Georgia Public Schools Basics

  • Established 1969
  • 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, Georgia Public Schools, 2001-2024

Fiscal Year Net Assets (billions)
2001 0.75
2002 0.70
2003 0.69
2004 0.72
2005 0.74
2006 0.74
2007 0.81
2008 0.74
2009 0.60
2010 0.62
2011 0.70
2012 0.67
2013 0.73
2014 0.82
2015 0.82
2016 0.80
2017 0.87
2018 0.91
2019 0.94
2020 0.96
2021 1.20
2022 1.03
2023 1.10
2024 1.21

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2024

Fiscal Year Georgia Public Schools US State and Local Pensions
2001 3.3 2.4
2002 2.9 2.3
2003 3.0 2.2
2004 null 2.1
2005 3.0 2.1
2006 2.9 2.0
2007 3.0 2.0
2008 3.0 1.9
2009 2.9 1.9
2010 2.8 1.8
2011 2.7 1.7
2012 2.6 1.6
2013 2.4 1.6
2014 2.2 1.5
2015 2.1 1.5
2016 null 1.4
2017 2.0 1.4
2018 1.9 1.4
2019 1.8 1.3
2020 1.8 1.3
2021 1.7 1.2
2022 1.6 1.2
2023 1.6 1.2
2024 1.6 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 Public Schools, 2001-2024

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 null 0.0 5.4 null
2002 null 0.0 5.3 null
2003 null 0.0 6.1 null
2004 null null 8.0 null
2005 null 0.0 9.6 null
2006 null 0.0 10.0 null
2007 null 0.0 10.8 null
2008 null 0.0 11.1 null
2009 null 0.0 11.2 null
2010 null 0.0 11.7 null
2011 null 0.0 13.4 null
2012 null 0.0 14.2 null
2013 null 0.0 15.3 null
2014 null 0.0 14.9 null
2015 null 0.0 15.2 null
2016 null 0.0 15.2 null
2017 null 0.0 15.4 null
2018 null 0.0 17.6 null
2019 null 0.0 16.6 null
2020 null 0.0 18.3 null
2021 null 0.0 18.2 null
2022 null 0.0 18.7 null
2023 null 0.0 18.3 null
2024 null 0.0 18.3 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Georgia Public Schools, 2001-2024

Fiscal Year Georgia Public Schools National Data
2001 115.5 101.6
2002 115.4 94.7
2003 110.6 88.8
2004 111.5 87.0
2005 112.3 85.4
2006 110.8 85.2
2007 105.3 86.2
2008 102.7 84.4
2009 93.5 78.5
2010 84.2 75.8
2011 81.2 74.4
2012 79.4 72.4
2013 79.9 72.0
2014 82.2 73.2
2015 null 73.2
2016 81.2 71.7
2017 85.5 72.1
2018 84.5 72.4
2019 84.1 72.6
2020 84.7 72.8
2021 85.1 75.9
2022 87.9 76.4
2023 86.4 76.3
2024 85.6 76.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Georgia Public Schools, 2024

Category Percent
Equities 65.0
Fixed Income 35.0
Private Equity 0.0
Real Estate 0.0
Cash 0.0
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, 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 Georgia Public Schools, 2001-2024

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 57.0 43.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 54.1 45.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2003 51.5 48.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2004 58.9 41.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2005 59.6 40.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2006 58.6 41.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2007 59.5 40.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2008 55.6 44.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2009 52.3 47.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2010 59.4 40.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2011 67.2 32.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2012 65.9 34.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2013 68.1 31.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2014 67.2 32.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2015 65.3 34.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2016 62.3 37.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2017 63.9 36.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2018 61.9 36.9 1.2 0.0 0.0 0.0 0.0 0.0 0.0
2019 61.1 37.1 1.8 0.0 0.0 0.0 0.0 0.0 0.0
2020 60.9 37.1 2.0 0.0 0.0 0.0 0.0 0.0 0.0
2021 63.2 34.5 2.3 0.0 0.0 0.0 0.0 0.0 0.0
2022 59.5 37.2 3.3 0.0 0.0 0.0 0.0 0.0 0.0
2023 61.2 35.5 3.3 0.0 0.0 0.0 0.0 0.0 0.0
2024 65.0 35.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Georgia Public Schools, 2001-2024

Fiscal Year Georgia Public Schools Assumed return
2001 -6.11 7.00
2002 -4.00 7.00
2003 4.50 7.25
2004 9.80 7.50
2005 7.80 7.50
2006 6.20 7.50
2007 14.70 7.50
2008 -3.50 7.50
2009 -13.00 7.50
2010 10.99 7.50
2011 21.29 7.50
2012 2.19 7.50
2013 13.33 7.50
2014 17.29 7.50
2015 3.74 7.50
2016 1.40 7.50
2017 12.40 7.50
2018 9.20 7.50
2019 6.90 7.50
2020 5.48 7.50
2021 29.36 7.30
2022 -11.71 7.30
2023 11.29 7.30
2024 14.07 7.20

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 Public Schools
2001-2024

Fiscal Year Cash Flow Assets
2001 -15.5 748.6
2002 -22.2 697.5
2003 -32.4 694.7
2004 -37.8 723.1
2005 -39.1 737.9
2006 -38.8 743.7
2007 -38.9 811.6
2008 -44.2 740.4
2009 -45.9 597.3
2010 -48.4 615.3
2011 -47.3 696.1
2012 -39.3 670.4
2013 -31.2 727.3
2014 -29.3 821.7
2015 -28.7 823.2
2016 -29.2 803.8
2017 -33.4 868.1
2018 -32.4 914.1
2019 -33.1 941.6
2020 -33.3 958.2
2021 -36.0 1,200.0
2022 -35.6 1,026.2
2023 -35.4 1,103.9
2024 -42.3 1,212.0

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 Public Schools
2001-2024

Fiscal Year Georgia Public Schools National Average
2001 -2.1 -2.0
2002 -3.2 -2.4
2003 -4.7 -2.5
2004 -5.2 -1.8
2005 -5.3 -2.2
2006 -5.2 -2.6
2007 -4.8 -2.1
2008 -6.0 -2.2
2009 -7.7 -3.1
2010 -7.9 -3.2
2011 -6.8 -3.1
2012 -5.9 -3.3
2013 -4.3 -3.2
2014 -3.6 -2.9
2015 -3.5 -2.7
2016 -3.6 -3.0
2017 -3.8 -2.8
2018 -3.5 -2.5
2019 -3.5 -2.4
2020 -3.5 -2.3
2021 -3.0 -2.0
2022 -3.5 -1.9
2023 -3.2 -1.9
2024 -3.5 -1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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