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, 2005-2018

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

Source: Public Plans Database

Number of Actives per Annuitant, 2005-2018

Fiscal Year Lexington-Fayette County Police and Fire US State and Local Pensions
2005 1.2 1.6
2006 1.3 1.5
2007 1.3 1.5
2008 1.2 1.5
2009 1.3 1.5
2010 1.2 1.4
2011 1.1 1.3
2012 1.0 1.3
2013 1.0 1.2
2014 1.0 1.2
2015 1.0 1.2
2016 1.0 1.2
2017 1.0 1.3
2018 1.0 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 Lexington-Fayette County Police and Fire, 2005-2018

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}
2005 22.6 10.3 21.2 33.0 33.0
2006 24.7 0.0 23.7 22.2 22.2
2007 28.6 1.8 25.5 30.4 30.4
2008 30.6 13.4 28.0 44.0 44.0
2009 127.8 0.0 29.1 43.6 43.6
2010 81.7 0.0 29.3 50.7 50.7
2011 22.4 21.5 31.2 43.9 43.9
2012 87.2 0.0 33.6 52.6 52.6
2013 35.7 0.0 34.7 35.7 35.7
2014 36.7 0.0 33.8 36.7 36.7
2015 36.6 0.0 33.7 36.6 36.6
2016 38.8 0.0 34.0 38.8 38.8
2017 40.5 0.0 33.3 40.5 40.5
2018 35.3 0.0 35.6 35.3 35.3

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Lexington-Fayette County Police and Fire, 2005-2018

Fiscal Year Lexington-Fayette County Police and Fire National Data
2005 68.3 83.2
2006 62.8 80.8
2007 63.3 80.2
2008 62.9 79.6
2009 63.1 77.6
2010 69.4 73.2
2011 66.0 72.2
2012 76.5 71.9
2013 72.3 72.7
2014 76.2 72.2
2015 78.4 72.4
2016 77.8 72.2
2017 72.4 74.0
2018 74.1 74.7

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 Lexington-Fayette County Police and Fire, 2018

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

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 Lexington-Fayette County Police and Fire, 2005-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
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

Source: Public Plans Database


Annual Return as of June 30 for Lexington-Fayette County Police and Fire, 2005-2018

Fiscal Year Lexington-Fayette County Police and Fire Assumed return
2005 11.10 8.00
2006 7.24 8.00
2007 13.10 8.00
2008 -0.85 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

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Lexington-Fayette County Police and Fire
2005-2018

Fiscal Year Cash Flow Assets
2005 -10.2 355.5
2006 -9.8 371.0
2007 -9.4 409.6
2008 -7.7 398.5
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

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Lexington-Fayette County Police and Fire
2005-2018

Fiscal Year Lexington-Fayette County Police and Fire National Average
2005 -2.9 -2.4
2006 -2.6 -1.8
2007 -2.3 -1.2
2008 -1.9 -0.8
2009 15.3 -0.8
2010 4.6 -1.1
2011 -3.7 -2.4
2012 2.2 -1.1
2013 -2.9 -1.1
2014 -2.6 -3.3
2015 -2.9 -1.9
2016 -3.1 -1.7
2017 -2.3 -3.1
2018 -2.8 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports