Colorado State Basics

  • Established 1931
  • Currently open to new hires
  • Plan covers state employees
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Colorado State, 2005-2018

Fiscal Year Net Assets (billions)
2005 32.0
2006 14.0
2007 14.9
2008 10.5
2009 11.6
2010 12.5
2011 12.0
2012 12.8
2013 14.0
2014 14.0
2015 13.5
2016 13.6
2017 15.2
2018 14.0

Source: Public Plans Database

Number of Actives per Annuitant, 2005-2018

Fiscal Year Colorado State US State and Local Pensions
2005 1.9 2.5
2006 1.8 2.4
2007 1.8 2.3
2008 1.8 2.2
2009 1.7 2.1
2010 1.7 1.8
2011 1.7 1.7
2012 1.6 1.7
2013 1.6 1.6
2014 1.5 1.5
2015 1.5 1.5
2016 1.5 1.5
2017 1.4 1.5
2018 1.4 1.4

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 Colorado State, 2005-2018

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}
2005 9.3 10.0 12.1 19.3 19.3
2006 10.0 7.2 12.3 17.2 17.2
2007 10.3 6.9 11.6 17.2 17.2
2008 11.3 7.2 10.1 18.4 18.4
2009 12.4 5.6 11.5 17.9 17.9
2010 11.7 7.2 12.8 18.9 18.9
2011 11.6 2.0 13.6 13.6 13.6
2012 13.7 2.8 14.4 16.5 16.5
2013 15.8 4.2 16.6 20.0 20.0
2014 17.3 3.5 16.4 20.8 20.8
2015 18.3 4.5 17.0 22.8 22.8
2016 19.3 3.5 17.0 22.8 22.8
2017 20.3 2.9 14.3 23.2 23.2
2018 22.8 4.0 14.7 26.8 26.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Colorado State, 2005-2018

Fiscal Year Colorado State National Data
2005 71.5 83.5
2006 73.0 86.8
2007 73.3 89.5
2008 67.9 77.0
2009 67.0 73.3
2010 62.8 75.5
2011 57.7 73.4
2012 59.2 74.9
2013 57.5 75.4
2014 57.8 77.4
2015 57.6 79.1
2016 54.6 76.5
2017 57.5 77.6
2018 56.1 75.6

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 Colorado State, 2018

Category Percent
Equities 53.4
Fixed Income 24.0
Private Equity 8.8
Real Estate 9.6
Cash 0.6
Other 0.0
Commodities 0.0
Hedge Fund 3.6
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 Colorado State, 2005-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2005 60.2 23.4 8.6 6.1 0.6 0.0 1.1 0.0 0.0
2006 59.5 23.5 8.3 6.9 0.7 0.0 1.1 0.0 0.0
2007 59.0 23.9 7.7 7.6 0.7 0.0 1.1 0.0 0.0
2008 51.6 26.6 8.9 8.9 2.5 0.0 0.0 1.5 0.0
2009 58.9 22.4 9.6 6.0 1.2 0.0 0.0 1.9 0.0
2010 57.7 22.9 9.3 7.0 0.6 0.0 0.0 2.1 0.0
2011 55.5 23.6 9.3 8.6 0.9 0.0 0.0 2.1 0.0
2012 56.5 23.3 8.7 8.1 0.9 0.0 0.0 2.5 0.0
2013 58.4 23.4 7.8 7.1 0.8 0.0 0.0 2.5 0.0
2014 56.5 24.9 7.8 7.4 0.9 0.0 0.0 2.5 0.0
2015 55.5 24.7 8.2 8.6 0.8 0.0 0.0 2.2 0.0
2016 55.9 22.7 8.4 9.0 1.4 0.0 0.0 2.6 0.0
2017 57.7 21.9 8.0 8.6 0.4 0.0 0.0 3.4 0.0
2018 53.4 24.0 8.8 9.6 0.6 0.0 0.0 3.6 0.0

Source: Public Plans Database


Annual Return as of December 31 for Colorado State, 2005-2018

Fiscal Year Colorado State Assumed return
2005 9.80 8.50
2006 15.70 8.50
2007 10.00 8.50
2008 -26.00 8.50
2009 17.40 8.00
2010 14.00 8.00
2011 1.90 8.00
2012 12.90 8.00
2013 15.60 7.50
2014 5.70 7.50
2015 1.50 7.50
2016 7.30 7.25
2017 18.10 7.25
2018 -3.50 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Colorado State
2005-2018

Fiscal Year Cash Flow Assets
2005 -891.1 31,956.7
2006 -509.7 14,041.3
2007 -577.5 14,852.0
2008 -597.9 10,508.3
2009 -639.1 11,611.8
2010 -677.8 12,487.1
2011 -697.4 12,022.7
2012 -736.7 12,797.4
2013 -753.4 13,980.5
2014 -750.6 14,013.9
2015 -768.8 13,460.5
2016 -791.0 13,626.2
2017 -810.0 15,223.7
2018 -767.6 13,966.4

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Colorado State
2005-2018

Fiscal Year Colorado State National Average
2005 -2.8 -1.2
2006 -3.6 -1.5
2007 -3.9 -1.6
2008 -5.7 -2.7
2009 -5.5 -2.8
2010 -5.4 -2.9
2011 -5.8 -3.4
2012 -5.8 -3.6
2013 -5.4 -3.2
2014 -5.4 -3.4
2015 -5.7 -3.9
2016 -5.8 -3.8
2017 -5.3 -3.5
2018 -5.5 -3.9

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Colorado State benefit descriptions.