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, 2001-2019

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

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year New Orleans ERS US State and Local Pensions
2001 null 2.5
2002 null 2.4
2003 2.2 2.4
2004 2.0 2.3
2005 1.3 2.2
2006 0.8 2.1
2007 0.9 2.1
2008 1.1 2.1
2009 1.2 2.0
2010 1.1 1.9
2011 1.1 1.8
2012 1.1 1.7
2013 1.0 1.6
2014 1.1 1.5
2015 1.3 1.5
2016 1.3 1.4
2017 1.3 1.3
2018 1.3 1.3
2019 1.4 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, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 null null 4.9 8.0
2002 null null 4.7 8.2
2003 null null 5.6 7.1
2004 null null 7.2 7.7
2005 null null 8.8 11.9
2006 null null 9.1 12.1
2007 null null 9.8 9.1
2008 null null 10.1 12.0
2009 null null 10.0 19.1
2010 null null 10.2 24.8
2011 null null 12.2 22.3
2012 null null 12.5 20.3
2013 null null 13.5 21.9
2014 22.5 0.0 14.0 21.5
2015 22.7 0.0 14.4 21.5
2016 23.9 0.0 14.3 23.3
2017 22.5 0.7 14.6 23.2
2018 24.2 0.0 17.5 21.8
2019 22.7 0.0 16.0 19.2

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, 2001-2019

Fiscal Year New Orleans ERS National Data
2001 115.8 107.2
2002 109.7 102.0
2003 104.1 95.2
2004 98.5 93.9
2005 105.5 91.8
2006 106.5 91.3
2007 94.0 91.9
2008 84.6 91.1
2009 80.9 84.0
2010 79.2 82.4
2011 74.8 81.4
2012 68.2 79.9
2013 67.1 79.7
2014 65.3 80.1
2015 65.3 79.2
2016 62.0 77.4
2017 61.6 77.4
2018 61.2 77.5
2019 58.8 77.0

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.

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Investments

Asset Allocation for New Orleans ERS, 2019

Category Percent
Equities null
Fixed Income null
Private Equity null
Real Estate null
Cash null
Other null
Commodities null
Hedge Fund null
Misc. Alternatives null

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 23.3
Private Equity 9.2
Real Estate 8.8
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for New Orleans ERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
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 54.3 21.7 7.9 6.4 1.7 0.0 0.0 7.9 0.0
2019 null null null null null null null null null

Source: Public Plans Database

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Annual Return as of December 31 for New Orleans ERS, 2001-2019

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 5.03 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
2001-2019

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

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
New Orleans ERS
2001-2019

Fiscal Year New Orleans ERS National Average
2001 -3.1 -2.0
2002 -3.7 -2.7
2003 -3.6 -2.2
2004 -3.0 -1.6
2005 -4.0 -2.0
2006 -7.2 -1.9
2007 -6.2 -2.0
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
2019 -1.4 -2.8

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports

Benefits

Website for New Orleans ERS benefit descriptions.