Charlotte (NC) Firefighters' RS Basics

  • Established 1947
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Charlotte (NC) Firefighters' RS, 2001-2023

Fiscal Year Net Assets (billions)
2001 0.24
2002 0.22
2003 0.23
2004 0.26
2005 0.29
2006 0.31
2007 0.36
2008 0.34
2009 0.27
2010 0.30
2011 0.37
2012 0.36
2013 0.41
2014 0.47
2015 0.48
2016 0.48
2017 0.52
2018 0.55
2019 0.56
2020 0.56
2021 0.68
2022 0.57
2023 0.60

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Number of Actives per Annuitant, 2001-2023

Fiscal Year Charlotte (NC) Firefighters' RS US State and Local Pensions
2001 2.2 2.4
2002 2.1 2.3
2003 2.1 2.2
2004 2.1 2.1
2005 2.1 2.1
2006 2.1 2.0
2007 2.1 2.0
2008 2.1 1.9
2009 2.1 1.9
2010 2.1 1.8
2011 2.0 1.7
2012 2.0 1.6
2013 1.9 1.5
2014 1.8 1.4
2015 1.7 1.4
2016 1.6 1.4
2017 1.5 1.4
2018 1.5 1.3
2019 1.4 1.3
2020 1.4 1.3
2021 1.4 1.2
2022 1.3 1.2
2023 1.3 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Charlotte (NC) Firefighters' RS, 2001-2021

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 11.9 0.0 13.5 11.9
2002 12.7 0.0 14.9 12.7
2003 12.8 0.0 19.4 12.8
2004 12.6 0.0 20.1 12.6
2005 12.4 0.0 24.8 12.4
2006 12.4 0.0 26.3 12.4
2007 12.5 0.0 27.8 12.5
2008 12.5 0.0 30.0 12.5
2009 12.9 0.0 32.9 12.9
2010 12.6 0.0 33.2 12.6
2011 13.8 0.0 35.0 13.8
2012 13.7 0.0 36.8 13.7
2013 14.7 0.0 37.5 14.7
2014 13.0 3.9 34.3 16.9
2015 12.7 4.2 35.0 16.9
2016 12.7 2.2 35.6 14.9
2017 12.7 0.5 34.1 13.2
2018 12.7 5.1 35.0 17.7
2019 12.7 5.5 35.8 18.2
2020 13.9 4.0 34.9 17.8
2021 14.0 7.0 36.0 21.0

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

Actuarial Funded Ratio for Charlotte (NC) Firefighters' RS, 2001-2023

Fiscal Year Charlotte (NC) Firefighters' RS National Data
2001 96.8 101.7
2002 95.6 94.6
2003 93.9 88.8
2004 94.1 87.0
2005 97.0 85.4
2006 97.8 85.2
2007 100.5 86.3
2008 99.2 84.4
2009 95.7 78.4
2010 90.5 75.7
2011 89.5 74.3
2012 85.0 72.3
2013 84.4 71.8
2014 88.9 73.2
2015 92.7 73.2
2016 86.9 71.6
2017 86.2 72.0
2018 87.6 72.4
2019 82.7 72.5
2020 76.5 72.6
2021 76.9 75.8
2022 73.3 76.2
2023 70.1 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

Asset Allocation for Charlotte (NC) Firefighters' RS, 2021

Category Percent
Equities 66.5
Fixed Income 25.7
Private Equity 0.0
Real Estate 7.8
Cash 0.0
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Asset Allocation for State and Local Pensions, 2021

Category Percent
Equities 47.2
Fixed Income 21.8
Private Equity 11.3
Real Estate 7.9
Cash 2.1
Other 0.3
Commodities 2.1
Hedge Fund 5.7
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.


Asset allocation for Charlotte (NC) Firefighters' RS, 2001-2021

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 65.2 28.0 0.0 3.8 3.1 0.0 0.0 0.0 0.0
2002 61.1 32.2 0.0 4.1 2.6 0.0 0.0 0.0 0.0
2003 66.4 25.0 0.0 5.4 3.3 0.0 0.0 0.0 0.0
2004 71.1 21.7 0.0 5.0 2.2 0.0 0.0 0.0 0.0
2005 69.6 23.7 0.0 5.1 1.5 0.0 0.0 0.0 0.0
2006 71.0 23.0 0.0 5.6 0.4 0.0 0.0 0.0 0.0
2007 73.3 19.8 0.0 5.7 1.2 0.0 0.0 0.0 0.0
2008 68.6 23.0 0.0 6.4 2.0 0.0 0.0 0.0 0.0
2009 62.8 30.8 0.0 4.9 1.5 0.0 0.0 0.0 0.0
2010 64.7 29.9 0.0 3.5 1.8 0.0 0.0 0.0 0.0
2011 70.3 25.1 0.0 3.4 1.3 0.0 0.0 0.0 0.0
2012 68.5 26.2 0.0 3.7 1.7 0.0 0.0 0.0 0.0
2013 69.8 23.0 0.0 2.6 4.6 0.0 0.0 0.0 0.0
2014 67.6 25.5 0.0 2.5 4.4 0.0 0.0 0.0 0.0
2015 67.6 24.8 0.0 5.8 1.8 0.0 0.0 0.0 0.0
2016 61.0 27.2 0.0 10.7 1.2 0.0 0.0 0.0 0.0
2017 64.9 24.5 0.0 9.7 0.9 0.0 0.0 0.0 0.0
2018 64.7 24.7 0.0 9.4 1.2 0.0 0.0 0.0 0.0
2019 63.2 26.1 0.0 9.4 1.3 0.0 0.0 0.0 0.0
2020 62.9 28.0 0.0 9.1 0.0 0.0 0.0 0.0 0.0
2021 66.5 25.7 0.0 7.8 0.0 0.0 0.0 0.0 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Annual Return as of June 30 for Charlotte (NC) Firefighters' RS, 2001-2023

Fiscal Year Charlotte (NC) Firefighters' RS Assumed return
2001 -5.34 7.75
2002 -4.16 7.75
2003 4.07 7.75
2004 18.11 7.75
2005 10.54 7.75
2006 10.83 7.75
2007 18.71 7.75
2008 -4.49 7.75
2009 -19.23 7.75
2010 10.90 7.75
2011 26.22 7.75
2012 1.14 7.75
2013 14.82 7.75
2014 18.73 7.75
2015 4.87 7.75
2016 1.05 7.50
2017 12.88 7.50
2018 9.73 7.50
2019 4.61 7.50
2020 3.32 7.25
2021 25.35 7.25
2022 -12.83 7.00
2023 8.62 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Charlotte (NC) Firefighters' RS
2001-2023

Fiscal Year Cash Flow Assets
2001 -20.3 239.9
2002 -4.1 224.0
2003 -4.1 227.1
2004 -3.3 263.3
2005 -3.6 286.0
2006 -3.9 311.5
2007 -3.9 364.2
2008 -3.4 342.9
2009 -3.7 272.1
2010 -4.8 295.7
2011 -4.9 366.1
2012 -6.1 362.4
2013 -6.7 407.5
2014 -7.5 473.6
2015 -9.4 484.6
2016 -11.8 475.1
2017 -13.0 519.8
2018 -14.9 551.9
2019 -16.0 558.9
2020 -18.0 558.0
2021 -16.4 676.3
2022 -16.8 574.6
2023 -17.4 603.8

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

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
Charlotte (NC) Firefighters' RS
2001-2023

Fiscal Year Charlotte (NC) Firefighters' RS National Average
2001 -8.5 -2.0
2002 -1.8 -2.4
2003 -1.8 -2.5
2004 -1.3 -1.8
2005 -1.3 -2.2
2006 -1.3 -2.2
2007 -1.1 -2.0
2008 -1.0 -2.1
2009 -1.4 -3.1
2010 -1.6 -3.2
2011 -1.3 -3.0
2012 -1.7 -3.2
2013 -1.7 -3.1
2014 -1.6 -2.9
2015 -1.9 -2.7
2016 -2.5 -2.9
2017 -2.5 -2.8
2018 -2.7 -2.4
2019 -2.9 -2.4
2020 -3.2 -2.3
2021 -2.4 -2.0
2022 -2.9 -1.9
2023 -2.9 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Financial Reports

Benefits

Website for Charlotte (NC) Firefighters' RS benefit descriptions.