Nashville-Davidson ERS Basics

  • Established 1963
  • Currently open to new hires
  • Plan covers local employees
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Nashville-Davidson ERS, 2002-2019

Fiscal Year Net Assets (billions)
2002 1.3
2003 1.3
2004 1.5
2005 1.6
2006 1.8
2007 2.1
2008 2.1
2009 1.6
2010 1.8
2011 2.1
2012 2.1
2013 2.3
2014 2.7
2015 2.8
2016 2.7
2017 3.0
2018 3.1
2019 3.3

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Nashville-Davidson ERS US State and Local Pensions
2001 2.6 2.2
2002 2.5 2.2
2003 2.5 2.2
2004 2.4 2.2
2005 2.2 2.1
2006 2.1 2.0
2007 2.1 2.0
2008 2.1 1.9
2009 2.1 1.8
2010 1.8 1.8
2011 1.8 1.7
2012 1.7 1.6
2013 1.6 1.5
2014 1.4 1.5
2015 1.4 1.4
2016 1.3 1.4
2017 1.3 1.5
2018 1.3 1.5
2019 1.3 1.5

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 Nashville-Davidson ERS, 2001-2019

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 7.2 0.0 9.5 5.5 5.5
2002 6.1 0.0 10.1 6.1 6.1
2003 6.5 2.2 10.4 8.6 8.6
2004 9.3 2.5 11.1 11.8 11.8
2005 12.4 1.7 12.1 14.1 14.1
2006 13.3 2.0 12.3 15.3 15.3
2007 16.1 0.1 11.6 16.2 16.2
2008 16.4 0.0 10.1 12.3 12.3
2009 12.9 0.0 11.5 11.0 11.0
2010 13.0 4.7 12.8 17.7 17.7
2011 14.3 0.1 13.6 14.3 14.3
2012 14.5 1.7 14.4 16.2 16.2
2013 14.7 2.7 16.7 17.3 17.3
2014 17.1 3.1 16.5 20.2 20.2
2015 17.7 0.0 17.0 15.0 15.0
2016 15.9 0.0 17.0 11.2 11.2
2017 12.8 0.0 14.3 10.2 10.2
2018 12.3 0.0 14.7 10.6 10.6
2019 12.4 0.0 15.2 11.3 11.3

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Nashville-Davidson ERS, 2001-2019

Fiscal Year Nashville-Davidson ERS National Data
2001 94.1 98.7
2002 94.1 85.4
2003 92.9 83.7
2004 93.2 84.1
2005 88.1 83.5
2006 87.1 86.8
2007 89.6 89.5
2008 91.2 77.0
2009 84.6 73.3
2010 90.8 75.5
2011 88.7 73.4
2012 84.7 74.9
2013 82.6 75.4
2014 91.1 77.4
2015 95.1 79.1
2016 96.0 76.5
2017 95.4 77.6
2018 94.9 75.6
2019 94.9 75.8

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 Nashville-Davidson ERS, 2019

Category Percent
Equities 25.9
Fixed Income 35.8
Private Equity 19.3
Real Estate 0.0
Cash 1.0
Other 0.3
Commodities 11.6
Hedge Fund 6.2
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Nashville-Davidson ERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 null null null null null null null null null
2006 null null null null null null null null null
2007 null null null null null null null null null
2008 null null null null null null null null null
2009 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
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 25.7 38.4 15.3 0.0 2.2 0.1 11.3 7.0 0.0
2017 24.2 39.6 16.9 0.0 2.2 0.0 10.9 6.1 0.0
2018 27.4 37.5 16.9 0.0 1.0 0.2 10.8 6.2 0.0
2019 25.9 35.8 19.3 0.0 1.0 0.3 11.6 6.2 0.0

Source: Public Plans Database


Annual Return as of June 30 for Nashville-Davidson ERS, 2002-2019

Fiscal Year Nashville-Davidson ERS Assumed return
2002 -7.30 8.00
2003 5.60 8.00
2004 16.57 8.00
2005 8.57 8.00
2006 13.33 8.00
2007 18.43 8.00
2008 -3.30 8.00
2009 -21.22 8.00
2010 15.01 8.00
2011 20.72 8.00
2012 0.86 7.50
2013 13.76 7.50
2014 17.83 7.50
2015 4.87 7.50
2016 0.64 7.50
2017 12.87 7.25
2018 6.79 7.25
2019 6.14 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Nashville-Davidson ERS
2002-2019

Fiscal Year Cash Flow Assets
2002 -30.5 1,272.2
2003 -30.1 1,312.5
2004 -23.6 1,504.4
2005 -23.9 1,608.4
2006 -11.8 1,810.2
2007 -2.1 2,141.4
2008 -3.4 2,067.6
2009 -27.3 1,604.4
2010 -35.2 1,807.5
2011 -34.7 2,143.7
2012 -42.3 2,119.6
2013 -64.5 2,342.3
2014 -55.2 2,697.4
2015 -58.4 2,763.5
2016 -81.6 2,688.2
2017 -89.0 2,968.3
2018 -93.9 3,116.6
2019 -102.4 3,255.0

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Nashville-Davidson ERS
2002-2019

Fiscal Year Nashville-Davidson ERS National Average
2002 -2.4 -1.0
2003 -2.3 -0.9
2004 -1.6 -0.5
2005 -1.5 -0.5
2006 -0.7 -0.6
2007 -0.1 -0.6
2008 -0.2 -0.8
2009 -1.7 -1.4
2010 -1.9 -1.3
2011 -1.6 -1.6
2012 -2.0 -1.6
2013 -2.8 -2.0
2014 -2.0 -1.8
2015 -2.1 -0.5
2016 -3.0 -2.4
2017 -3.0 -2.3
2018 -3.0 -2.6
2019 -3.1 -2.6

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Nashville-Davidson ERS benefit descriptions.