WV Municipal Police and Fire Basics

  • Established 2010
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, WV Municipal Police and Fire, 2010-2024

Fiscal Year Net Assets (billions)
2010 0.00
2011 0.00
2012 0.00
2013 0.00
2014 0.00
2015 0.00
2016 0.00
2017 0.00
2018 0.01
2019 0.01
2020 0.01
2021 0.02
2022 0.03
2023 0.04
2024 0.05

Source: Public Plans Database

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Number of Actives per Annuitant, 2010-2023

Fiscal Year WV Municipal Police and Fire US State and Local Pensions
2010 null 1.8
2011 null 1.7
2012 null 1.6
2013 null 1.6
2014 null 1.5
2015 null 1.5
2016 null 1.4
2017 null 1.4
2018 332.0 1.4
2019 370.0 1.3
2020 436.0 1.3
2021 540.0 1.2
2022 602.0 1.2
2023 649.0 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 WV Municipal Police and Fire, 2012-2024

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2012 7.5 0.0 35.2 3.0
2013 8.2 0.0 35.8 4.5
2014 7.7 0.0 33.0 2.4
2015 8.0 0.0 11.3 3.4
2016 8.5 0.0 12.0 3.2
2017 8.3 0.0 11.8 3.4
2018 7.2 0.0 11.9 2.1
2019 8.1 0.0 12.4 2.9
2020 7.8 0.0 12.0 2.7
2021 7.6 0.0 13.3 2.5
2022 7.8 0.0 13.2 2.9
2023 9.3 0.0 11.6 3.8
2024 9.0 0.0 11.4 4.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for WV Municipal Police and Fire, 2010-2023

Fiscal Year WV Municipal Police and Fire National Data
2010 79.7 75.8
2011 282.6 74.4
2012 224.4 72.4
2013 200.4 72.0
2014 211.4 73.2
2015 183.3 73.2
2016 161.4 71.7
2017 186.7 72.1
2018 168.3 72.4
2019 177.5 72.6
2020 166.5 72.8
2021 180.2 75.9
2022 140.1 76.4
2023 133.1 76.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for WV Municipal Police and Fire, 2024

Category Percent
Equities 47.5
Fixed Income 15.0
Private Equity 0.0
Real Estate 0.0
Cash 0.3
Other 0.0
Commodities 0.0
Hedge Fund 11.0
Misc. Alternatives 26.2

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2024

Category Percent
Equities 42.4
Fixed Income 21.1
Private Equity 13.7
Real Estate 9.1
Cash 2.4
Other 0.0
Commodities 3.0
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for WV Municipal Police and Fire, 2012-2024

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2012 43.4 21.7 9.0 5.8 11.6 0.0 0.0 8.5 0.0
2013 48.1 19.8 8.9 7.1 7.0 0.0 0.0 9.1 0.0
2014 52.9 14.7 9.7 8.8 4.5 0.0 0.0 9.4 0.0
2015 50.8 14.1 10.0 9.8 5.7 0.0 0.0 9.6 0.0
2016 52.3 12.8 10.0 10.0 3.9 0.0 0.0 11.0 0.0
2017 50.5 14.3 9.8 9.5 5.7 0.0 0.0 10.2 0.0
2018 48.9 13.7 10.9 9.4 2.7 0.0 0.0 14.5 0.0
2019 48.3 12.6 10.8 9.3 4.4 0.0 0.0 14.6 0.0
2020 49.5 13.1 11.3 9.1 3.4 0.0 0.0 13.6 0.0
2021 48.6 13.6 13.5 8.6 3.3 0.0 0.0 12.4 0.0
2022 44.9 14.3 14.3 10.6 1.9 0.0 0.0 14.0 0.0
2023 45.6 14.1 12.8 9.5 4.0 0.0 0.0 14.0 0.0
2024 47.5 15.0 0.0 0.0 0.3 0.0 0.0 11.0 26.2

Source: Public Plans Database

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Annual Return as of June 30 for WV Municipal Police and Fire, 2010-2024

Fiscal Year WV Municipal Police and Fire Assumed return
2010 16.00 7.50
2011 20.70 7.50
2012 1.10 7.50
2013 13.10 7.50
2014 17.90 7.50
2015 3.90 7.50
2016 -0.10 7.50
2017 15.80 7.50
2018 9.80 7.50
2019 6.00 7.50
2020 3.30 7.50
2021 32.10 7.25
2022 -6.40 7.25
2023 8.40 7.25
2024 11.50 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)
WV Municipal Police and Fire
2010-2024

Fiscal Year Cash Flow Assets
2010 null 0.0
2011 null 0.1
2012 0.1 0.2
2013 0.1 0.2
2014 0.3 0.5
2015 0.5 1.2
2016 0.8 2.0
2017 1.2 3.3
2018 1.6 5.5
2019 2.0 8.1
2020 3.2 14.9
2021 3.9 24.1
2022 4.9 27.2
2023 5.7 35.5
2024 6.6 46.8

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
WV Municipal Police and Fire
2010-2024

Fiscal Year WV Municipal Police and Fire National Average
2010 null -3.2
2011 null -3.1
2012 65.8 -3.3
2013 65.8 -3.2
2014 55.8 -2.9
2015 45.6 -2.7
2016 38.0 -3.0
2017 37.5 -2.8
2018 29.0 -2.5
2019 24.9 -2.4
2020 21.2 -2.3
2021 16.3 -2.0
2022 18.1 -1.9
2023 16.1 -1.9
2024 14.0 -1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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