South Carolina Police Basics

  • Established 1962
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, South Carolina Police, 2001-2022

Fiscal Year Net Assets (billions)
2001 2.23
2002 2.27
2003 2.46
2004 2.66
2005 2.82
2006 2.95
2007 3.30
2008 3.20
2009 2.53
2010 2.85
2011 3.32
2012 3.27
2013 3.53
2014 3.99
2015 3.97
2016 3.88
2017 4.27
2018 4.57
2019 4.82
2020 4.73
2021 6.11
2022 5.94

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year South Carolina Police US State and Local Pensions
2001 3.6 2.4
2002 3.1 2.3
2003 2.8 2.2
2004 2.6 2.1
2005 2.5 2.1
2006 2.4 2.0
2007 2.4 2.0
2008 2.3 1.9
2009 2.2 1.9
2010 2.1 1.8
2011 2.0 1.7
2012 1.8 1.6
2013 1.7 1.5
2014 1.7 1.4
2015 1.6 1.4
2016 1.5 1.4
2017 1.5 1.4
2018 1.5 1.3
2019 1.4 1.3
2020 1.4 1.3
2021 1.3 1.2
2022 1.3 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for South Carolina 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 12.4 0.0 13.5 12.4
2002 11.7 0.0 14.9 11.7
2003 10.8 0.0 19.3 10.8
2004 10.7 0.0 20.1 10.7
2005 10.6 0.0 24.8 10.6
2006 10.8 0.0 26.3 10.8
2007 10.8 0.0 27.8 10.8
2008 10.8 0.0 30.0 10.8
2009 11.5 0.0 32.9 11.5
2010 11.4 0.0 33.1 11.4
2011 11.9 0.0 35.0 11.9
2012 13.2 0.0 36.8 13.2
2013 13.9 0.0 37.5 13.9
2014 14.4 0.0 34.3 14.4
2015 15.1 0.0 34.4 15.1
2016 14.8 0.0 35.3 14.8
2017 15.2 0.0 34.0 15.2
2018 17.2 0.0 35.1 17.2
2019 18.2 0.0 36.7 18.2
2020 19.1 0.0 35.7 19.1
2021 19.2 0.0 37.3 19.2
2022 20.1 0.0 37.4 20.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for South Carolina Police, 2001-2022

Fiscal Year South Carolina Police National Data
2001 94.6 101.7
2002 93.0 94.8
2003 91.5 89.0
2004 87.7 87.2
2005 87.4 85.4
2006 84.7 85.3
2007 84.7 86.3
2008 77.9 84.4
2009 76.3 78.4
2010 74.5 75.7
2011 72.8 74.3
2012 71.1 72.3
2013 69.2 71.9
2014 69.5 73.2
2015 69.2 73.2
2016 66.3 71.6
2017 63.0 72.1
2018 63.1 72.4
2019 62.7 72.5
2020 62.5 72.7
2021 64.3 76.2
2022 65.4 77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for South Carolina Police, 2022

Category Percent
Equities 39.6
Fixed Income 5.6
Private Equity 23.9
Real Estate 13.4
Cash 4.2
Other 0.0
Commodities 0.0
Hedge Fund 13.3
Misc. Alternatives 0.0

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

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for South Carolina Police, 2001-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 21.7 78.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 25.9 74.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2003 34.2 65.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2004 41.3 58.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2005 41.8 57.0 0.0 0.0 1.2 0.0 0.0 0.0 0.0
2006 49.3 49.7 0.0 0.0 1.0 0.0 0.0 0.0 0.0
2007 50.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2008 47.9 41.6 1.0 0.0 0.8 0.0 0.0 8.7 0.0
2009 32.8 34.8 2.5 0.6 13.1 0.0 0.0 16.1 0.0
2010 27.3 27.4 4.3 0.6 14.2 0.0 0.0 26.2 0.0
2011 32.4 22.4 7.1 0.8 7.3 0.0 1.9 28.1 0.0
2012 24.3 18.0 9.1 2.5 15.5 0.0 2.7 27.9 0.0
2013 28.3 23.3 9.6 3.7 10.7 0.0 2.7 21.8 0.0
2014 30.9 16.6 14.6 3.6 6.7 0.0 2.1 25.5 0.0
2015 32.3 15.9 14.5 4.0 3.6 0.0 3.0 26.8 0.0
2016 31.7 13.9 15.5 7.1 2.1 0.0 4.2 25.6 0.0
2017 35.1 15.2 13.5 7.2 2.0 5.2 1.4 20.5 0.0
2018 36.7 15.2 13.6 8.5 0.0 7.0 2.0 17.0 0.0
2019 35.1 17.2 13.1 7.4 8.9 0.0 0.4 17.9 0.0
2020 42.1 11.6 13.5 9.4 11.6 0.0 1.1 10.7 0.0
2021 48.9 7.8 18.2 9.6 3.8 0.0 0.0 11.7 0.0
2022 39.6 5.6 23.9 13.4 4.2 0.0 0.0 13.3 0.0

Source: Public Plans Database

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Annual Return as of June 30 for South Carolina Police, 2001-2022

Fiscal Year South Carolina Police Assumed return
2001 7.36 7.25
2002 0.85 7.25
2003 8.32 7.25
2004 8.64 7.25
2005 6.63 7.25
2006 5.10 7.25
2007 13.35 7.25
2008 -2.56 8.00
2009 -19.04 8.00
2010 14.62 8.00
2011 18.59 7.50
2012 0.61 7.50
2013 9.99 7.50
2014 15.29 7.50
2015 1.60 7.50
2016 -0.39 7.50
2017 11.88 7.25
2018 7.82 7.25
2019 5.84 7.25
2020 -1.58 7.25
2021 28.57 7.00
2022 -0.97 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
South Carolina Police
2001-2022

Fiscal Year Cash Flow Assets
2001 41.5 2,234.2
2002 20.6 2,273.6
2003 1.9 2,461.2
2004 -12.1 2,663.9
2005 -20.0 2,821.9
2006 -16.4 2,948.3
2007 -20.6 3,304.0
2008 -24.6 3,196.1
2009 -28.7 2,530.6
2010 -43.0 2,851.5
2011 -55.4 3,317.5
2012 -66.7 3,270.0
2013 -77.0 3,526.4
2014 -82.0 3,985.1
2015 -73.1 3,971.8
2016 -72.3 3,876.0
2017 -59.1 4,274.1
2018 -36.8 4,570.4
2019 -20.1 4,815.8
2020 -7.5 4,730.2
2021 -31.3 6,111.7
2022 -20.2 5,938.7

Source: Public Plans Database

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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
South Carolina Police
2001-2022

Fiscal Year South Carolina Police National Average
2001 1.9 -2.0
2002 0.9 -2.4
2003 0.1 -2.6
2004 -0.5 -1.8
2005 -0.7 -2.2
2006 -0.6 -2.2
2007 -0.6 -2.0
2008 -0.8 -2.2
2009 -1.1 -3.1
2010 -1.5 -3.2
2011 -1.7 -3.0
2012 -2.0 -3.2
2013 -2.2 -3.1
2014 -2.1 -2.9
2015 -1.8 -2.7
2016 -1.9 -2.9
2017 -1.4 -2.8
2018 -0.8 -2.4
2019 -0.4 -2.4
2020 -0.2 -2.3
2021 -0.5 -2.0
2022 -0.3 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for South Carolina Police benefit descriptions.