Oklahoma City ERS Basics

  • Established 1958
  • 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, Oklahoma City ERS, 2002-2019

Fiscal Year Net Assets (billions)
2002 0.34
2003 0.36
2004 0.41
2005 0.44
2006 0.47
2007 0.53
2008 0.50
2009 0.41
2010 0.45
2011 0.52
2012 0.52
2013 0.58
2014 0.66
2015 0.67
2016 0.65
2017 0.70
2018 0.74
2019 0.76

Source: Public Plans Database

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Number of Actives per Annuitant, 2002-2019

Fiscal Year Oklahoma City ERS US State and Local Pensions
2002 2.6 2.4
2003 2.4 2.3
2004 2.3 2.2
2005 2.2 2.1
2006 2.1 2.1
2007 2.1 2.0
2008 2.1 2.0
2009 2.1 1.9
2010 2.0 1.8
2011 1.8 1.7
2012 1.8 1.6
2013 1.9 1.5
2014 1.8 1.5
2015 1.8 1.5
2016 1.8 1.4
2017 1.7 1.4
2018 1.6 1.3
2019 1.5 1.3

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 Oklahoma City ERS, 2002-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2002 7.2 0.0 4.8 7.2
2003 7.2 0.0 5.7 7.2
2004 7.0 0.0 7.3 7.0
2005 7.3 0.0 9.0 7.3
2006 8.6 0.0 9.3 8.6
2007 8.9 0.0 10.0 8.9
2008 7.2 0.0 10.4 7.2
2009 null null 10.2 5.5
2010 null null 10.5 5.0
2011 null null 12.5 6.2
2012 null null 12.9 7.7
2013 null null 13.9 9.0
2014 7.4 0.1 14.5 7.5
2015 6.6 0.0 14.9 6.6
2016 5.8 0.0 14.8 5.8
2017 5.4 0.0 15.1 4.8
2018 5.7 0.0 18.1 5.5
2019 5.4 0.0 18.8 5.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Oklahoma City ERS, 2008-2019

Fiscal Year Oklahoma City ERS National Data
2008 108.0 90.2
2009 101.8 83.2
2010 95.1 81.5
2011 92.6 80.4
2012 86.6 78.9
2013 98.9 78.7
2014 101.3 79.0
2015 103.5 78.2
2016 104.9 76.3
2017 104.7 76.4
2018 103.5 76.5
2019 99.6 76.1

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 Oklahoma City ERS, 2019

Category Percent
Equities 47.1
Fixed Income 20.2
Private Equity 4.9
Real Estate 0.0
Cash 0.0
Other 2.2
Commodities 12.1
Hedge Fund 13.5
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 Oklahoma City ERS, 2002-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2002 55.6 43.3 0.0 0.0 0.0 1.1 0.0 0.0 0.0
2003 59.3 39.9 0.0 0.0 0.0 0.8 0.0 0.0 0.0
2004 null null null null null null null null null
2005 53.0 37.8 0.0 0.0 0.0 0.4 0.0 8.9 0.0
2006 53.8 36.7 0.0 0.0 0.0 0.6 0.0 8.9 0.0
2007 51.0 34.5 0.0 0.0 0.0 1.6 0.0 12.9 0.0
2008 44.9 34.5 0.0 4.8 0.0 0.7 0.0 15.1 0.0
2009 42.3 34.7 0.8 4.2 0.0 0.8 0.0 17.2 0.0
2010 44.0 33.9 1.3 3.6 0.0 1.0 0.0 16.2 0.0
2011 49.0 29.1 1.4 5.0 0.0 0.5 0.0 15.0 0.0
2012 44.2 29.4 2.0 5.8 0.0 0.5 0.0 14.7 0.0
2013 50.6 25.2 2.6 6.0 0.0 0.7 0.0 15.0 0.0
2014 53.0 22.3 2.9 6.5 0.0 0.4 0.0 14.9 0.0
2015 47.6 20.8 3.5 0.0 0.0 0.5 12.1 15.5 0.0
2016 47.8 20.8 4.1 0.0 0.0 0.4 12.5 14.4 0.0
2017 47.6 20.4 4.1 0.0 0.0 1.5 11.9 14.5 0.0
2018 48.8 19.7 4.2 0.0 0.0 0.9 12.3 14.2 0.0
2019 47.1 20.2 4.9 0.0 0.0 2.2 12.1 13.5 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Oklahoma City ERS, 2002-2019

Fiscal Year Oklahoma City ERS Assumed return
2002 -9.10 8.00
2003 14.70 8.00
2004 14.36 8.00
2005 8.60 8.00
2006 7.90 8.00
2007 15.40 8.00
2008 -4.90 8.00
2009 -15.90 8.00
2010 11.90 8.00
2011 19.40 8.00
2012 2.40 8.00
2013 12.70 7.50
2014 17.00 7.50
2015 4.30 7.50
2016 0.30 7.40
2017 8.10 7.40
2018 8.40 7.10
2019 5.50 7.10

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Oklahoma City ERS
2002-2019

Fiscal Year Cash Flow Assets
2002 -1.2 338.6
2003 -1.6 359.2
2004 -3.2 407.4
2005 -4.2 436.8
2006 -3.7 466.1
2007 -4.0 529.9
2008 -6.7 504.8
2009 -9.1 411.9
2010 -10.8 445.2
2011 -11.1 518.0
2012 -9.3 519.1
2013 -7.7 575.2
2014 -11.5 658.5
2015 -13.6 670.2
2016 -16.3 649.1
2017 -19.3 702.1
2018 -21.0 739.6
2019 -22.9 755.5

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Oklahoma City ERS
2002-2019

Fiscal Year Oklahoma City ERS National Average
2002 -0.3 -2.3
2003 -0.4 -2.6
2004 -0.8 -1.7
2005 -1.0 -1.9
2006 -0.8 -1.9
2007 -0.8 -1.7
2008 -1.3 -1.9
2009 -2.2 -2.7
2010 -2.4 -2.9
2011 -2.1 -2.8
2012 -1.8 -3.1
2013 -1.3 -3.0
2014 -1.7 -2.7
2015 -2.0 -2.8
2016 -2.5 -3.0
2017 -2.7 -2.9
2018 -2.8 -2.4
2019 -3.0 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports