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 | 35,357.5 | 191,314 | 71.3 | 100.0 | Massachusetts State Employees' Retirement System |
Massachusetts Teachers | 37,023.7 | 172,055 | 58.7 | 100.0 | Massachusetts Teachers Retirement Board |
Boston RS | 9,586.4 | 51,036 | 72.9 | 103.4 | Boston Retirement Board |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
Fiscal Year | MA | US |
---|---|---|
2001 | 5.3 | 2.9 |
2002 | 2.4 | 3.0 |
2003 | 4.8 | 3.4 |
2004 | 3.4 | 4.2 |
2005 | 5.5 | 3.8 |
2006 | 5.0 | 3.7 |
2007 | 3.6 | 3.9 |
2008 | 4.2 | 4.2 |
2009 | 4.8 | 4.4 |
2010 | 3.8 | 4.6 |
2011 | 6.0 | 4.9 |
2012 | 5.5 | 5.0 |
2013 | 4.8 | 5.2 |
2014 | 5.6 | 5.6 |
2015 | 6.1 | 5.8 |
2016 | 5.9 | 6.1 |
2017 | 6.6 | 6.1 |
2018 | 7.4 | 6.4 |
2019 | 7.5 | 6.2 |
2020 | 7.7 | 6.7 |
2021 | 7.6 | 6.3 |
2022 | 7.3 | 6.7 |
2023 | 7.5 | 6.9 |
2024 | 8.0 | 7.1 |