Denver Employees Basics

  • Established 1963
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Denver Employees, 2007-2018

Fiscal Year Net Assets (billions)
2007 2.04
2008 1.46
2009 1.59
2010 1.73
2011 1.65
2012 1.78
2013 2.03
2014 2.06
2015 1.95
2016 2.01
2017 2.23
2018 2.06

Source: Public Plans Database

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Number of Actives per Annuitant, 2007-2018

Fiscal Year Denver Employees US State and Local Pensions
2007 1.4 2.1
2008 1.4 2.1
2009 1.2 2.0
2010 1.1 1.9
2011 1.0 1.8
2012 1.0 1.7
2013 1.0 1.6
2014 1.0 1.5
2015 1.0 1.5
2016 1.0 1.4
2017 0.9 1.3
2018 0.9 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 Denver Employees, 2007-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2007 7.5 0.0 10.0 7.3
2008 7.9 0.0 10.4 7.4
2009 8.5 2.2 10.2 10.7
2010 8.2 1.3 10.5 9.5
2011 8.8 1.2 12.5 10.1
2012 9.4 1.2 12.9 10.5
2013 10.4 0.0 13.9 10.3
2014 10.5 0.0 14.5 9.8
2015 11.5 0.0 14.9 10.2
2016 11.0 0.0 14.8 10.6
2017 11.1 0.0 15.1 11.0
2018 11.8 0.2 18.1 12.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Denver Employees, 2007-2018

Fiscal Year Denver Employees National Data
2007 98.2 91.2
2008 91.9 90.2
2009 88.4 83.2
2010 85.0 81.5
2011 81.6 80.4
2012 76.4 78.9
2013 76.4 78.7
2014 73.7 79.0
2015 72.2 78.2
2016 71.0 76.3
2017 67.7 76.4
2018 62.2 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.

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Investments

Asset Allocation for Denver Employees, 2018

Category Percent
Equities 40.8
Fixed Income 21.7
Private Equity 18.0
Real Estate 8.1
Cash 1.7
Other 0.0
Commodities 0.0
Hedge Fund 9.7
Misc. Alternatives 0.0

Source: Public Plans Database

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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.

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Asset allocation for Denver Employees, 2007-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2007 57.3 25.3 0.0 11.1 1.9 0.0 0.0 4.4 0.0
2008 50.2 29.8 0.0 11.5 2.8 0.0 0.0 5.7 0.0
2009 57.8 27.9 0.0 6.5 2.6 0.0 0.0 5.2 0.0
2010 55.8 23.9 0.0 6.9 2.2 0.0 0.0 11.2 0.0
2011 53.5 17.8 0.0 8.3 2.7 0.0 0.0 17.7 0.0
2012 52.3 17.3 0.0 8.2 1.8 0.0 0.0 20.4 0.0
2013 53.0 16.8 0.0 7.9 2.0 0.0 0.0 20.3 0.0
2014 50.0 18.2 0.0 7.6 2.1 0.0 0.0 22.1 0.0
2015 46.4 19.6 0.0 9.1 2.2 0.0 0.0 22.7 0.0
2016 45.3 20.2 8.3 7.9 2.4 0.0 4.0 12.0 0.0
2017 45.5 20.1 17.0 7.6 1.9 0.0 0.0 7.9 0.0
2018 40.8 21.7 18.0 8.1 1.7 0.0 0.0 9.7 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Denver Employees, 2007-2018

Fiscal Year Denver Employees Assumed return
2007 11.20 8.00
2008 -25.31 8.00
2009 13.68 8.00
2010 14.36 8.00
2011 -0.43 8.00
2012 13.09 8.00
2013 18.21 8.00
2014 5.33 8.00
2015 -1.88 7.75
2016 7.75 7.75
2017 15.02 7.50
2018 -2.40 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Denver Employees
2007-2018

Fiscal Year Cash Flow Assets
2007 -54.9 2,040.2
2008 -61.3 1,455.5
2009 -68.2 1,585.4
2010 -77.2 1,725.7
2011 -74.1 1,649.2
2012 -73.3 1,781.6
2013 -69.4 2,030.5
2014 -76.9 2,055.3
2015 -73.9 1,945.7
2016 -81.5 2,011.7
2017 -89.2 2,225.4
2018 -89.6 2,062.7

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Denver Employees
2007-2018

Fiscal Year Denver Employees National Average
2007 -2.7 -2.0
2008 -4.2 -3.0
2009 -4.3 -2.6
2010 -4.5 -2.4
2011 -4.5 -2.7
2012 -4.1 -2.6
2013 -3.4 -2.3
2014 -3.7 -2.3
2015 -3.8 -2.7
2016 -4.0 -2.2
2017 -4.0 -2.7
2018 -4.3 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Denver Employees benefit descriptions.