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 | 20,620.4 | 30,205 | 101.7 | 91.6 | Washington Department of Retirement Systems |
| Washington PERS Plan 2/3 | 62,510.9 | 292,547 | 97.3 | 99.9 | Washington Department of Retirement Systems |
| Washington School Employees Plan 2/3 | 9,428.6 | 114,557 | 92.5 | 100.0 | Washington Department of Retirement Systems |
| Washington Teachers Plan 2/3 | 25,065.1 | 122,716 | 92.0 | 100.0 | Washington Department of Retirement Systems |
| Seattle ERS | 4,010.6 | 21,023 | 75.8 | 100.5 | Seattle Employees Retirement System |
Source: Public Plans Database (as of 2023)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2023
| Fiscal Year | WA | US |
|---|---|---|
| 2001 | 2.0 | 2.9 |
| 2002 | 1.3 | 3.0 |
| 2003 | 0.8 | 3.4 |
| 2004 | 1.4 | 4.2 |
| 2005 | 1.8 | 3.8 |
| 2006 | 1.5 | 3.7 |
| 2007 | 2.0 | 3.9 |
| 2008 | 2.6 | 4.2 |
| 2009 | 3.3 | 4.4 |
| 2010 | 2.7 | 4.6 |
| 2011 | 2.7 | 4.9 |
| 2012 | 2.9 | 5.0 |
| 2013 | 2.8 | 5.2 |
| 2014 | 3.4 | 5.6 |
| 2015 | 4.1 | 5.8 |
| 2016 | 4.5 | 6.1 |
| 2017 | 4.3 | 6.0 |
| 2018 | 4.4 | 6.4 |
| 2019 | 4.8 | 6.2 |
| 2020 | 4.6 | 6.6 |
| 2021 | 4.4 | 6.3 |
| 2022 | 1.7 | 6.7 |
| 2023 | 4.3 | 6.6 |