State Data » Arizona » Arizona Public Safety Personnel Retirement System » Arizona State Corrections Officers

Arizona State Corrections Officers Basics

  • Established 1968
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, agent plan

Assets, Participants, and Benefits

Assets at Year-End, Arizona State Corrections Officers, 2001-2019

Fiscal Year Net Assets (billions)
2001 0.7
2002 0.6
2003 0.6
2004 0.7
2005 0.8
2006 0.9
2007 1.0
2008 1.1
2009 1.0
2010 1.1
2011 1.3
2012 1.3
2013 1.4
2014 1.2
2015 1.2
2016 1.2
2017 1.4
2018 1.4
2019 1.5

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Arizona State Corrections Officers US State and Local Pensions
2001 10.6 1.9
2002 8.6 1.8
2003 8.0 1.7
2004 7.5 1.6
2005 6.8 1.6
2006 6.1 1.5
2007 6.0 1.5
2008 6.1 1.5
2009 5.6 1.5
2010 4.9 1.4
2011 4.5 1.3
2012 4.3 1.3
2013 3.9 1.2
2014 3.6 1.2
2015 3.2 1.2
2016 2.9 1.2
2017 2.7 1.3
2018 2.7 1.3
2019 2.1 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 Arizona State Corrections Officers, 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 {role:annotation}
2001 4.4 0.0 12.1 4.4 4.4
2002 2.1 0.0 12.8 2.1 2.1
2003 2.1 0.0 14.8 2.1 2.1
2004 3.8 0.0 16.9 3.8 3.8
2005 4.0 0.0 21.2 4.0 4.0
2006 5.5 0.0 23.7 5.5 5.5
2007 5.3 0.0 25.5 4.4 4.4
2008 7.4 0.0 28.0 6.8 6.8
2009 9.2 0.0 29.1 8.5 8.5
2010 8.9 0.0 29.3 8.4 8.4
2011 8.5 0.0 31.2 8.1 8.1
2012 9.4 0.0 33.6 9.0 9.0
2013 11.3 0.0 34.7 10.8 10.8
2014 null null 33.8 null null
2015 null null 33.7 null null
2016 null null 34.0 null null
2017 null null 33.3 null null
2018 null null 35.6 null null
2019 null null 37.1 null null

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Arizona State Corrections Officers, 2001-2019

Fiscal Year Arizona State Corrections Officers National Data
2001 140.0 107.1
2002 123.8 101.2
2003 114.4 91.9
2004 104.8 86.3
2005 96.4 83.2
2006 93.7 80.8
2007 88.5 80.2
2008 90.3 79.6
2009 86.4 77.6
2010 83.8 73.2
2011 76.6 72.2
2012 70.7 71.9
2013 66.9 72.7
2014 57.3 72.2
2015 57.3 72.4
2016 57.3 72.2
2017 49.5 74.0
2018 54.1 74.7
2019 53.1 74.7

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 Arizona State Corrections Officers, 2019

Category Percent
Equities 33.6
Fixed Income 5.8
Private Equity 13.1
Real Estate 7.6
Cash 3.2
Other 0.0
Commodities 8.4
Hedge Fund 28.3
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.1
Fixed Income 22.6
Private Equity 9.3
Real Estate 9.1
Cash 1.6
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Arizona State Corrections Officers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 67.0 26.8 2.5 0.0 0.0 3.7 0.0 0.0 0.0
2002 58.6 32.0 5.1 0.0 0.0 4.3 0.0 0.0 0.0
2003 59.4 27.4 6.6 0.0 0.0 6.6 0.0 0.0 0.0
2004 71.1 18.0 4.7 0.0 0.0 6.2 0.0 0.0 0.0
2005 69.5 20.6 5.6 0.0 0.0 4.2 0.0 0.0 0.0
2006 69.2 21.4 0.6 2.7 4.9 1.3 0.0 0.0 0.0
2007 69.3 20.1 1.1 2.1 4.6 2.7 0.0 0.0 0.0
2008 66.0 24.8 1.4 3.7 4.2 0.0 0.0 0.0 0.0
2009 54.9 32.0 2.7 9.0 1.4 0.0 0.0 0.0 0.0
2010 41.0 19.0 7.9 9.9 1.1 0.0 4.3 16.5 0.0
2011 35.4 18.6 7.9 10.6 1.6 0.0 5.4 20.5 0.0
2012 33.4 13.8 10.2 12.7 2.2 0.0 6.2 21.5 0.0
2013 32.3 11.1 11.3 13.2 1.8 0.0 6.4 23.9 0.0
2014 30.5 9.5 13.3 10.8 3.9 0.0 6.8 25.3 0.0
2015 29.9 7.6 14.4 9.9 3.9 0.0 8.0 26.3 0.0
2016 29.8 6.0 15.0 9.7 2.3 0.0 9.6 27.7 0.0
2017 30.4 5.5 13.9 9.4 1.9 0.0 10.1 28.9 0.0
2018 30.0 5.8 13.3 8.4 4.0 0.0 7.9 30.6 0.0
2019 33.6 5.8 13.1 7.6 3.2 0.0 8.4 28.3 0.0

Source: Public Plans Database


Annual Return as of June 30 for Arizona State Corrections Officers, 2001-2019

Fiscal Year Arizona State Corrections Officers Assumed return
2001 -17.07 9.00
2002 -14.73 9.00
2003 6.15 9.00
2004 14.77 8.75
2005 9.23 8.50
2006 8.17 8.50
2007 16.77 8.50
2008 -7.05 8.50
2009 -17.99 8.50
2010 13.47 8.50
2011 17.37 8.25
2012 -0.79 8.00
2013 10.64 7.85
2014 13.28 7.85
2015 3.68 7.85
2016 0.63 7.50
2017 11.85 7.40
2018 7.07 7.40
2019 5.45 7.30

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Arizona State Corrections Officers
2001-2019

Fiscal Year Cash Flow Assets
2001 14.0 683.2
2002 2.3 586.3
2003 -2.3 622.9
2004 3.5 719.2
2005 1.1 788.9
2006 7.5 861.8
2007 5.8 1,012.9
2008 193.5 1,141.6
2009 35.4 961.0
2010 22.0 1,112.8
2011 -2.4 1,303.8
2012 -6.8 1,287.0
2013 -11.0 1,409.6
2014 -16.7 1,179.7
2015 -16.5 1,205.6
2016 -3.2 1,210.1
2017 -1.6 1,353.3
2018 -11.2 1,439.6
2019 20.0 1,539.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Arizona State Corrections Officers
2001-2019

Fiscal Year Arizona State Corrections Officers National Average
2001 2.0 -3.2
2002 0.4 -3.0
2003 -0.4 -4.2
2004 0.5 -3.1
2005 0.1 -2.4
2006 0.9 -1.8
2007 0.6 -1.2
2008 16.9 -0.8
2009 3.7 -0.8
2010 2.0 -1.1
2011 -0.2 -2.4
2012 -0.5 -1.1
2013 -0.8 -1.1
2014 -1.4 -3.3
2015 -1.4 -1.9
2016 -0.3 -1.7
2017 -0.1 -3.1
2018 -0.8 -2.4
2019 1.3 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Arizona State Corrections Officers benefit descriptions.