Massachusetts Teachers Retirement System
public plan · State of Massachusetts · Worcester, MA
ACTIVE
D
Pension Health Score
44/100
Funding Status53% Funded
0%80% threshold100%
$25.8B
Total Assets
$48.5B
Total Liabilities
$22.8B
Unfunded Liability
96,460
Participants
Funding History
What This Means for You
Massachusetts Teachers Retirement System is significantly underfunded at 53%, with $22.8B in unfunded liabilities affecting 96,460 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $25.8B | $48.5B | 53.1% | $1.6B |
| 2024 | $24.8B | $49.6B | 50.0% | $1.6B |
| 2023 | $24.0B | $50.6B | 47.4% | $1.8B |
| 2022 | $23.7B | $55.7B | 42.5% | $1.9B |
| 2021 | $21.3B | $38.2B | 55.7% | $1.4B |