Washington PSERS Plan 2 Basics

  • Established 2006
  • 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, Washington PSERS Plan 2, 2001-2024

Fiscal Year Net Assets (billions)
2001 3.27
2002 null
2003 null
2004 null
2005 null
2006 null
2007 0.01
2008 0.04
2009 0.06
2010 0.09
2011 0.14
2012 0.17
2013 0.23
2014 0.30
2015 0.35
2016 0.40
2017 0.50
2018 0.60
2019 0.72
2020 0.83
2021 1.20
2022 1.27
2023 1.45
2024 1.68

Source: Public Plans Database

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Number of Actives per Annuitant, 2006-2023

Fiscal Year Washington PSERS Plan 2 US State and Local Pensions
2006 null 2.0
2007 null 2.0
2008 3,981.0 1.9
2009 2,170.0 1.9
2010 601.4 1.8
2011 279.1 1.7
2012 157.4 1.6
2013 100.8 1.6
2014 77.7 1.5
2015 65.0 1.5
2016 50.8 1.4
2017 34.9 1.4
2018 26.8 1.4
2019 26.2 1.3
2020 22.1 1.3
2021 19.9 1.2
2022 13.7 1.2
2023 12.3 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 Washington PSERS Plan 2, 2007-2024

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2007 4.9 0.4 26.7 5.3
2008 5.8 0.4 29.0 6.2
2009 6.5 0.0 31.4 6.4
2010 6.7 0.0 31.8 6.5
2011 6.7 0.0 33.6 6.3
2012 6.4 0.0 35.2 6.2
2013 6.2 0.0 35.8 6.0
2014 6.3 0.0 33.0 6.3
2015 6.4 0.0 11.3 6.3
2016 6.2 0.4 12.0 6.6
2017 6.5 0.1 11.8 6.6
2018 6.6 0.1 11.9 6.7
2019 6.9 0.2 12.4 7.1
2020 7.2 0.0 12.0 7.2
2021 7.2 0.0 13.3 7.2
2022 6.6 0.0 13.2 6.5
2023 6.6 0.0 11.6 6.6
2024 6.8 0.8 11.4 7.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Washington PSERS Plan 2, 2006-2023

Fiscal Year Washington PSERS Plan 2 National Data
2006 100.0 85.2
2007 110.0 86.2
2008 117.0 84.4
2009 108.0 78.5
2010 109.0 75.8
2011 111.0 74.4
2012 114.0 72.4
2013 103.0 72.0
2014 95.9 73.2
2015 94.9 73.2
2016 94.6 71.7
2017 95.1 72.1
2018 96.0 72.4
2019 100.9 72.6
2020 100.9 72.8
2021 97.5 75.9
2022 100.6 76.4
2023 96.4 76.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Washington PSERS Plan 2, 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

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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 Washington PSERS Plan 2, 2007-2024

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
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

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Annual Return as of June 30 for Washington PSERS Plan 2, 2001-2024

Fiscal Year Washington PSERS Plan 2 Assumed return
2001 -5.67 null
2002 null null
2003 null null
2004 null null
2005 null null
2006 null 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.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Washington PSERS Plan 2
2001-2024

Fiscal Year Cash Flow Assets
2001 63.5 3,266.1
2002 null null
2003 null null
2004 null null
2005 null null
2006 null null
2007 13.2 14.0
2008 23.3 36.6
2009 28.6 55.8
2010 29.5 92.6
2011 29.1 143.1
2012 28.5 174.4
2013 29.2 226.1
2014 32.0 303.4
2015 34.2 352.8
2016 37.7 400.7
2017 42.9 503.7
2018 47.3 601.2
2019 58.7 717.3
2020 80.9 833.4
2021 88.2 1,200.5
2022 69.2 1,272.1
2023 83.0 1,448.8
2024 105.2 1,675.9

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
Washington PSERS Plan 2
2001-2024

Fiscal Year Washington PSERS Plan 2 National Average
2001 1.9 -2.0
2002 null -2.4
2003 null -2.5
2004 null -1.8
2005 null -2.2
2006 null -2.6
2007 94.2 -2.1
2008 63.6 -2.2
2009 51.2 -3.1
2010 31.8 -3.2
2011 20.3 -3.1
2012 16.3 -3.3
2013 12.9 -3.2
2014 10.6 -2.9
2015 9.7 -2.7
2016 9.4 -3.0
2017 8.5 -2.8
2018 7.9 -2.5
2019 8.2 -2.4
2020 9.7 -2.3
2021 7.3 -2.0
2022 5.4 -1.9
2023 5.7 -1.9
2024 6.3 -1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Benefits

Website for Washington PSERS Plan 2 benefit descriptions.