North Carolina Retirement Systems Basics, by Plan
| Plan | Assets (millions) | Total Members |
|---|---|---|
| North Carolina Local Government | 31,205.1 | 244,393 |
| North Carolina Teachers and State Employees | 81,249.1 | 610,859 |
| Other Plans | 1,430.2 | 307,649 |
| Total | 113,884.4 | 1,162,901 |
Source: Public Plans Database (as of 2023)
Note: North Carolina Retirement Systems has 6 other plans.
Assets
Assets at Year-End
North Carolina Retirement Systems
2001-2023
| Fiscal Year | Net Assets (billions) |
|---|---|
| 2001 | 56.8 |
| 2002 | 53.4 |
| 2003 | 55.9 |
| 2004 | 60.9 |
| 2005 | 65.1 |
| 2006 | 68.0 |
| 2007 | 76.1 |
| 2008 | 72.8 |
| 2009 | 60.5 |
| 2010 | 65.4 |
| 2011 | 75.2 |
| 2012 | 74.7 |
| 2013 | 79.5 |
| 2014 | 89.7 |
| 2015 | 89.1 |
| 2016 | 87.1 |
| 2017 | 93.5 |
| 2018 | 97.6 |
| 2019 | 101.4 |
| 2020 | 103.2 |
| 2021 | 120.6 |
| 2022 | 110.1 |
| 2023 | 113.9 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year | North Carolina Retirement Systems | US State and Local Pensions |
|---|---|---|
| 2001 | 3.4 | 2.4 |
| 2002 | 3.4 | 2.3 |
| 2003 | 3.2 | 2.2 |
| 2004 | 3.1 | 2.1 |
| 2005 | 3.0 | 2.1 |
| 2006 | 3.0 | 2.0 |
| 2007 | 2.5 | 2.0 |
| 2008 | 2.5 | 1.9 |
| 2009 | 2.3 | 1.9 |
| 2010 | 2.2 | 1.8 |
| 2011 | 2.1 | 1.7 |
| 2012 | 2.1 | 1.6 |
| 2013 | 1.9 | 1.5 |
| 2014 | 1.9 | 1.4 |
| 2015 | 1.8 | 1.4 |
| 2016 | 1.7 | 1.4 |
| 2017 | 1.7 | 1.4 |
| 2018 | 1.6 | 1.3 |
| 2019 | 1.6 | 1.3 |
| 2020 | 1.5 | 1.3 |
| 2021 | 1.5 | 1.2 |
| 2022 | 1.4 | 1.2 |
| 2023 | 1.4 | 1.2 |
Membership for North Carolina Retirement Systems
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Cash Flows
2023 Cash Flows for North Carolina Retirement Systems (millions)
| Inflows | Outflows | Investment Gains (losses) | Change in Net Assets |
|---|---|---|---|
| 5,746.7 | 7,630.1 | 5,711.9 | 3,828.5 |
Cash Flow as a Percentage of Assets
North Carolina Retirement Systems
2001-2023
| Fiscal Year | North Carolina Retirement Systems | National Average |
|---|---|---|
| 2001 | -1.6 | -2.1 |
| 2002 | -2.1 | -2.0 |
| 2003 | -2.6 | -2.5 |
| 2004 | -2.7 | -2.0 |
| 2005 | -2.5 | -2.2 |
| 2006 | -2.6 | -2.2 |
| 2007 | -2.4 | -2.1 |
| 2008 | -2.6 | -2.3 |
| 2009 | -3.4 | -3.1 |
| 2010 | -3.4 | -3.2 |
| 2011 | -2.9 | -3.1 |
| 2012 | -2.8 | -3.3 |
| 2013 | -2.8 | -3.1 |
| 2014 | -2.6 | -2.9 |
| 2015 | -2.8 | -2.8 |
| 2016 | -3.1 | -3.0 |
| 2017 | -2.9 | -2.9 |
| 2018 | -2.8 | -2.6 |
| 2019 | -2.5 | -2.6 |
| 2020 | -2.4 | -2.4 |
| 2021 | -1.8 | -2.1 |
| 2022 | -1.8 | -2.1 |
| 2023 | -1.7 | -2.2 |