Alameda County ERS Basics

  • Established 1947
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Alameda County ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 3.5
2002 3.2
2003 3.9
2004 4.3
2005 4.6
2006 4.6
2007 4.9
2008 3.1
2009 4.0
2010 4.6
2011 4.5
2012 5.1
2013 6.0
2014 6.0
2015 5.8
2016 6.1
2017 7.2
2018 6.7

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Alameda County ERS US State and Local Pensions
2001 1.9 2.5
2002 1.9 2.4
2003 1.8 2.3
2004 1.6 2.3
2005 1.6 2.2
2006 1.5 2.1
2007 1.5 2.1
2008 1.5 2.1
2009 1.5 2.0
2010 1.4 1.9
2011 1.4 1.7
2012 1.3 1.7
2013 1.3 1.6
2014 1.3 1.5
2015 1.2 1.4
2016 1.2 1.4
2017 1.2 1.3
2018 1.2 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 Alameda County ERS, 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 3.9 0.0 5.0 3.9 3.9
2002 4.2 0.0 4.8 4.2 4.2
2003 6.9 0.0 5.7 6.9 6.9
2004 12.2 0.0 7.3 12.2 12.2
2005 14.2 0.0 9.0 14.2 14.2
2006 16.7 0.0 9.3 16.7 16.7
2007 16.4 0.0 10.0 16.4 16.4
2008 15.0 0.0 10.4 15.0 15.0
2009 15.0 0.0 10.2 15.0 15.0
2010 16.5 0.0 10.5 16.5 16.5
2011 18.3 0.0 12.5 18.3 18.3
2012 19.9 0.0 12.9 19.9 19.9
2013 20.8 0.0 14.0 20.8 20.8
2014 22.5 0.0 14.4 22.5 22.5
2015 23.2 0.0 14.9 23.2 23.2
2016 24.1 0.0 14.8 24.1 24.1
2017 23.4 0.0 15.1 23.4 23.4
2018 24.7 0.0 15.9 24.7 24.7

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Alameda County ERS, 2001-2018

Fiscal Year Alameda County ERS National Data
2001 105.8 106.5
2002 92.5 101.1
2003 86.9 94.2
2004 82.1 93.1
2005 83.2 91.1
2006 85.5 90.5
2007 89.2 91.2
2008 83.9 90.2
2009 81.2 83.2
2010 77.5 81.5
2011 76.6 80.4
2012 73.9 78.9
2013 75.9 78.7
2014 74.8 79.0
2015 77.3 78.2
2016 78.1 76.3
2017 76.0 76.4
2018 77.2 76.6

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 Alameda County ERS, 2018

Category Percent
Equities 55.0
Fixed Income 17.1
Private Equity 6.9
Real Estate 7.5
Cash 0.3
Other 0.0
Commodities 3.9
Hedge Fund 9.3
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 Alameda County ERS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 53.8 33.8 0.0 9.5 2.9 0.0 0.0 0.0 0.0
2002 54.8 33.9 0.0 8.9 2.4 0.0 0.0 0.0 0.0
2003 64.9 28.6 0.0 6.4 0.1 0.0 0.0 0.0 0.0
2004 64.3 30.4 0.0 5.3 0.0 0.0 0.0 0.0 0.0
2005 65.0 29.8 0.0 5.2 0.0 0.0 0.0 0.0 0.0
2006 67.0 27.6 0.0 5.3 0.1 0.0 0.0 0.0 0.0
2007 66.2 27.0 0.0 6.8 0.0 0.0 0.0 0.0 0.0
2008 63.2 27.3 0.0 9.3 0.1 0.0 0.0 0.1 0.0
2009 68.0 24.8 0.0 5.5 0.0 0.0 0.0 1.7 0.0
2010 66.8 24.1 0.0 5.3 0.1 0.0 0.0 3.6 0.0
2011 65.2 22.6 0.0 6.3 0.0 0.0 2.2 3.7 0.0
2012 65.2 17.9 0.0 5.3 0.0 0.0 5.0 6.4 0.0
2013 67.6 15.3 0.0 6.4 0.0 0.0 3.9 6.7 0.0
2014 64.0 16.2 0.0 6.6 0.0 0.0 4.2 8.9 0.0
2015 60.6 16.0 0.0 7.4 0.0 0.0 3.5 12.0 0.0
2016 61.1 16.2 0.0 7.1 0.0 0.0 4.1 10.8 0.0
2017 64.1 16.6 5.5 6.4 -0.1 0.0 3.7 3.7 0.0
2018 55.0 17.1 6.9 7.5 0.3 0.0 3.9 9.3 0.0

Source: Public Plans Database


Annual Return as of December 31 for Alameda County ERS, 2001-2018

Fiscal Year Alameda County ERS Assumed return
2001 -3.10 null
2002 -6.80 null
2003 26.70 8.00
2004 12.30 7.80
2005 8.80 7.90
2006 14.40 8.00
2007 8.80 8.00
2008 -30.30 8.00
2009 26.60 7.90
2010 14.60 7.90
2011 -0.40 7.80
2012 15.00 7.80
2013 20.20 7.80
2014 4.66 7.60
2015 0.37 7.60
2016 7.44 7.60
2017 19.50 7.60
2018 -4.05 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Alameda County ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -96.0 3,517.1
2002 -88.5 3,182.9
2003 -71.6 3,920.0
2004 -54.6 4,322.4
2005 -61.3 4,619.2
2006 -37.8 4,647.5
2007 -63.5 4,878.8
2008 -80.4 3,117.5
2009 -90.6 4,006.8
2010 -95.9 4,589.4
2011 -106.5 4,460.0
2012 -115.9 5,085.2
2013 -137.3 5,988.8
2014 -134.7 6,023.6
2015 -145.7 5,812.4
2016 -144.4 6,119.5
2017 -163.0 7,248.3
2018 -167.8 6,702.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Alameda County ERS
2001-2018

Fiscal Year Alameda County ERS National Average
2001 -2.7 -2.0
2002 -2.8 -2.7
2003 -1.8 -2.2
2004 -1.3 -1.6
2005 -1.3 -2.0
2006 -0.8 -1.9
2007 -1.3 -2.0
2008 -2.6 -3.0
2009 -2.3 -2.6
2010 -2.1 -2.4
2011 -2.4 -2.7
2012 -2.3 -2.6
2013 -2.3 -2.3
2014 -2.2 -2.3
2015 -2.5 -2.7
2016 -2.4 -2.2
2017 -2.2 -2.7
2018 -2.5 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Alameda County ERS benefit descriptions.