Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Vermont State Employees | 2,663.8 | 20,384 | 71.3 | 115.6 | Vermont State Employees Retirement System |
Vermont Teachers | 2,817.7 | 25,742 | 61.2 | 114.3 | Vermont Teachers Retirement System |
Burlington (VT) ERS | 2,623 | 66.3 | Burlington ERS | ||
Vermont Municipal Employees | 1,008.5 | 19,510 | 74.0 | 66.2 | Vermont Municipal Employees |
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 | VT | US |
---|---|---|
2001 | 2.2 | 2.9 |
2002 | 2.3 | 3.0 |
2003 | 2.2 | 3.4 |
2004 | 2.0 | 4.2 |
2005 | 1.9 | 3.8 |
2006 | 2.0 | 3.7 |
2007 | 1.8 | 3.9 |
2008 | 2.0 | 4.2 |
2009 | 2.1 | 4.4 |
2010 | 2.1 | 4.6 |
2011 | 2.9 | 4.9 |
2012 | 2.5 | 5.0 |
2013 | 2.8 | 5.2 |
2014 | 3.1 | 5.6 |
2015 | 3.4 | 5.8 |
2016 | 3.5 | 6.1 |
2017 | 3.3 | 6.1 |
2018 | 3.4 | 6.4 |
2019 | 3.7 | 6.2 |
2020 | 3.8 | 6.7 |
2021 | 3.5 | 6.3 |
2022 | 4.9 | 6.7 |
2023 | 5.3 | 6.9 |
2024 | 6.0 | 7.1 |