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 | 27,135.9 | 275,908 | 90.0 | 104.3 | North Carolina Retirement Systems |
North Carolina Teachers and State Employees | 72,959.4 | 695,414 | 86.4 | 100.0 | North Carolina Retirement Systems |
Charlotte Firefighters' RS | 558.9 | 1,812 | 82.7 | 69.7 | Charlotte Firefighters' Retirement System |
Source: Public Plans Database (as of 2019)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2018
Fiscal Year | NC | US |
---|---|---|
2001 | 2.5 | 2.9 |
2002 | 1.3 | 3.0 |
2003 | 0.9 | 3.4 |
2004 | 0.8 | 4.2 |
2005 | 1.0 | 3.8 |
2006 | 1.2 | 3.7 |
2007 | 1.3 | 3.9 |
2008 | 1.4 | 4.2 |
2009 | 1.7 | 4.4 |
2010 | 1.6 | 4.6 |
2011 | 2.0 | 4.9 |
2012 | 2.0 | 5.0 |
2013 | 2.8 | 5.2 |
2014 | 2.9 | 5.6 |
2015 | 2.9 | 5.8 |
2016 | 2.8 | 6.1 |
2017 | 3.1 | 6.0 |
2018 | 3.2 | 6.4 |