Cincinatti ERS Basics

  • Established 1931
  • 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, Cincinatti ERS, 2001-2019

Fiscal Year Net Assets (billions)
2001 1.62
2002 1.35
2003 1.56
2004 1.62
2005 1.64
2006 1.78
2007 1.83
2008 1.24
2009 1.37
2010 1.45
2011 1.35
2012 1.41
2013 1.43
2014 1.58
2015 1.51
2016 1.65
2017 1.74
2018 1.76
2019 1.72

Source: Public Plans Database

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Number of Actives per Annuitant, 2004-2019

Fiscal Year Cincinatti ERS US State and Local Pensions
2004 0.8 2.2
2005 0.8 2.1
2006 0.8 2.0
2007 0.7 2.0
2008 0.6 1.9
2009 0.7 1.8
2010 0.7 1.8
2011 0.7 1.7
2012 0.7 1.6
2013 0.7 1.5
2014 0.7 1.5
2015 0.6 1.4
2016 0.7 1.4
2017 0.7 1.5
2018 0.7 1.5
2019 0.7 1.5

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 Cincinatti 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
2001 0.0 0.0 9.5 0.0
2002 0.0 0.0 10.1 0.0
2003 4.7 0.0 10.4 2.1
2004 5.2 2.9 11.1 8.1
2005 8.0 8.4 12.1 16.4
2006 9.1 10.4 12.3 19.5
2007 14.2 0.0 11.6 13.2
2008 17.4 3.7 10.1 21.1
2009 21.8 1.8 11.5 23.5
2010 15.6 9.6 12.8 25.3
2011 17.9 30.3 13.6 48.3
2012 18.9 14.4 14.4 33.3
2013 22.3 17.8 16.7 40.1
2014 23.1 24.7 16.5 47.8
2015 17.7 28.2 17.0 45.9
2016 15.2 24.8 17.0 40.0
2017 17.2 8.8 14.3 26.0
2018 17.0 8.1 14.7 25.0
2019 16.4 9.2 15.2 25.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Cincinatti ERS, 2001-2019

Fiscal Year Cincinatti ERS National Data
2001 113.1 98.7
2002 115.4 85.4
2003 102.3 83.7
2004 95.0 84.1
2005 94.7 83.5
2006 93.6 86.8
2007 87.4 89.5
2008 86.2 77.0
2009 71.2 73.3
2010 76.8 75.5
2011 75.1 73.4
2012 66.8 74.9
2013 61.3 75.4
2014 63.2 77.4
2015 64.3 79.1
2016 77.1 76.5
2017 76.9 77.6
2018 75.5 75.6
2019 72.6 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.

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Investments

Asset Allocation for Cincinatti ERS, 2019

Category Percent
Equities 51.0
Fixed Income 17.7
Private Equity 8.0
Real Estate 10.4
Cash 0.7
Other 0.0
Commodities 7.0
Hedge Fund 5.3
Misc. Alternatives 0.0

Source: Public Plans Database

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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.

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Asset allocation for Cincinatti ERS, 2009-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2009 62.3 17.1 4.2 7.0 0.0 0.0 2.7 6.7 0.0
2010 48.0 22.3 5.7 6.0 0.0 0.0 2.5 15.6 0.0
2011 51.4 16.9 6.3 7.1 0.1 0.0 3.3 14.9 0.0
2012 48.9 15.4 7.5 8.2 0.1 0.0 5.4 14.4 0.0
2013 48.7 15.0 7.2 8.0 0.2 0.0 5.9 15.0 0.0
2014 50.9 14.0 6.6 8.1 0.7 0.0 4.8 14.9 0.0
2015 48.9 15.0 6.5 8.8 0.3 0.0 5.2 15.3 0.0
2016 49.4 16.0 7.2 8.7 0.1 0.0 5.9 12.7 0.0
2017 54.1 16.4 7.3 10.3 1.0 0.0 5.0 5.8 0.0
2018 47.7 17.6 9.0 11.4 0.4 0.0 8.7 5.2 0.0
2019 51.0 17.7 8.0 10.4 0.7 0.0 7.0 5.3 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Cincinatti ERS, 2001-2019

Fiscal Year Cincinatti ERS Assumed return
2001 -4.40 8.00
2002 -11.90 8.00
2003 22.30 8.00
2004 10.20 8.00
2005 6.80 8.00
2006 13.20 8.00
2007 8.10 8.00
2008 -27.90 8.00
2009 20.50 8.00
2010 14.10 8.00
2011 1.10 8.00
2012 12.20 7.50
2013 12.50 7.50
2014 18.50 7.50
2015 2.90 7.50
2016 -0.53 7.50
2017 12.11 7.50
2018 7.83 7.50
2019 4.15 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Cincinatti ERS
2001-2019

Fiscal Year Cash Flow Assets
2001 -62.2 1,615.2
2002 -68.2 1,352.6
2003 -79.2 1,555.7
2004 -79.8 1,624.0
2005 -84.3 1,642.6
2006 -81.4 1,777.2
2007 -79.2 1,829.3
2008 -100.3 1,242.1
2009 -99.2 1,370.1
2010 -98.3 1,445.2
2011 -104.9 1,353.8
2012 -103.4 1,409.0
2013 -54.0 1,426.9
2014 -107.0 1,578.8
2015 -117.9 1,510.2
2016 -85.3 1,651.4
2017 -120.4 1,740.4
2018 -118.5 1,762.2
2019 -118.2 1,720.2

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Cincinatti ERS
2001-2019

Fiscal Year Cincinatti ERS National Average
2001 -3.9 -0.8
2002 -5.0 -1.0
2003 -5.1 -0.9
2004 -4.9 -0.5
2005 -5.1 -0.5
2006 -4.6 -0.6
2007 -4.3 -0.6
2008 -8.1 -0.8
2009 -7.2 -1.4
2010 -6.8 -1.3
2011 -7.7 -1.6
2012 -7.3 -1.6
2013 -3.8 -2.0
2014 -6.8 -1.8
2015 -7.8 -0.5
2016 -5.2 -2.4
2017 -6.9 -2.3
2018 -6.7 -2.6
2019 -6.9 -2.6

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Cincinatti ERS benefit descriptions.