State Data » Virginia » Fairfax County Police » Fairfax County Police

Fairfax County Police Basics

  • Established 1944
  • 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, Fairfax County Police, 2001-2023

Fiscal Year Net Assets (billions)
2001 0.61
2002 0.57
2003 0.59
2004 0.68
2005 0.74
2006 0.80
2007 0.93
2008 0.87
2009 0.71
2010 0.84
2011 1.04
2012 1.02
2013 1.10
2014 1.26
2015 1.28
2016 1.27
2017 1.37
2018 1.44
2019 1.48
2020 1.40
2021 1.81
2022 1.79
2023 1.68

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Fairfax County Police US State and Local Pensions
2001 1.9 2.4
2002 1.8 2.3
2003 1.8 2.2
2004 1.8 2.1
2005 1.7 2.1
2006 1.7 2.0
2007 1.7 2.0
2008 1.7 1.9
2009 1.6 1.9
2010 1.5 1.8
2011 1.4 1.7
2012 1.3 1.6
2013 1.2 1.5
2014 1.2 1.4
2015 1.1 1.4
2016 1.2 1.4
2017 1.2 1.4
2018 1.2 1.3
2019 1.1 1.3
2020 1.1 1.3
2021 1.0 1.2
2022 0.9 1.2

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 Fairfax County Police, 2001-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 25.7 0.0 14.9 25.7
2002 21.8 0.0 13.9 21.8
2003 18.1 2.8 18.9 20.9
2004 18.8 3.4 21.7 22.2
2005 17.8 7.0 23.5 24.7
2006 18.8 6.6 24.8 25.4
2007 20.0 7.6 27.4 27.7
2008 21.5 6.8 27.9 28.3
2009 23.6 4.2 29.2 27.7
2010 23.6 7.0 31.2 30.6
2011 29.4 7.8 33.5 37.2
2012 31.7 7.3 34.0 39.0
2013 35.6 8.6 34.7 44.3
2014 34.8 0.0 34.5 34.8
2015 36.8 0.0 40.0 36.8
2016 38.0 0.0 38.9 38.0
2017 39.0 0.0 39.6 39.0
2018 39.0 0.0 39.1 39.0
2019 40.1 0.0 39.4 40.1
2020 33.4 8.2 40.1 41.6
2021 41.6 0.0 40.4 41.6
2022 46.0 0.0 40.5 46.0
2023 46.0 0.0 39.8 46.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Fairfax County Police, 2001-2022

Fiscal Year Fairfax County Police National Data
2001 99.0 101.7
2002 95.7 94.6
2003 91.5 88.8
2004 91.5 87.0
2005 88.4 85.4
2006 87.9 85.2
2007 89.9 86.3
2008 88.1 84.4
2009 81.7 78.4
2010 79.3 75.7
2011 80.4 74.3
2012 80.5 72.3
2013 82.1 71.8
2014 85.0 73.2
2015 86.5 73.2
2016 85.4 71.6
2017 85.0 72.0
2018 85.2 72.4
2019 85.4 72.5
2020 83.1 72.6
2021 86.0 75.8
2022 82.2 76.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Fairfax County Police, 2023

