Major pension plans in the state
| Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
|---|---|---|---|---|---|
| Maine Local | 3,846.7 | 26,602 | 103.4 | 100.0 | Maine Public Employees Retirement System |
| Maine State and Teacher | 15,073.2 | 88,826 | 93.9 | 100.0 | Maine Public Employees Retirement System |
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 | ME | US |
|---|---|---|
| 2001 | 3.8 | 2.9 |
| 2002 | 4.0 | 3.0 |
| 2003 | 3.8 | 3.4 |
| 2004 | 3.5 | 4.2 |
| 2005 | 3.9 | 3.8 |
| 2006 | 3.6 | 3.7 |
| 2007 | 3.7 | 3.9 |
| 2008 | 3.4 | 4.2 |
| 2009 | 3.7 | 4.4 |
| 2010 | 3.5 | 4.6 |
| 2011 | 4.1 | 4.9 |
| 2012 | 4.7 | 5.0 |
| 2013 | 2.9 | 5.2 |
| 2014 | 3.2 | 5.6 |
| 2015 | 3.5 | 5.8 |
| 2016 | 3.2 | 6.1 |
| 2017 | 3.2 | 6.0 |
| 2018 | 3.1 | 6.4 |
| 2019 | 2.9 | 6.2 |
| 2020 | 2.9 | 6.6 |
| 2021 | 2.3 | 6.3 |
| 2022 | 2.8 | 6.7 |
| 2023 | 4.6 | 6.6 |