Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Ohio PERS | 98,024.7 | 1,160,478 | 82.6 | 100.0 | Ohio Public Employees Retirement System |
Ohio Police & Fire | 16,411.1 | 63,666 | 71.2 | 100.0 | Ohio Police & Fire Pension Fund |
Ohio School Employees | 14,203.0 | 243,084 | 71.9 | 100.0 | Ohio School Employees Retirement System |
Ohio Teachers | 72,728.4 | 344,256 | 77.2 | 153.7 | Ohio State Teachers Retirement System |
Cincinnati ERS | 1,576.2 | 6,788 | 71.2 | 54.3 | Cincinnati Employees Retirement System |
Source: Public Plans Database (as of 2020)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2019
Fiscal Year | OH | US |
---|---|---|
2001 | 6.0 | 2.9 |
2002 | 7.0 | 3.0 |
2003 | 6.8 | 3.4 |
2004 | 6.6 | 4.2 |
2005 | 5.9 | 3.8 |
2006 | 5.7 | 3.7 |
2007 | 5.5 | 3.9 |
2008 | 4.4 | 4.2 |
2009 | 4.5 | 4.4 |
2010 | 5.0 | 4.6 |
2011 | 4.9 | 4.9 |
2012 | 4.9 | 5.0 |
2013 | 4.5 | 5.2 |
2014 | 5.2 | 5.6 |
2015 | 5.3 | 5.8 |
2016 | 5.5 | 6.1 |
2017 | 5.8 | 6.0 |
2018 | 5.3 | 6.4 |
2019 | 5.5 | 6.2 |