State Data » Utah » Utah Retirement Systems » Utah Noncontributory

Utah Noncontributory Basics

  • Established 1963
  • 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, Utah Noncontributory, 2001-2019

Fiscal Year Net Assets (billions)
2001 9.91
2002 9.07
2003 11.28
2004 12.79
2005 13.89
2006 15.82
2007 16.75
2008 12.71
2009 14.15
2010 15.80
2011 15.94
2012 17.63
2013 19.92
2014 21.10
2015 21.19
2016 22.62
2017 25.21
2018 24.67
2019 27.64

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year Utah Noncontributory US State and Local Pensions
2001 4.2 2.5
2002 4.0 2.4
2003 3.7 2.4
2004 3.6 2.3
2005 3.3 2.2
2006 3.1 2.1
2007 3.0 2.1
2008 2.9 2.1
2009 2.7 2.0
2010 2.6 1.9
2011 2.3 1.8
2012 2.0 1.7
2013 1.8 1.6
2014 1.6 1.5
2015 1.4 1.5
2016 1.2 1.4
2017 1.1 1.3
2018 1.1 1.3
2019 1.1 1.3

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 Utah Noncontributory, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 11.8 0.0 5.0 11.8
2002 10.1 0.0 4.8 10.1
2003 10.8 0.0 5.7 10.8
2004 12.1 0.0 7.3 12.1
2005 13.0 0.0 9.0 13.0
2006 13.4 0.0 9.3 13.4
2007 13.6 0.0 10.0 13.6
2008 13.6 0.0 10.4 13.6
2009 13.8 0.0 10.2 13.8
2010 14.7 0.0 10.5 14.7
2011 16.2 0.0 12.5 16.2
2012 17.9 0.0 12.9 17.9
2013 20.4 0.0 13.9 20.4
2014 22.9 0.0 14.5 22.9
2015 25.8 0.0 14.9 25.8
2016 26.9 0.0 14.8 26.9
2017 26.2 0.0 15.1 26.2
2018 26.3 0.0 18.1 26.3
2019 26.7 0.0 18.8 26.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Utah Noncontributory, 2001-2019

Fiscal Year Utah Noncontributory National Data
2001 105.6 106.5
2002 94.6 101.1
2003 96.7 94.2
2004 94.3 93.1
2005 95.2 91.1
2006 97.6 90.5
2007 96.9 91.2
2008 88.0 90.2
2009 87.1 83.2
2010 83.8 81.5
2011 80.1 80.4
2012 77.4 78.9
2013 81.9 78.7
2014 85.8 79.0
2015 85.4 78.2
2016 85.5 76.3
2017 87.7 76.4
2018 87.4 76.5
2019 87.4 76.1

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.

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Investments

Asset Allocation for Utah Noncontributory, 2019

Category Percent
Equities 37.7
Fixed Income 17.3
Private Equity 11.3
Real Estate 13.9
Cash 5.2
Other 0.0
Commodities 0.0
Hedge Fund 14.6
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Utah Noncontributory, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 54.8 26.9 5.2 8.4 4.7 0.0 0.0 0.0 0.0
2002 54.4 23.0 6.5 9.6 6.5 0.0 0.0 0.0 0.0
2003 55.4 21.0 4.5 8.2 10.9 0.0 0.0 0.0 0.0
2004 58.4 22.2 3.3 9.9 6.2 0.0 0.0 0.0 0.0
2005 53.9 23.1 3.3 12.6 7.1 0.0 0.0 0.0 0.0
2006 44.8 20.9 3.7 15.2 9.9 0.0 0.0 5.5 0.0
2007 39.1 23.3 5.0 16.4 6.6 0.0 0.0 9.6 0.0
2008 29.2 26.1 8.2 18.7 5.9 0.0 0.0 11.9 0.0
2009 37.3 23.7 7.4 14.7 4.2 0.0 0.0 12.7 0.0
2010 35.8 21.0 8.8 14.4 5.0 0.0 0.0 15.0 0.0
2011 35.2 19.4 10.8 13.9 4.9 0.0 0.0 15.8 0.0
2012 36.2 17.9 11.3 13.5 5.9 0.0 0.0 15.2 0.0
2013 37.5 16.0 11.0 12.2 6.6 0.0 0.0 16.7 0.0
2014 35.5 15.7 11.8 14.0 5.8 0.0 0.0 17.2 0.0
2015 33.9 15.8 11.9 14.9 8.2 0.0 0.0 15.3 0.0
2016 35.2 15.0 11.3 14.7 8.2 0.0 0.0 15.6 0.0
2017 37.8 14.2 10.7 14.8 8.6 0.0 0.0 13.9 0.0
2018 35.1 16.9 11.7 16.6 5.1 0.0 0.0 14.6 0.0
2019 37.7 17.3 11.3 13.9 5.2 0.0 0.0 14.6 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Utah Noncontributory, 2001-2019

Fiscal Year Utah Noncontributory Assumed return
2001 -5.00 8.00
2002 -7.50 8.00
2003 26.00 8.00
2004 13.20 8.00
2005 8.96 8.00
2006 14.77 8.00
2007 7.15 7.75
2008 -22.30 7.75
2009 12.88 7.75
2010 13.73 7.50
2011 2.89 7.50
2012 13.10 7.50
2013 14.89 7.50
2014 7.52 7.50
2015 1.92 7.20
2016 8.79 6.95
2017 13.57 6.95
2018 -0.22 6.95
2019 14.45 6.95

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Utah Noncontributory
2001-2019

Fiscal Year Cash Flow Assets
2001 21.7 9,905.8
2002 -55.3 9,073.8
2003 -109.2 11,280.1
2004 -52.2 12,786.1
2005 -78.8 13,892.4
2006 -80.8 15,818.5
2007 -115.3 16,751.8
2008 -148.8 12,714.4
2009 -229.3 14,152.6
2010 -211.3 15,802.2
2011 -267.8 15,935.5
2012 -307.0 17,629.4
2013 -302.6 19,915.8
2014 -268.8 21,096.5
2015 -304.5 21,192.4
2016 -357.6 22,618.7
2017 -400.9 25,205.1
2018 -459.9 24,666.1
2019 -529.3 27,635.9

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Utah Noncontributory
2001-2019

Fiscal Year Utah Noncontributory National Average
2001 0.2 -2.0
2002 -0.6 -2.7
2003 -1.0 -2.2
2004 -0.4 -1.6
2005 -0.6 -2.0
2006 -0.5 -1.9
2007 -0.7 -2.0
2008 -1.2 -3.0
2009 -1.6 -2.6
2010 -1.3 -2.4
2011 -1.7 -2.7
2012 -1.7 -2.6
2013 -1.5 -2.3
2014 -1.3 -2.3
2015 -1.4 -2.7
2016 -1.6 -2.2
2017 -1.6 -2.7
2018 -1.9 -3.0
2019 -1.9 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Utah Noncontributory benefit descriptions.