Austin ERS Basics

  • Established 1941
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Austin ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 1.2
2002 1.0
2003 1.3
2004 1.4
2005 1.5
2006 1.6
2007 1.7
2008 1.2
2009 1.5
2010 1.7
2011 1.7
2012 1.9
2013 2.1
2014 2.2
2015 2.1
2016 2.3
2017 2.7
2018 2.5

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Austin ERS US State and Local Pensions
2001 3.0 2.5
2002 2.7 2.4
2003 2.5 2.3
2004 2.4 2.3
2005 2.3 2.2
2006 2.3 2.1
2007 2.3 2.1
2008 2.3 2.1
2009 2.0 2.0
2010 1.9 1.9
2011 1.8 1.7
2012 1.7 1.7
2013 1.7 1.6
2014 1.7 1.5
2015 1.6 1.4
2016 1.6 1.4
2017 1.5 1.3
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 Austin ERS, 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 7.8 0.0 5.0 7.8 7.8
2002 8.2 0.0 4.8 8.2 8.2
2003 7.9 1.9 5.7 9.8 9.8
2004 8.2 1.8 7.3 10.0 10.0
2005 7.8 4.2 9.0 11.9 11.9
2006 7.8 4.8 9.3 12.6 12.6
2007 8.7 4.7 10.0 13.4 13.4
2008 9.1 3.9 10.4 12.9 12.9
2009 10.7 7.8 10.2 18.5 18.5
2010 12.2 4.7 10.5 16.9 16.9
2011 14.7 3.8 12.5 18.6 18.6
2012 16.2 0.0 12.9 15.5 15.5
2013 17.6 0.0 13.9 16.8 16.8
2014 17.3 0.2 14.5 17.6 17.6
2015 17.9 0.0 14.9 17.6 17.6
2016 17.4 1.8 14.8 19.2 19.2
2017 17.6 1.6 15.1 19.2 19.2
2018 17.5 1.3 18.1 18.8 18.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Austin ERS, 2001-2018

Fiscal Year Austin ERS National Data
2001 96.4 106.5
2002 86.9 101.1
2003 86.9 94.2
2004 80.8 93.1
2005 78.0 91.1
2006 75.9 90.5
2007 78.3 91.2
2008 65.9 90.2
2009 71.8 83.2
2010 69.6 81.5
2011 65.7 80.4
2012 63.9 78.9
2013 70.4 78.7
2014 70.9 79.0
2015 68.0 78.2
2016 67.5 76.3
2017 68.3 76.4
2018 67.6 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 Austin ERS, 2018

Category Percent
Equities 58.1
Fixed Income 22.3
Private Equity 0.0
Real Estate 9.9
Cash 0.2
Other 0.0
Commodities 0.0
Hedge Fund 9.5
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 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Austin ERS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 69.0 30.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 63.0 37.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2003 67.1 32.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2004 70.3 26.9 0.0 2.7 0.0 0.0 0.0 0.0 0.0
2005 64.6 29.9 0.0 5.4 0.2 0.0 0.0 0.0 0.0
2006 67.7 26.9 0.0 5.3 0.1 0.0 0.0 0.0 0.0
2007 65.4 29.1 0.0 5.4 0.1 0.0 0.0 0.0 0.0
2008 57.0 37.0 0.0 5.6 0.5 0.0 0.0 0.0 0.0
2009 67.6 29.1 0.0 3.1 0.2 0.0 0.0 0.0 0.0
2010 68.5 26.6 0.0 4.8 0.0 0.0 0.0 0.0 0.0
2011 62.9 29.9 0.0 7.0 0.3 0.0 0.0 0.0 0.0
2012 66.0 26.9 0.0 7.0 0.2 0.0 0.0 0.0 0.0
2013 66.3 26.7 0.0 7.0 0.0 0.0 0.0 0.0 0.0
2014 63.5 21.5 1.6 7.6 0.2 0.0 0.8 4.8 0.0
2015 61.2 21.2 3.2 8.9 0.4 0.0 0.6 4.5 0.0
2016 62.2 19.7 3.5 9.1 0.2 0.0 0.7 4.7 0.0
2017 61.5 21.9 2.9 8.5 0.2 0.0 0.6 4.5 0.0
2018 58.1 22.3 0.0 9.9 0.2 0.0 0.0 9.5 0.0

Source: Public Plans Database


Annual Return as of December 31 for Austin ERS, 2001-2018

Fiscal Year Austin ERS Assumed return
2001 -6.10 8.00
2002 -9.50 7.75
2003 24.00 7.75
2004 11.80 7.75
2005 8.80 7.75
2006 12.50 7.75
2007 7.30 7.75
2008 -26.00 7.75
2009 25.60 7.75
2010 15.50 7.75
2011 -1.30 7.75
2012 13.30 7.75
2013 15.50 7.75
2014 4.70 7.75
2015 -2.00 7.50
2016 8.10 7.50
2017 16.60 7.50
2018 -5.90 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Austin ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -20.2 1,172.1
2002 -16.7 1,042.4
2003 -28.9 1,259.5
2004 -30.2 1,375.0
2005 -32.4 1,460.8
2006 -31.8 1,608.9
2007 -25.7 1,698.2
2008 -27.8 1,234.5
2009 -34.1 1,511.3
2010 -29.8 1,711.6
2011 -23.8 1,665.8
2012 -22.5 1,863.5
2013 -19.9 2,130.6
2014 -20.5 2,209.8
2015 -17.4 2,144.8
2016 -16.8 2,299.7
2017 -26.1 2,650.4
2018 -31.8 2,461.4

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Austin ERS
2001-2018

Fiscal Year Austin ERS National Average
2001 -1.7 -2.0
2002 -1.6 -2.7
2003 -2.3 -2.2
2004 -2.2 -1.6
2005 -2.2 -2.0
2006 -2.0 -1.9
2007 -1.5 -2.0
2008 -2.3 -3.0
2009 -2.3 -2.6
2010 -1.7 -2.4
2011 -1.4 -2.7
2012 -1.2 -2.6
2013 -0.9 -2.3
2014 -0.9 -2.3
2015 -0.8 -2.7
2016 -0.7 -2.2
2017 -1.0 -2.7
2018 -1.3 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Austin ERS benefit descriptions.