Contra Costa County Basics

  • Established 1945
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Contra Costa County, 2001-2018

Fiscal Year Net Assets (billions)
2001 2.7
2002 2.4
2003 3.3
2004 3.7
2005 4.2
2006 4.9
2007 5.2
2008 3.7
2009 4.5
2010 5.0
2011 5.1
2012 5.7
2013 6.5
2014 6.9
2015 7.0
2016 7.4
2017 8.4
2018 8.1

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Contra Costa County US State and Local Pensions
2001 1.6 2.5
2002 1.7 2.4
2003 1.6 2.3
2004 1.5 2.3
2005 1.4 2.2
2006 1.4 2.1
2007 1.4 2.1
2008 1.3 2.1
2009 1.2 2.0
2010 1.2 1.9
2011 1.1 1.7
2012 1.0 1.7
2013 1.1 1.6
2014 1.0 1.5
2015 1.1 1.4
2016 1.1 1.4
2017 1.1 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 Contra Costa County, 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 10.5 0.7 5.0 11.2 11.2
2002 9.9 0.1 4.8 10.0 10.0
2003 18.1 0.0 5.7 18.1 18.1
2004 19.1 0.0 7.3 19.1 19.1
2005 23.5 0.0 9.0 23.5 23.5
2006 27.5 0.0 9.3 27.5 27.5
2007 29.3 0.0 10.0 29.3 29.3
2008 29.3 0.0 10.4 29.3 29.3
2009 28.2 0.0 10.2 28.2 28.2
2010 26.8 0.0 10.5 26.8 26.8
2011 30.1 0.0 12.5 30.1 30.1
2012 32.5 0.0 12.9 32.5 32.5
2013 33.6 0.0 14.0 33.6 33.6
2014 41.4 0.0 14.4 41.4 41.4
2015 43.0 0.0 14.9 43.0 43.0
2016 39.2 0.0 14.8 39.2 39.2
2017 36.5 0.0 15.1 36.5 36.5
2018 36.2 0.0 15.9 36.2 36.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Contra Costa County, 2001-2018

Fiscal Year Contra Costa County National Data
2001 87.6 106.5
2002 89.6 101.1
2003 85.4 94.2
2004 82.0 93.1
2005 84.8 91.1
2006 84.3 90.5
2007 89.9 91.2
2008 88.5 90.2
2009 83.8 83.2
2010 80.3 81.5
2011 78.5 80.4
2012 70.6 78.9
2013 76.4 78.7
2014 81.7 79.0
2015 84.5 78.2
2016 86.5 76.3
2017 88.5 76.4
2018 89.3 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 Contra Costa County, 2018

Category Percent
Equities 39.1
Fixed Income 30.5
Private Equity 14.8
Real Estate 8.3
Cash 5.2
Other 0.0
Commodities 2.1
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 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Contra Costa County, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 42.6 41.0 1.9 9.8 4.8 0.0 0.0 0.0 0.0
2002 47.7 38.5 2.0 11.1 0.7 0.0 0.0 0.0 0.0
2003 57.9 30.0 1.5 9.5 1.1 0.0 0.0 0.0 0.0
2004 55.7 31.6 1.9 10.0 0.7 0.0 0.0 0.0 0.0
2005 58.2 29.9 2.5 8.8 0.6 0.0 0.0 0.0 0.0
2006 57.0 30.1 3.2 9.1 0.5 0.0 0.0 0.0 0.0
2007 57.9 28.9 3.3 9.1 0.7 0.0 0.0 0.0 0.0
2008 48.4 28.7 13.9 8.9 0.0 0.0 0.0 0.0 0.0
2009 56.7 22.5 10.8 9.9 0.1 0.0 0.0 0.0 0.0
2010 55.3 22.4 11.7 10.6 0.1 0.0 0.0 0.0 0.0
2011 49.4 27.7 12.1 10.7 0.1 0.0 0.0 0.0 0.0
2012 52.3 23.5 11.6 12.5 0.1 0.0 0.0 0.0 0.0
2013 49.4 23.2 10.6 12.1 0.1 0.0 4.7 0.0 0.0
2014 47.3 28.0 7.4 12.8 0.1 0.0 4.5 0.0 0.0
2015 45.6 30.2 7.7 11.6 0.1 0.0 4.7 0.0 0.0
2016 40.2 30.9 11.9 9.0 5.6 0.0 2.4 0.0 0.0
2017 46.2 26.9 11.6 8.1 4.9 0.0 2.1 0.0 0.0
2018 39.1 30.5 14.8 8.3 5.2 0.0 2.1 0.0 0.0

Source: Public Plans Database


Annual Return as of December 31 for Contra Costa County, 2001-2018

Fiscal Year Contra Costa County Assumed return
2001 -2.40 8.35
2002 -9.50 8.00
2003 23.50 7.90
2004 13.40 7.90
2005 10.80 7.90
2006 15.30 7.80
2007 7.30 7.80
2008 -26.50 7.80
2009 21.90 7.75
2010 14.00 7.75
2011 2.70 7.75
2012 14.10 7.25
2013 16.50 7.25
2014 8.40 7.25
2015 2.60 7.25
2016 7.40 7.00
2017 14.20 7.00
2018 -2.70 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Contra Costa County
2001-2018

Fiscal Year Cash Flow Assets
2001 -83.6 2,704.7
2002 -68.1 2,365.5
2003 305.2 3,313.5
2004 -10.9 3,718.6
2005 160.7 4,221.7
2006 33.7 4,871.0
2007 20.4 5,199.1
2008 15.1 3,749.7
2009 -24.3 4,476.7
2010 -56.3 5,027.2
2011 -76.2 5,052.3
2012 -79.8 5,654.6
2013 -82.3 6,458.3
2014 -39.4 6,908.9
2015 -15.9 6,976.6
2016 -41.4 7,438.5
2017 -44.5 8,390.6
2018 -54.8 8,150.0

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Contra Costa County
2001-2018

Fiscal Year Contra Costa County National Average
2001 -3.1 -2.0
2002 -2.9 -2.7
2003 9.2 -2.2
2004 -0.3 -1.6
2005 3.8 -2.0
2006 0.7 -1.9
2007 0.4 -2.0
2008 0.4 -3.0
2009 -0.5 -2.6
2010 -1.1 -2.4
2011 -1.5 -2.7
2012 -1.4 -2.6
2013 -1.3 -2.3
2014 -0.6 -2.3
2015 -0.2 -2.7
2016 -0.6 -2.2
2017 -0.5 -2.7
2018 -0.7 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Contra Costa County benefit descriptions.