RSA administers pension and other benefits for most public employees in Alabama. The System consists of the Teachers' Retirement System; the Employees' Retirement System, which includes state employees, state police officers, and employees of political subdivisions that have elected to participate in the RSA; and the Judicial Retirement Fund.
Alabama ERS Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Alabama ERS |
12,999.2 |
169,664 |
| Other Plans |
297.5 |
17,334 |
| Total |
13,296.7 |
186,998 |
Source: Public Plans Database (as of 2022)
Note: Alabama ERS has 1 other plan.
Assets
Assets at Year-End
Alabama ERS
2001-2022
| Fiscal Year |
Net Assets (billions) |
| 2001 |
7.5 |
| 2002 |
6.6 |
| 2003 |
7.4 |
| 2004 |
8.0 |
| 2005 |
8.7 |
| 2006 |
9.2 |
| 2007 |
10.7 |
| 2008 |
8.9 |
| 2009 |
7.9 |
| 2010 |
8.4 |
| 2011 |
8.3 |
| 2012 |
9.4 |
| 2013 |
10.3 |
| 2014 |
11.2 |
| 2015 |
10.8 |
| 2016 |
11.5 |
| 2017 |
12.4 |
| 2018 |
13.0 |
| 2019 |
12.9 |
| 2020 |
13.5 |
| 2021 |
15.8 |
| 2022 |
13.3 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Alabama ERS |
US State and Local Pensions |
| 2001 |
2.9 |
2.4 |
| 2002 |
2.9 |
2.3 |
| 2003 |
3.2 |
2.2 |
| 2004 |
2.8 |
2.1 |
| 2005 |
2.7 |
2.1 |
| 2006 |
2.6 |
2.0 |
| 2007 |
2.6 |
2.0 |
| 2008 |
2.6 |
1.9 |
| 2009 |
2.5 |
1.9 |
| 2010 |
2.4 |
1.8 |
| 2011 |
2.3 |
1.7 |
| 2012 |
2.2 |
1.6 |
| 2013 |
2.4 |
1.5 |
| 2014 |
2.2 |
1.4 |
| 2015 |
2.1 |
1.4 |
| 2016 |
1.9 |
1.4 |
| 2017 |
1.9 |
1.4 |
| 2018 |
1.8 |
1.3 |
| 2019 |
1.8 |
1.3 |
| 2020 |
1.6 |
1.3 |
| 2021 |
1.6 |
1.2 |
| 2022 |
1.5 |
1.2 |
2022 Membership for Alabama ERS
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 84,939 |
55,867 |
25,065 |
186,998 |
1,141 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Alabama ERS
2001-2022
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-157.2 |
7,459.9 |
| 2002 |
-162.5 |
6,617.7 |
| 2003 |
-148.0 |
7,429.5 |
| 2004 |
-159.9 |
8,017.3 |
| 2005 |
-179.7 |
8,697.9 |
| 2006 |
-174.1 |
9,248.3 |
| 2007 |
-207.3 |
10,672.2 |
| 2008 |
-190.2 |
8,869.5 |
| 2009 |
-92.4 |
7,890.0 |
| 2010 |
-210.6 |
8,398.0 |
| 2011 |
-256.4 |
8,340.6 |
| 2012 |
-382.9 |
9,424.6 |
| 2013 |
-405.0 |
10,348.3 |
| 2014 |
-405.1 |
11,161.0 |
| 2015 |
-458.4 |
10,815.8 |
| 2016 |
-438.0 |
11,459.1 |
| 2017 |
-468.9 |
12,425.0 |
| 2018 |
-505.9 |
13,037.7 |
| 2019 |
-488.3 |
12,881.0 |
| 2020 |
-158.7 |
13,469.1 |
| 2021 |
-549.0 |
15,844.8 |
| 2022 |
-550.9 |
13,296.7 |
2022 Cash Flows for Alabama ERS (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 897.7 |
1,448.6 |
-1,997.2 |
-2,548.1 |
Cash Flow as a Percentage of Assets
Alabama ERS
2001-2022
| Fiscal Year |
Alabama ERS |
National Average |
| 2001 |
-2.1 |
-2.1 |
| 2002 |
-2.5 |
-2.4 |
| 2003 |
-2.0 |
-2.6 |
| 2004 |
-2.0 |
-2.0 |
| 2005 |
-2.1 |
-2.2 |
| 2006 |
-1.9 |
-2.2 |
| 2007 |
-1.9 |
-2.1 |
| 2008 |
-2.1 |
-2.3 |
| 2009 |
-1.2 |
-3.1 |
| 2010 |
-2.5 |
-3.2 |
| 2011 |
-3.1 |
-3.1 |
| 2012 |
-4.1 |
-3.3 |
| 2013 |
-3.9 |
-3.1 |
| 2014 |
-3.6 |
-2.9 |
| 2015 |
-4.2 |
-2.8 |
| 2016 |
-3.8 |
-3.0 |
| 2017 |
-3.8 |
-2.9 |
| 2018 |
-3.9 |
-2.6 |
| 2019 |
-3.8 |
-2.6 |
| 2020 |
-1.2 |
-2.4 |
| 2021 |
-3.5 |
-2.1 |
| 2022 |
-4.1 |
-2.1 |
