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, 2001-2022

Fiscal Year Net Assets (billions)
2001 0.30
2002 0.29
2003 0.29
2004 0.33
2005 0.36
2006 0.39
2007 0.45
2008 0.41
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
2021 0.55
2022 0.49

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year New Castle County Pension US State and Local Pensions
2001 null 2.4
2002 null 2.3
2003 null 2.2
2004 null 2.1
2005 null 2.1
2006 null 2.0
2007 null 2.0
2008 null 1.9
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 1.4
2015 0.8 1.4
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
2021 0.7 1.2
2022 0.7 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 Castle County Pension, 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 4.8 0.0 6.0 4.0
2004 6.3 0.0 7.8 4.9
2005 5.1 0.0 9.6 4.5
2006 8.1 0.0 9.9 6.6
2007 8.8 0.1 10.6 8.9
2008 10.0 0.8 11.0 10.8
2009 9.2 1.3 11.0 10.5
2010 9.3 0.8 11.6 10.0
2011 10.3 1.7 13.4 11.9
2012 10.8 2.3 14.1 13.1
2013 14.4 1.5 15.1 15.9
2014 17.2 1.6 15.7 18.9
2015 22.9 1.8 15.7 24.7
2016 27.6 0.0 15.6 27.6
2017 28.0 0.0 15.5 28.0
2018 35.9 0.0 16.2 35.9
2019 35.9 0.0 16.4 35.9
2020 42.0 0.0 16.8 42.0
2021 45.4 0.0 17.4 45.4
2022 45.2 0.0 18.1 45.2

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, 2001-2023

Fiscal Year New Castle County Pension National Data
2001 119.0 101.7
2002 116.9 94.6
2003 107.3 88.8
2004 96.8 87.0
2005 90.9 85.4
2006 89.2 85.2
2007 91.1 86.3
2008 92.9 84.4
2009 77.4 78.4
2010 87.8 75.7
2011 87.0 74.3
2012 78.9 72.3
2013 72.2 71.8
2014 74.5 73.2
2015 75.3 73.2
2016 74.9 71.6
2017 75.0 72.0
2018 73.0 72.4
2019 68.1 72.5
2020 67.9 72.6
2021 67.3 75.8
2022 72.0 76.2
2023 71.6 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for New Castle County Pension, 2022

Category Percent
Equities 41.5
Fixed Income 29.0
Private Equity 10.3
Real Estate 8.6
Cash 2.9
Other 0.0
Commodities 0.0
Hedge Fund 7.6
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 Castle County Pension, 2003-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2003 31.6 35.6 0.0 0.0 8.4 24.4 0.0 0.0 0.0
2004 41.7 25.4 0.0 0.0 3.8 29.1 0.0 0.0 0.0
2005 45.6 25.3 0.0 0.0 4.4 24.7 0.0 0.0 0.0
2006 40.4 22.1 0.0 0.0 6.4 31.0 0.0 0.0 0.0
2007 44.1 28.8 0.0 0.0 3.7 23.4 0.0 0.0 0.0
2008 39.8 30.3 0.0 0.0 2.8 27.1 0.0 0.0 0.0
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 57.8 38.7 0.0 0.0 2.8 0.7 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 48.2 33.4 6.1 4.8 2.1 0.5 0.0 4.9 0.0
2021 48.2 29.2 7.2 5.6 2.6 0.4 0.0 6.8 0.0
2022 41.5 29.0 10.3 8.6 2.9 0.0 0.0 7.6 0.0

Source: Public Plans Database

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Annual Return as of June 30 for New Castle County Pension, 2001-2022

Fiscal Year New Castle County Pension Assumed return
2001 2.11 8.00
2002 -1.40 8.00
2003 1.52 8.00
2004 15.15 8.00
2005 10.90 8.00
2006 10.80 8.00
2007 17.00 8.00
2008 -6.64 8.00
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
2021 24.19 7.00
2022 -8.24 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
2001-2022

Fiscal Year Cash Flow Assets
2001 -5.9 302.0
2002 -6.8 291.0
2003 -6.2 289.2
2004 -6.0 326.5
2005 -4.8 357.1
2006 -5.0 390.3
2007 -6.0 449.8
2008 -9.4 410.9
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
2021 -13.2 552.4
2022 -14.8 492.9

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 Castle County Pension
2001-2022

Fiscal Year New Castle County Pension National Average
2001 -2.0 -2.0
2002 -2.3 -2.4
2003 -2.2 -2.5
2004 -1.8 -1.8
2005 -1.3 -2.2
2006 -1.3 -2.2
2007 -1.3 -2.0
2008 -2.3 -2.1
2009 -3.7 -3.1
2010 -3.8 -3.2
2011 -3.8 -3.0
2012 -4.2 -3.2
2013 -4.2 -3.1
2014 -4.3 -2.9
2015 -3.8 -2.7
2016 -4.6 -2.9
2017 -4.8 -2.8
2018 -3.7 -2.4
2019 -4.1 -2.4
2020 -3.4 -2.3
2021 -2.4 -2.0
2022 -3.0 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for New Castle County Pension benefit descriptions.