Major pension plans in the state
| Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
|---|---|---|---|---|---|
| Fairfax County Schools | 3,213.4 | 44,779 | 78.5 | 100.0 | Educational Employees' Supplementary Retirement System of Fairfax County |
| Virginia RS | 105,579.4 | 619,473 | 82.6 | 106.7 | Virginia Retirement System |
| Fairfax County (VA) ERS | 4,996.0 | 29,186 | 71.4 | 100.0 | Fairfax County Employees' Retirement System |
| Fairfax County Police | 1,828.7 | 2,893 | 78.9 | 100.0 | Fairfax County Police |
| Fairfax County Uniformed | 2,185.3 | 3,812 | 76.4 | 100.0 | Fairfax County Uniformed |
| Arlington County ERS | 3,280.6 | 8,805 | 111.0 | 100.0 | Arlington County Employees’ Retirement System |
Source: Public Plans Database (as of 2024)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2024
| Fiscal Year | VA | US |
|---|---|---|
| 2001 | 1.8 | 2.9 |
| 2002 | 1.7 | 3.0 |
| 2003 | 1.7 | 3.4 |
| 2004 | 2.2 | 4.2 |
| 2005 | 2.5 | 3.8 |
| 2006 | 2.9 | 3.7 |
| 2007 | 2.8 | 3.9 |
| 2008 | 3.3 | 4.2 |
| 2009 | 3.5 | 4.4 |
| 2010 | 3.3 | 4.6 |
| 2011 | 3.4 | 4.9 |
| 2012 | 4.6 | 5.0 |
| 2013 | 4.6 | 5.2 |
| 2014 | 4.8 | 5.6 |
| 2015 | 5.4 | 5.8 |
| 2016 | 5.3 | 6.1 |
| 2017 | 4.8 | 6.1 |
| 2018 | 4.7 | 6.4 |
| 2019 | 4.3 | 6.2 |
| 2020 | 4.3 | 6.7 |
| 2021 | 4.2 | 6.3 |
| 2022 | 3.9 | 6.7 |
| 2023 | 4.8 | 6.9 |
| 2024 | 5.3 | 7.1 |