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, 2001-2022

Fiscal Year Net Assets (billions)
2001 1.16
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
2020 2.59
2021 3.29
2022 3.09

Source: Public Plans Database

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Number of Actives per Annuitant, 2002-2023

Fiscal Year Iowa Municipal Fire and Police US State and Local Pensions
2002 1.2 2.3
2003 1.1 2.2
2004 1.1 2.1
2005 1.1 2.1
2006 1.1 2.0
2007 1.1 2.0
2008 1.1 1.9
2009 1.1 1.9
2010 1.0 1.8
2011 1.0 1.7
2012 1.0 1.6
2013 1.0 1.5
2014 1.0 1.4
2015 1.0 1.4
2016 1.0 1.4
2017 1.0 1.4
2018 1.0 1.3
2019 1.0 1.3
2020 1.0 1.3
2021 1.0 1.2
2022 1.0 1.2
2023 0.9 1.2

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, 2001-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 16.5 0.0 14.9 16.5
2002 16.5 0.0 13.9 16.5
2003 16.0 0.0 18.9 16.0
2004 19.7 0.0 21.7 19.7
2005 24.3 0.0 23.5 24.3
2006 27.2 0.0 24.8 27.2
2007 26.8 0.0 27.4 26.8
2008 24.4 0.0 27.9 24.4
2009 18.1 0.0 29.2 18.1
2010 16.4 0.0 31.2 16.4
2011 19.0 0.0 33.5 19.0
2012 23.9 0.0 34.0 23.9
2013 25.3 0.0 34.7 25.3
2014 28.9 0.0 34.5 28.9
2015 30.4 0.0 40.0 30.4
2016 27.8 0.0 38.9 27.8
2017 25.9 0.0 39.6 25.9
2018 25.7 0.0 39.1 25.7
2019 26.0 0.0 39.4 26.0
2020 24.4 0.0 40.1 24.4
2021 25.3 0.0 40.4 25.3
2022 26.2 0.0 40.5 26.2

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, 2001-2023

Fiscal Year Iowa Municipal Fire and Police National Data
2001 99.1 101.7
2002 93.7 94.6
2003 87.8 88.8
2004 84.2 87.0
2005 85.4 85.4
2006 89.0 85.2
2007 87.2 86.3
2008 89.7 84.4
2009 85.6 78.4
2010 81.1 75.7
2011 78.2 74.3
2012 73.7 72.3
2013 73.9 71.8
2014 77.8 73.2
2015 80.9 73.2
2016 81.4 71.6
2017 81.4 72.0
2018 82.0 72.4
2019 81.0 72.5
2020 79.9 72.6
2021 82.9 75.8
2022 84.4 76.2
2023 84.6 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Iowa Municipal Fire and Police, 2022

Category Percent
Equities 38.5
Fixed Income 30.3
Private Equity 25.8
Real Estate 0.0
Cash 0.0
Other 0.0
Commodities 5.5
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Iowa Municipal Fire and Police, 2001-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 55.5 37.4 0.0 7.1 0.0 0.0 0.0 0.0 0.0
2002 55.7 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 34.6 31.6 12.9 10.5 10.4 0.0 0.0 0.0 0.0
2006 null null null null null null null null null
2007 50.7 24.4 10.5 10.7 3.8 0.0 0.0 0.0 0.0
2008 45.9 22.1 11.9 14.2 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
2020 36.1 33.0 20.1 0.0 0.0 0.0 10.8 0.0 0.0
2021 40.5 32.6 22.7 0.0 0.0 0.0 4.2 0.0 0.0
2022 38.5 30.3 25.8 0.0 0.0 0.0 5.5 0.0 0.0

Source: Public Plans Database

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Annual Return as of July 1 for Iowa Municipal Fire and Police, 2001-2022

Fiscal Year Iowa Municipal Fire and Police Assumed return
2001 -5.26 7.50
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
2020 2.35 7.50
2021 30.70 7.50
2022 -3.50 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
2001-2022

Fiscal Year Cash Flow Assets
2001 -15.9 1,155.1
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 2,300.8
2016 -57.8 2,242.5
2017 -65.5 2,436.9
2018 -70.5 2,549.6
2019 -73.2 2,613.1
2020 -80.6 2,592.7
2021 -84.5 3,293.6
2022 -89.6 3,090.0

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Iowa Municipal Fire and Police
2001-2022

Fiscal Year Iowa Municipal Fire and Police National Average
2001 -1.4 -2.0
2002 -1.7 -2.4
2003 -2.2 -2.5
2004 -1.6 -1.8
2005 -1.0 -2.2
2006 -0.7 -2.2
2007 -0.8 -2.0
2008 -1.4 -2.1
2009 -3.1 -3.1
2010 -3.5 -3.2
2011 -3.0 -3.0
2012 -2.7 -3.2
2013 -2.6 -3.1
2014 -2.0 -2.9
2015 -2.1 -2.7
2016 -2.6 -2.9
2017 -2.7 -2.8
2018 -2.8 -2.4
2019 -2.8 -2.4
2020 -3.1 -2.3
2021 -2.6 -2.0
2022 -2.9 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Iowa Municipal Fire and Police benefit descriptions.