Plan Data | Public Plans Data

Charleston (WV) Police Basics

Established
Currently closed to new hires
Plan covers police and/or fire
Plan members covered by Social Security
Single employer

Assets, Participants, and Benefits

State and local government pension benefits are paid from trust funds to which public employees and their employers contributed while they were working, not from general operating revenues. Trust fund assets are invested and grow over time. The combined value of defined benefit plan assets held by state and local governments as of Q2 2022 decreased to $5.3 trillion, from $5.7 trillion as of Q2 2021 (Federal Reserve Flow of Funds, June 2023). PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Assets at Year-End, Charleston (WV) Police, 2001-2022

Fiscal Year	Net Assets (billions)
2001	null
2002	null
2003	null
2004	null
2005	0.01
2006	0.01
2007	0.02
2008	0.01
2009	0.01
2010	0.01
2011	0.01
2012	0.01
2013	0.01
2014	0.02
2015	0.02
2016	0.02
2017	0.02
2018	0.02
2019	0.02
2020	0.03
2021	0.03
2022	0.03

Source: Public Plans Database

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State and local employees make up around 10-15 percent of the US workforce. About a quarter of public sector workers are covered by a public pension in lieu of Social Security, including nearly half of all teachers and over two-thirds of firefighters and public safety officers. Public employees live in every city and county in the nation; more than 90 percent retire in the same jurisdiction where they worked. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Number of Actives per Annuitant, 2001-2022

Fiscal Year	Charleston (WV) Police	US State and Local Pensions
2001	null	2.4
2002	null	2.3
2003	0.9	2.2
2004	0.9	2.1
2005	0.8	2.1
2006	0.9	2.0
2007	0.9	2.0
2008	0.9	1.9
2009	0.9	1.9
2010	0.9	1.8
2011	0.8	1.7
2012	0.7	1.6
2013	0.6	1.5
2014	0.6	1.4
2015	0.5	1.4
2016	0.5	1.4
2017	0.5	1.4
2018	0.5	1.3
2019	0.4	1.3
2020	0.4	1.3
2021	0.4	1.2
2022	0.3	1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Membership for Charleston (WV) Police

Actives	Beneficiaries	Total Membership
77	224	304

Source: Public Plans Database

Costs

The Annual Required Contribution (ARC) is the amount needed to finance benefits accrued each year, plus the cost to amortize unfunded liabilities from past years, minus required employee contributions. It is a projection that matches a yearly payment amount to a particular amortization period, taking into consideration an assortment of assumptions adopted by the plan. In practice, all plans do not calculate the ARC in the same manner. Assumptions used to calculate the ARC reflect actual plan experience, including investment return , actuarial cost, salary growth, total payroll growth and mortality, as well as an adopted amortization method. These assumptions and methods will differ from one plan another, so caution should be taken when comparing ARC between plans. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Charleston (WV) Police, 2001-2022

Fiscal Year	Portion of Employer ARC paid	Portion of Employer ARC left unpaid	US Avg Employer ARC	ARC as a Percent of Payroll
2001	null	null	13.5	null
2002	null	null	14.9	null
2003	null	null	19.3	null
2004	null	null	20.1	null
2005	18.5	29.0	24.8	47.6
2006	18.9	23.1	26.3	42.0
2007	19.1	27.5	27.8	46.6
2008	20.6	61.7	30.0	82.3
2009	21.4	64.3	32.9	85.8
2010	22.9	61.8	33.1	84.6
2011	25.3	59.0	35.0	84.3
2012	46.7	38.2	36.8	85.0
2013	null	null	37.5	null
2014	78.1	22.3	34.3	100.4
2015	83.2	23.5	34.4	106.6
2016	100.8	46.1	35.3	146.9
2017	109.0	38.0	34.0	147.1
2018	106.1	41.6	35.1	147.7
2019	110.2	64.8	36.7	175.1
2020	123.5	67.3	35.7	190.8
2021	148.1	72.3	37.3	220.3
2022	152.0	33.1	37.4	185.1

Note: The employer's annual required contribution as a percent of payroll is calculated by dividing the dollar amount reported in the schedule of employer contributions by the covered payroll reported in the schedule of funding. The U.S. Average Employer data reflects the average for plans of similar type and social Security coverage to the plan.

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

While funded ratios among pension plans vary substantially, in the aggregate, public pension funding levels rose steadily during the 1990s, due largely to strong returns in global equity markets. Since then, sharp market downturns in 2000-02 and 2008-09 negatively affected asset values and increased unfunded pension liabilities and required contributions. A combination of the market downturns, insufficient contributions (for some plans), and increased benefit levels (also for some plans) resulted in a decline in aggregate funding level between 2001 and 2012, and has since remained relatively stable.

Actuarial Funded Ratio for Charleston (WV) Police, 2001-2022

Fiscal Year	Charleston (WV) Police	National Data
2001	19.0	101.7
2002	19.7	94.8
2003	16.2	89.0
2004	16.4	87.2
2005	15.0	85.4
2006	16.1	85.3
2007	16.3	86.3
2008	17.3	84.4
2009	11.5	78.4
2010	8.2	75.7
2011	8.4	74.3
2012	8.2	72.3
2013	null	71.9
2014	null	73.2
2015	null	73.2
2016	10.0	71.6
2017	11.6	72.1
2018	12.3	72.4
2019	13.2	72.5
2020	15.7	72.7
2021	18.0	76.2
2022	23.5	77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

The major asset allocation classes presented in the PPD are generated from the specific asset classes that plans report. For consistent reporting in the PPD, the individual asset classes reported by plans are categorized as one of eight major asset classes: equity, fixed income, real estate, private equity, hedge funds, commodities, misc. alternative assets, cash, and other. For more details on the PPD allocation data please see documentation.

