Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
West Virginia PERS | 6,925.5 | 68,288 | 93.9 | 127.0 | West Virginia Consolidated Public Retirement Board |
West Virginia Teachers | 7,898.7 | 73,743 | 71.1 | 111.3 | West Virginia Consolidated Public Retirement Board |
Charleston, WV Firemen's Pension | 22.2 | 347 | 9.6 | 63.1 | Charleston, WV Firemen's Pension |
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 | WV | US |
---|---|---|
2001 | 5.8 | 2.9 |
2002 | 6.0 | 3.0 |
2003 | 5.7 | 3.4 |
2004 | 6.2 | 4.2 |
2005 | 8.6 | 3.8 |
2006 | 1.7 | 3.7 |
2007 | 1.5 | 3.9 |
2008 | 5.3 | 4.2 |
2009 | 5.4 | 4.4 |
2010 | 6.1 | 4.6 |
2011 | 6.7 | 4.9 |
2012 | 6.8 | 5.0 |
2013 | 6.9 | 5.2 |
2014 | 7.3 | 5.6 |
2015 | 7.1 | 5.8 |
2016 | 9.1 | 6.1 |
2017 | 7.4 | 6.0 |
2018 | 6.4 | 6.4 |