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 | 12,568.5 | 153,503 | 68.2 | 100.0 | Alabama ERS |
Alabama Teachers | 25,619.4 | 255,739 | 69.4 | 100.0 | Alabama Teachers |
Birmingham RRS | 1,063.1 | 63.1 | Birmingham Retirement & Relief System |
Source: Public Plans Database (as of 2019)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2018
Fiscal Year | AL | US |
---|---|---|
2001 | 2.7 | 2.9 |
2002 | 2.6 | 3.0 |
2003 | 2.5 | 3.4 |
2004 | 2.4 | 4.2 |
2005 | 2.7 | 3.8 |
2006 | 3.3 | 3.7 |
2007 | 3.7 | 3.9 |
2008 | 4.6 | 4.2 |
2009 | 5.3 | 4.4 |
2010 | 5.0 | 4.6 |
2011 | 4.9 | 4.9 |
2012 | 4.1 | 5.0 |
2013 | 4.0 | 5.2 |
2014 | 4.7 | 5.6 |
2015 | 4.5 | 5.8 |
2016 | 4.5 | 6.1 |
2017 | 4.5 | 6.0 |
2018 | 4.4 | 6.4 |