State Data » South Dakota » Sioux Falls ERS » Sioux Falls ERS

Sioux Falls ERS Basics

  • Established 1957
  • Currently closed to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Sioux Falls ERS, 2001-2022

Fiscal Year Net Assets (billions)
2001 0.15
2002 0.14
2003 0.17
2004 0.20
2005 0.21
2006 0.24
2007 0.26
2008 0.19
2009 0.22
2010 0.25
2011 0.25
2012 0.29
2013 0.34
2014 0.36
2015 0.36
2016 0.39
2017 0.47
2018 0.44
2019 0.52
2020 0.57
2021 0.64
2022 0.53

Source: Public Plans Database

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

Number of Actives per Annuitant, 2001-2022

Fiscal Year Sioux Falls ERS US State and Local Pensions
2001 2.1 2.4
2002 2.2 2.3
2003 2.2 2.2
2004 2.2 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 2.0 1.8
2011 1.9 1.7
2012 1.8 1.6
2013 1.8 1.5
2014 1.4 1.4
2015 1.3 1.4
2016 1.2 1.4
2017 1.0 1.4
2018 0.9 1.3
2019 0.8 1.3
2020 0.8 1.3
2021 0.7 1.2
2022 0.6 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 Sioux Falls ERS, 2017-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2017 25.1 0.0 15.5 25.1
2018 25.1 0.0 16.2 23.9
2019 22.5 0.0 16.4 22.1
2020 23.0 0.0 16.8 23.0
2021 24.2 0.0 17.4 24.2
2022 26.3 0.0 18.1 25.5

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 Sioux Falls ERS, 2001-2022

Fiscal Year Sioux Falls ERS National Data
2001 98.3 101.7
2002 95.6 94.6
2003 95.1 88.8
2004 93.3 87.0
2005 92.5 85.4
2006 95.8 85.2
2007 96.7 86.3
2008 92.6 84.4
2009 87.7 78.4
2010 89.5 75.7
2011 87.4 74.3
2012 81.3 72.3
2013 83.4 71.8
2014 84.2 73.2
2015 84.3 73.2
2016 87.2 71.6
2017 106.9 72.0
2018 101.4 72.4
2019 99.9 72.5
2020 101.3 72.6
2021 115.6 75.8
2022 110.8 76.2

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 Sioux Falls ERS, 2022

Category Percent
Equities 65.0
Fixed Income 25.0
Private Equity 0.0
Real Estate 10.0
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, 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.

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


Asset allocation for Sioux Falls ERS, 2017-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2017 70.7 22.1 0.0 6.3 0.9 0.0 0.0 0.0 0.0
2018 65.5 25.4 0.0 7.7 1.4 0.0 0.0 0.0 0.0
2019 68.6 24.5 0.0 6.9 0.0 0.0 0.0 0.0 0.0
2020 70.8 22.9 0.0 6.3 0.0 0.0 0.0 0.0 0.0
2021 67.7 22.9 0.0 7.8 1.6 0.0 0.0 0.0 0.0
2022 65.0 25.0 0.0 10.0 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 December 31 for Sioux Falls ERS, 2001-2022

Fiscal Year Sioux Falls ERS Assumed return
2001 -1.08 8.00
2002 -9.85 8.00
2003 26.38 8.00
2004 14.29 8.00
2005 8.58 8.00
2006 15.54 8.00
2007 8.05 8.00
2008 -27.59 7.75
2009 24.78 7.75
2010 14.08 7.75
2011 1.92 7.75
2012 14.83 7.75
2013 20.16 7.65
2014 6.90 7.65
2015 -0.20 7.50
2016 8.42 7.50
2017 16.68 7.30
2018 -4.30 7.30
2019 20.11 7.30
2020 12.76 7.30
2021 14.21 7.00
2022 -14.10 7.00

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)
Sioux Falls ERS
2001-2022

Fiscal Year Cash Flow Assets
2001 -1.9 154.6
2002 -1.9 137.5
2003 -1.6 172.0
2004 -1.2 195.2
2005 -1.3 210.6
2006 -1.8 241.4
2007 -0.5 260.4
2008 -1.4 187.3
2009 -3.0 218.5
2010 -2.7 249.0
2011 -2.4 251.4
2012 -3.2 285.2
2013 0.2 343.0
2014 -2.9 364.5
2015 -3.9 360.6
2016 -5.4 385.5
2017 -6.4 469.4
2018 -8.4 441.2
2019 -11.5 517.5
2020 -13.1 569.8
2021 -14.0 635.9
2022 -16.4 531.7

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
Sioux Falls ERS
2001-2022

Fiscal Year Sioux Falls ERS National Average
2001 -1.2 -2.3
2002 -1.4 -1.0
2003 -0.9 -2.4
2004 -0.6 -2.6
2005 -0.6 -2.2
2006 -0.7 -2.2
2007 -0.2 -2.2
2008 -0.8 -2.9
2009 -1.4 -3.2
2010 -1.1 -3.2
2011 -1.0 -3.4
2012 -1.1 -3.3
2013 0.1 -3.1
2014 -0.8 -2.9
2015 -1.1 -3.1
2016 -1.4 -3.2
2017 -1.4 -2.9
2018 -1.9 -3.1
2019 -2.2 -3.1
2020 -2.3 -2.8
2021 -2.2 -2.5
2022 -3.1 -2.9

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