Washington PERS Plan 1 Basics

  • Established 1947
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Washington PERS Plan 1, 2001-2024

Fiscal Year Net Assets (billions)
2001 10.22
2002 8.99
2003 8.65
2004 9.22
2005 9.58
2006 10.26
2007 11.53
2008 10.65
2009 7.57
2010 7.63
2011 8.18
2012 7.38
2013 7.35
2014 7.94
2015 7.56
2016 7.13
2017 7.50
2018 7.68
2019 7.85
2020 7.73
2021 9.63
2022 9.10
2023 9.23
2024 9.37

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Number of Actives per Annuitant, 2001-2023

Fiscal Year Washington PERS Plan 1 US State and Local Pensions
2001 0.4 2.4
2002 0.4 2.3
2003 0.4 2.2
2004 0.3 2.1
2005 0.3 2.1
2006 0.3 2.0
2007 0.2 2.0
2008 0.2 1.9
2009 0.2 1.9
2010 0.2 1.8
2011 0.1 1.7
2012 0.1 1.6
2013 null 1.6
2014 0.1 1.5
2015 0.1 1.5
2016 0.1 1.4
2017 0.1 1.4
2018 0.0 1.4
2019 0.0 1.3
2020 0.0 1.3
2021 0.0 1.2
2022 0.0 1.2
2023 0.0 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Washington PERS Plan 1, 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 16.8 0.0 5.4 10.9
2002 6.7 9.3 5.3 16.1
2003 6.1 18.2 6.1 24.2
2004 3.1 31.1 8.0 34.2
2005 3.0 40.3 9.6 43.3
2006 4.2 56.2 10.0 60.5
2007 17.6 41.1 10.8 58.8
2008 34.8 36.2 11.1 71.0
2009 55.6 51.3 11.2 106.9
2010 30.9 92.8 11.7 123.8
2011 33.6 68.2 13.4 101.7
2012 69.9 67.1 14.2 137.0
2013 84.0 84.0 15.3 168.1
2014 4.2 0.0 14.9 4.1
2015 4.1 0.0 15.2 4.1
2016 5.1 0.2 15.2 5.3
2017 4.9 0.4 15.4 5.3
2018 5.1 0.2 17.6 5.3
2019 5.2 0.2 16.6 5.4
2020 4.8 0.0 18.3 4.8
2021 4.9 0.0 18.2 4.9
2022 3.8 0.0 18.7 3.8
2023 3.8 0.0 18.3 3.9
2024 3.0 1.0 18.3 4.0

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

Actuarial Funded Ratio for Washington PERS Plan 1, 2002-2023

Fiscal Year Washington PERS Plan 1 National Data
2002 86.0 94.7
2003 81.0 88.8
2004 77.0 87.0
2005 71.0 85.4
2006 73.0 85.2
2007 71.0 86.2
2008 71.0 84.4
2009 70.0 78.5
2010 74.0 75.8
2011 71.0 74.4
2012 69.0 72.4
2013 63.0 72.0
2014 61.0 73.2
2015 58.3 73.2
2016 56.5 71.7
2017 57.1 72.1
2018 60.2 72.4
2019 64.7 72.6
2020 68.9 72.8
2021 70.9 75.9
2022 75.1 76.4
2023 80.0 76.3

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

Asset Allocation for Washington PERS Plan 1, 2024

Category Percent
Equities 29.2
Fixed Income 17.8
Private Equity 11.2
Real Estate 20.9
Cash 0.0
Other 0.0
Commodities 9.1
Hedge Fund 11.7
Misc. Alternatives 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

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.

Copy this code into your HTML Editor, Blog Post or CMS.


