New Orleans ERS Basics

  • Established 1947
  • 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, New Orleans ERS, 2008-2018

Fiscal Year Net Assets (billions)
2008 0.3
2009 0.3
2010 0.3
2011 0.3
2012 0.3
2013 0.4
2014 0.4
2015 0.3
2016 0.4
2017 0.4
2018 0.4

Source: Public Plans Database

Number of Actives per Annuitant, 2008-2018

Fiscal Year New Orleans ERS US State and Local Pensions
2008 1.1 2.1
2009 1.2 2.0
2010 1.1 1.9
2011 1.1 1.7
2012 1.1 1.7
2013 1.0 1.6
2014 1.1 1.5
2015 1.3 1.4
2016 1.3 1.4
2017 1.3 1.3
2018 1.3 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 New Orleans ERS, 2008-2018

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}
2008 null null 10.4 12.0 12.0
2009 null null 10.2 19.1 19.1
2010 null null 10.5 24.8 24.8
2011 null null 12.5 22.3 22.3
2012 null null 12.9 20.3 20.3
2013 null null 14.0 21.9 21.9
2014 22.5 0.0 14.4 21.5 21.5
2015 22.7 0.0 14.9 21.5 21.5
2016 23.9 0.0 14.8 23.3 23.3
2017 22.5 0.7 15.1 23.2 23.2
2018 24.2 0.0 15.9 21.8 21.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for New Orleans ERS, 2008-2018

Fiscal Year New Orleans ERS National Data
2008 84.6 90.2
2009 80.9 83.2
2010 79.2 81.5
2011 74.8 80.4
2012 68.2 78.9
2013 67.1 78.7
2014 65.3 79.0
2015 65.3 78.2
2016 62.0 76.3
2017 61.6 76.4
2018 61.2 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 New Orleans ERS, 2018

Category Percent
Equities 54.3
Fixed Income 21.7
Private Equity 7.9
Real Estate 6.4
Cash 1.7
Other 0.0
Commodities 0.0
Hedge Fund 7.9
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 New Orleans ERS, 2008-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2008 52.7 35.3 2.8 1.9 3.1 4.3 0.0 0.0 0.0
2009 48.8 42.0 0.8 0.6 3.1 3.1 0.0 1.7 0.0
2010 54.3 34.7 3.3 0.6 2.3 3.2 0.0 1.6 0.0
2011 50.8 37.8 1.9 1.0 1.8 3.2 0.0 3.4 0.0
2012 53.8 34.2 0.2 1.3 4.7 5.8 0.0 0.0 0.0
2013 55.2 27.6 2.5 1.3 5.2 1.4 0.0 6.7 0.0
2014 56.7 25.5 3.0 1.0 5.5 0.0 0.0 8.3 0.0
2015 53.5 25.7 5.9 5.9 2.0 0.0 0.0 6.9 0.0
2016 54.0 24.0 7.0 6.0 4.0 0.0 0.0 5.0 0.0
2017 59.0 23.9 7.2 5.5 1.7 0.0 0.0 2.7 0.0
2018 54.3 21.7 7.9 6.4 1.7 0.0 0.0 7.9 0.0

Source: Public Plans Database


Annual Return as of December 31 for New Orleans ERS, 2008-2018

Fiscal Year New Orleans ERS Assumed return
2008 -30.18 7.75
2009 23.13 7.75
2010 14.11 7.75
2011 -1.30 7.50
2012 11.56 7.50
2013 15.17 7.50
2014 4.17 7.50
2015 -3.69 7.50
2016 9.26 7.50
2017 15.53 7.50
2018 -4.32 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
New Orleans ERS
2008-2018

Fiscal Year Cash Flow Assets
2008 -24.6 267.3
2009 -17.1 310.2
2010 -18.2 334.4
2011 -12.5 317.6
2012 -14.8 338.6
2013 -16.3 372.5
2014 -16.9 370.8
2015 -17.6 339.1
2016 -14.1 353.6
2017 -13.7 391.8
2018 -10.5 365.7

Source: Public Plans Database


Cash Flow as a Percentage of Assets
New Orleans ERS
2008-2018

Fiscal Year New Orleans ERS National Average
2008 -9.2 -3.0
2009 -5.5 -2.6
2010 -5.5 -2.4
2011 -3.9 -2.7
2012 -4.4 -2.6
2013 -4.4 -2.3
2014 -4.5 -2.3
2015 -5.2 -2.7
2016 -4.0 -2.2
2017 -3.5 -2.7
2018 -2.9 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports