Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Massachusetts SRS | 36,039.5 | 158,607 | 66.5 | 100.0 | Massachusetts State Employees' Retirement System |
Massachusetts Teachers | 37,088.1 | 165,307 | 53.0 | 100.0 | Massachusetts Teachers Retirement Board |
Boston RS | 9,483.6 | 37,006 | 68.9 | 100.0 | Boston Retirement Board |
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 | MA | US |
---|---|---|
2001 | 4.3 | 2.9 |
2002 | 3.1 | 3.0 |
2003 | 4.3 | 3.4 |
2004 | 2.8 | 4.2 |
2005 | 5.4 | 3.8 |
2006 | 5.0 | 3.7 |
2007 | 3.6 | 3.9 |
2008 | 4.2 | 4.2 |
2009 | 4.7 | 4.4 |
2010 | 3.9 | 4.6 |
2011 | 6.1 | 4.9 |
2012 | 5.6 | 5.0 |
2013 | 5.0 | 5.2 |
2014 | 5.8 | 5.6 |
2015 | 5.9 | 5.8 |
2016 | 5.8 | 6.1 |
2017 | 6.6 | 6.0 |
2018 | 5.9 | 6.4 |
2019 | 5.9 | 6.2 |
2020 | 6.2 | 6.6 |
2021 | 8.2 | 6.8 |