TRS of Texas administers pension, disability, health care, and survivors benefits for school teachers and other employees of more than 1,300 educational institutions--school districts, community colleges, universities, and other educational entities--throughout Texas. TRS also administers TRS-Active Care, a health insurance program for more than 200,000 active members employed by school districts that elect to participate; and TRS-Care, a health care benefit for 200,000 retired TRS members and their beneficiaries.
Teacher Retirement System of Texas Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Texas Teachers |
187,170.5 |
1,577,316 |
| Other Plans |
0.0 |
0 |
| Total |
187,170.5 |
1,577,316 |
Source: Public Plans Database (as of 2023)
Note: Teacher Retirement System of Texas has 0 other plans.
Assets
Assets at Year-End
Teacher Retirement System of Texas
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
79.4 |
| 2002 |
71.7 |
| 2003 |
77.6 |
| 2004 |
84.2 |
| 2005 |
93.7 |
| 2006 |
100.2 |
| 2007 |
112.1 |
| 2008 |
104.9 |
| 2009 |
88.7 |
| 2010 |
95.7 |
| 2011 |
107.4 |
| 2012 |
111.4 |
| 2013 |
117.4 |
| 2014 |
132.8 |
| 2015 |
128.5 |
| 2016 |
134.0 |
| 2017 |
147.4 |
| 2018 |
154.6 |
| 2019 |
158.0 |
| 2020 |
165.4 |
| 2021 |
201.8 |
| 2022 |
184.2 |
| 2023 |
187.2 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Teacher Retirement System of Texas |
US State and Local Pensions |
| 2001 |
4.2 |
2.4 |
| 2002 |
3.7 |
2.3 |
| 2003 |
3.5 |
2.2 |
| 2004 |
3.0 |
2.1 |
| 2005 |
2.9 |
2.1 |
| 2006 |
3.0 |
2.0 |
| 2007 |
2.9 |
2.0 |
| 2008 |
2.9 |
1.9 |
| 2009 |
2.9 |
1.9 |
| 2010 |
2.8 |
1.8 |
| 2011 |
2.7 |
1.7 |
| 2012 |
2.5 |
1.6 |
| 2013 |
2.4 |
1.5 |
| 2014 |
2.4 |
1.4 |
| 2015 |
2.2 |
1.4 |
| 2016 |
2.2 |
1.4 |
| 2017 |
2.1 |
1.4 |
| 2018 |
2.1 |
1.3 |
| 2019 |
2.0 |
1.3 |
| 2020 |
2.1 |
1.3 |
| 2021 |
2.0 |
1.2 |
| 2022 |
2.0 |
1.2 |
| 2023 |
1.9 |
1.2 |
2023 Membership for Teacher Retirement System of Texas
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 953,295 |
489,921 |
134,100 |
1,577,316 |
1,357 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Teacher Retirement System of Texas
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-1,261.3 |
79,426.8 |
| 2002 |
-1,770.8 |
71,695.8 |
| 2003 |
-2,029.0 |
77,633.0 |
| 2004 |
-2,773.2 |
84,203.0 |
| 2005 |
-2,598.9 |
93,707.8 |
| 2006 |
-2,574.3 |
100,239.0 |
| 2007 |
-2,496.7 |
112,128.8 |
| 2008 |
-2,703.6 |
104,910.5 |
| 2009 |
-2,361.8 |
88,653.0 |
| 2010 |
-2,465.8 |
95,688.4 |
| 2011 |
-2,906.1 |
107,420.8 |
| 2012 |
-3,820.1 |
111,449.9 |
| 2013 |
-3,898.5 |
117,388.1 |
| 2014 |
-4,047.5 |
132,779.2 |
| 2015 |
-3,831.5 |
128,538.7 |
| 2016 |
-3,725.3 |
134,008.6 |
| 2017 |
-3,727.8 |
147,361.9 |
| 2018 |
-3,948.4 |
154,568.9 |
| 2019 |
-4,267.8 |
157,978.2 |
| 2020 |
-3,641.1 |
165,416.2 |
| 2021 |
-4,124.5 |
201,807.0 |
| 2022 |
-4,944.2 |
184,185.6 |
| 2023 |
-3,949.3 |
187,170.5 |
2023 Cash Flows for Teacher Retirement System of Texas (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 9,722.8 |
13,672.1 |
6,934.3 |
2,984.9 |
Cash Flow as a Percentage of Assets
Teacher Retirement System of Texas
2001-2023
| Fiscal Year |
Teacher Retirement System of Texas |
National Average |
| 2001 |
-1.6 |
-2.1 |
| 2002 |
-2.5 |
-2.0 |
| 2003 |
-2.6 |
-2.5 |
| 2004 |
-3.3 |
-2.0 |
| 2005 |
-2.8 |
-2.2 |
| 2006 |
-2.6 |
-2.2 |
| 2007 |
-2.2 |
-2.1 |
| 2008 |
-2.6 |
-2.3 |
| 2009 |
-2.7 |
-3.1 |
| 2010 |
-2.6 |
-3.2 |
| 2011 |
-2.7 |
-3.1 |
| 2012 |
-3.4 |
-3.3 |
| 2013 |
-3.3 |
-3.1 |
| 2014 |
-3.0 |
-2.9 |
| 2015 |
-3.0 |
-2.8 |
| 2016 |
-2.8 |
-3.0 |
| 2017 |
-2.5 |
-2.9 |
| 2018 |
-2.6 |
-2.6 |
| 2019 |
-2.7 |
-2.6 |
| 2020 |
-2.2 |
-2.4 |
| 2021 |
-2.0 |
-2.1 |
| 2022 |
-2.7 |
-2.1 |
| 2023 |
-2.1 |
-2.1 |