Asset Allocation for Charleston (WV) Police, 2022

Category	Percent
Equities	null
Fixed Income	null
Private Equity	null
Real Estate	null
Cash	null
Other	null
Commodities	null
Hedge Fund	null
Misc. Alternatives	null

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category	Percent
Equities	42.7
Fixed Income	20.8
Private Equity	13.0
Real Estate	10.2
Cash	2.1
Other	0.6
Commodities	2.3
Hedge Fund	6.5
Misc. Alternatives	1.8

Note: The most recent year of data contains virtually all the plans in the PPD.

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Charleston (WV) Police, 2011-2022

Fiscal Year	Equities	Fixed Income	Private Equity	Real Estate	Cash	Other	Commodities	Hedge Fund	Misc. Alternatives
2011	null	null	null	null	null	null	null	null	null
2012	null	null	null	null	null	null	null	null	null
2013	null	null	null	null	null	null	null	null	null
2014	null	null	null	null	null	null	null	null	null
2015	null	null	null	null	null	null	null	null	null
2016	null	null	null	null	null	null	null	null	null
2017	null	null	null	null	null	null	null	null	null
2018	null	null	null	null	null	null	null	null	null
2019	null	null	null	null	null	null	null	null	null
2020	null	null	null	null	null	null	null	null	null
2021	null	null	null	null	null	null	null	null	null
2022	null	null	null	null	null	null	null	null	null

Source: Public Plans Database

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Annual Return as of June 30 for Charleston (WV) Police, 2001-2022

Fiscal Year	Charleston (WV) Police	Assumed return
2001	null	null
2002	null	null
2003	null	6.25
2004	null	6.25
2005	2.72	6.50
2006	4.35	6.50
2007	13.92	7.00
2008	-6.08	7.00
2009	-16.89	7.00
2010	8.95	5.00
2011	14.00	5.00
2012	-1.59	5.00
2013	6.08	4.79
2014	10.65	4.79
2015	6.50	5.00
2016	4.75	4.50
2017	11.14	4.50
2018	8.08	4.50
2019	6.33	4.50
2020	1.80	4.50
2021	24.42	4.50
2022	-6.60	6.00

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page. The FYE date for the majority of plans is either June 30th or December 31st. Those with FYE dates that do not fall on either of those two dates are compared with the June 30th plans. The PPD average return includes plans that report gross returns and returns net of fees.

Source: Public Plans Database

National data averages are weighted by plan size.

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Annualized 5-Year Return

Charleston (WV) Police	PPD Sample
6.3	7.8

Annualized 10-Year Return

Charleston (WV) Police	PPD Sample
7.1	8.5

Cash Flows

Cash Flow vs. Total Assets (Millions)
Charleston (WV) Police
2001-2022

Fiscal Year	Cash Flow	Assets
2001	null	null
2002	null	null
2003	null	null
2004	null	null
2005	-0.4	14.0
2006	-0.5	14.2
2007	-0.5	15.6
2008	-0.6	14.1
2009	-0.9	10.9
2010	-0.9	10.9
2011	-0.9	11.4
2012	0.5	11.8
2013	0.6	13.1
2014	0.7	15.2
2015	0.1	16.1
2016	0.3	17.1
2017	1.1	20.0
2018	0.8	22.4
2019	0.9	24.6
2020	1.1	26.0
2021	1.1	33.4
2022	0.6	32.3

Source: Public Plans Database

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2022 Cash Flows for Charleston (WV) Police (millions)

Inflows	Outflows	Investment Gains (losses)	Change in Net Assets
8.7	8.1	-1.7	-1.1

Source: Public Plans Database

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Cash Flow as a Percentage of Assets
Charleston (WV) Police
2001-2022

Fiscal Year	Charleston (WV) Police	National Average
2001	null	-2.0
2002	null	-2.4
2003	null	-2.6
2004	null	-1.8
2005	-2.8	-2.2
2006	-3.3	-2.2
2007	-3.3	-2.0
2008	-4.0	-2.2
2009	-8.3	-3.1
2010	-8.3	-3.2
2011	-8.1	-3.0
2012	4.4	-3.2
2013	4.8	-3.1
2014	4.5	-2.9
2015	0.5	-2.7
2016	2.0	-2.9
2017	5.3	-2.8
2018	3.7	-2.4
2019	3.5	-2.4
2020	4.1	-2.3
2021	3.3	-2.0
2022	2.0	-1.9

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Source: Public Plans Database

National data averages are weighted by plan size.

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Plan Data: Charleston (WV) Police

Charleston (WV) Police Basics

Assets, Participants, and Benefits

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2022 Membership for Charleston (WV) Police

Costs

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Actuarial Funding

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Investments

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Annualized 5-Year Return

Annualized 10-Year Return

Cash Flows

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2022 Cash Flows for Charleston (WV) Police (millions)

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2022 Financial Reports

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