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 | 32,646.9 | 294,867 | 87.8 | 97.6 | North Carolina Retirement Systems |
North Carolina Teachers and State Employees | 86,391.0 | 727,397 | 86.8 | 100.0 | North Carolina Retirement Systems |
Charlotte (NC) Firefighters' RS | 676.3 | 1,897 | 76.9 | 66.5 | Charlotte Firefighters' Retirement System |
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 | NC | US |
---|---|---|
2001 | 1.6 | 2.9 |
2002 | 0.7 | 3.0 |
2003 | 0.8 | 3.4 |
2004 | 1.4 | 4.2 |
2005 | 1.5 | 3.8 |
2006 | 1.5 | 3.7 |
2007 | 1.5 | 3.9 |
2008 | 1.6 | 4.2 |
2009 | 1.7 | 4.4 |
2010 | 1.8 | 4.6 |
2011 | 2.5 | 4.9 |
2012 | 2.5 | 5.0 |
2013 | 2.3 | 5.2 |
2014 | 2.5 | 5.6 |
2015 | 2.4 | 5.8 |
2016 | 2.3 | 6.1 |
2017 | 2.1 | 6.0 |
2018 | 2.3 | 6.4 |
2019 | 2.9 | 6.2 |
2020 | 3.2 | 6.6 |
2021 | 3.7 | 6.8 |