State Data » Utah » Utah Retirement Systems » Utah Public Safety

Utah Public Safety Basics

  • Established 1963
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Utah Public Safety, 2001-2018

Fiscal Year Net Assets (billions)
2001 1.2
2002 1.1
2003 1.4
2004 1.6
2005 1.7
2006 2.0
2007 2.1
2008 1.6
2009 1.8
2010 2.1
2011 2.1
2012 2.4
2013 2.7
2014 2.9
2015 2.9
2016 3.2
2017 3.6
2018 3.5

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Utah Public Safety US State and Local Pensions
2001 2.7 1.9
2002 2.6 1.8
2003 2.4 2.0
2004 2.4 1.6
2005 2.2 1.5
2006 2.2 1.5
2007 2.1 1.5
2008 2.1 1.5
2009 2.0 1.5
2010 1.9 1.4
2011 1.8 1.3
2012 1.7 1.3
2013 1.6 1.2
2014 1.4 1.1
2015 1.2 1.1
2016 1.1 1.0
2017 1.0 0.9
2018 0.9 0.9

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 Utah Public Safety, 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 17.7 0.0 12.1 17.7 17.7
2002 15.7 0.0 12.8 15.7 15.7
2003 16.8 0.0 14.8 16.8 16.8
2004 19.2 0.0 16.9 19.2 19.2
2005 20.5 0.0 21.2 20.5 20.5
2006 22.3 0.0 23.7 22.3 22.3
2007 23.9 0.0 25.5 23.9 23.9
2008 25.7 0.0 28.0 25.7 25.7
2009 26.4 0.0 29.1 26.4 26.4
2010 28.5 0.0 29.3 28.5 28.5
2011 29.6 0.0 31.2 29.6 29.6
2012 32.2 0.0 33.6 32.2 32.2
2013 33.6 0.0 34.7 33.6 33.6
2014 38.6 0.0 33.8 38.6 38.6
2015 34.2 0.0 33.7 34.2 34.2
2016 34.0 0.0 34.0 34.0 34.0
2017 32.1 0.0 33.3 32.1 32.1
2018 30.8 0.0 35.5 30.8 30.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Utah Public Safety, 2001-2018

Fiscal Year Utah Public Safety National Data
2001 100.8 107.1
2002 92.5 101.2
2003 93.1 91.9
2004 88.3 85.3
2005 89.0 84.3
2006 91.9 80.8
2007 90.7 80.2
2008 81.6 79.6
2009 80.6 77.6
2010 77.1 73.2
2011 75.4 72.2
2012 73.0 71.9
2013 79.3 72.7
2014 83.2 72.2
2015 82.6 72.4
2016 82.4 72.2
2017 84.9 74.0
2018 84.8 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 Utah Public Safety, 2018

Category Percent
Equities 35.1
Fixed Income 16.9
Private Equity 11.7
Real Estate 16.6
Cash 5.1
Other 0.0
Commodities 0.0
Hedge Fund 14.6
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 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Utah Public Safety, 2001-2018

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

Source: Public Plans Database


Annual Return as of December 31 for Utah Public Safety, 2001-2018

Fiscal Year Utah Public Safety 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 7.20
2017 13.57 6.95
2018 -0.22 6.95

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Utah Public Safety
2001-2018

Fiscal Year Cash Flow Assets
2001 0.1 1,229.9
2002 -9.5 1,124.5
2003 -10.5 1,404.2
2004 -6.9 1,594.0
2005 -9.9 1,736.5
2006 -9.1 1,981.5
2007 -8.2 2,106.3
2008 -4.9 1,614.1
2009 -7.5 1,824.8
2010 -12.2 2,058.0
2011 -10.2 2,103.8
2012 -10.9 2,366.1
2013 -9.1 2,712.2
2014 -9.8 2,899.4
2015 -15.2 2,938.8
2016 -18.0 3,176.5
2017 -27.9 3,576.5
2018 -42.3 3,528.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Utah Public Safety
2001-2018

Fiscal Year Utah Public Safety National Average
2001 0.0 -0.3
2002 -0.8 -0.9
2003 -0.7 -0.8
2004 -0.4 -0.4
2005 -0.6 -0.5
2006 -0.5 -0.6
2007 -0.4 -0.6
2008 -0.3 -0.9
2009 -0.4 -1.3
2010 -0.6 -1.5
2011 -0.5 -1.8
2012 -0.5 -1.7
2013 -0.3 -1.6
2014 -0.3 -2.2
2015 -0.5 -3.0
2016 -0.6 -11.8
2017 -0.8 -2.9
2018 -1.2 -3.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Utah Public Safety benefit descriptions.