State Data » Delaware » New Castle County Pension Program » New Castle County Pension

New Castle County Pension 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 Castle County Pension, 2009-2020

Fiscal Year Net Assets (billions)
2009 0.31
2010 0.34
2011 0.40
2012 0.37
2013 0.40
2014 0.43
2015 0.43
2016 0.40
2017 0.43
2018 0.45
2019 0.45
2020 0.46

Source: Public Plans Database

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Number of Actives per Annuitant, 2009-2020

Fiscal Year New Castle County Pension US State and Local Pensions
2009 null 1.9
2010 1.3 1.8
2011 1.0 1.7
2012 0.9 1.6
2013 0.9 1.5
2014 0.8 1.5
2015 0.8 1.5
2016 0.8 1.4
2017 0.8 1.4
2018 0.7 1.3
2019 0.8 1.3
2020 0.7 1.3

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 Castle County Pension, 2009-2020

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2009 9.2 1.3 10.2 10.5
2010 9.3 0.8 10.5 10.0
2011 10.3 1.7 12.5 11.9
2012 10.8 2.3 12.9 13.1
2013 14.4 1.5 13.9 15.9
2014 17.2 1.6 14.5 18.9
2015 19.1 1.5 14.9 20.6
2016 22.8 0.0 14.8 22.8
2017 24.6 0.0 15.1 24.6
2018 33.2 0.0 18.1 33.2
2019 35.7 0.0 16.7 35.7
2020 38.8 0.0 16.5 38.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for New Castle County Pension, 2009-2020

Fiscal Year New Castle County Pension National Data
2009 77.4 83.2
2010 87.8 81.5
2011 87.0 80.4
2012 78.9 78.9
2013 72.2 78.7
2014 74.5 79.0
2015 75.3 78.2
2016 74.9 76.3
2017 75.0 76.4
2018 73.0 76.5
2019 68.1 76.1
2020 67.9 74.2

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 Castle County Pension, 2020

Category Percent
Equities 46.8
Fixed Income 32.4
Private Equity 5.9
Real Estate 4.7
Cash 2.1
Other 0.4
Commodities 0.0
Hedge Fund 4.8
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2020

Category Percent
Equities 47.0
Fixed Income 23.0
Private Equity 9.3
Real Estate 9.1
Cash 2.0
Other 0.1
Commodities 2.1
Hedge Fund 5.9
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for New Castle County Pension, 2009-2020

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2009 36.1 33.0 0.0 0.0 5.6 25.3 0.0 0.0 0.0
2010 39.7 30.5 0.0 0.0 3.7 26.2 0.0 0.0 0.0
2011 30.5 25.6 0.0 0.0 3.1 40.8 0.0 0.0 0.0
2012 27.2 24.6 0.0 0.0 1.6 46.5 0.0 0.0 0.0
2013 27.8 23.4 0.0 0.0 1.7 47.1 0.0 0.0 0.0
2014 20.4 13.7 0.0 0.0 1.0 0.2 0.0 0.0 0.0
2015 27.3 13.5 3.9 3.0 1.3 0.3 0.0 0.0 50.7
2016 53.9 29.7 4.0 5.7 1.9 0.3 0.0 4.5 0.0
2017 58.6 23.3 4.0 5.7 5.8 0.3 0.0 2.3 0.0
2018 56.1 26.9 4.9 5.7 2.0 0.3 0.0 4.1 0.0
2019 57.9 28.7 4.7 4.5 1.6 0.4 0.0 2.1 0.0
2020 46.8 32.4 5.9 4.7 2.1 0.4 0.0 4.8 0.0

Source: Public Plans Database

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Annual Return as of June 30 for New Castle County Pension, 2009-2020

Fiscal Year New Castle County Pension Assumed return
2009 -22.05 8.00
2010 14.39 8.00
2011 21.21 7.75
2012 -1.98 7.50
2013 11.70 7.50
2014 12.38 7.50
2015 3.64 7.50
2016 -2.14 7.50
2017 11.87 7.25
2018 8.85 7.25
2019 6.16 7.00
2020 4.18 7.00

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 Castle County Pension
2009-2020

Fiscal Year Cash Flow Assets
2009 -11.5 310.3
2010 -13.0 340.9
2011 -15.0 396.2
2012 -15.6 372.9
2013 -16.7 398.7
2014 -18.3 428.4
2015 -16.1 427.5
2016 -18.6 400.0
2017 -20.3 425.7
2018 -16.5 446.0
2019 -18.6 454.2
2020 -15.6 457.1

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
New Castle County Pension
2009-2020

Fiscal Year New Castle County Pension National Average
2009 -3.7 -2.7
2010 -3.8 -2.9
2011 -3.8 -2.8
2012 -4.2 -3.1
2013 -4.2 -3.0
2014 -4.3 -2.7
2015 -3.8 -2.8
2016 -4.6 -3.0
2017 -4.8 -2.9
2018 -3.7 -2.4
2019 -4.1 -2.7
2020 -3.4 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports