State Data » Iowa » Iowa Municipal Fire and Police » Iowa Municipal Fire and Police

Iowa Municipal Fire and Police Basics

  • Established 1992
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members not covered by Social Security
  • Multiemployer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Iowa Municipal Fire and Police, 2002-2019

Fiscal Year Net Assets (billions)
2002 1.10
2003 1.14
2004 1.32
2005 1.47
2006 1.66
2007 1.95
2008 1.89
2009 1.43
2010 1.53
2011 1.83
2012 1.79
2013 1.96
2014 2.28
2015 2.30
2016 2.24
2017 2.44
2018 2.55
2019 2.61

Source: Public Plans Database

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Number of Actives per Annuitant, 2002-2019

Fiscal Year Iowa Municipal Fire and Police US State and Local Pensions
2002 1.2 1.4
2003 1.1 1.3
2004 1.1 1.3
2005 1.1 1.3
2006 1.1 1.3
2007 1.1 1.3
2008 1.1 1.3
2009 1.1 1.3
2010 1.0 1.2
2011 1.0 1.2
2012 1.0 1.2
2013 1.0 1.1
2014 1.0 1.1
2015 1.0 1.1
2016 1.0 1.1
2017 1.0 1.0
2018 1.0 1.0
2019 1.0 1.0

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 Iowa Municipal Fire and Police, 2002-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2002 16.5 0.0 13.5 16.5
2003 16.0 0.0 17.5 16.0
2004 19.7 0.0 20.1 19.7
2005 24.3 0.0 21.2 24.3
2006 27.2 0.0 22.8 27.2
2007 26.8 0.0 25.0 26.8
2008 24.4 0.0 25.2 24.4
2009 18.1 0.0 26.2 18.1
2010 16.4 0.0 27.6 16.4
2011 19.0 0.0 29.6 19.0
2012 23.9 0.0 31.0 23.9
2013 25.3 0.0 31.2 25.3
2014 28.9 0.0 31.8 28.9
2015 29.2 0.0 33.9 29.2
2016 26.5 0.0 35.3 26.5
2017 24.8 0.0 33.3 24.8
2018 24.7 0.0 33.1 24.7
2019 24.9 0.0 34.3 24.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Iowa Municipal Fire and Police, 2002-2019

Fiscal Year Iowa Municipal Fire and Police National Data
2002 93.7 88.4
2003 87.8 85.5
2004 84.2 81.5
2005 85.4 79.2
2006 89.0 80.4
2007 87.2 84.0
2008 89.7 78.7
2009 85.6 77.3
2010 81.1 75.2
2011 78.2 71.9
2012 73.7 70.6
2013 73.9 70.8
2014 77.8 72.1
2015 80.9 74.1
2016 81.4 72.5
2017 81.4 72.0
2018 82.0 72.8
2019 81.0 72.4

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 Iowa Municipal Fire and Police, 2019

Category Percent
Equities 36.1
Fixed Income 34.0
Private Equity 19.5
Real Estate 0.0
Cash 0.0
Other 0.0
Commodities 10.5
Hedge Fund 0.0
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 Iowa Municipal Fire and Police, 2002-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2002 55.6 35.3 0.0 7.4 1.6 0.0 0.0 0.0 0.0
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 26.4 24.1 9.8 8.0 7.9 0.0 0.0 0.0 0.0
2006 null null null null null null null null null
2007 50.4 24.3 10.4 10.6 3.8 0.0 0.0 0.0 0.0
2008 45.7 22.0 11.9 14.1 5.9 0.0 0.0 0.0 0.0
2009 22.5 10.8 12.9 9.3 0.0 0.0 0.0 44.5 0.0
2010 23.1 9.1 15.9 6.7 0.0 0.0 0.0 45.2 0.0
2011 25.7 10.5 24.5 8.4 0.2 0.0 0.0 30.6 0.0
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 36.0 30.5 21.0 0.0 0.0 0.0 12.4 0.0 0.0
2017 37.4 31.5 19.9 0.0 0.0 0.0 11.2 0.0 0.0
2018 36.0 33.5 20.2 0.0 0.0 0.0 10.3 0.0 0.0
2019 36.1 34.0 19.5 0.0 0.0 0.0 10.5 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Iowa Municipal Fire and Police, 2002-2019

Fiscal Year Iowa Municipal Fire and Police Assumed return
2002 -2.64 7.50
2003 4.40 7.50
2004 18.60 7.50
2005 12.30 7.50
2006 13.70 7.50
2007 18.90 7.50
2008 -2.10 7.50
2009 -21.80 7.50
2010 10.70 7.50
2011 23.10 7.50
2012 0.33 7.50
2013 12.84 7.50
2014 18.20 7.50
2015 3.10 7.50
2016 0.22 7.50
2017 11.80 7.50
2018 7.60 7.50
2019 5.32 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Iowa Municipal Fire and Police
2002-2019

Fiscal Year Cash Flow Assets
2002 -19.0 1,104.5
2003 -24.7 1,137.1
2004 -21.7 1,323.7
2005 -15.1 1,469.8
2006 -11.4 1,658.4
2007 -16.2 1,953.6
2008 -27.3 1,885.7
2009 -44.6 1,434.6
2010 -54.3 1,534.4
2011 -54.0 1,829.4
2012 -48.2 1,785.2
2013 -50.6 1,964.3
2014 -44.5 2,278.5
2015 -47.5 2,300.2
2016 -57.8 2,242.5
2017 -65.5 2,436.9
2018 -70.5 2,549.6
2019 -73.2 2,613.1

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Iowa Municipal Fire and Police
2002-2019

Fiscal Year Iowa Municipal Fire and Police National Average
2002 -1.7 -2.2
2003 -2.2 -2.3
2004 -1.6 -1.8
2005 -1.0 0.8
2006 -0.7 -1.4
2007 -0.8 -1.4
2008 -1.4 -1.5
2009 -3.1 -2.3
2010 -3.5 -2.1
2011 -3.0 -2.0
2012 -2.7 -2.2
2013 -2.6 -2.4
2014 -2.0 -1.9
2015 -2.1 -1.7
2016 -2.6 -2.1
2017 -2.7 -2.1
2018 -2.8 -2.2
2019 -2.8 -2.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Iowa Municipal Fire and Police benefit descriptions.