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 | 19,638.7 | 27,372 | 104.0 | 100.0 | Washington Department of Retirement Systems |
Washington PERS 2/3 | 59,063.6 | 269,101 | 95.0 | 99.9 | Washington Department of Retirement Systems |
Washington School Employees Plan 2/3 | 8,661.0 | 102,801 | 91.0 | 100.1 | Washington Department of Retirement Systems |
Washington Teachers Plan 2/3 | 22,784.5 | 114,301 | 90.0 | 100.0 | Washington Department of Retirement Systems |
Seattle ERS | 4,134.8 | 19,619 | 75.0 | 100.4 | Seattle Employees Retirement System |
Source: Public Plans Database (as of 2021)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2021
Fiscal Year | WA | US |
---|---|---|
2001 | 1.4 | 2.9 |
2002 | 0.7 | 3.0 |
2003 | 0.2 | 3.4 |
2004 | 0.4 | 4.2 |
2005 | 0.4 | 3.8 |
2006 | 0.4 | 3.7 |
2007 | 1.0 | 3.9 |
2008 | 1.6 | 4.2 |
2009 | 2.0 | 4.4 |
2010 | 1.5 | 4.6 |
2011 | 1.6 | 4.9 |
2012 | 2.0 | 5.0 |
2013 | 2.0 | 5.2 |
2014 | 2.5 | 5.6 |
2015 | 3.7 | 5.8 |
2016 | 5.1 | 6.1 |
2017 | 5.1 | 6.0 |
2018 | 5.4 | 6.4 |
2019 | 5.5 | 6.2 |
2020 | 5.5 | 6.6 |
2021 | 5.0 | 6.8 |