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, 2001-2023

Fiscal Year Net Assets (billions)
2001 1.38
2002 1.25
2003 1.47
2004 1.60
2005 1.71
2006 1.90
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
2019 2.26
2020 2.37
2021 2.67
2022 2.33
2023 2.49

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Denver Employees US State and Local Pensions
2001 1.9 2.4
2002 1.7 2.3
2003 1.5 2.2
2004 1.4 2.1
2005 1.4 2.1
2006 1.4 2.0
2007 1.4 2.0
2008 1.4 1.9
2009 1.2 1.9
2010 1.1 1.8
2011 1.0 1.7
2012 1.0 1.6
2013 1.0 1.5
2014 1.0 1.4
2015 1.0 1.4
2016 1.0 1.4
2017 0.9 1.4
2018 0.9 1.3
2019 0.9 1.3
2020 0.9 1.3
2021 0.8 1.2
2022 0.8 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 Denver Employees, 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 8.7 0.0 5.3 8.7
2002 9.1 0.3 5.2 9.4
2003 9.0 0.4 6.0 9.4
2004 9.1 1.3 7.8 10.4
2005 9.8 0.0 9.6 9.8
2006 9.9 0.8 9.9 10.7
2007 8.5 0.7 10.6 9.3
2008 10.1 0.0 11.0 9.7
2009 8.5 2.2 11.0 10.7
2010 8.2 1.3 11.6 9.5
2011 8.8 1.2 13.4 10.1
2012 9.4 1.2 14.1 10.5
2013 10.4 0.0 15.1 10.3
2014 11.1 0.0 15.8 10.3
2015 11.8 0.0 15.8 10.5
2016 11.7 0.0 15.7 11.3
2017 11.5 0.8 15.6 12.3
2018 12.2 0.2 16.3 12.3
2019 12.4 2.7 16.6 15.0
2020 14.8 0.0 17.0 14.4
2021 15.5 0.5 17.6 16.0
2022 16.0 0.7 17.7 16.8
2023 17.4 0.0 17.0 16.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Denver Employees, 2001-2022

Fiscal Year Denver Employees National Data
2001 99.5 101.7
2002 101.7 94.5
2003 98.0 88.8
2004 99.1 87.0
2005 97.4 85.4
2006 98.6 85.2
2007 98.2 86.3
2008 91.9 84.4
2009 88.4 78.4
2010 85.0 75.7
2011 81.6 74.3
2012 76.4 72.3
2013 76.4 71.8
2014 73.7 73.2
2015 72.2 73.2
2016 71.0 71.6
2017 67.7 72.0
2018 62.2 72.4
2019 61.7 72.5
2020 60.3 72.6
2021 61.8 75.8
2022 59.7 76.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Denver Employees, 2023

Category Percent
Equities 40.9
Fixed Income 23.5
Private Equity 0.0
Real Estate 7.5
Cash 2.2
Other 0.0
Commodities 2.8
Hedge Fund 6.7
Misc. Alternatives 16.4

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.5
Fixed Income 20.4
Private Equity 14.0
Real Estate 10.3
Cash 1.9
Other 0.0
Commodities 2.7
Hedge Fund 6.4
Misc. Alternatives 1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Denver Employees, 2001-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 54.6 33.1 0.0 8.4 1.9 0.0 0.0 2.0 0.0
2002 50.9 35.4 0.0 9.3 2.1 0.0 0.0 2.3 0.0
2003 61.1 27.8 0.0 8.8 0.4 0.0 0.0 1.9 0.0
2004 61.2 26.9 0.0 9.0 0.6 0.0 0.0 2.3 0.0
2005 60.3 25.8 0.0 10.3 0.8 0.0 0.0 2.8 0.0
2006 59.4 24.5 0.0 10.7 1.7 0.0 0.0 3.7 0.0
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
2019 37.1 23.3 16.4 7.5 4.7 0.0 6.1 4.9 0.0
2020 42.6 25.7 4.3 6.9 2.3 0.0 0.0 1.2 16.9
2021 39.6 25.0 2.6 8.8 3.1 0.0 0.0 2.5 18.4
2022 37.2 24.3 0.0 9.8 2.4 0.0 3.0 5.0 18.3
2023 40.9 23.5 0.0 7.5 2.2 0.0 2.8 6.7 16.4

Source: Public Plans Database

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Annual Return as of December 31 for Denver Employees, 2001-2023

Fiscal Year Denver Employees Assumed return
2001 -5.17 7.75
2002 -7.88 8.00
2003 20.06 8.00
2004 11.88 8.00
2005 9.98 8.00
2006 14.33 8.00
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
2019 12.60 7.50
2020 5.70 7.25
2021 17.10 7.25
2022 -8.50 7.00
2023 9.60 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)
Denver Employees
2001-2023

Fiscal Year Cash Flow Assets
2001 -25.2 1,377.6
2002 -17.0 1,252.7
2003 -24.1 1,470.9
2004 -33.8 1,600.8
2005 -40.1 1,710.0
2006 -49.0 1,895.0
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
2019 -88.3 2,258.5
2020 -72.2 2,366.7
2021 -95.2 2,665.0
2022 -103.5 2,325.3
2023 -58.2 2,486.3

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
Denver Employees
2001-2023

Fiscal Year Denver Employees National Average
2001 -1.8 -2.3
2002 -1.4 -1.0
2003 -1.6 -2.4
2004 -2.1 -2.6
2005 -2.3 -2.2
2006 -2.6 -2.2
2007 -2.7 -2.2
2008 -4.2 -2.9
2009 -4.3 -3.2
2010 -4.5 -3.2
2011 -4.5 -3.4
2012 -4.1 -3.3
2013 -3.4 -3.1
2014 -3.7 -2.9
2015 -3.8 -3.1
2016 -4.0 -3.2
2017 -4.0 -2.9
2018 -4.3 -3.1
2019 -3.9 -3.1
2020 -3.1 -2.8
2021 -3.6 -2.5
2022 -4.4 -2.9
2023 -2.3 -2.8

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Denver Employees benefit descriptions.