Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Kentucky County | 11,605.1 | 217,138 | 50.4 | 78.3 | Kentucky Retirement Systems |
Kentucky ERS | 3,959.9 | 120,292 | 20.0 | 107.0 | Kentucky Retirement Systems |
Kentucky Teachers | 25,935.8 | 137,259 | 57.2 | 100.0 | Kentucky Teachers Retirement System |
Lexington-Fayette County Police and Fire | 995.3 | 2,490 | 79.5 | Lexington-Fayette County Policemen's and Firefighters' Retirement Fund |
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 | KY | US |
---|---|---|
2001 | 2.5 | 2.9 |
2002 | 2.4 | 3.0 |
2003 | 1.9 | 3.4 |
2004 | 2.8 | 4.2 |
2005 | 3.4 | 3.8 |
2006 | 4.4 | 3.7 |
2007 | 4.6 | 3.9 |
2008 | 5.3 | 4.2 |
2009 | 5.8 | 4.4 |
2010 | 6.3 | 4.6 |
2011 | 6.9 | 4.9 |
2012 | 7.3 | 5.0 |
2013 | 8.4 | 5.2 |
2014 | 8.0 | 5.6 |
2015 | 8.1 | 5.8 |
2016 | 9.1 | 6.1 |
2017 | 9.3 | 6.0 |
2018 | 9.5 | 6.4 |
2019 | 9.6 | 6.2 |
2020 | 9.7 | 6.6 |
2021 | 10.3 | 6.8 |