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 | 2.5 | 2.9 |
| 2002 | 1.3 | 3.0 |
| 2003 | 1.2 | 3.4 |
| 2004 | 0.8 | 4.2 |
| 2005 | 1.0 | 3.8 |
| 2006 | 1.2 | 3.7 |
| 2007 | 1.4 | 3.9 |
| 2008 | 1.4 | 4.2 |
| 2009 | 1.7 | 4.4 |
| 2010 | 1.6 | 4.6 |
| 2011 | 2.0 | 4.9 |
| 2012 | 2.4 | 5.0 |
| 2013 | 2.8 | 5.2 |
| 2014 | 2.9 | 5.6 |
| 2015 | 2.9 | 5.8 |
| 2016 | 2.9 | 6.1 |
| 2017 | 3.1 | 6.0 |
| 2018 | 3.2 | 6.4 |
| 2019 | 3.7 | 6.2 |
| 2020 | 3.9 | 6.6 |
| 2021 | 7.5 | 6.8 |