Major pension plans in the state
| Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
|---|---|---|---|---|---|
| Maryland PERS | 21,622.4 | 188,932 | 70.6 | 100.0 | Maryland State Retirement and Pension System |
| Maryland Teachers | 39,421.2 | 220,652 | 78.8 | 100.0 | Maryland State Retirement and Pension System |
| Baltimore Fire and Police | 3,074.9 | 9,969 | 71.7 | 100.0 | Baltimore Fire and Police Employees Retirement System |
| Montgomery County (MD) ERS | 4,778.3 | 13,806 | 98.6 | 100.0 | Montgomery County Employees Retirement System |
| Baltimore City Employees | 2,033.9 | 17,911 | 80.1 | 100.0 | Baltimore City Employees |
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 | MD | US |
|---|---|---|
| 2001 | 3.4 | 2.9 |
| 2002 | 3.4 | 3.0 |
| 2003 | 3.4 | 3.4 |
| 2004 | 3.6 | 4.2 |
| 2005 | 3.5 | 3.8 |
| 2006 | 3.7 | 3.7 |
| 2007 | 4.1 | 3.9 |
| 2008 | 4.5 | 4.2 |
| 2009 | 4.9 | 4.4 |
| 2010 | 5.0 | 4.6 |
| 2011 | 5.9 | 4.9 |
| 2012 | 6.0 | 5.0 |
| 2013 | 5.6 | 5.2 |
| 2014 | 5.5 | 5.6 |
| 2015 | 6.0 | 5.8 |
| 2016 | 6.0 | 6.1 |
| 2017 | 5.4 | 6.0 |
| 2018 | 5.6 | 6.4 |
| 2019 | 5.5 | 6.2 |
| 2020 | 5.4 | 6.6 |
| 2021 | 5.3 | 6.3 |
| 2022 | 4.9 | 6.7 |
| 2023 | 5.6 | 6.6 |