Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Arizona Public Safety | 11,556.8 | 37,673 | 54.4 | Arizona Public Safety Personnel Retirement System | |
Arizona SRS | 48,202.2 | 621,280 | 70.1 | 100.0 | Arizona State Retirement System |
Phoenix ERS | 3,438.0 | 16,609 | 70.7 | 200.7 | Phoenix Employees' Retirement System |
Arizona State Corrections Officers | 2,599.2 | 20,006 | 68.2 | Arizona Public Safety Personnel Retirement System | |
Tucson Supplemental RS | 1,013.4 | 5,950 | 76.1 | 111.3 | Tucson Supplemental Retirement System |
Source: Public Plans Database (as of 2021)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021
Fiscal Year | AZ | US |
---|---|---|
2001 | 1.8 | 2.9 |
2002 | 1.6 | 3.0 |
2003 | 1.4 | 3.4 |
2004 | 2.0 | 4.2 |
2005 | 2.5 | 3.8 |
2006 | 2.9 | 3.7 |
2007 | 3.2 | 3.9 |
2008 | 3.7 | 4.2 |
2009 | 4.6 | 4.4 |
2010 | 4.7 | 4.6 |
2011 | 4.7 | 4.9 |
2012 | 4.6 | 5.0 |
2013 | 4.8 | 5.2 |
2014 | 5.4 | 5.6 |
2015 | 5.5 | 5.8 |
2016 | 5.7 | 6.1 |
2017 | 5.9 | 6.0 |
2018 | 6.1 | 6.4 |
2019 | 6.1 | 6.2 |
2020 | 6.5 | 6.6 |
2021 | 6.4 | 6.8 |