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 | 2,997.9 | 41,450 | 78.0 | 100.0 | Educational Employees' Supplementary Retirement System of Fairfax County |
Virginia RS | 97,365.5 | 671,094 | 81.4 | 100.0 | Virginia Retirement System |
Fairfax County (VA) ERS | 4,857.1 | 27,793 | 75.8 | 100.0 | Fairfax County Employees' Retirement System |
Fairfax County Police | 1,786.7 | 2,777 | 82.2 | 100.0 | Fairfax County Police |
Fairfax County Uniformed | 1,924.5 | 3,711 | 78.2 | 100.0 | Fairfax County Uniformed |
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 | VA | US |
---|---|---|
2001 | 1.8 | 2.9 |
2002 | 1.7 | 3.0 |
2003 | 1.7 | 3.4 |
2004 | 2.1 | 4.2 |
2005 | 2.4 | 3.8 |
2006 | 2.8 | 3.7 |
2007 | 2.8 | 3.9 |
2008 | 3.2 | 4.2 |
2009 | 3.4 | 4.4 |
2010 | 3.1 | 4.6 |
2011 | 3.2 | 4.9 |
2012 | 4.6 | 5.0 |
2013 | 4.7 | 5.2 |
2014 | 5.0 | 5.6 |
2015 | 5.3 | 5.8 |
2016 | 5.2 | 6.1 |
2017 | 4.9 | 6.0 |
2018 | 4.7 | 6.4 |
2019 | 4.4 | 6.2 |
2020 | 4.3 | 6.6 |
2021 | 4.3 | 6.3 |
2022 | 4.1 | 7.5 |