Category Percent
Equities 27.9
Fixed Income 30.4
Private Equity 0.0
Real Estate 0.0
Cash 2.3
Other 0.0
Commodities 10.8
Hedge Fund 28.6
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Fairfax County Police, 2001-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 50.8 36.4 0.0 12.4 0.4 0.0 0.0 0.0 0.0
2002 51.4 35.6 0.0 13.0 0.0 0.0 0.0 0.0 0.0
2003 56.3 32.9 0.0 10.8 0.0 0.0 0.0 0.0 0.0
2004 56.6 32.7 0.0 10.7 0.0 0.0 0.0 0.0 0.0
2005 54.9 34.1 0.0 11.0 0.0 0.0 0.0 0.0 0.0
2006 57.2 30.6 0.0 12.2 0.0 0.0 0.0 0.0 0.0
2007 60.6 30.4 0.0 9.0 0.0 0.0 0.0 0.0 0.0
2008 57.1 34.6 0.0 8.3 0.0 0.0 0.0 0.0 0.0
2009 53.9 35.6 0.0 6.2 0.0 0.0 0.0 4.3 0.0
2010 57.4 25.3 0.0 10.0 0.0 0.0 0.0 7.3 0.0
2011 55.1 22.5 0.0 10.0 0.0 0.0 0.0 12.4 0.0
2012 27.6 24.8 0.0 5.5 0.0 0.0 0.0 42.1 0.0
2013 29.1 24.7 0.0 5.8 0.0 0.0 0.0 40.4 0.0
2014 24.7 23.4 0.0 4.9 0.0 0.0 0.0 47.0 0.0
2015 22.4 23.0 0.0 3.8 0.0 0.0 0.0 50.8 0.0
2016 23.5 20.7 0.0 4.5 0.0 0.0 0.0 51.3 0.0
2017 24.1 22.9 0.0 6.4 0.0 0.0 0.0 46.7 0.0
2018 24.8 21.6 0.0 6.7 4.0 0.0 0.0 42.9 0.0
2019 16.6 28.5 0.0 7.9 0.0 0.0 0.0 47.0 0.0
2020 21.0 36.4 0.0 9.2 0.0 0.0 0.0 33.4 0.0
2021 27.9 30.8 0.0 9.3 0.0 0.0 0.0 32.0 0.0
2022 29.6 27.8 0.0 10.1 0.0 1.6 0.0 30.9 0.0
2023 27.9 30.4 0.0 0.0 2.3 0.0 10.8 28.6 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Fairfax County Police, 2001-2023

Fiscal Year Fairfax County Police Assumed return
2001 -2.70 7.50
2002 -4.80 7.50
2003 4.63 7.50
2004 16.10 7.50
2005 9.60 7.50
2006 10.00 7.50
2007 18.00 7.50
2008 -5.70 7.50
2009 -17.10 7.50
2010 21.20 7.50
2011 25.70 7.50
2012 -0.30 7.50
2013 9.70 7.50
2014 16.40 7.50
2015 3.50 7.50
2016 1.10 7.25
2017 9.30 7.25
2018 7.00 7.25
2019 5.10 7.25
2020 -3.90 7.25
2021 31.20 6.75
2022 0.90 6.75
2023 -3.90 6.75

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Fairfax County Police
2001-2023

Fiscal Year Cash Flow Assets
2001 2.9 605.4
2002 -1.4 573.3
2003 -4.7 591.9
2004 -3.9 679.1
2005 -5.4 735.1
2006 -4.4 800.4
2007 -7.2 931.9
2008 -8.0 868.2
2009 -9.8 706.6
2010 -13.7 836.0
2011 -10.9 1,035.1
2012 -11.0 1,017.5
2013 -11.7 1,102.5
2014 -18.4 1,260.8
2015 -21.4 1,280.9
2016 -21.3 1,270.4
2017 -20.6 1,365.8
2018 -24.1 1,435.9
2019 -23.8 1,483.7
2020 -23.8 1,400.6
2021 -25.2 1,808.2
2022 -37.0 1,786.7
2023 -39.4 1,677.9

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
Fairfax County Police
2001-2023

Fiscal Year Fairfax County Police National Average
2001 0.5 -2.0
2002 -0.2 -2.4
2003 -0.8 -2.5
2004 -0.6 -1.8
2005 -0.7 -2.2
2006 -0.6 -2.2
2007 -0.8 -2.0
2008 -0.9 -2.1
2009 -1.4 -3.1
2010 -1.6 -3.2
2011 -1.1 -3.0
2012 -1.1 -3.2
2013 -1.1 -3.1
2014 -1.5 -2.9
2015 -1.7 -2.7
2016 -1.7 -2.9
2017 -1.5 -2.8
2018 -1.7 -2.4
2019 -1.6 -2.4
2020 -1.7 -2.3
2021 -1.4 -2.0
2022 -2.1 -1.9
2023 -2.3 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Fairfax County Police benefit descriptions.