FY 23 Statistics

Pod

ERS

Assets

  • $14.7 billion

Employer Contribution

  • Old Plan: 26.26%
  • New Plan: 31.01%
  • GSEPS: 27.47%

‚Äč($878.2 million)

Employee Contribution

  • Old Plan: 6% (with 4.75% pickup)
  • New Plan: 1.25%
  • GSEPS: 1.25%

($41.6 million)

Active Members

  • Old Plan: (0.02%) 13
  • New Plan: (28.15%) 15,423
  • GSEPS: 63.41%) 39,365
  • Total: 54,781

Inactives

  • 73,629

Retirees

  • Total: 54,862
  • Service: 42,373
  • Beneficiary: 6,615
  • Disability: 5,354
  • Involuntarily Separated: 371
  • Law Enforcement: 143
  • SGLI: 6

Annual Payment

  • $1.5 billion

Average Monthly Benefit

  • All: $2,201

PSERS

Assets

  • $1.1 billion

Employer Contribution

  • $35.2 million

Employee Contribution

  • $36/year prior to July 1, 2012
  • $90/year after July 1, 2012

($2.3 million)

Active Members

  • 32,511

Inactives

  • 56,296

Retirees

  • 20,141

Annual Payment

  • $70.8 million

Average Benefit

  • $293

GJRS

Assets

  • $547.0 million

Employer Contribution

  • 8.03% ($5.3 million)

Employee Contribution

  • 7.5% + 2.5% Spousal, if applicable ($6.0 million)

Active Members

  • 550

Inactives

  • 79

Retirees

  • 476

Annual Payment

  • $35.0 million

Average Benefit

  • $6,194

LRS

Assets

  • $38.3 million

Employer Contribution

  • 0% (none)

Employee Contribution

  • Non-Speaker of the house: $165 per month  (with 4.75% pickup)
  • Speaker of the House: $825 per month

($494,000)

Active Members

  • 221

Inactives

  • 184

Retirees

  • 296

Annual Payment

  • $1.8 million

Average Benefit

  • $533

GDCP

Assets

  • $143.1 million

Employer Contribution

  • None

Employee Contribution

  • 7.5% ($16.6 million)

Active Members

  • 12,930

Inactives

  • 127,830

Retirees

  • 2

Annual Payment

  • 10,000

Average Benefit

  • $4,925

SCJRF

Assets

  • $6,000

Employer Contribution

  • $235,000

Employee Contribution

  • None

Active Members

  • None

Inactives

  • None

Retirees

  • 3

Annual Payment

  • $235,000

Average Benefit

  • $4,778

DARF

Assets

  • $2,000

Employer Contribution

  • $23,000

Employee Contribution

  • None

Active Members

  • None

Inactives

  • None

Retirees

  • 2

Annual Payment

  • $23,000

Average Benefit

  • $947

SEAD

Assets

  • $1.8 billion

Employer Contribution

  • None

Employee Contribution

  • New Plan: 0.23%
  • Old Plan: 0.45%

($2.6 million)

Active Members

  • Number Insured: 15,518

Inactives

  • 1,061

Retirees

  • Number Insured: 44,212

Annual Payment

  • Number of Claims: 1,360
  • Amount Paid: $53.8 million

Average Benefit

  • $39,557

GMPF

Assets

  • $39.8 million

Employer Contribution

  • $2.8 million

Employee Contribution

  • None

Active Members

  • 13,913

Inactives

  • 3,785

Retirees

  • 1,555

Annual Payment

  • $1.6 million

Average Benefit

  • $88

Total of all Systems

Active Members

  • 114,906

Inactive

  • 261,443

Retirees

  • 77,339