Asset allocation for Washington PERS Plan 1, 2001-2024

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 51.1 25.7 13.4 8.5 1.3 0.0 0.0 0.0 0.0
2002 48.3 28.0 13.2 9.2 1.3 0.0 0.0 0.0 0.0
2003 47.7 27.3 14.4 9.4 1.2 0.0 0.0 0.0 0.0
2004 51.0 26.1 12.2 9.6 1.1 0.0 0.0 0.0 0.0
2005 49.2 26.0 14.6 9.3 1.0 0.0 0.0 0.0 0.0
2006 47.8 24.1 16.8 10.5 0.9 0.0 0.0 0.0 0.0
2007 47.1 23.5 18.3 11.0 0.1 0.0 0.0 0.1 0.0
2008 38.7 23.4 22.3 14.0 0.1 0.0 0.7 0.9 0.0
2009 36.0 23.2 21.2 17.5 0.2 0.0 1.1 0.8 0.0
2010 34.7 21.9 25.8 14.2 1.4 0.0 1.2 0.8 0.0
2011 36.8 19.6 25.1 13.8 1.6 0.0 1.2 2.0 0.0
2012 36.0 22.2 26.0 13.7 0.2 0.0 1.4 0.6 0.0
2013 37.7 22.6 23.8 13.6 0.2 0.0 1.5 0.5 0.0
2014 38.0 25.1 22.3 12.4 0.2 0.0 1.6 0.4 0.0
2015 37.3 23.8 22.0 14.5 0.2 0.0 2.0 0.3 0.0
2016 38.0 22.0 21.0 15.8 0.3 0.0 2.9 0.1 0.0
2017 39.4 19.3 20.4 17.0 0.1 0.0 3.8 0.0 0.0
2018 34.2 23.5 20.6 17.2 0.1 0.0 4.4 0.0 0.0
2019 33.4 21.5 21.5 18.3 0.1 0.0 5.1 0.1 0.0
2020 33.6 21.3 21.0 18.4 0.1 0.0 5.4 0.2 0.0
2021 32.8 19.1 25.6 16.5 0.1 0.0 5.5 0.5 0.0
2022 24.2 18.6 29.3 21.0 0.1 0.0 6.1 0.8 0.0
2023 25.8 16.2 28.8 21.0 0.1 0.0 6.9 1.1 0.0
2024 29.2 17.8 11.2 20.9 0.0 0.0 9.1 11.7 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Annual Return as of June 30 for Washington PERS Plan 1, 2001-2024

Fiscal Year Washington PERS Plan 1 Assumed return
2001 -5.96 8.00
2002 -6.40 8.00
2003 4.15 8.00
2004 16.06 8.00
2005 13.34 8.00
2006 16.69 8.00
2007 21.33 8.00
2008 -1.24 8.00
2009 -22.84 8.00
2010 13.22 8.00
2011 21.14 7.90
2012 1.40 7.90
2013 12.36 7.80
2014 17.06 7.50
2015 4.93 7.50
2016 2.65 7.50
2017 13.44 7.50
2018 10.20 7.40
2019 8.36 7.40
2020 3.71 7.40
2021 28.68 7.40
2022 5.39 7.00
2023 5.24 7.00
2024 8.50 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Washington PERS Plan 1
2001-2024

Fiscal Year Cash Flow Assets
2001 -431.3 10,216.7
2002 -591.4 8,987.3
2003 -664.8 8,649.2
2004 -754.7 9,219.5
2005 -812.3 9,576.3
2006 -860.2 10,255.5
2007 -821.7 11,525.5
2008 -765.7 10,649.8
2009 -712.7 7,567.7
2010 -925.3 7,626.5
2011 -972.7 8,180.5
2012 -893.2 7,376.7
2013 -895.3 7,348.7
2014 -719.7 7,943.9
2015 -722.0 7,561.1
2016 -592.1 7,129.0
2017 -578.4 7,499.1
2018 -508.8 7,680.0
2019 -469.7 7,854.3
2020 -466.3 7,729.4
2021 -440.1 9,629.1
2022 -559.2 9,097.5
2023 -480.8 9,229.3
2024 -566.1 9,368.3

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

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
Washington PERS Plan 1
2001-2024

Fiscal Year Washington PERS Plan 1 National Average
2001 -4.2 -2.0
2002 -6.6 -2.4
2003 -7.7 -2.5
2004 -8.2 -1.8
2005 -8.5 -2.2
2006 -8.4 -2.6
2007 -7.1 -2.1
2008 -7.2 -2.2
2009 -9.4 -3.1
2010 -12.1 -3.2
2011 -11.9 -3.1
2012 -12.1 -3.3
2013 -12.2 -3.2
2014 -9.1 -2.9
2015 -9.5 -2.7
2016 -8.3 -3.0
2017 -7.7 -2.8
2018 -6.6 -2.5
2019 -6.0 -2.4
2020 -6.0 -2.3
2021 -4.6 -2.0
2022 -6.1 -1.9
2023 -5.2 -1.9
2024 -6.0 -1.8

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Benefits

Website for Washington PERS Plan 1 benefit descriptions.