| Asset gain and interest
percentage attached to teachers' fund |
| STATE |
Avg. % pension fund |
Avg. % interest attached to |
Retired teachers covered by legislation |
|
asset gain1992-2001 |
each teacher's fund 1992-2001 |
to benefit active teachers? |
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| States |
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| Alabama |
14.9734% |
5.6% |
Only if stated in the legislation. |
| Alaska |
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| Arizona |
|
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| Arkansas |
8.5% |
6% |
? |
| California |
14.9734% |
5.6% |
Only if stated in the legislation. |
| Colorado |
10.8% |
6.8% |
Only if stated in the legislation. |
| Connecticut |
10.78% |
10.37% |
Applied prospectively unless otherwise stated. |
| Delaware |
Information available to residents. |
Information available to residents. |
Only if stated in the legislation. |
| Florida |
12.2% |
NA |
Only if stated in the legislation. |
| Georgia |
|
|
Only if stated in the legislation. |
| Hawaii |
8.8% |
4.5% |
Only if stated in the legislation. |
| Idaho |
22.6% |
6.01% |
Only if stated in the legislation. |
| Illinois |
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| Indiana |
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| Iowa |
12.04% |
1% above I year CD rate |
Generally, no. |
| Kansas |
7.4% |
N/A (defined benefit accounts) |
Only if stated in the legislation. |
| Kentucky |
|
3% |
|
| Louisiana |
9.04% |
no interest credited to member's acct. |
Only if stated in the legislation. |
| Maine |
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| Maryland |
10.3% |
5% |
Only if stated in the legislation. |
| Massachusetts |
10.71% |
2.5% |
No |
| Michigan |
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| Minnesota |
15.5% |
N/A (defined benefit accounts) |
Only if stated in the legislation. |
| Mississippi |
10.8% |
3.5% |
Only if stated in the legislation. |
| Missouri |
9.69% |
6 |
Historically, No |
| Montana |
|
5.75% |
|
| Nebraska |
9.03% |
Based on 52 week Treasury rate |
No |
| Nevada |
9.10% |
NA |
Only if stated in the legislation. |
| New Hampshire |
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| New Jersey |
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| New Mexico |
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| New York |
12.2% |
5% by statute |
No |
| North Carolina |
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| North Dakota |
8.19% |
6% by statute |
Only if stated in the legislation. |
| Ohio |
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| Oklahoma |
11% |
8% |
No |
| Oregon |
12.4% |
8% |
Only if stated in the legislation. |
| Pennsylvania |
11.38% |
4% |
Only if stated in the legislation. |
| Rhode Island |
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| South Carolina |
|
6% |
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| South Dakota |
13.4% |
5% |
Yes |
| Tennessee |
10.07% |
5% |
Yes |
| Texas |
12.2% |
5% |
? |
| Utah |
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? |
| Vermont |
|
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No |
| Virginia |
12% |
4% |
Only if stated in the legislation. |
| Washington |
12% |
5.5%/some defined contrib. accts. |
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| West Virginia |
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Only if stated in the legislation. |
| Wisconsin |
12.2% |
12.2% |
Only if stated in the legislation. |
| Wyoming |
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No |
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