Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Washington LEOFF Plan 2 | 14,240.1 | 25,590 | 111.0 | 110.3 | Washington Department of Retirement Systems |
Washington PERS 2/3 | 42,536.8 | 250,461 | 96.0 | 92.8 | Washington Department of Retirement Systems |
Washington School Employees Plan 2/3 | 6,119.2 | 99,080 | 91.0 | 93.6 | Washington Department of Retirement Systems |
Washington Teachers Plan 2/3 | 15,945.0 | 108,122 | 91.0 | 94.4 | Washington Department of Retirement Systems |
Seattle ERS | 3,149.9 | 19,281 | 68.9 | 104.3 | Seattle Employees Retirement System |
Source: Public Plans Database (as of 2019)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2018
Fiscal Year | WA | US |
---|---|---|
2001 | 2.3 | 2.9 |
2002 | 1.3 | 3.0 |
2003 | 0.6 | 3.4 |
2004 | 0.8 | 4.2 |
2005 | 0.8 | 3.8 |
2006 | 1.1 | 3.7 |
2007 | 1.7 | 3.9 |
2008 | 2.3 | 4.2 |
2009 | 3.3 | 4.4 |
2010 | 2.5 | 4.6 |
2011 | 2.4 | 4.9 |
2012 | 2.8 | 5.0 |
2013 | 2.7 | 5.2 |
2014 | 3.4 | 5.6 |
2015 | 3.5 | 5.8 |
2016 | 4.1 | 6.1 |
2017 | 3.8 | 6.0 |
2018 | 4.1 | 6.4 |