Plan Data | Public Plans Data

West Virginia Teachers Basics

Established 1941
Currently open to new hires
Plan covers teachers
Plan members covered by Social Security
Multiple employer, cost sharing plan

Assets, Participants, and Benefits

State and local government pension benefits are paid from trust funds to which public employees and their employers contributed while they were working, not from general operating revenues. Trust fund assets are invested and grow over time. The combined value of defined benefit plan assets held by state and local governments as of Q2 2022 decreased to $5.3 trillion, from $5.7 trillion as of Q2 2021 (Federal Reserve Flow of Funds, June 2023). PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Assets at Year-End, West Virginia Teachers, 2001-2022

Fiscal Year	Net Assets (billions)
2001	1.09
2002	1.10
2003	1.19
2004	1.43
2005	1.63
2006	2.17
2007	3.67
2008	3.38
2009	3.55
2010	4.14
2011	5.07
2012	5.14
2013	5.75
2014	6.68
2015	6.80
2016	6.54
2017	7.29
2018	7.72
2019	7.90
2020	7.84
2021	9.91
2022	9.00

Source: Public Plans Database

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

State and local employees make up around 10-15 percent of the US workforce. About a quarter of public sector workers are covered by a public pension in lieu of Social Security, including nearly half of all teachers and over two-thirds of firefighters and public safety officers. Public employees live in every city and county in the nation; more than 90 percent retire in the same jurisdiction where they worked. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Number of Actives per Annuitant, 2001-2022

Fiscal Year	West Virginia Teachers	US State and Local Pensions
2001	1.0	2.4
2002	0.9	2.3
2003	0.8	2.2
2004	0.7	2.1
2005	0.7	2.1
2006	0.7	2.0
2007	0.7	2.0
2008	1.2	1.9
2009	1.2	1.9
2010	1.2	1.8
2011	1.2	1.7
2012	1.1	1.6
2013	1.1	1.5
2014	1.1	1.4
2015	1.0	1.4
2016	1.0	1.4
2017	1.0	1.4
2018	0.9	1.3
2019	0.9	1.3
2020	0.9	1.3
2021	0.9	1.2
2022	0.9	1.2

Note: In 2008, members of the Teachers Defined Contribution plan (TDC) were given the option to transfer to the DB system.

Source: Public Plans Database

National data averages are weighted by plan size.

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Membership for West Virginia Teachers

Actives	Beneficiaries	Total Membership
34,871	37,097	75,286

Source: Public Plans Database

Costs

The Annual Required Contribution (ARC) is the amount needed to finance benefits accrued each year, plus the cost to amortize unfunded liabilities from past years, minus required employee contributions. It is a projection that matches a yearly payment amount to a particular amortization period, taking into consideration an assortment of assumptions adopted by the plan. In practice, all plans do not calculate the ARC in the same manner. Assumptions used to calculate the ARC reflect actual plan experience, including investment return , actuarial cost, salary growth, total payroll growth and mortality, as well as an adopted amortization method. These assumptions and methods will differ from one plan another, so caution should be taken when comparing ARC between plans. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for West Virginia Teachers, 2001-2022

Fiscal Year	Portion of Employer ARC paid	Portion of Employer ARC left unpaid	US Avg Employer ARC	ARC as a Percent of Payroll
2001	28.3	0.0	5.9	26.5
2002	31.1	0.0	5.6	30.2
2003	34.4	0.5	6.3	34.9
2004	41.9	0.6	7.8	42.5
2005	48.0	0.0	9.5	45.5
2006	87.1	0.0	10.5	45.8
2007	179.2	0.0	11.4	39.5
2008	26.4	0.0	11.9	24.5
2009	25.4	1.5	12.1	27.0
2010	29.7	2.8	14.7	32.5
2011	33.3	0.0	16.7	31.3
2012	31.9	0.0	17.7	30.3
2013	32.6	0.0	19.0	32.3
2014	34.7	0.0	19.8	30.7
2015	29.7	0.0	20.2	27.6
2016	26.0	0.0	20.3	23.7
2017	28.4	0.0	20.4	26.1
2018	30.7	0.0	20.9	28.9
2019	29.4	0.0	21.2	26.4
2020	26.7	0.0	20.5	23.8
2021	23.7	0.1	21.6	23.8
2022	26.8	0.0	21.5	22.8

Note: 2007 percentage of ARC paid includes $807M proceeds from a TSFA bond issuance.

