Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
North Carolina Local Government | 33,620.2 | 334,993 | 86.9 | 121.2 | North Carolina Retirement Systems |
North Carolina Teachers and State Employees | 86,309.3 | 781,203 | 88.8 | 100.0 | North Carolina Retirement Systems |
Charlotte (NC) Firefighters' RS | 646.6 | 2,011 | 68.8 | 57.5 | Charlotte Firefighters' Retirement System |
Charlotte (NC) Law Enforcement | 0.0 | Charlotte (NC) Law Enforcement |
Source: Public Plans Database (as of 2024)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
Fiscal Year | NC | US |
---|---|---|
2001 | 2.2 | 2.9 |
2002 | 1.4 | 3.0 |
2003 | 1.5 | 3.4 |
2004 | 1.5 | 4.2 |
2005 | 1.6 | 3.8 |
2006 | 1.6 | 3.7 |
2007 | 1.5 | 3.9 |
2008 | 1.7 | 4.2 |
2009 | 1.7 | 4.4 |
2010 | 1.8 | 4.6 |
2011 | 2.2 | 4.9 |
2012 | 2.3 | 5.0 |
2013 | 2.1 | 5.2 |
2014 | 2.4 | 5.6 |
2015 | 2.4 | 5.8 |
2016 | 2.3 | 6.1 |
2017 | 2.2 | 6.1 |
2018 | 2.4 | 6.4 |
2019 | 2.7 | 6.2 |
2020 | 3.3 | 6.7 |
2021 | 3.2 | 6.3 |
2022 | 3.2 | 6.7 |
2023 | 4.8 | 6.9 |
2024 | 5.2 | 7.1 |