Major pension plans in the state
| Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
|---|---|---|---|---|---|
| Alabama ERS | 14,133.3 | 200,384 | 63.4 | 100.0 | Alabama ERS |
| Alabama Teachers | 27,848.2 | 312,653 | 65.1 | 100.0 | Alabama Teachers |
| Birmingham RRS | 1,102.5 | 94.0 | Birmingham Retirement & Relief System | ||
| Birmingham Police and Fire | 16.7 | 100.0 | Birmingham Police and Fire |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
| Fiscal Year | AL | US |
|---|---|---|
| 2001 | 2.5 | 2.9 |
| 2002 | 2.3 | 3.0 |
| 2003 | 2.3 | 3.4 |
| 2004 | 2.6 | 4.2 |
| 2005 | 3.1 | 3.8 |
| 2006 | 3.3 | 3.7 |
| 2007 | 4.0 | 3.9 |
| 2008 | 4.3 | 4.2 |
| 2009 | 4.8 | 4.4 |
| 2010 | 4.8 | 4.6 |
| 2011 | 5.0 | 4.9 |
| 2012 | 4.7 | 5.0 |
| 2013 | 4.3 | 5.2 |
| 2014 | 4.3 | 5.6 |
| 2015 | 4.8 | 5.8 |
| 2016 | 4.6 | 6.1 |
| 2017 | 4.8 | 6.1 |
| 2018 | 4.8 | 6.4 |
| 2019 | 4.6 | 6.2 |
| 2020 | 4.4 | 6.7 |
| 2021 | 4.1 | 6.3 |
| 2022 | 4.8 | 6.7 |
| 2023 | 4.9 | 6.9 |
| 2024 | 4.5 | 7.1 |