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 | 3,843.9 | 48,033 | 66.9 | 53.3 | North Dakota Public Employees Retirement System |
North Dakota Teachers | 3,173.9 | 23,391 | 71.2 | 105.2 | North Dakota Teachers Fund for Retirement |
Bismarck Employees' Pension Plan | 124.7 | 887 | 86.6 | 106.5 | Bismarck Employees' Pension Plan |
Bismarck Police Plan | 52.2 | 253 | 83.4 | 106.5 | Bismarck Police Plan |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2023
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 | 2.3 | 3.9 |
2008 | 2.2 | 4.2 |
2009 | 2.1 | 4.4 |
2010 | 1.9 | 4.6 |
2011 | 2.0 | 4.9 |
2012 | 1.9 | 5.0 |
2013 | 2.0 | 5.2 |
2014 | 2.7 | 5.6 |
2015 | 3.6 | 5.8 |
2016 | 3.4 | 6.1 |
2017 | 3.9 | 6.0 |
2018 | 3.1 | 6.4 |
2019 | 2.6 | 6.2 |
2020 | 3.0 | 6.6 |
2021 | 3.4 | 6.3 |
2022 | 2.6 | 6.7 |
2023 | 2.1 | 6.6 |