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, 2001-2022

Fiscal Year Net Assets (billions)
2001 0.35
2002 0.31
2003 0.37
2004 0.39
2005 0.39
2006 0.40
2007 0.41
2008 0.27
2009 0.31
2010 0.33
2011 0.32
2012 0.34
2013 0.37
2014 0.37
2015 0.34
2016 0.35
2017 0.39
2018 0.37
2019 0.42
2020 0.46
2021 0.51
2022 0.42

Source: Public Plans Database

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Number of Actives per Annuitant, 2003-2022

Fiscal Year New Orleans ERS US State and Local Pensions
2003 2.2 2.2
2004 2.0 2.1
2005 1.3 2.1
2006 0.8 2.0
2007 0.9 2.0
2008 1.1 1.9
2009 1.2 1.9
2010 1.1 1.8
2011 1.1 1.7
2012 1.1 1.6
2013 1.0 1.5
2014 1.1 1.4
2015 1.3 1.4
2016 1.3 1.4
2017 1.3 1.4
2018 1.3 1.3
2019 1.4 1.3
2020 1.2 1.3
2021 1.3 1.2
2022 1.3 1.2

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 New Orleans ERS, 2003-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2003 7.6 0.1 6.0 7.7
2004 8.8 0.0 7.8 7.8
2005 10.1 8.6 9.6 18.6
2006 9.2 0.0 9.9 7.8
2007 8.3 0.0 10.6 5.8
2008 6.9 5.0 11.0 12.0
2009 15.3 3.8 11.0 19.1
2010 17.1 7.7 11.6 24.8
2011 23.2 0.0 13.4 22.3
2012 20.5 0.0 14.1 20.3
2013 20.1 1.8 15.1 21.9
2014 20.9 0.6 15.7 21.5
2015 21.2 0.0 15.7 20.7
2016 23.6 0.0 15.6 19.7
2017 22.5 0.0 15.5 22.2
2018 24.2 0.0 16.2 21.8
2019 22.7 0.0 16.4 19.2
2020 24.0 0.0 16.8 16.9
2021 15.2 1.6 17.4 16.8
2022 17.3 0.0 18.1 16.5

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for New Orleans ERS, 2001-2022

Fiscal Year New Orleans ERS National Data
2001 115.8 101.7
2002 109.7 94.6
2003 104.1 88.8
2004 98.5 87.0
2005 105.5 85.4
2006 106.5 85.2
2007 94.0 86.3
2008 84.6 84.4
2009 80.9 78.4
2010 79.2 75.7
2011 74.8 74.3
2012 68.2 72.3
2013 67.1 71.8
2014 65.3 73.2
2015 65.3 73.2
2016 62.0 71.6
2017 61.6 72.0
2018 61.2 72.4
2019 58.8 72.5
2020 58.8 72.6
2021 59.6 75.8
2022 58.8 76.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for New Orleans ERS, 2022

Category Percent
Equities 51.5
Fixed Income 19.5
Private Equity 7.5
Real Estate 7.0
Cash 1.2
Other 0.0
Commodities 3.0
Hedge Fund 10.3
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for New Orleans ERS, 2003-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2003 66.9 27.1 0.0 0.0 6.1 0.0 0.0 0.0 0.0
2004 67.5 24.1 0.0 0.0 8.3 0.0 0.0 0.0 0.0
2005 69.6 22.1 3.9 1.3 3.1 0.0 0.0 0.0 0.0
2006 61.0 26.4 0.7 1.4 4.0 0.0 0.0 6.5 0.0
2007 60.1 24.8 0.3 1.5 2.1 0.0 0.0 11.2 0.0
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 59.0 23.6 0.0 7.0 1.8 0.0 0.0 8.6 0.0
2019 56.2 20.5 0.0 6.0 3.3 0.0 0.0 14.0 0.0
2020 58.5 20.1 0.0 5.1 3.8 0.0 0.0 12.5 0.0
2021 59.8 18.2 0.0 5.3 1.4 0.0 0.0 15.3 0.0
2022 51.5 19.5 7.5 7.0 1.2 0.0 3.0 10.3 0.0

Source: Public Plans Database

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Annual Return as of December 31 for New Orleans ERS, 2001-2022

Fiscal Year New Orleans ERS Assumed return
2001 -3.43 null
2002 -6.75 null
2003 21.30 7.00
2004 10.18 7.50
2005 4.32 7.75
2006 11.04 7.75
2007 8.62 7.75
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
2019 18.86 7.25
2020 14.24 7.25
2021 16.37 7.25
2022 -14.28 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
New Orleans ERS
2001-2022

Fiscal Year Cash Flow Assets
2001 -10.9 348.8
2002 -11.6 314.0
2003 -13.1 366.4
2004 -11.7 391.4
2005 -15.8 392.1
2006 -29.2 404.6
2007 -25.6 412.8
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
2019 -5.8 419.0
2020 -12.3 460.6
2021 -21.6 510.0
2022 -20.0 422.2

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
New Orleans ERS
2001-2022

Fiscal Year New Orleans ERS National Average
2001 -3.1 -2.3
2002 -3.7 -1.0
2003 -3.6 -2.4
2004 -3.0 -2.6
2005 -4.0 -2.2
2006 -7.2 -2.2
2007 -6.2 -2.2
2008 -9.2 -2.9
2009 -5.5 -3.2
2010 -5.5 -3.2
2011 -3.9 -3.4
2012 -4.4 -3.3
2013 -4.4 -3.1
2014 -4.5 -2.9
2015 -5.2 -3.1
2016 -4.0 -3.2
2017 -3.5 -2.9
2018 -2.9 -3.1
2019 -1.4 -3.1
2020 -2.7 -2.8
2021 -4.2 -2.5
2022 -4.7 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for New Orleans ERS benefit descriptions.