Wichita ERS Basics

  • Established 1948
  • 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, Wichita ERS, 2001-2018

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

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Wichita ERS US State and Local Pensions
2001 1.0 2.5
2002 0.9 2.4
2003 1.7 2.3
2004 1.7 2.3
2005 1.7 2.2
2006 1.7 2.1
2007 1.6 2.1
2008 1.6 2.1
2009 1.5 2.0
2010 1.4 1.9
2011 1.2 1.7
2012 1.1 1.7
2013 1.1 1.6
2014 1.1 1.5
2015 1.1 1.4
2016 1.1 1.4
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 Wichita ERS, 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 2.8 0.0 5.0 2.8 2.8
2002 4.6 0.0 4.8 4.6 4.6
2003 4.6 0.0 5.7 4.6 4.6
2004 4.5 0.0 7.3 4.5 4.5
2005 5.0 0.0 9.0 5.0 5.0
2006 4.7 0.0 9.3 4.7 4.7
2007 4.7 0.0 10.0 4.7 4.7
2008 4.7 0.0 10.4 4.7 4.7
2009 4.7 0.0 10.2 4.7 4.7
2010 8.4 0.0 10.5 8.4 8.4
2011 10.2 0.0 12.5 10.2 10.2
2012 10.6 0.0 12.9 10.6 10.6
2013 12.6 0.0 13.9 12.6 12.6
2014 13.2 0.0 14.5 13.2 13.2
2015 12.2 0.0 14.9 12.2 12.2
2016 11.6 0.0 14.8 11.6 11.6
2017 12.3 0.0 15.1 12.3 12.3
2018 12.8 0.0 18.1 12.8 12.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Wichita ERS, 2001-2018

Fiscal Year Wichita ERS National Data
2001 121.2 106.5
2002 117.0 101.1
2003 115.4 94.2
2004 112.1 93.1
2005 110.6 91.1
2006 110.2 90.5
2007 110.5 91.2
2008 100.1 90.2
2009 96.3 83.2
2010 95.5 81.5
2011 92.5 80.4
2012 91.0 78.9
2013 93.1 78.7
2014 94.9 79.0
2015 93.8 78.2
2016 92.9 76.3
2017 94.3 76.4
2018 90.9 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 Wichita ERS, 2018

Category Percent
Equities 64.5
Fixed Income 20.0
Private Equity 0.0
Real Estate 7.2
Cash 1.1
Other 0.0
Commodities 7.3
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 Wichita ERS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 67.2 32.5 0.0 0.0 0.3 0.0 0.0 0.0 0.0
2002 58.4 41.4 0.0 0.0 0.2 0.0 0.0 0.0 0.0
2003 65.3 34.0 0.0 0.0 0.7 0.0 0.0 0.0 0.0
2004 69.8 26.9 0.0 2.7 0.6 0.0 0.0 0.0 0.0
2005 69.3 25.1 0.0 5.1 0.5 0.0 0.0 0.0 0.0
2006 70.7 24.0 0.0 5.3 0.1 0.0 0.0 0.0 0.0
2007 68.1 25.7 0.0 5.7 0.1 0.0 0.0 0.0 0.0
2008 58.6 35.2 0.0 6.0 0.2 0.0 0.0 0.0 0.0
2009 67.6 29.3 0.0 2.9 0.2 0.0 0.0 0.0 0.0
2010 71.1 25.8 0.0 3.0 0.2 0.0 0.0 0.0 0.0
2011 67.1 26.8 0.0 3.5 0.2 0.0 2.4 0.0 0.0
2012 66.2 25.5 0.0 3.5 0.2 0.0 4.5 0.0 0.0
2013 71.3 20.9 0.0 5.4 0.3 0.0 2.1 0.0 0.0
2014 67.4 22.5 0.0 5.4 0.4 0.0 4.3 0.0 0.0
2015 61.1 26.9 0.0 5.7 0.1 0.0 6.2 0.0 0.0
2016 66.9 18.0 0.0 6.4 1.0 0.0 7.6 0.0 0.0
2017 68.7 16.9 0.0 6.5 0.8 0.0 7.1 0.0 0.0
2018 64.5 20.0 0.0 7.2 1.1 0.0 7.3 0.0 0.0

Source: Public Plans Database


Annual Return as of December 31 for Wichita ERS, 2001-2018

Fiscal Year Wichita ERS Assumed return
2001 -4.42 7.75
2002 -11.60 null
2003 22.80 null
2004 10.00 7.75
2005 8.96 7.75
2006 15.33 7.75
2007 11.06 7.75
2008 -28.05 7.75
2009 21.96 7.75
2010 13.64 7.75
2011 0.79 7.75
2012 13.78 7.75
2013 20.22 7.75
2014 5.59 7.75
2015 0.21 7.75
2016 7.30 7.90
2017 17.76 7.50
2018 -6.04 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Wichita ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -12.9 413.9
2002 -13.6 352.5
2003 -14.7 415.8
2004 -16.1 440.1
2005 -18.2 459.6
2006 -18.1 510.4
2007 -20.8 545.9
2008 -21.5 375.9
2009 -23.3 432.3
2010 -23.4 465.3
2011 -26.0 444.6
2012 -24.9 479.7
2013 -26.1 548.2
2014 -26.8 552.2
2015 -25.6 541.2
2016 -27.4 549.8
2017 -26.8 614.8
2018 -28.6 546.7

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Wichita ERS
2001-2018

Fiscal Year Wichita ERS National Average
2001 -3.1 -2.0
2002 -3.8 -2.7
2003 -3.5 -2.2
2004 -3.6 -1.6
2005 -4.0 -2.0
2006 -3.6 -1.9
2007 -3.8 -2.0
2008 -5.7 -3.0
2009 -5.4 -2.6
2010 -5.0 -2.4
2011 -5.8 -2.7
2012 -5.2 -2.6
2013 -4.8 -2.3
2014 -4.9 -2.3
2015 -4.7 -2.7
2016 -5.0 -2.2
2017 -4.4 -2.7
2018 -5.2 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports