Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Georgia ERS | 16,681.9 | 187,552 | 75.9 | 156.2 | Georgia Employees Retirement System |
Georgia Teachers | 106,174.0 | 521,509 | 78.2 | 100.0 | Georgia Teachers Retirement System |
Atlanta ERS | 1,835.7 | 12,370 | 68.8 | 100.0 | Atlanta General Employees Pension Fund |
Atlanta Police | 1,482.3 | 3,820 | 75.5 | 100.0 | Atlanta Police Fund |
Atlanta Fire | 872.7 | 2,274 | 67.9 | 100.0 | Atlanta Fire |
Georgia Fire | 24,894 | 83.9 | Georgia Fire | ||
Georgia Public Schools | 1,212.0 | 111,391 | 85.6 | 100.0 | Georgia Employees Retirement System |
Source: Public Plans Database (as of 2024)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
Fiscal Year | GA | US |
---|---|---|
2001 | 3.4 | 2.9 |
2002 | 3.1 | 3.0 |
2003 | 3.3 | 3.4 |
2004 | 3.4 | 4.2 |
2005 | 3.1 | 3.8 |
2006 | 2.9 | 3.7 |
2007 | 2.7 | 3.9 |
2008 | 3.0 | 4.2 |
2009 | 3.5 | 4.4 |
2010 | 3.6 | 4.6 |
2011 | 8.1 | 4.9 |
2012 | 4.0 | 5.0 |
2013 | 3.7 | 5.2 |
2014 | 4.5 | 5.6 |
2015 | 5.2 | 5.8 |
2016 | 5.3 | 6.1 |
2017 | 5.6 | 6.1 |
2018 | 7.2 | 6.4 |
2019 | 6.2 | 6.2 |
2020 | 5.6 | 6.7 |
2021 | 5.6 | 6.3 |
2022 | 5.3 | 6.7 |
2023 | 6.0 | 6.9 |
2024 | 7.0 | 7.1 |