Note: The employer's annual required contribution as a percent of payroll is calculated by dividing the dollar amount reported in the schedule of employer contributions by the covered payroll reported in the schedule of funding. The U.S. Average Employer data reflects the average for plans of similar type and social Security coverage to the plan.

Source: Public Plans Database

National data averages are weighted by plan size.

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

While funded ratios among pension plans vary substantially, in the aggregate, public pension funding levels rose steadily during the 1990s, due largely to strong returns in global equity markets. Since then, sharp market downturns in 2000-02 and 2008-09 negatively affected asset values and increased unfunded pension liabilities and required contributions. A combination of the market downturns, insufficient contributions (for some plans), and increased benefit levels (also for some plans) resulted in a decline in aggregate funding level between 2001 and 2012, and has since remained relatively stable.

Actuarial Funded Ratio for West Virginia Teachers, 2001-2022

Fiscal Year	West Virginia Teachers	National Data
2001	21.0	101.7
2002	19.2	94.8
2003	19.1	89.0
2004	22.2	87.2
2005	24.6	85.4
2006	31.6	85.3
2007	51.3	86.3
2008	50.0	84.4
2009	41.3	78.4
2010	46.5	75.7
2011	53.7	74.3
2012	53.0	72.3
2013	57.9	71.9
2014	66.2	73.2
2015	66.0	73.2
2016	65.4	71.6
2017	67.1	72.1
2018	69.6	72.4
2019	71.1	72.5
2020	72.8	72.7
2021	76.0	76.2
2022	78.4	77.1

Source: Public Plans Database

National data averages are weighted by plan size.

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

The major asset allocation classes presented in the PPD are generated from the specific asset classes that plans report. For consistent reporting in the PPD, the individual asset classes reported by plans are categorized as one of eight major asset classes: equity, fixed income, real estate, private equity, hedge funds, commodities, misc. alternative assets, cash, and other. For more details on the PPD allocation data please see documentation.

Asset Allocation for West Virginia Teachers, 2022

Category	Percent
Equities	46.6
Fixed Income	13.6
Private Equity	14.6
Real Estate	10.8
Cash	0.1
Other	0.0
Commodities	0.0
Hedge Fund	14.3
Misc. Alternatives	0.0

Source: Public Plans Database

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

Asset Allocation for State and Local Pensions, 2022

Category	Percent
Equities	42.7
Fixed Income	20.8
Private Equity	13.0
Real Estate	10.2
Cash	2.1
Other	0.6
Commodities	2.3
Hedge Fund	6.5
Misc. Alternatives	1.8

Note: The most recent year of data contains virtually all the plans in the PPD.

Source: Public Plans Database

National data averages are weighted by plan size.

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

Asset allocation for West Virginia Teachers, 2001-2022

Fiscal Year	Equities	Fixed Income	Private Equity	Real Estate	Cash	Hedge Fund
2001	58.0	36.0	0.0	0.0	6.0	0.0
2002	57.0	36.0	0.0	0.0	7.0	0.0
2003	59.0	34.0	0.0	0.0	7.0	0.0
2004	58.0	36.0	0.0	0.0	6.0	0.0
2005	59.0	41.0	0.0	0.0	0.0	0.0
2006	53.0	47.0	0.0	0.0	0.0	0.0
2007	43.0	57.0	0.0	0.0	0.0	0.0
2008	59.0	30.0	11.0	0.0	0.0	0.0
2009	50.8	30.0	7.8	0.5	0.0	10.9
2010	47.2	26.2	10.7	5.8	0.0	10.1
2011	48.6	30.6	9.9	2.4	0.0	8.5
2012	49.5	23.8	10.1	6.3	0.0	10.3
2013	50.1	22.4	9.5	8.0	0.0	10.0
2014	54.2	17.2	9.6	9.0	0.0	10.0
2015	53.6	15.7	9.7	10.4	0.0	10.6
2016	53.7	14.9	10.3	10.9	0.0	10.2
2017	52.3	15.4	10.3	10.6	0.0	11.4
2018	49.7	14.8	11.1	9.6	0.0	14.8
2019	49.9	12.8	11.7	10.1	0.0	15.5
2020	49.5	12.9	12.9	10.4	0.0	14.3
2021	49.7	13.6	13.7	8.7	0.8	13.4
2022	46.6	13.6	14.6	10.8	0.1	14.3

Source: Public Plans Database

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

Annual Return as of June 30 for West Virginia Teachers, 2001-2022

Fiscal Year	West Virginia Teachers	Assumed return
2001	-0.30	8.00
2002	-3.00	7.50
2003	4.80	7.50
2004	15.10	7.50
2005	10.60	7.50
2006	9.60	7.50
2007	17.40	7.50
2008	-7.70	7.50
2009	-16.10	7.50
2010	15.20	7.50
2011	20.50	7.50
2012	1.00	7.50
2013	13.00	7.50
2014	17.90	7.50
2015	4.00	7.50
2016	-0.10	7.50
2017	15.70	7.50
2018	9.70	7.50
2019	6.00	7.50
2020	3.20	7.50
2021	32.00	7.50
2022	-6.30	7.25

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page. The FYE date for the majority of plans is either June 30th or December 31st. Those with FYE dates that do not fall on either of those two dates are compared with the June 30th plans. The PPD average return includes plans that report gross returns and returns net of fees.

Source: Public Plans Database

National data averages are weighted by plan size.

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

Annualized 5-Year Return

West Virginia Teachers	PPD Sample
8.2	7.8

Annualized 10-Year Return

West Virginia Teachers	PPD Sample
9.0	8.5

Cash Flows

Cash Flow vs. Total Assets (Millions)
West Virginia Teachers
2001-2022

Fiscal Year	Cash Flow	Assets
2001	27.4	1,090.7
2002	22.6	1,098.4
2003	25.1	1,191.2
2004	44.3	1,427.5
2005	38.4	1,627.4
2006	396.9	2,174.5
2007	1,120.9	3,666.0
2008	-19.3	3,378.5
2009	11.6	3,554.8
2010	15.6	4,143.5
2011	42.0	5,074.7
2012	-15.3	5,144.4
2013	-80.5	5,751.1
2014	-76.0	6,682.1
2015	-138.2	6,803.3
2016	-245.8	6,543.1
2017	-250.7	7,290.5
2018	-261.2	7,720.6
2019	-270.0	7,898.7
2020	-299.4	7,844.3
2021	-362.3	9,914.8
2022	-316.0	9,001.9

Note: 2007 cash flows include $807M proceeds from a TSFA bond issuance.

Source: Public Plans Database

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Cash Flows for West Virginia Teachers (millions)

Inflows	Outflows	Investment Gains (losses)	Change in Net Assets
578.7	894.7	-597.0	-912.9

Source: Public Plans Database

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Cash Flow as a Percentage of Assets
West Virginia Teachers
2001-2022

Fiscal Year	West Virginia Teachers	National Average
2001	2.5	-2.0
2002	2.1	-2.4
2003	2.1	-2.6
2004	3.1	-1.8
2005	2.4	-2.2
2006	18.3	-2.2
2007	30.6	-2.0
2008	-0.6	-2.2
2009	0.3	-3.1
2010	0.4	-3.2
2011	0.8	-3.0
2012	-0.3	-3.2
2013	-1.4	-3.1
2014	-1.1	-2.9
2015	-2.0	-2.7
2016	-3.8	-2.9
2017	-3.4	-2.8
2018	-3.4	-2.4
2019	-3.4	-2.4
2020	-3.8	-2.3
2021	-3.7	-2.0
2022	-3.5	-1.9

Note: 2007 cash flows include $807M proceeds from a TSFA bond issuance.

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Source: Public Plans Database

National data averages are weighted by plan size.

Download chart data

Embed chart on your website

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Financial Reports

Benefits

Website for West Virginia Teachers benefit descriptions.

Advanced Search

Plan Data: West Virginia Teachers

West Virginia Teachers Basics

Assets, Participants, and Benefits

Copy this code into your HTML Editor, Blog Post or CMS.

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Membership for West Virginia Teachers

Costs

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

Copy this code into your HTML Editor, Blog Post or CMS.

Copy this code into your HTML Editor, Blog Post or CMS.

Copy this code into your HTML Editor, Blog Post or CMS.

Copy this code into your HTML Editor, Blog Post or CMS.

Annualized 5-Year Return

Annualized 10-Year Return

Cash Flows

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Cash Flows for West Virginia Teachers (millions)

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Financial Reports

Benefits

Contact information (OPTIONAL)