State Data » Georgia » Georgia Fire » Georgia Fire

Georgia Fire Basics

  • Established 1955
  • 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, Georgia Fire, 2001-2023

Fiscal Year Net Assets (billions)
2001 0.42
2002 0.42
2003 0.44
2004 0.51
2005 0.53
2006 0.56
2007 0.65
2008 0.60
2009 0.43
2010 0.48
2011 0.58
2012 0.57
2013 0.65
2014 0.76
2015 null
2016 0.77
2017 0.84
2018 0.89
2019 0.93
2020 0.92
2021 1.20
2022 1.06
2023 1.14

Source: Public Plans Database

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Number of Actives per Annuitant, 2011-2024

Fiscal Year Georgia Fire US State and Local Pensions
2011 3.2 1.7
2012 null 1.6
2013 3.0 1.6
2014 2.9 1.5
2015 2.8 1.5
2016 2.6 1.4
2017 2.5 1.4
2018 2.4 1.4
2019 2.3 1.3
2020 2.2 1.3
2021 2.1 1.2
2022 2.0 1.2
2023 1.9 1.2
2024 1.9 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 Georgia Fire, 2008-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2008 null 0.0 29.0 null
2009 null null 31.4 null
2010 null null 31.8 null
2011 null null 33.6 null
2012 null null 35.2 null
2013 null null 35.8 null
2014 null 0.0 33.0 null
2015 null 0.0 11.3 null
2016 null 0.0 12.0 null
2017 null 0.0 11.8 null
2018 null 0.0 11.9 null
2019 null 0.0 12.4 null
2020 null 0.0 12.0 null
2021 null 0.0 13.3 null
2022 null 0.0 13.2 null
2023 null 0.0 11.6 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Georgia Fire, 2011-2024

Fiscal Year Georgia Fire National Data
2011 76.4 74.4
2012 null 72.4
2013 69.8 72.0
2014 80.0 73.2
2015 79.8 73.2
2016 79.9 71.7
2017 82.2 72.1
2018 82.2 72.4
2019 83.0 72.6
2020 83.4 72.8
2021 84.1 75.9
2022 80.9 76.4
2023 82.0 76.3
2024 83.9 76.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Georgia Fire, 2023

Category Percent
Equities 58.2
Fixed Income 28.6
Private Equity 8.1
Real Estate 0.0
Cash 5.1
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.3
Fixed Income 20.4
Private Equity 14.1
Real Estate 10.3
Cash 1.9
Other 0.0
Commodities 2.7
Hedge Fund 6.4
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Georgia Fire, 2008-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2008 58.0 25.0 0.0 0.0 2.0 0.0 0.0 0.0 15.0
2009 27.3 37.4 0.0 0.0 18.2 0.0 0.0 0.0 17.2
2010 47.8 51.6 0.0 0.0 0.6 0.0 0.0 0.0 0.0
2011 61.3 36.9 0.0 0.0 1.8 0.0 0.0 0.0 0.0
2012 59.5 37.7 0.6 0.0 2.2 0.0 0.0 0.0 0.0
2013 63.0 35.1 1.1 0.0 0.8 0.0 0.0 0.0 0.0
2014 63.7 32.8 1.5 0.0 2.0 0.0 0.0 0.0 0.0
2015 62.7 33.5 2.5 0.0 1.3 0.0 0.0 0.0 0.0
2016 62.2 33.8 3.0 0.0 1.0 0.0 0.0 0.0 0.0
2017 62.3 32.2 3.1 0.0 2.4 0.0 0.0 0.0 0.0
2018 61.4 32.0 3.9 0.0 2.7 0.0 0.0 0.0 0.0
2019 61.3 33.1 4.3 0.0 1.3 0.0 0.0 0.0 0.0
2020 58.2 32.8 5.0 0.0 4.0 0.0 0.0 0.0 0.0
2021 64.0 27.4 5.9 0.0 2.7 0.0 0.0 0.0 0.0
2022 59.9 29.1 8.1 0.0 2.9 0.0 0.0 0.0 0.0
2023 58.2 28.6 8.1 0.0 5.1 0.0 0.0 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Georgia Fire, 2001-2023

Fiscal Year Georgia Fire Assumed return
2001 1.31 6.00
2002 1.21 null
2003 5.24 6.00
2004 15.58 null
2005 3.70 6.00
2006 5.36 null
2007 16.69 6.00
2008 -7.10 null
2009 -28.61 6.00
2010 13.18 null
2011 21.96 6.00
2012 -0.27 6.00
2013 15.83 6.00
2014 1.60 6.50
2015 null 6.00
2016 0.78 6.00
2017 11.16 6.00
2018 7.28 6.00
2019 5.68 6.00
2020 0.27 6.00
2021 31.44 5.75
2022 -10.50 5.75
2023 9.70 5.75

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Georgia Fire
2001-2023

Fiscal Year Cash Flow Assets
2001 -2.0 415.5
2002 -1.4 419.1
2003 0.2 441.2
2004 1.0 511.0
2005 0.7 530.6
2006 -0.2 558.8
2007 -1.2 650.7
2008 -0.1 602.2
2009 -1.3 428.8
2010 -4.4 480.6
2011 -5.9 579.6
2012 -6.6 571.5
2013 -6.8 654.6
2014 -5.0 761.1
2015 null null
2016 -6.6 766.7
2017 -8.3 843.4
2018 -9.6 894.9
2019 -11.0 934.4
2020 -11.9 924.9
2021 -11.6 1,202.3
2022 -13.6 1,055.7
2023 -11.5 1,142.9

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
Georgia Fire
2001-2023

Fiscal Year Georgia Fire National Average
2001 -0.5 -2.0
2002 -0.3 -2.4
2003 0.0 -2.5
2004 0.2 -1.8
2005 0.1 -2.2
2006 0.0 -2.6
2007 -0.2 -2.1
2008 0.0 -2.2
2009 -0.3 -3.1
2010 -0.9 -3.2
2011 -1.0 -3.1
2012 -1.1 -3.3
2013 -1.0 -3.2
2014 -0.7 -2.9
2015 null -2.7
2016 -0.9 -3.0
2017 -1.0 -2.8
2018 -1.1 -2.5
2019 -1.2 -2.4
2020 -1.3 -2.3
2021 -1.0 -2.0
2022 -1.3 -1.9
2023 -1.0 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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