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 | 22,577.5 | 186,316 | 72.1 | 100.0 | Maryland State Retirement and Pension System |
| Maryland Teachers | 41,120.8 | 215,206 | 80.2 | 100.0 | Maryland State Retirement and Pension System |
| Baltimore Fire and Police | 3,328.8 | 10,199 | 71.6 | 99.9 | Baltimore Fire and Police Employees Retirement System |
| Montgomery County (MD) ERS | 5,296.0 | 13,435 | 103.2 | 100.0 | Montgomery County Employees Retirement System |
| Baltimore City Employees | 2,105.5 | 18,572 | 77.1 | 100.0 | Baltimore City Employees |
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 | MD | US |
|---|---|---|
| 2001 | 3.3 | 2.9 |
| 2002 | 2.9 | 3.0 |
| 2003 | 3.1 | 3.4 |
| 2004 | 3.1 | 4.2 |
| 2005 | 3.4 | 3.8 |
| 2006 | 3.4 | 3.7 |
| 2007 | 3.8 | 3.9 |
| 2008 | 4.1 | 4.2 |
| 2009 | 4.5 | 4.4 |
| 2010 | 5.2 | 4.6 |
| 2011 | 6.4 | 4.9 |
| 2012 | 6.5 | 5.0 |
| 2013 | 6.8 | 5.2 |
| 2014 | 6.5 | 5.6 |
| 2015 | 7.7 | 5.8 |
| 2016 | 7.6 | 6.1 |
| 2017 | 7.3 | 6.0 |
| 2018 | 7.2 | 6.4 |
| 2019 | 5.8 | 6.2 |
| 2020 | 7.2 | 6.6 |
| 2021 | 7.4 | 6.8 |