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, 2001-2022

Fiscal Year Net Assets (billions)
2001 1.74
2002 1.59
2003 1.97
2004 2.23
2005 2.42
2006 2.76
2007 2.92
2008 2.23
2009 2.51
2010 2.81
2011 2.87
2012 3.22
2013 3.68
2014 3.94
2015 4.00
2016 4.32
2017 4.85
2018 4.79
2019 5.46
2020 6.09
2021 7.09
2022 6.68

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Utah Public Safety US State and Local Pensions
2001 2.4 2.4
2002 2.4 2.3
2003 2.3 2.2
2004 2.2 2.1
2005 2.1 2.1
2006 2.0 2.0
2007 1.9 2.0
2008 1.9 1.9
2009 1.8 1.9
2010 1.7 1.8
2011 1.7 1.7
2012 1.6 1.6
2013 1.6 1.5
2014 1.6 1.4
2015 1.5 1.4
2016 1.5 1.4
2017 1.4 1.4
2018 1.4 1.3
2019 1.3 1.3
2020 1.3 1.3
2021 1.2 1.2
2022 1.2 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 Utah Public Safety, 2001-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 16.8 0.0 14.3 16.8
2002 15.2 0.0 14.9 15.2
2003 15.9 0.0 19.4 15.9
2004 17.6 0.0 20.1 17.6
2005 18.7 0.0 24.8 18.7
2006 19.9 0.0 26.3 19.9
2007 22.0 0.0 27.8 22.0
2008 22.3 0.0 30.0 22.3
2009 24.3 0.0 32.9 24.3
2010 24.5 0.0 33.1 24.5
2011 26.0 0.0 35.0 26.0
2012 28.5 0.0 36.8 28.5
2013 29.4 0.0 37.5 29.4
2014 31.5 0.0 34.9 31.5
2015 32.9 0.0 35.0 32.9
2016 32.1 0.0 35.6 32.1
2017 29.3 0.0 34.1 29.3
2018 30.3 0.0 35.1 30.3
2019 35.7 0.0 35.8 35.7
2020 31.7 0.0 35.0 31.7
2021 31.8 0.0 36.0 31.8
2022 34.9 0.0 36.5 34.9
2023 33.4 0.0 35.7 33.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Utah Public Safety, 2001-2022

Fiscal Year Utah Public Safety National Data
2001 104.7 101.7
2002 96.1 94.5
2003 96.8 88.8
2004 92.6 87.0
2005 93.0 85.4
2006 96.2 85.2
2007 94.8 86.3
2008 85.5 84.4
2009 84.3 78.4
2010 80.7 75.7
2011 78.6 74.3
2012 77.0 72.3
2013 82.7 71.8
2014 86.7 73.2
2015 86.2 73.2
2016 86.0 71.6
2017 88.1 72.0
2018 88.0 72.4
2019 88.6 72.5
2020 90.9 72.6
2021 95.9 75.8
2022 94.6 76.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Utah Public Safety, 2023

Category Percent
Equities 33.9
Fixed Income 15.3
Private Equity 12.4
Real Estate 19.2
Cash 2.9
Other 0.0
Commodities 0.0
Hedge Fund 16.3
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.5
Fixed Income 20.4
Private Equity 14.0
Real Estate 10.3
Cash 1.9
Other 0.0
Commodities 2.7
Hedge Fund 6.4
Misc. Alternatives 1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Utah Public Safety, 2001-2023

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
2019 37.7 17.3 11.3 13.9 5.2 0.0 0.0 14.6 0.0
2020 39.9 13.5 11.5 13.3 6.7 0.0 0.0 15.1 0.0
2021 37.1 12.0 13.1 15.3 7.4 0.0 0.0 15.1 0.0
2022 30.8 15.2 13.0 20.3 2.9 0.0 0.0 17.8 0.0
2023 33.9 15.3 12.4 19.2 2.9 0.0 0.0 16.3 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Utah Public Safety, 2001-2023

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
2019 14.45 6.95
2020 12.96 6.85
2021 17.46 6.85
2022 -5.04 6.85
2023 9.44 6.85

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Utah Public Safety
2001-2022

Fiscal Year Cash Flow Assets
2001 -5.6 1,738.5
2002 -17.3 1,585.9
2003 -19.7 1,974.3
2004 -17.7 2,232.0
2005 -21.3 2,422.5
2006 -21.7 2,755.3
2007 -19.7 2,921.0
2008 -20.3 2,226.8
2009 -19.0 2,507.0
2010 -29.1 2,814.3
2011 -21.8 2,869.4
2012 -19.2 3,221.0
2013 -18.8 3,684.8
2014 -15.8 3,939.1
2015 -17.5 3,997.0
2016 -26.3 4,317.4
2017 -46.1 4,851.1
2018 -51.9 4,790.3
2019 -26.5 5,457.1
2020 -55.4 6,094.0
2021 -63.2 7,087.5
2022 -46.1 6,677.8

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
Utah Public Safety
2001-2022

Fiscal Year Utah Public Safety National Average
2001 -0.3 -2.3
2002 -1.1 -1.0
2003 -1.0 -2.4
2004 -0.8 -2.6
2005 -0.9 -2.2
2006 -0.8 -2.2
2007 -0.7 -2.2
2008 -0.9 -2.9
2009 -0.8 -3.2
2010 -1.0 -3.2
2011 -0.8 -3.4
2012 -0.6 -3.3
2013 -0.5 -3.1
2014 -0.4 -2.9
2015 -0.4 -3.1
2016 -0.6 -3.2
2017 -1.0 -2.9
2018 -1.1 -3.1
2019 -0.5 -3.1
2020 -0.9 -2.8
2021 -0.9 -2.5
2022 -0.7 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Utah Public Safety benefit descriptions.