Tucson Supplemental RS Basics

  • Established 1953
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Tucson Supplemental RS, 2001-2018

Fiscal Year Net Assets (billions)
2001 0.5
2002 0.4
2003 0.4
2004 0.5
2005 0.6
2006 0.6
2007 0.7
2008 0.7
2009 0.5
2010 0.5
2011 0.6
2012 0.6
2013 0.6
2014 0.7
2015 0.7
2016 0.7
2017 0.8
2018 0.8

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Tucson Supplemental RS US State and Local Pensions
2001 2.7 2.5
2002 2.5 2.4
2003 1.9 2.3
2004 2.0 2.2
2005 2.0 2.1
2006 1.7 2.1
2007 1.6 2.0
2008 1.4 2.0
2009 1.3 1.9
2010 1.2 1.8
2011 1.0 1.7
2012 1.0 1.6
2013 1.0 1.5
2014 1.0 1.5
2015 0.9 1.5
2016 0.8 1.4
2017 0.8 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 Tucson Supplemental RS, 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 7.0 0.0 5.0 7.0 7.0
2002 5.9 0.0 4.8 5.9 5.9
2003 8.9 0.0 5.7 8.9 8.9
2004 12.3 0.0 7.3 12.3 12.3
2005 13.4 0.0 9.0 13.4 13.4
2006 15.2 0.0 9.3 15.2 15.2
2007 16.3 0.0 10.0 16.3 16.3
2008 16.4 0.0 10.4 16.4 16.4
2009 16.2 0.0 10.2 16.2 16.2
2010 19.5 0.0 10.5 19.5 19.5
2011 23.6 0.0 12.5 23.6 23.6
2012 27.9 0.0 12.9 27.9 27.9
2013 27.4 0.0 13.9 27.4 27.4
2014 27.0 0.0 14.5 27.0 27.0
2015 27.5 0.0 14.9 27.0 27.0
2016 28.8 0.0 14.8 28.3 28.3
2017 27.2 0.0 15.1 25.2 25.2
2018 26.9 0.0 18.1 25.2 25.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Tucson Supplemental RS, 2001-2018

Fiscal Year Tucson Supplemental RS National Data
2001 95.0 106.5
2002 83.6 101.1
2003 76.3 94.2
2004 76.7 93.1
2005 77.6 91.1
2006 79.9 90.5
2007 83.1 91.2
2008 79.1 90.2
2009 77.4 83.2
2010 71.0 81.5
2011 67.3 80.4
2012 63.5 78.9
2013 63.3 78.7
2014 64.8 79.0
2015 69.2 78.2
2016 71.1 76.3
2017 74.1 76.4
2018 76.2 76.5

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 Tucson Supplemental RS, 2018

Category Percent
Equities 60.5
Fixed Income 25.6
Private Equity 0.0
Real Estate 9.5
Cash 0.1
Other 0.0
Commodities 4.3
Hedge Fund 0.0
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 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Tucson Supplemental RS, 2004-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2004 69.7 25.3 0.0 4.9 0.0 0.0 0.0 0.0 0.0
2005 66.1 28.4 0.0 5.4 0.1 0.0 0.0 0.0 0.0
2006 63.7 28.5 0.0 7.8 0.0 0.0 0.0 0.0 0.0
2007 63.7 27.9 0.0 8.4 0.0 0.0 0.0 0.0 0.0
2008 63.7 27.9 0.0 8.4 0.0 0.0 0.0 0.0 0.0
2009 57.6 28.9 0.0 8.2 0.0 0.0 5.3 0.0 0.0
2010 59.2 29.0 0.0 6.1 0.1 0.0 5.6 0.0 0.0
2011 61.7 26.3 0.0 5.9 0.1 0.0 6.0 0.0 0.0
2012 59.2 25.5 0.0 8.5 0.1 0.0 6.7 0.0 0.0
2013 62.4 23.6 0.0 7.6 0.2 0.0 6.2 0.0 0.0
2014 64.2 22.1 0.0 7.5 0.3 0.0 5.9 0.0 0.0
2015 64.3 22.2 0.0 8.0 0.1 0.0 5.4 0.0 0.0
2016 57.4 26.7 0.0 8.8 0.3 0.0 6.8 0.0 0.0
2017 58.8 25.5 0.0 9.5 0.2 0.0 6.0 0.0 0.0
2018 60.5 25.6 0.0 9.5 0.1 0.0 4.3 0.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for Tucson Supplemental RS, 2001-2018

Fiscal Year Tucson Supplemental RS Assumed return
2001 -8.10 8.00
2002 -8.10 8.00
2003 3.30 8.00
2004 17.80 7.75
2005 9.30 7.75
2006 10.70 7.75
2007 17.19 7.75
2008 -4.63 7.75
2009 -20.96 7.75
2010 11.60 7.75
2011 23.19 7.75
2012 2.39 7.75
2013 14.84 7.75
2014 19.64 7.25
2015 4.60 7.25
2016 2.33 7.25
2017 14.77 7.25
2018 9.90 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Tucson Supplemental RS
2001-2018

Fiscal Year Cash Flow Assets
2001 -2.3 470.7
2002 2.4 433.1
2003 0.1 445.9
2004 -7.1 515.5
2005 -1.3 559.1
2006 -1.3 615.4
2007 -18.7 696.0
2008 -12.5 650.2
2009 -24.5 484.6
2010 -20.8 514.1
2011 -28.7 599.7
2012 -27.8 580.4
2013 -20.8 641.0
2014 -25.2 735.7
2015 -26.7 739.8
2016 -31.1 726.8
2017 -34.7 789.9
2018 -36.0 823.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Tucson Supplemental RS
2001-2018

Fiscal Year Tucson Supplemental RS National Average
2001 -0.5 -2.3
2002 0.6 -2.3
2003 0.0 -2.6
2004 -1.4 -1.7
2005 -0.2 -1.9
2006 -0.2 -1.9
2007 -2.7 -1.7
2008 -1.9 -1.9
2009 -5.1 -2.7
2010 -4.0 -2.9
2011 -4.8 -2.8
2012 -4.8 -3.1
2013 -3.2 -3.0
2014 -3.4 -2.7
2015 -3.6 -2.8
2016 -4.3 -3.0
2017 -4.4 -2.9
2018 -4.4 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports