Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Arkansas PERS | 8,833.3 | 99,340 | 78.5 | 100.0 | Arkansas Public Employees Retirement System |
Arkansas Teachers | 17,741.6 | 133,874 | 80.2 | 96.2 | Arkansas Teachers Retirement System |
Little Rock Firemen | 46.3 | 276 | 48.4 | 48.2 | Little Rock Firemen |
Arkansas Police and Fire | 2,474.5 | 14,571 | 71.3 | 100.0 | Arkansas Police and Fire |
Source: Public Plans Database (as of 2019)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2022
Fiscal Year | AR | US |
---|---|---|
2001 | 3.9 | 2.9 |
2002 | 3.6 | 3.0 |
2003 | 3.4 | 3.4 |
2004 | 3.6 | 4.2 |
2005 | 3.8 | 3.8 |
2006 | 4.5 | 3.7 |
2007 | 4.2 | 3.9 |
2008 | 4.3 | 4.2 |
2009 | 4.0 | 4.4 |
2010 | 4.1 | 4.6 |
2011 | 5.1 | 4.9 |
2012 | 5.8 | 5.0 |
2013 | 5.3 | 5.2 |
2014 | 5.8 | 5.6 |
2015 | 5.8 | 5.8 |
2016 | 5.1 | 6.1 |
2017 | 4.6 | 6.0 |
2018 | 4.3 | 6.4 |
2019 | 5.1 | 6.2 |
2020 | 5.0 | 6.6 |
2021 | 4.6 | 6.3 |
2022 | 5.0 | 7.5 |