Second in a collection
Texas has 99 public pension plans.
It’s a tremendous array.
They cowl lecturers, hospital staff, staff for native hearth and police departments, metropolis staff and others. The biggest has 1.6 million individuals. The smallest has 9. Some have produced cheap funding outcomes. Some haven’t.
A handful — 5 — are “overfunded.” This implies their property cowl at the least 100% of promised pension advantages. A further 26 are moderately well-funded. They’ve just below 100% right down to 80% of the property wanted to satisfy their pension guarantees.