Texas County & District Basics

  • Established 1967
  • Currently open to new hires
  • Plan covers local employees
  • Most plan members covered by Social Security (each participating county or district decides their own SS participation).
  • Multiple employer, agent plan

Assets, Participants, and Benefits

Assets at Year-End, Texas County & District, 2002-2018

Fiscal Year Net Assets (billions)
2002 8.9
2003 10.9
2004 12.4
2005 13.5
2006 15.5
2007 16.9
2008 12.1
2009 15.6
2010 17.7
2011 17.6
2012 19.9
2013 23.1
2014 24.7
2015 24.5
2016 26.3
2017 30.0
2018 29.3

Source: Public Plans Database

Number of Actives per Annuitant, 2002-2018

Fiscal Year Texas County & District US State and Local Pensions
2002 4.1 2.4
2003 3.9 2.4
2004 3.7 2.3
2005 3.5 2.2
2006 3.4 2.1
2007 3.4 2.1
2008 3.3 2.1
2009 3.2 2.0
2010 3.0 1.9
2011 2.8 1.8
2012 2.6 1.7
2013 2.5 1.6
2014 2.4 1.5
2015 2.3 1.5
2016 2.2 1.4
2017 2.1 1.3
2018 2.0 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 Texas County & District, 2002-2018

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}
2002 8.9 0.0 4.8 8.8 8.8
2003 9.2 0.0 5.7 9.1 9.1
2004 9.4 0.0 7.3 9.3 9.3
2005 9.1 0.0 9.0 9.0 9.0
2006 9.4 0.0 9.3 9.0 9.0
2007 9.8 0.0 10.0 9.6 9.6
2008 9.5 0.0 10.4 9.3 9.3
2009 9.8 0.0 10.2 9.5 9.5
2010 10.5 0.0 10.5 10.3 10.3
2011 11.0 0.0 12.5 10.1 10.1
2012 11.1 0.0 12.9 10.4 10.4
2013 11.7 0.0 13.9 11.1 11.1
2014 11.8 0.0 14.5 11.5 11.5
2015 12.1 0.0 14.9 11.7 11.7
2016 13.1 0.0 14.8 12.1 12.1
2017 13.4 0.0 15.1 12.3 12.3
2018 13.6 0.0 18.1 12.6 12.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Texas County & District, 2002-2018

Fiscal Year Texas County & District National Data
2002 88.7 101.1
2003 90.5 94.2
2004 91.0 93.1
2005 91.4 91.1
2006 94.3 90.5
2007 94.3 91.2
2008 88.6 90.2
2009 89.8 83.2
2010 89.4 81.5
2011 88.8 80.4
2012 88.2 78.9
2013 89.4 78.7
2014 90.5 79.0
2015 88.7 78.2
2016 88.4 76.3
2017 89.0 76.4
2018 88.5 76.5

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 Texas County & District, 2018

Category Percent
Equities 32.5
Fixed Income 5.6
Private Equity 25.3
Real Estate 4.6
Cash 3.2
Other 0.0
Commodities 0.0
Hedge Fund 28.8
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
Commodities 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Texas County & District, 2002-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2002 36.0 58.4 0.0 5.3 0.3 0.0 0.0 0.0 0.0
2003 49.5 44.2 0.0 5.7 0.6 0.0 0.0 0.0 0.0
2004 52.6 42.2 0.0 5.1 0.1 0.0 0.0 0.0 0.0
2005 51.3 39.9 0.0 5.1 2.1 0.0 0.0 1.6 0.0
2006 55.0 34.5 0.1 5.2 0.5 0.0 0.0 4.7 0.0
2007 52.9 34.2 0.8 2.7 0.5 0.0 0.0 8.9 0.0
2008 44.8 33.5 2.0 2.9 6.7 0.0 0.0 10.1 0.0
2009 40.9 36.1 2.4 2.7 3.8 0.0 0.0 14.1 0.0
2010 null null null null null null null null null
2011 33.7 20.9 5.7 3.7 0.6 0.0 2.1 33.3 0.0
2012 35.7 12.8 6.8 4.6 0.5 0.0 1.9 37.7 0.0
2013 41.1 6.6 10.5 4.4 0.5 0.0 1.5 35.4 0.0
2014 39.4 5.9 12.6 4.0 0.3 0.0 1.3 36.2 0.0
2015 37.3 5.6 13.9 5.2 0.7 0.0 1.0 36.3 0.0
2016 35.9 7.4 15.8 5.3 1.6 0.0 2.1 31.9 0.0
2017 38.7 6.4 18.9 4.4 1.3 0.0 0.0 30.3 0.0
2018 32.5 5.6 25.3 4.6 3.2 0.0 0.0 28.8 0.0

Source: Public Plans Database


Annual Return as of December 31 for Texas County & District, 2002-2018

Fiscal Year Texas County & District Assumed return
2002 1.60 8.00
2003 20.20 8.00
2004 12.80 8.00
2005 7.30 8.00
2006 14.00 8.00
2007 8.10 8.00
2008 -28.90 8.00
2009 26.70 8.00
2010 12.80 8.00
2011 -1.00 8.00
2012 12.60 8.00
2013 16.40 8.00
2014 6.80 8.00
2015 -0.70 8.00
2016 7.50 8.00
2017 14.70 8.00
2018 -1.90 8.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Texas County & District
2002-2018

Fiscal Year Cash Flow Assets
2002 178.9 8,901.9
2003 174.8 10,871.7
2004 173.3 12,431.2
2005 140.6 13,474.4
2006 153.6 15,502.6
2007 179.6 16,910.2
2008 195.5 12,054.8
2009 214.2 15,555.5
2010 191.9 17,729.8
2011 103.2 17,626.1
2012 45.6 19,885.3
2013 19.3 23,146.0
2014 -1.0 24,715.2
2015 -15.3 24,529.7
2016 -61.0 26,287.1
2017 -125.8 30,000.4
2018 -182.8 29,260.5

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Texas County & District
2002-2018

Fiscal Year Texas County & District National Average
2002 2.0 -2.7
2003 1.6 -2.2
2004 1.4 -1.6
2005 1.0 -2.0
2006 1.0 -1.9
2007 1.1 -2.0
2008 1.6 -3.0
2009 1.4 -2.6
2010 1.1 -2.4
2011 0.6 -2.7
2012 0.2 -2.6
2013 0.1 -2.3
2014 -0.0 -2.3
2015 -0.1 -2.7
2016 -0.2 -2.2
2017 -0.4 -2.7
2018 -0.6 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Texas County & District benefit descriptions.