State Data » Texas » Dallas ERS » Dallas ERS

Dallas ERS Basics

  • Established 1943
  • 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, Dallas ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 1.8
2002 1.6
2003 1.9
2004 2.1
2005 2.8
2006 3.2
2007 3.2
2008 2.1
2009 2.6
2010 2.9
2011 2.7
2012 3.0
2013 3.3
2014 3.4
2015 3.2
2016 3.4
2017 3.6
2018 3.3

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Dallas ERS US State and Local Pensions
2001 1.8 2.5
2002 1.6 2.4
2003 1.6 2.4
2004 1.4 2.3
2005 1.5 2.2
2006 1.5 2.1
2007 1.5 2.1
2008 1.5 2.1
2009 1.3 2.0
2010 1.2 1.9
2011 1.1 1.8
2012 1.1 1.7
2013 1.1 1.6
2014 1.1 1.5
2015 1.1 1.5
2016 1.1 1.4
2017 1.1 1.3
2018 1.0 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Dallas ERS, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 6.7 6.8 5.0 13.5 13.5
2002 11.3 4.0 4.8 15.2 15.2
2003 10.9 9.8 5.7 20.7 20.7
2004 10.6 10.9 7.3 21.6 21.6
2005 9.7 0.0 9.0 8.4 8.4
2006 6.7 0.0 9.3 4.2 4.2
2007 6.3 0.0 10.0 2.5 2.5
2008 5.8 0.0 10.4 2.8 2.8
2009 6.7 3.8 10.2 10.5 10.5
2010 8.2 4.1 10.5 12.4 12.4
2011 8.6 4.3 12.5 12.9 12.9
2012 8.9 5.9 12.9 14.8 14.8
2013 10.7 6.8 13.9 17.5 17.5
2014 12.3 4.3 14.5 16.5 16.5
2015 12.5 3.4 14.9 16.0 16.0
2016 13.3 6.7 14.8 20.0 20.0
2017 13.6 6.4 15.1 20.0 20.0
2018 14.0 6.8 18.1 20.7 20.7

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Dallas ERS, 2001-2018

Fiscal Year Dallas ERS National Data
2001 88.6 106.5
2002 77.7 101.1
2003 74.1 94.2
2004 99.8 93.1
2005 105.1 91.1
2006 108.6 90.5
2007 109.2 91.2
2008 96.2 90.2
2009 95.0 83.2
2010 92.2 81.5
2011 86.0 80.4
2012 80.9 78.9
2013 85.1 78.7
2014 80.9 79.0
2015 80.4 78.2
2016 80.4 76.3
2017 82.3 76.4
2018 80.0 76.5

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.

Investments

Asset Allocation for Dallas ERS, 2018

Category Percent
Equities 34.0
Fixed Income 25.0
Private Equity 13.0
Real Estate 12.0
Cash 1.0
Other 0.0
Commodities 0.0
Hedge Fund 15.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
Commodities 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Dallas ERS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 null null null null null null null null null
2006 null null null null null null null null null
2007 null null null null null null null null null
2008 null null null null null null null null null
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 57.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2018 34.0 25.0 13.0 12.0 1.0 0.0 0.0 15.0 0.0

Source: Public Plans Database


Annual Return as of December 31 for Dallas ERS, 2001-2018

Fiscal Year Dallas ERS Assumed return
2001 -5.28 8.50
2002 -9.72 8.50
2003 26.66 8.50
2004 15.61 8.25
2005 8.27 8.25
2006 17.33 8.25
2007 3.73 8.25
2008 -30.85 8.25
2009 30.62 8.25
2010 15.77 8.25
2011 0.88 8.25
2012 14.29 8.25
2013 16.90 8.25
2014 6.47 8.00
2015 -1.77 8.00
2016 9.17 7.75
2017 13.29 7.75
2018 -4.43 7.75

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Dallas ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -35.4 1,769.9
2002 -43.5 1,554.8
2003 -57.8 1,909.7
2004 -65.6 2,134.4
2005 455.6 2,798.5
2006 -92.0 3,171.5
2007 -97.2 3,185.4
2008 -108.0 2,103.3
2009 -122.6 2,600.2
2010 -131.6 2,868.2
2011 -144.7 2,748.5
2012 -150.9 2,983.7
2013 -145.4 3,332.4
2014 -142.0 3,398.5
2015 -143.1 3,202.2
2016 -145.4 3,352.0
2017 -153.5 3,612.3
2018 -162.3 3,282.3

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Dallas ERS
2001-2018

Fiscal Year Dallas ERS National Average
2001 -2.0 -2.0
2002 -2.8 -2.7
2003 -3.0 -2.2
2004 -3.1 -1.6
2005 16.3 -2.0
2006 -2.9 -1.9
2007 -3.1 -2.0
2008 -5.1 -3.0
2009 -4.7 -2.6
2010 -4.6 -2.4
2011 -5.3 -2.7
2012 -5.1 -2.6
2013 -4.4 -2.3
2014 -4.2 -2.3
2015 -4.5 -2.7
2016 -4.3 -2.2
2017 -4.2 -2.7
2018 -4.9 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports