Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Iowa PERS | 41,206.3 | 339,767 | 89.7 | 110.6 | Iowa Public Employees Retirement System |
Iowa Municipal Fire and Police | 3,175.8 | 9,066 | 84.6 | 100.0 | Iowa Municipal Fire and Police |
Des Moines Water Works | 54.8 | 332 | 95.5 | 100.0 | Des Moines Water Works |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2023
Fiscal Year | IA | US |
---|---|---|
2001 | 2.3 | 2.9 |
2002 | 2.2 | 3.0 |
2003 | 2.2 | 3.4 |
2004 | 2.6 | 4.2 |
2005 | 2.8 | 3.8 |
2006 | 2.9 | 3.7 |
2007 | 2.8 | 3.9 |
2008 | 2.7 | 4.2 |
2009 | 3.0 | 4.4 |
2010 | 3.0 | 4.6 |
2011 | 3.4 | 4.9 |
2012 | 3.1 | 5.0 |
2013 | 3.2 | 5.2 |
2014 | 3.3 | 5.6 |
2015 | 3.4 | 5.8 |
2016 | 3.3 | 6.1 |
2017 | 2.9 | 6.0 |
2018 | 2.8 | 6.4 |
2019 | 3.0 | 6.2 |
2020 | 2.9 | 6.6 |
2021 | 3.0 | 6.3 |
2022 | 2.9 | 6.7 |
2023 | 3.1 | 6.6 |