Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
North Dakota PERS | 3,635.8 | 46,593 | 67.8 | 61.4 | North Dakota Public Employees Retirement System |
North Dakota Teachers | 3,023.9 | 23,067 | 69.9 | 103.1 | North Dakota Teachers Fund for Retirement |
Bismarck Employees' Pension Plan | 116.1 | 843 | 82.5 | 162.2 | Bismarck Employees' Pension Plan |
Bismarck Police Plan | 47.8 | 252 | 79.4 | 258.4 | Bismarck Police Plan |
Source: Public Plans Database (as of 2022)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2022
Fiscal Year | ND | US |
---|---|---|
2001 | 1.6 | 2.9 |
2002 | 1.7 | 3.0 |
2003 | 1.7 | 3.4 |
2004 | 1.9 | 4.2 |
2005 | 2.3 | 3.8 |
2006 | 2.5 | 3.7 |
2007 | 2.4 | 3.9 |
2008 | 2.2 | 4.2 |
2009 | 2.1 | 4.4 |
2010 | 1.9 | 4.6 |
2011 | 2.0 | 4.9 |
2012 | 2.0 | 5.0 |
2013 | 2.2 | 5.2 |
2014 | 2.9 | 5.6 |
2015 | 3.6 | 5.8 |
2016 | 3.4 | 6.1 |
2017 | 3.6 | 6.0 |
2018 | 2.8 | 6.4 |
2019 | 2.6 | 6.2 |
2020 | 3.0 | 6.6 |
2021 | 3.4 | 6.3 |
2022 | 3.6 | 7.5 |