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, 2002-2018

Fiscal Year Net Assets (billions)
2002 0.3
2003 0.4
2004 0.4
2005 0.4
2006 0.5
2007 0.5
2008 0.5
2009 0.4
2010 0.4
2011 0.5
2012 0.5
2013 0.6
2014 0.7
2015 0.7
2016 0.6
2017 0.7
2018 0.7

Source: Public Plans Database

Number of Actives per Annuitant, 2002-2018

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

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}
2002 null null 4.8 null null
2003 null null 5.7 null null
2004 null null 7.3 null null
2005 null null 9.0 null null
2006 null null 9.3 null null
2007 null null 10.0 null null
2008 null null 10.4 5.5 5.5
2009 null null 10.2 5.0 5.0
2010 null null 10.5 6.2 6.2
2011 null null 12.5 7.7 7.7
2012 null null 12.9 9.0 9.0
2013 null null 14.0 8.9 8.9
2014 6.4 0.0 14.4 6.5 6.5
2015 6.2 0.0 14.9 6.2 6.2
2016 5.5 0.0 14.8 5.5 5.5
2017 6.4 0.0 15.1 5.7 5.7
2018 5.2 0.0 15.9 5.1 5.1

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Oklahoma City ERS, 2008-2018

Fiscal Year Oklahoma City ERS National Data
2008 101.8 90.2
2009 95.1 83.2
2010 92.6 81.5
2011 86.6 80.4
2012 98.9 78.9
2013 101.3 78.7
2014 103.5 79.0
2015 104.9 78.2
2016 104.7 76.3
2017 103.5 76.4
2018 99.6 76.6

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 Oklahoma City ERS, 2018

Category Percent
Equities 48.8
Fixed Income 19.7
Private Equity 4.2
Real Estate 0.0
Cash 0.0
Other 0.9
Commodities 12.3
Hedge Fund 14.2
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 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Oklahoma City ERS, 2002-2018

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

Source: Public Plans Database


Annual Return as of June 30 for Oklahoma City ERS, 2002-2018

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 7.40
2016 0.30 7.40
2017 8.10 7.10
2018 8.40 7.10

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Oklahoma City ERS
2002-2018

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

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Oklahoma City ERS
2002-2018

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

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports