Denver Schools Basics

  • Established 1945
  • Currently open to new hires
  • Plan covers teachers
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Denver Schools, 2001-2019

Fiscal Year Net Assets (billions)
2001 2.35
2002 2.07
2003 2.40
2004 2.56
2005 2.67
2006 2.85
2007 3.01
2008 2.45
2009 2.75
2010 2.94
2011 2.82
2012 3.00
2013 3.27
2014 3.26
2015 3.11
2016 3.13
2017 3.48
2018 3.18
2019 3.66

Source: Public Plans Database

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Number of Actives per Annuitant, 2009-2019

Fiscal Year Denver Schools US State and Local Pensions
2009 2.0 2.4
2010 2.1 2.3
2011 2.2 2.2
2012 2.2 2.1
2013 2.3 2.1
2014 2.3 2.1
2015 2.3 2.0
2016 2.3 2.0
2017 2.3 1.9
2018 2.3 1.9
2019 2.2 2.0

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 Schools, 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 2.8 0.0 9.7 2.8
2002 2.9 2.9 9.9 5.7
2003 4.1 4.9 11.3 9.0
2004 6.7 4.3 13.8 11.0
2005 8.9 4.4 14.4 13.3
2006 10.3 3.7 14.4 14.0
2007 11.4 2.4 14.5 13.7
2008 111.9 0.0 14.0 13.5
2009 9.9 2.1 14.3 11.9
2010 1.2 13.4 17.1 14.6
2011 2.4 9.5 18.3 11.9
2012 2.6 7.0 20.3 9.6
2013 4.3 7.3 20.9 11.5
2014 3.2 7.0 20.1 10.1
2015 1.4 10.2 20.4 11.6
2016 2.7 8.4 20.2 11.0
2017 4.2 6.7 21.2 10.9
2018 7.6 6.6 22.9 14.1
2019 8.5 3.3 24.5 11.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Denver Schools, 2001-2019

Fiscal Year Denver Schools National Data
2001 97.0 91.0
2002 91.0 82.6
2003 90.6 77.3
2004 88.2 78.4
2005 87.9 77.2
2006 88.3 78.0
2007 87.7 80.7
2008 84.3 78.7
2009 88.3 70.1
2010 88.9 66.7
2011 81.5 65.8
2012 84.0 63.3
2013 81.2 63.7
2014 82.6 64.7
2015 82.1 65.1
2016 75.9 63.1
2017 79.7 63.8
2018 76.8 63.6
2019 80.0 64.2

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 Schools, 2019

Category Percent
Equities 56.9
Fixed Income 22.1
Private Equity 8.1
Real Estate 8.9
Cash 0.5
Other 0.0
Commodities 0.0
Hedge Fund 3.5
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Denver Schools, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 41.9 36.8 5.1 12.3 3.9 0.0 0.0 0.0 0.0
2002 37.8 40.3 4.2 12.3 5.4 0.0 0.0 0.0 0.0
2003 51.0 30.7 3.7 10.0 4.6 0.0 0.0 0.0 0.0
2004 58.0 29.0 3.0 9.0 1.0 0.0 0.0 0.0 0.0
2005 57.0 29.0 4.0 9.0 1.0 0.0 0.0 0.0 0.0
2006 55.0 31.0 4.0 9.0 1.0 0.0 0.0 0.0 0.0
2007 55.0 29.0 5.0 10.0 1.0 0.0 0.0 0.0 0.0
2008 46.0 36.0 6.0 10.0 2.0 0.0 0.0 0.0 0.0
2009 55.0 31.0 7.0 6.0 1.0 0.0 0.0 0.0 0.0
2010 57.7 22.9 9.3 7.4 0.6 0.0 0.0 2.1 0.0
2011 55.5 23.6 9.3 8.6 0.9 0.0 0.0 2.1 0.0
2012 56.5 23.3 8.7 8.1 0.9 0.0 0.0 2.5 0.0
2013 58.4 23.4 7.8 7.1 0.8 0.0 0.0 2.5 0.0
2014 56.5 24.9 7.8 7.4 0.9 0.0 0.0 2.5 0.0
2015 55.5 24.7 8.2 8.6 0.8 0.0 0.0 2.2 0.0
2016 55.9 22.7 8.4 9.0 1.4 0.0 0.0 2.6 0.0
2017 57.7 21.9 8.0 8.6 0.4 0.0 0.0 3.4 0.0
2018 53.4 24.0 8.8 9.6 0.6 0.0 0.0 3.6 0.0
2019 56.9 22.1 8.1 8.9 0.5 0.0 0.0 3.5 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Denver Schools, 2001-2019

Fiscal Year Denver Schools Assumed return
2001 0.17 8.75
2002 -5.15 8.75
2003 23.08 8.75
2004 12.71 8.50
2005 10.64 8.50
2006 12.61 8.50
2007 10.07 8.50
2008 -24.31 8.50
2009 19.93 8.00
2010 14.00 8.00
2011 1.90 8.00
2012 12.90 8.00
2013 15.60 7.50
2014 5.70 7.50
2015 1.50 7.50
2016 7.30 7.25
2017 18.10 7.25
2018 -3.50 7.25
2019 20.30 7.25

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 Schools
2001-2019

Fiscal Year Cash Flow Assets
2001 -103.2 2,347.1
2002 -111.5 2,069.1
2003 -115.3 2,403.5
2004 -126.1 2,555.9
2005 -131.4 2,667.9
2006 -135.2 2,854.3
2007 -138.5 3,007.0
2008 249.1 2,453.6
2009 -168.5 2,746.2
2010 -176.8 2,940.9
2011 -176.0 2,820.1
2012 -179.0 2,996.1
2013 -176.8 3,272.4
2014 -191.5 3,263.8
2015 -205.6 3,107.3
2016 -203.0 3,126.0
2017 -200.4 3,478.0
2018 -180.3 3,184.4
2019 -163.7 3,656.4

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Denver Schools
2001-2019

Fiscal Year Denver Schools National Average
2001 -4.4 -4.4
2002 -5.4 -5.4
2003 -4.8 -4.8
2004 -4.9 -4.9
2005 -4.9 -3.0
2006 -4.7 -3.2
2007 -4.6 -3.4
2008 10.2 -2.8
2009 -6.1 -4.9
2010 -6.0 -4.7
2011 -6.2 -5.2
2012 -6.0 -5.1
2013 -5.4 -4.8
2014 -5.9 -4.9
2015 -6.6 -5.2
2016 -6.5 -5.2
2017 -5.8 -4.9
2018 -5.7 -4.6
2019 -4.5 -3.7

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Denver Schools benefit descriptions.