DC Police & Fire Basics

  • Established 1979
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, DC Police & Fire, 2006-2019

Fiscal Year Net Assets (billions)
2006 2.31
2007 2.85
2008 2.48
2009 2.52
2010 2.93
2011 3.13
2012 3.68
2013 4.17
2014 4.59
2015 4.46
2016 4.95
2017 5.68
2018 6.02
2019 6.26

Source: Public Plans Database

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Number of Actives per Annuitant, 2006-2019

Fiscal Year DC Police & Fire US State and Local Pensions
2006 4.4 1.3
2007 4.2 1.3
2008 4.2 1.3
2009 4.0 1.3
2010 3.7 1.2
2011 3.0 1.2
2012 2.7 1.2
2013 2.5 1.1
2014 2.3 1.1
2015 2.1 1.1
2016 1.8 1.1
2017 1.7 1.0
2018 1.6 1.0
2019 1.5 1.0

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 DC Police & Fire, 2006-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2006 33.2 0.0 22.8 33.2
2007 35.1 0.0 25.0 35.1
2008 32.5 0.0 25.2 32.5
2009 24.3 0.0 26.2 24.3
2010 31.2 0.0 27.6 31.2
2011 30.2 0.0 29.6 30.2
2012 28.1 0.0 31.0 28.1
2013 23.3 0.0 31.2 23.3
2014 23.0 0.0 31.8 23.0
2015 23.2 0.0 33.9 23.2
2016 31.1 0.0 35.3 31.1
2017 33.0 0.0 33.3 33.0
2018 23.2 0.0 33.1 23.2
2019 18.4 0.0 32.9 18.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for DC Police & Fire, 2006-2019

Fiscal Year DC Police & Fire National Data
2006 91.6 80.4
2007 101.0 84.0
2008 99.8 78.7
2009 100.7 77.3
2010 108.0 75.2
2011 108.6 71.9
2012 110.1 70.6
2013 110.1 70.8
2014 107.3 72.1
2015 107.6 74.1
2016 110.8 72.5
2017 110.8 72.0
2018 112.0 72.8
2019 111.9 72.4

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 DC Police & Fire, 2019

Category Percent
Equities 54.0
Fixed Income 32.0
Private Equity 5.0
Real Estate 0.0
Cash 1.0
Other 0.0
Commodities 8.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for DC Police & Fire, 2006-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2006 68.3 22.4 5.1 4.0 0.2 0.0 0.0 0.0 0.0
2007 68.9 19.5 6.2 5.2 0.2 0.0 0.0 0.0 0.0
2008 55.5 23.4 13.3 7.6 0.2 0.0 0.0 0.0 0.0
2009 54.4 25.3 13.3 5.2 1.8 0.0 0.0 0.0 0.0
2010 54.4 24.2 14.5 4.5 2.3 0.0 0.0 0.0 0.0
2011 48.0 27.5 9.8 4.9 1.0 0.0 2.0 6.9 0.0
2012 52.0 27.0 8.0 0.0 1.0 0.0 7.0 5.0 0.0
2013 52.9 28.0 7.0 0.0 1.0 0.0 6.0 5.1 0.0
2014 54.0 29.9 5.9 0.0 0.2 0.0 5.6 4.4 0.0
2015 52.2 30.8 5.2 0.0 0.9 0.0 6.2 4.7 0.0
2016 54.9 29.7 4.5 0.0 0.4 0.0 6.5 4.0 0.0
2017 52.9 30.4 4.0 0.0 0.8 0.0 8.1 3.8 0.0
2018 52.9 30.4 4.0 0.0 0.8 0.0 8.1 3.8 0.0
2019 54.0 32.0 5.0 0.0 1.0 0.0 8.0 0.0 0.0

Source: Public Plans Database

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Annual Return as of September 30 for DC Police & Fire, 2006-2019

Fiscal Year DC Police & Fire Assumed return
2006 10.40 7.25
2007 16.80 7.50
2008 -16.90 7.00
2009 -2.20 7.00
2010 10.30 7.00
2011 2.90 7.00
2012 14.50 6.50
2013 11.30 6.50
2014 8.40 6.50
2015 -3.90 6.50
2016 9.40 6.50
2017 13.10 6.50
2018 5.40 6.50
2019 3.90 6.50

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
DC Police & Fire
2006-2019

Fiscal Year Cash Flow Assets
2006 125.0 2,310.2
2007 143.0 2,853.6
2008 139.9 2,476.7
2009 104.8 2,525.0
2010 128.9 2,925.7
2011 118.3 3,127.5
2012 99.9 3,681.9
2013 61.0 4,168.5
2014 79.4 4,588.1
2015 60.1 4,462.0
2016 74.7 4,954.6
2017 72.0 5,684.4
2018 20.1 6,023.8
2019 -2.8 6,256.4

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
DC Police & Fire
2006-2019

Fiscal Year DC Police & Fire National Average
2006 5.4 -1.4
2007 5.0 -1.4
2008 5.6 -1.5
2009 4.2 -2.3
2010 4.4 -2.1
2011 3.8 -2.0
2012 2.7 -2.2
2013 1.5 -2.4
2014 1.7 -1.9
2015 1.3 -1.7
2016 1.5 -2.1
2017 1.3 -2.1
2018 0.3 -2.2
2019 0.0 -2.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for DC Police & Fire benefit descriptions.