ERS of Texas administers pension, disability, life insurance, defined contribution savings, and retiree health insurance for substantially all state employees, as well as the health insurance benefit for active state employees. The System administers the ERS of Texas Plan, the Law Enforcement and Custodial Officer Supplemental Retirement Plan (LECOS), and two judicial retirement plans.
Texas Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Texas ERS |
31,986.1 |
271,309 |
| Texas LECOS |
1,042.3 |
47,102 |
| Other Plans |
566.4 |
173,888 |
| Total |
33,594.8 |
492,299 |
Source: Public Plans Database (as of 2022)
Note: Texas Employees Retirement System has 2 other plans.
Assets
Assets at Year-End
Texas Employees Retirement System
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
18.8 |
| 2002 |
17.1 |
| 2003 |
18.2 |
| 2004 |
19.6 |
| 2005 |
21.3 |
| 2006 |
22.4 |
| 2007 |
24.5 |
| 2008 |
22.4 |
| 2009 |
19.9 |
| 2010 |
20.5 |
| 2011 |
22.2 |
| 2012 |
22.9 |
| 2013 |
24.0 |
| 2014 |
26.3 |
| 2015 |
25.2 |
| 2016 |
25.7 |
| 2017 |
27.7 |
| 2018 |
29.2 |
| 2019 |
28.8 |
| 2020 |
29.4 |
| 2021 |
35.3 |
| 2022 |
33.6 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Texas Employees Retirement System |
US State and Local Pensions |
| 2001 |
3.5 |
2.4 |
| 2002 |
3.3 |
2.3 |
| 2003 |
2.9 |
2.2 |
| 2004 |
2.6 |
2.1 |
| 2005 |
2.4 |
2.1 |
| 2006 |
2.3 |
2.0 |
| 2007 |
2.2 |
2.0 |
| 2008 |
2.1 |
1.9 |
| 2009 |
2.2 |
1.9 |
| 2010 |
2.1 |
1.8 |
| 2011 |
1.9 |
1.7 |
| 2012 |
1.8 |
1.6 |
| 2013 |
1.7 |
1.5 |
| 2014 |
1.6 |
1.4 |
| 2015 |
1.6 |
1.4 |
| 2016 |
1.6 |
1.4 |
| 2017 |
1.5 |
1.4 |
| 2018 |
1.4 |
1.3 |
| 2019 |
1.4 |
1.3 |
| 2020 |
1.3 |
1.3 |
| 2021 |
1.2 |
1.2 |
| 2022 |
1.2 |
1.2 |
2022 Membership for Texas Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 165,409 |
139,179 |
187,711 |
492,299 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Texas Employees Retirement System
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-369.8 |
18,790.8 |
| 2002 |
-354.0 |
17,112.4 |
| 2003 |
-451.0 |
18,176.5 |
| 2004 |
-685.4 |
19,567.8 |
| 2005 |
-702.6 |
21,292.5 |
| 2006 |
-659.8 |
22,442.5 |
| 2007 |
-715.6 |
24,460.3 |
| 2008 |
-728.8 |
22,384.3 |
| 2009 |
-762.1 |
19,938.3 |
| 2010 |
-722.0 |
20,474.2 |
| 2011 |
-796.5 |
22,201.1 |
| 2012 |
-1,040.4 |
22,869.2 |
| 2013 |
-1,100.5 |
23,967.6 |
| 2014 |
-1,093.3 |
26,285.3 |
| 2015 |
-1,138.4 |
25,207.1 |
| 2016 |
-839.2 |
25,706.7 |
| 2017 |
-967.8 |
27,716.7 |
| 2018 |
-1,098.6 |
29,173.5 |
| 2019 |
-1,221.6 |
28,751.0 |
| 2020 |
-1,264.3 |
29,371.1 |
| 2021 |
-1,353.3 |
35,309.5 |
| 2022 |
-978.9 |
33,594.8 |
2022 Cash Flows for Texas Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 2,162.0 |
3,140.9 |
-735.7 |
-1,714.6 |
Cash Flow as a Percentage of Assets
Texas Employees Retirement System
2001-2022
| Fiscal Year |
Texas Employees Retirement System |
National Average |
| 2001 |
-2.0 |
-2.1 |
| 2002 |
-2.1 |
-2.4 |
| 2003 |
-2.5 |
-2.6 |
| 2004 |
-3.5 |
-2.0 |
| 2005 |
-3.3 |
-2.2 |
| 2006 |
-2.9 |
-2.2 |
| 2007 |
-2.9 |
-2.1 |
| 2008 |
-3.3 |
-2.3 |
| 2009 |
-3.8 |
-3.1 |
| 2010 |
-3.5 |
-3.2 |
| 2011 |
-3.6 |
-3.1 |
| 2012 |
-4.5 |
-3.3 |
| 2013 |
-4.6 |
-3.1 |
| 2014 |
-4.2 |
-2.9 |
| 2015 |
-4.5 |
-2.8 |
| 2016 |
-3.3 |
-3.0 |
| 2017 |
-3.5 |
-2.9 |
| 2018 |
-3.8 |
-2.6 |
| 2019 |
-4.2 |
-2.6 |
| 2020 |
-4.3 |
-2.4 |
| 2021 |
-3.8 |
-2.1 |
| 2022 |
-2.9 |
-2.1 |
