Charleston (WV) Firemen Basics

  • Established
  • Currently closed 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, Charleston (WV) Firemen, 2009-2021

Fiscal Year Net Assets (billions)
2009 0.01
2010 0.01
2011 0.01
2012 0.01
2013 0.01
2014 0.01
2015 0.01
2016 0.01
2017 0.02
2018 0.02
2019 0.02
2020 0.02
2021 0.03

Source: Public Plans Database

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Number of Actives per Annuitant, 2009-2021

Fiscal Year Charleston (WV) Firemen US State and Local Pensions
2009 0.9 1.9
2010 0.9 1.8
2011 0.8 1.7
2012 0.8 1.6
2013 0.7 1.5
2014 0.6 1.4
2015 0.6 1.4
2016 0.5 1.4
2017 0.5 1.4
2018 0.5 1.3
2019 0.4 1.3
2020 0.4 1.3
2021 0.3 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 Charleston (WV) Firemen, 2009-2021

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2009 34.1 53.4 29.2 87.5
2010 35.2 52.8 29.5 87.9
2011 38.0 52.4 31.5 90.4
2012 70.7 24.8 33.8 95.5
2013 87.8 22.0 34.9 109.8
2014 87.6 25.0 34.5 112.6
2015 90.2 27.1 34.6 117.3
2016 98.1 49.3 35.5 147.4
2017 114.3 45.0 34.2 159.3
2018 114.1 44.9 35.3 159.0
2019 125.2 73.2 36.8 198.4
2020 137.5 70.9 35.8 208.4
2021 147.4 62.0 37.1 209.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Charleston (WV) Firemen, 2009-2021

Fiscal Year Charleston (WV) Firemen National Data
2009 5.7 78.4
2010 5.0 75.7
2011 5.8 74.3
2012 6.2 72.3
2013 7.3 71.9
2014 8.4 73.2
2015 7.9 73.2
2016 8.3 71.6
2017 9.6 72.1
2018 10.6 72.4
2019 11.3 72.5
2020 12.2 72.7
2021 14.3 74.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Charleston (WV) Firemen, 2021

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, 2021

Category Percent
Equities 47.1
Fixed Income 21.6
Private Equity 11.3
Real Estate 8.1
Cash 2.1
Other 0.5
Commodities 1.8
Hedge Fund 5.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Charleston (WV) Firemen, 2009-2021

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2009 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 null null null null null null null null null
2018 null null null null null null null null null
2019 null null null null null null null null null
2020 null null null null null null null null null
2021 null null null null null null null null null

Source: Public Plans Database

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Annual Return as of June 30 for Charleston (WV) Firemen, 2009-2021

Fiscal Year Charleston (WV) Firemen Assumed return
2009 -16.53 6.00
2010 12.42 5.00
2011 17.24 5.00
2012 2.05 5.00
2013 11.25 5.00
2014 11.17 5.00
2015 5.04 4.50
2016 5.15 4.50
2017 11.25 4.50
2018 8.07 4.50
2019 6.26 4.50
2020 1.82 4.25
2021 24.24 4.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Charleston (WV) Firemen
2009-2021

Fiscal Year Cash Flow Assets
2009 0.0 6.5
2010 -0.1 7.2
2011 0.0 8.5
2012 0.7 9.3
2013 0.6 11.0
2014 0.6 13.0
2015 0.3 13.9
2016 0.4 15.0
2017 1.0 17.7
2018 0.9 20.1
2019 0.9 22.2
2020 1.1 23.6
2021 1.1 30.6

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
Charleston (WV) Firemen
2009-2021

Fiscal Year Charleston (WV) Firemen National Average
2009 0.0 -3.1
2010 -1.4 -3.2
2011 -0.4 -3.0
2012 7.2 -3.2
2013 5.9 -3.2
2014 4.7 -2.9
2015 2.1 -2.7
2016 2.7 -2.9
2017 5.7 -2.8
2018 4.7 -2.4
2019 4.2 -2.4
2020 4.6 -2.3
2021 3.7 -2.0

Source: Public Plans Database

National data averages are weighted by plan size.

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2021 Financial Reports

Benefits

Website for Charleston (WV) Firemen benefit descriptions.