Georgia Public Pension Plans
5 plans tracked by the Public Plans Database
What the Data Says About Georgia Public Pensions
Georgia currently sponsors 5 public pension plans tracked by the Public Plans Database (PPD), covering a combined 991,865 active employees and retirees across teacher, police-and-fire, judicial, municipal, and general state systems. The weighted average funded ratio across these 5 plans is 70.6%, with a combined unfunded liability of $41.10B. These disclosures derive from Form 5500 filings submitted to the Department of Labor and actuarial valuations reported through NASRA and Boston College's Center for Retirement Research.
Georgia's average funded ratio sits near or slightly below the national public-pension average of 72–75%, indicating moderate funding gaps that require sustained employer contributions and realistic assumption-setting to avoid erosion over the next economic cycle. The $41.10B unfunded liability represents the actuarial shortfall between projected obligations and current assets across all 5 plans, which flows through to state and local budgets over time as amortization payments.
Unlike private-sector pensions, which fall under ERISA and are backstopped by the Pension Benefit Guaranty Corporation (PBGC), Georgia's public plans rely on the full faith and credit of the sponsoring government entity. That distinction matters for the 991,865 Georgia workers and retirees covered by these systems: funding shortfalls are addressed through state and local budget decisions rather than federal insurance. This information summarizes official Public Plans Database disclosures and is provided for research and educational purposes only. It is not financial, legal, or retirement-planning advice; active and retired members with questions about their specific benefits should consult their plan administrator directly.
| Plan | Funded Ratio | Grade |
|---|---|---|
| Atlanta Police Fund | 85.1% | B |
| Georgia Teachers Retirement System | 78.5% | C |
| Atlanta General Employees Pension Fund | 69.9% | C |
| Atlanta Fire | 62.9% | C |
| Georgia Employees Retirement System | 56.9% | D |
Frequently Asked Questions
How many public pension plans does Georgia have?
Georgia has 5 public pension plans tracked by the Public Plans Database (PPD), covering 991,865 total members. These plans include state-level and local government retirement systems for teachers, police, firefighters, and general employees.
Is Georgia's pension system in crisis?
Georgia's public pension plans have an average funded ratio of 70.6% and a total unfunded liability of $41.10B. An average funded ratio in the 60–80% range indicates moderate underfunding that requires attention but is not yet at crisis levels. Data is sourced from the Boston College Center for Retirement Research.
What is the average funded ratio in Georgia?
The average funded ratio across all 5 public pension plans in Georgia is 70.6%, based on the most recent Public Plans Database data. A funded ratio of 100% means a plan has sufficient assets to meet all projected obligations. The national average for public pensions is approximately 72–75%. Individual plan ratios in Georgia vary — browse the table above to compare specific plans.
Read our methodology — how this data is sourced, computed, and verified.
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