Delaware State Employees Basics

  • Established 1970
  • Currently open to new hires
  • Plan covers state employees
  • Plan members covered by Social Security
  • Single employer cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Delaware State Employees, 2001-2019

Fiscal Year Net Assets (billions)
2001 5.06
2002 4.64
2003 4.65
2004 5.25
2005 5.61
2006 6.13
2007 6.92
2008 6.64
2009 5.39
2010 5.91
2011 7.06
2012 6.91
2013 7.40
2014 8.39
2015 8.41
2016 7.98
2017 8.51
2018 9.03
2019 9.12

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year Delaware State Employees US State and Local Pensions
2001 2.0 2.5
2002 2.0 2.4
2003 1.9 2.3
2004 1.8 2.2
2005 1.8 2.1
2006 1.8 2.1
2007 1.7 2.0
2008 1.6 2.0
2009 1.7 1.9
2010 1.6 1.8
2011 1.6 1.7
2012 1.5 1.6
2013 1.5 1.5
2014 1.4 1.5
2015 1.4 1.5
2016 1.3 1.4
2017 1.4 1.4
2018 1.3 1.3
2019 1.3 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 Delaware State Employees, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 1.6 0.0 5.0 1.6
2002 1.3 0.0 4.8 1.3
2003 3.0 0.0 5.7 3.0
2004 4.1 0.0 7.3 4.1
2005 4.8 0.0 9.0 4.8
2006 5.7 0.0 9.3 5.7
2007 5.9 0.0 10.0 5.9
2008 5.9 0.0 10.4 5.9
2009 5.5 0.0 10.2 5.5
2010 5.8 0.0 10.5 5.8
2011 7.2 0.0 12.5 7.2
2012 7.8 0.0 12.9 7.8
2013 8.6 0.0 13.9 8.6
2014 9.2 0.0 14.5 9.2
2015 9.3 0.0 14.9 9.3
2016 9.6 0.0 14.8 9.6
2017 9.4 0.0 15.1 9.4
2018 10.2 0.0 18.1 10.2
2019 11.6 0.0 18.8 11.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Delaware State Employees, 2001-2019

Fiscal Year Delaware State Employees National Data
2001 112.4 106.5
2002 109.6 101.1
2003 106.9 94.2
2004 103.0 93.1
2005 101.6 91.1
2006 101.7 90.5
2007 103.7 91.2
2008 103.1 90.2
2009 98.8 83.2
2010 96.0 81.5
2011 94.0 80.4
2012 91.5 78.9
2013 91.1 78.7
2014 92.3 79.0
2015 91.6 78.2
2016 89.0 76.3
2017 86.5 76.4
2018 86.0 76.5
2019 85.0 76.1

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 Delaware State Employees, 2019

Category Percent
Equities 43.0
Fixed Income 34.6
Private Equity 22.4
Real Estate 0.0
Cash 0.0
Other 0.0
Commodities 0.0
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 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Delaware State Employees, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 56.4 30.9 10.4 0.0 2.3 0.0 0.0 0.0 0.0
2002 60.1 28.1 9.9 0.0 1.9 0.0 0.0 0.0 0.0
2003 65.9 20.1 11.4 0.0 2.6 0.0 0.0 0.0 0.0
2004 63.3 23.0 11.0 0.0 2.7 0.0 0.0 0.0 0.0
2005 66.4 19.2 10.4 0.0 4.0 0.0 0.0 0.0 0.0
2006 65.8 20.9 11.9 0.0 1.4 0.0 0.0 0.0 0.0
2007 55.0 32.6 12.4 0.0 0.0 0.0 0.0 0.0 0.0
2008 54.6 27.3 18.1 0.0 0.0 0.0 0.0 0.0 0.0
2009 47.8 28.9 23.3 0.0 0.0 0.0 0.0 0.0 0.0
2010 44.6 29.8 25.6 0.0 0.0 0.0 0.0 0.0 0.0
2011 48.1 27.4 24.5 0.0 0.0 0.0 0.0 0.0 0.0
2012 44.9 29.9 25.2 0.0 0.0 0.0 0.0 0.0 0.0
2013 54.1 27.0 18.9 0.0 0.0 0.0 0.0 0.0 0.0
2014 46.5 34.5 19.0 0.0 0.0 0.0 0.0 0.0 0.0
2015 47.3 30.5 22.2 0.0 0.0 0.0 0.0 0.0 0.0
2016 43.8 34.0 22.2 0.0 0.0 0.0 0.0 0.0 0.0
2017 47.2 30.1 22.7 0.0 0.0 0.0 0.0 0.0 0.0
2018 44.6 31.0 24.4 0.0 0.0 0.0 0.0 0.0 0.0
2019 43.0 34.6 22.4 0.0 0.0 0.0 0.0 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Delaware State Employees, 2001-2019

Fiscal Year Delaware State Employees Assumed return
2001 -5.10 8.50
2002 -6.30 8.50
2003 3.10 8.00
2004 15.90 8.00
2005 9.60 8.00
2006 12.40 8.00
2007 15.90 8.00
2008 -1.30 8.00
2009 -15.80 8.00
2010 14.10 8.00
2011 24.30 7.50
2012 2.00 7.50
2013 11.10 7.50
2014 17.50 7.20
2015 3.90 7.20
2016 -1.30 7.20
2017 11.30 7.00
2018 10.60 7.00
2019 5.00 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Delaware State Employees
2001-2019

Fiscal Year Cash Flow Assets
2001 -95.5 5,057.8
2002 -122.1 4,635.3
2003 -127.6 4,649.5
2004 -133.2 5,248.7
2005 -140.0 5,608.5
2006 -142.0 6,133.1
2007 -155.2 6,920.6
2008 -167.1 6,643.0
2009 -202.1 5,392.7
2010 -240.1 5,909.2
2011 -243.4 7,056.9
2012 -254.8 6,914.8
2013 -255.3 7,395.6
2014 -260.5 8,389.8
2015 -280.3 8,409.3
2016 -294.8 7,977.5
2017 -325.7 8,513.8
2018 -352.9 9,028.4
2019 -331.1 9,116.5

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Delaware State Employees
2001-2019

Fiscal Year Delaware State Employees National Average
2001 -1.9 -2.3
2002 -2.6 -2.3
2003 -2.7 -2.6
2004 -2.5 -1.7
2005 -2.5 -1.9
2006 -2.3 -1.9
2007 -2.2 -1.7
2008 -2.5 -1.9
2009 -3.7 -2.7
2010 -4.1 -2.9
2011 -3.4 -2.8
2012 -3.7 -3.1
2013 -3.5 -3.0
2014 -3.1 -2.7
2015 -3.3 -2.8
2016 -3.7 -3.0
2017 -3.8 -2.9
2018 -3.9 -2.4
2019 -3.6 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Delaware State Employees benefit descriptions.