Jacksonville ERS Basics

  • Established
  • Currently closed to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Jacksonville ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 1.4
2002 1.3
2003 1.4
2004 1.5
2005 1.6
2006 1.7
2007 1.8
2008 1.4
2009 1.4
2010 1.5
2011 1.4
2012 1.6
2013 1.7
2014 1.8
2015 1.7
2016 1.8
2017 2.0
2018 2.1

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Jacksonville ERS US State and Local Pensions
2001 1.3 2.5
2002 1.4 2.4
2003 1.3 2.3
2004 1.2 2.2
2005 1.2 2.1
2006 1.2 2.1
2007 1.2 2.0
2008 1.2 2.0
2009 1.3 1.9
2010 1.4 1.8
2011 1.3 1.7
2012 1.1 1.6
2013 1.0 1.5
2014 1.0 1.5
2015 1.0 1.5
2016 0.9 1.4
2017 0.9 1.4
2018 0.8 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 Jacksonville 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 5.2 0.0 5.0 5.2 5.2
2002 5.2 0.0 4.8 5.2 5.2
2003 8.0 0.0 5.7 8.0 8.0
2004 10.9 0.0 7.3 10.9 10.9
2005 11.0 0.0 9.0 11.0 11.0
2006 12.1 0.0 9.3 12.1 12.1
2007 11.9 0.0 10.0 11.8 11.8
2008 11.2 0.0 10.4 11.2 11.2
2009 14.7 0.0 10.2 14.0 14.0
2010 12.6 0.0 10.5 12.0 12.0
2011 12.5 0.0 12.5 12.5 12.5
2012 17.6 2.7 12.9 20.3 20.3
2013 20.9 4.2 14.0 25.1 25.1
2014 27.1 3.9 14.4 31.0 31.0
2015 32.2 1.7 14.9 33.9 33.9
2016 33.8 1.7 14.8 35.5 35.5
2017 36.7 0.0 15.1 36.7 36.7
2018 28.0 0.0 15.9 27.6 27.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Jacksonville ERS, 2001-2018

Fiscal Year Jacksonville ERS National Data
2001 96.6 106.5
2002 93.3 101.1
2003 88.5 94.2
2004 82.7 93.1
2005 86.7 91.1
2006 87.9 90.5
2007 89.9 91.2
2008 83.5 90.2
2009 77.1 83.2
2010 75.9 81.5
2011 71.4 80.4
2012 62.4 78.9
2013 62.3 78.7
2014 65.8 79.0
2015 66.8 78.2
2016 64.6 76.3
2017 64.4 76.4
2018 63.2 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 Jacksonville ERS, 2018

Category Percent
Equities 59.0
Fixed Income 18.2
Private Equity 0.0
Real Estate 15.8
Cash 0.2
Other 0.0
Commodities 0.0
Hedge Fund 6.9
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 Jacksonville ERS, 2001-2018

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 60.7 20.1 7.7 11.5 0.0 0.0 0.0 0.0 0.0
2015 58.3 20.5 6.2 15.0 0.0 0.0 0.0 0.0 0.0
2016 55.6 18.6 6.4 19.3 0.0 0.0 0.0 0.0 0.0
2017 null null null null null null null null null
2018 59.0 18.2 0.0 15.8 0.2 0.0 0.0 6.9 0.0

Source: Public Plans Database


Annual Return as of September 30 for Jacksonville ERS, 2001-2018

Fiscal Year Jacksonville ERS Assumed return
2001 -2.83 null
2002 -4.94 8.40
2003 16.39 8.40
2004 12.42 8.40
2005 9.37 8.40
2006 8.38 8.40
2007 14.38 8.40
2008 -15.35 8.40
2009 0.33 8.33
2010 11.54 8.25
2011 1.20 8.25
2012 18.88 7.75
2013 17.63 7.75
2014 12.06 7.50
2015 -1.67 7.50
2016 9.93 7.40
2017 15.21 7.20
2018 7.87 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

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

Fiscal Year Cash Flow Assets
2001 -60.4 1,426.9
2002 -63.2 1,294.9
2003 -65.1 1,436.6
2004 -63.7 1,547.4
2005 -61.6 1,627.8
2006 -71.9 1,688.6
2007 -59.5 1,782.5
2008 -65.8 1,442.7
2009 -70.7 1,367.7
2010 -59.7 1,456.1
2011 -80.1 1,385.3
2012 -81.0 1,558.6
2013 -89.9 1,733.3
2014 -80.2 1,848.2
2015 -68.8 1,739.9
2016 -77.7 1,829.2
2017 -75.7 2,019.7
2018 -91.5 2,085.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Jacksonville ERS
2001-2018

Fiscal Year Jacksonville ERS National Average
2001 -4.2 -2.3
2002 -4.9 -2.3
2003 -4.5 -2.6
2004 -4.1 -1.7
2005 -3.8 -1.9
2006 -4.3 -1.9
2007 -3.3 -1.7
2008 -4.6 -1.9
2009 -5.2 -2.7
2010 -4.1 -2.9
2011 -5.8 -2.8
2012 -5.2 -3.1
2013 -5.2 -3.0
2014 -4.3 -2.7
2015 -4.0 -2.8
2016 -4.2 -3.0
2017 -3.7 -2.9
2018 -4.4 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Jacksonville ERS benefit descriptions.