Lexington-Fayette County Police and Fire Basics

  • Established 1974
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Lexington-Fayette County Police and Fire, 2005-2023

Fiscal Year Net Assets (billions)
2005 0.36
2006 0.37
2007 0.41
2008 0.40
2009 0.37
2010 0.42
2011 0.49
2012 0.51
2013 0.56
2014 0.64
2015 0.63
2016 0.62
2017 0.70
2018 0.75
2019 0.77
2020 0.79
2021 1.00
2022 0.84
2023 0.89

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Lexington-Fayette County Police and Fire US State and Local Pensions
2001 null 2.4
2002 1.3 2.3
2003 1.2 2.2
2004 1.2 2.1
2005 1.2 2.1
2006 1.3 2.0
2007 1.3 2.0
2008 1.2 1.9
2009 1.3 1.9
2010 1.2 1.8
2011 1.1 1.7
2012 1.0 1.6
2013 1.0 1.5
2014 1.0 1.4
2015 1.0 1.4
2016 1.0 1.4
2017 1.0 1.4
2018 1.0 1.3
2019 0.9 1.3
2020 0.9 1.3
2021 0.8 1.2
2022 0.8 1.2
2023 0.8 1.2

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 Lexington-Fayette County Police and Fire, 2001-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 22.5 6.9 13.5 29.4
2002 23.3 11.4 14.9 34.7
2003 24.7 10.5 19.4 35.2
2004 25.4 16.9 20.1 42.3
2005 22.6 10.3 24.8 33.0
2006 24.7 0.0 26.3 22.2
2007 28.6 1.8 27.8 30.4
2008 30.6 13.4 30.0 44.0
2009 127.8 0.0 32.9 43.6
2010 81.7 0.0 33.2 50.7
2011 22.4 21.5 35.0 43.9
2012 87.2 0.0 36.8 52.6
2013 35.7 0.0 37.5 35.7
2014 36.7 0.0 34.3 36.7
2015 36.6 0.0 35.0 36.6
2016 37.5 0.0 35.6 37.5
2017 40.6 0.0 34.1 40.6
2018 37.7 0.0 35.0 37.7
2019 39.3 0.0 35.8 39.3
2020 41.8 0.0 34.9 41.8
2021 41.8 0.0 36.0 41.8
2022 39.7 0.0 36.5 39.7
2023 null 0.0 35.1 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Lexington-Fayette County Police and Fire, 2001-2023

Fiscal Year Lexington-Fayette County Police and Fire National Data
2001 77.6 101.7
2002 73.1 94.6
2003 66.1 88.8
2004 70.5 87.0
2005 68.3 85.4
2006 62.8 85.2
2007 63.3 86.3
2008 62.9 84.4
2009 63.1 78.4
2010 69.4 75.7
2011 66.0 74.3
2012 76.5 72.3
2013 72.3 71.8
2014 76.2 73.2
2015 78.4 73.2
2016 77.8 71.6
2017 72.4 72.0
2018 74.1 72.4
2019 74.2 72.5
2020 75.0 72.6
2021 79.5 75.8
2022 72.6 76.2
2023 70.7 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Lexington-Fayette County Police and Fire, 2023

Category Percent
Equities null
Fixed Income null
Private Equity null
Real Estate null
Cash null
Other null
Commodities null
Hedge Fund null
Misc. Alternatives null

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Lexington-Fayette County Police and Fire, 2001-2023

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 null null null null null null null null null
2017 null null null null null null null null null
2018 null null null null null null null null null
2019 null null null null null null null null null
2020 null null null null null null null null null
2021 null null null null null null null null null
2022 null null null null null null null null null
2023 null null null null null null null null null

Source: Public Plans Database

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Annual Return as of June 30 for Lexington-Fayette County Police and Fire, 2005-2023

Fiscal Year Lexington-Fayette County Police and Fire Assumed return
2005 11.10 8.00
2006 7.24 8.00
2007 13.73 8.00
2008 -0.38 8.00
2009 -20.24 8.00
2010 8.91 8.00
2011 21.29 8.00
2012 1.38 7.50
2013 12.65 7.50
2014 7.45 7.50
2015 3.08 7.50
2016 -0.23 7.50
2017 6.20 7.50
2018 18.37 7.50
2019 11.09 7.50
2020 9.06 7.50
2021 6.39 7.50
2022 25.24 7.00
2023 -20.88 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Lexington-Fayette County Police and Fire
2005-2023

Fiscal Year Cash Flow Assets
2005 -10.2 355.5
2006 -9.8 371.0
2007 -9.4 411.9
2008 -7.7 400.4
2009 56.5 368.6
2010 19.3 421.6
2011 -18.1 491.4
2012 11.2 509.4
2013 -16.1 556.7
2014 -16.8 636.3
2015 -18.4 634.7
2016 -19.2 619.9
2017 -15.9 695.2
2018 -21.0 745.2
2019 -20.6 766.8
2020 -20.6 790.4
2021 -25.8 995.3
2022 -25.1 842.0
2023 -30.4 888.9

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Lexington-Fayette County Police and Fire
2005-2023

Fiscal Year Lexington-Fayette County Police and Fire National Average
2005 -2.9 -2.2
2006 -2.6 -2.2
2007 -2.3 -2.0
2008 -1.9 -2.1
2009 15.3 -3.1
2010 4.6 -3.2
2011 -3.7 -3.0
2012 2.2 -3.2
2013 -2.9 -3.1
2014 -2.6 -2.9
2015 -2.9 -2.7
2016 -3.1 -2.9
2017 -2.3 -2.8
2018 -2.8 -2.4
2019 -2.7 -2.4
2020 -2.6 -2.3
2021 -2.6 -2.0
2022 -3.0 -1.9
2023 -3.4 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Lexington-Fayette County Police and Fire benefit descriptions.