South Dakota RS Basics

  • Established 1974
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, South Dakota RS, 2001-2018

Fiscal Year Net Assets (billions)
2001 4.9
2002 4.6
2003 4.8
2004 5.5
2005 6.2
2006 6.8
2007 8.2
2008 7.3
2009 5.6
2010 6.5
2011 7.9
2012 7.8
2013 9.1
2014 10.6
2015 10.8
2016 10.5
2017 11.6
2018 12.2

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year South Dakota RS US State and Local Pensions
2001 2.3 2.5
2002 2.2 2.4
2003 2.1 2.3
2004 2.1 2.2
2005 2.0 2.1
2006 2.0 2.1
2007 2.0 2.0
2008 2.0 2.0
2009 1.9 1.9
2010 1.9 1.8
2011 1.8 1.7
2012 1.7 1.6
2013 1.7 1.5
2014 1.6 1.5
2015 1.5 1.5
2016 1.5 1.4
2017 1.5 1.4
2018 1.5 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for South Dakota RS, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 5.4 0.0 5.0 5.4 5.4
2002 5.4 0.0 4.8 5.4 5.4
2003 6.4 0.0 5.7 6.4 6.4
2004 6.4 0.0 7.3 6.4 6.4
2005 6.4 0.0 9.0 6.4 6.4
2006 6.6 0.0 9.3 6.6 6.6
2007 6.6 0.0 10.0 6.6 6.6
2008 6.6 0.0 10.4 6.6 6.6
2009 5.9 0.6 10.2 6.5 6.5
2010 6.5 0.0 10.5 6.5 6.5
2011 6.6 0.0 12.5 6.6 6.6
2012 6.6 0.0 12.9 6.6 6.6
2013 6.6 0.0 14.0 6.6 6.6
2014 7.1 0.0 14.4 7.1 7.1
2015 6.6 0.0 14.9 6.6 6.6
2016 6.6 0.0 14.8 4.8 4.8
2017 6.6 0.0 15.1 6.6 6.6
2018 6.6 0.0 15.9 6.6 6.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for South Dakota RS, 2001-2018

Fiscal Year South Dakota RS National Data
2001 96.4 106.5
2002 96.7 101.1
2003 97.2 94.2
2004 97.7 93.1
2005 96.6 91.1
2006 96.7 90.5
2007 97.1 91.2
2008 97.2 90.2
2009 91.8 83.2
2010 96.3 81.5
2011 96.4 80.4
2012 92.6 78.9
2013 100.0 78.7
2014 100.0 79.0
2015 100.0 78.2
2016 100.0 76.3
2017 100.1 76.4
2018 100.0 76.6

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for South Dakota RS, 2018

Category Percent
Equities 45.1
Fixed Income 19.1
Private Equity 7.9
Real Estate 8.2
Cash 18.7
Other 0.0
Commodities 0.0
Hedge Fund 1.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for South Dakota RS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 56.9 23.0 3.7 5.7 1.3 0.0 0.0 9.4 0.0
2002 59.1 25.0 3.7 6.4 1.1 0.0 0.0 4.7 0.0
2003 58.4 23.2 4.1 6.2 2.9 0.0 0.0 5.2 0.0
2004 61.6 22.0 4.4 4.5 1.1 0.0 0.0 6.4 0.0
2005 60.5 20.6 4.3 6.8 0.2 0.0 0.0 7.6 0.0
2006 56.9 16.5 5.0 6.4 8.3 0.0 0.0 6.9 0.0
2007 53.5 15.2 6.8 10.5 7.7 0.0 0.0 6.3 0.0
2008 49.8 19.6 9.8 13.0 1.3 0.0 0.0 6.5 0.0
2009 52.9 24.1 9.4 8.5 0.3 0.0 0.0 4.8 0.0
2010 49.8 21.8 11.3 9.3 2.9 0.0 0.0 4.9 0.0
2011 52.3 18.5 11.6 12.8 1.2 0.0 0.4 3.2 0.0
2012 50.1 20.3 11.0 14.4 1.4 0.0 0.3 2.5 0.0
2013 55.5 17.2 9.5 14.1 1.4 0.0 0.0 2.3 0.0
2014 57.0 15.6 9.0 14.3 3.1 0.0 0.0 1.0 0.0
2015 55.7 16.9 8.0 10.7 7.7 0.0 0.0 1.0 0.0
2016 50.8 23.6 6.8 11.6 6.3 0.0 0.0 0.9 0.0
2017 48.6 20.7 6.7 9.3 13.7 0.0 0.0 1.0 0.0
2018 45.1 19.1 7.9 8.2 18.7 0.0 0.0 1.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for South Dakota RS, 2001-2018

Fiscal Year South Dakota RS Assumed return
2001 -2.90 8.00
2002 -4.90 8.00
2003 5.00 8.00
2004 16.60 8.00
2005 13.30 7.75
2006 13.10 7.75
2007 21.39 7.75
2008 -8.65 7.75
2009 -20.36 7.75
2010 18.70 7.75
2011 25.80 7.75
2012 1.90 7.25
2013 19.02 7.25
2014 18.90 7.25
2015 4.20 7.25
2016 0.30 7.25
2017 13.81 6.50
2018 7.94 6.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
South Dakota RS
2001-2018

Fiscal Year Cash Flow Assets
2001 -61.8 4,939.7
2002 -66.0 4,624.9
2003 -50.6 4,784.2
2004 -42.9 5,518.2
2005 -74.5 6,159.9
2006 -99.3 6,844.6
2007 -113.1 8,158.2
2008 -123.0 7,312.1
2009 -144.7 5,648.8
2010 -163.2 6,496.6
2011 -176.5 7,936.3
2012 -201.3 7,842.5
2013 -224.3 9,085.7
2014 -235.6 10,607.6
2015 -266.7 10,776.5
2016 -285.9 10,513.5
2017 -301.4 11,644.0
2018 -320.0 12,235.7

Source: Public Plans Database


Cash Flow as a Percentage of Assets
South Dakota RS
2001-2018

Fiscal Year South Dakota RS National Average
2001 -1.3 -2.3
2002 -1.4 -2.3
2003 -1.1 -2.6
2004 -0.8 -1.7
2005 -1.2 -1.9
2006 -1.5 -1.9
2007 -1.4 -1.7
2008 -1.7 -1.9
2009 -2.6 -2.7
2010 -2.5 -2.9
2011 -2.2 -2.8
2012 -2.6 -3.1
2013 -2.5 -3.0
2014 -2.2 -2.7
2015 -2.5 -2.8
2016 -2.7 -3.0
2017 -2.6 -2.9
2018 -2.6 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for South Dakota RS benefit descriptions.