Georgia Teachers Basics

  • Established 1943
  • Currently open to new hires
  • Plan covers teachers
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Georgia Teachers, 2001-2019

Fiscal Year Net Assets (billions)
2001 39.66
2002 37.83
2003 39.22
2004 42.59
2005 45.28
2006 47.25
2007 53.13
2008 50.06
2009 42.48
2010 45.93
2011 54.08
2012 53.49
2013 58.59
2014 66.47
2015 66.80
2016 65.55
2017 71.34
2018 75.53
2019 78.79

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year Georgia Teachers US State and Local Pensions
2001 3.8 2.4
2002 3.7 2.4
2003 3.6 2.3
2004 3.2 2.2
2005 3.0 2.1
2006 2.9 2.1
2007 2.9 2.0
2008 2.9 2.0
2009 2.8 1.9
2010 2.6 1.8
2011 2.3 1.7
2012 2.2 1.6
2013 2.0 1.5
2014 1.9 1.5
2015 1.9 1.4
2016 1.8 1.4
2017 1.8 1.4
2018 1.8 1.4
2019 1.7 1.3

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 Teachers, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 11.1 0.0 5.9 11.1
2002 9.4 0.0 5.5 9.4
2003 9.3 0.0 6.3 9.3
2004 9.7 0.0 7.8 9.7
2005 9.9 0.0 9.5 9.9
2006 9.7 0.0 10.5 9.7
2007 9.8 0.0 11.4 9.8
2008 9.7 0.0 11.9 9.7
2009 9.6 0.0 12.2 9.6
2010 10.1 0.0 14.7 10.1
2011 10.8 0.0 16.7 10.8
2012 10.8 0.0 17.7 10.8
2013 11.9 0.0 19.0 11.9
2014 12.7 0.0 19.8 12.7
2015 13.6 0.0 20.3 13.6
2016 14.7 0.0 20.3 14.7
2017 14.6 0.0 20.4 14.6
2018 17.2 0.0 21.1 17.2
2019 21.6 0.0 21.8 21.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Georgia Teachers, 2001-2019

Fiscal Year Georgia Teachers National Data
2001 103.9 105.5
2002 102.0 96.9
2003 101.1 93.1
2004 100.9 89.4
2005 98.0 85.5
2006 96.5 84.8
2007 94.7 85.3
2008 91.9 83.7
2009 89.9 78.5
2010 85.7 75.5
2011 84.0 72.8
2012 82.3 69.9
2013 81.1 68.9
2014 81.9 70.5
2015 79.1 70.7
2016 74.3 70.2
2017 74.2 70.8
2018 77.4 72.0
2019 76.7 71.5

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

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Investments

Asset Allocation for Georgia Teachers, 2019

Category Percent
Equities 70.2
Fixed Income 29.8
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, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Georgia Teachers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 56.9 43.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 53.9 46.1 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 59.4 40.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2005 60.4 39.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2006 61.2 38.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2007 62.5 37.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2008 58.8 41.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2009 57.0 43.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2010 63.7 36.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2011 72.3 27.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2012 71.0 29.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2013 73.5 26.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2014 72.9 27.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2015 71.2 28.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2016 68.6 31.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2017 70.9 29.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2018 69.4 30.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2019 70.2 29.8 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 Teachers, 2001-2019

Fiscal Year Georgia Teachers Assumed return
2001 -5.08 7.25
2002 -4.00 7.25
2003 4.60 7.50
2004 9.90 7.50
2005 7.90 7.50
2006 6.00 7.50
2007 14.60 7.50
2008 -3.40 7.50
2009 -13.06 7.50
2010 11.09 7.50
2011 21.27 7.50
2012 2.16 7.50
2013 13.28 7.50
2014 17.17 7.50
2015 3.70 7.50
2016 1.40 7.50
2017 12.50 7.50
2018 8.90 7.25
2019 6.80 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)
Georgia Teachers
2001-2019

Fiscal Year Cash Flow Assets
2001 -45.2 39,662.6
2002 -220.7 37,831.4
2003 -282.7 39,218.5
2004 -425.2 42,588.1
2005 -588.9 45,278.7
2006 -723.4 47,246.3
2007 -905.6 53,133.1
2008 -1,293.9 50,063.6
2009 -1,012.6 42,478.6
2010 -1,224.6 45,925.5
2011 -1,436.4 54,084.2
2012 -1,687.9 53,487.1
2013 -1,830.7 58,594.8
2014 -1,955.5 66,466.1
2015 -2,023.4 66,799.1
2016 -2,057.3 65,552.4
2017 -2,183.1 71,341.0
2018 -2,027.5 75,532.9
2019 -1,716.4 78,788.9

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Georgia Teachers
2001-2019

Fiscal Year Georgia Teachers National Average
2001 -0.1 -2.4
2002 -0.6 -3.3
2003 -0.7 -3.6
2004 -1.0 -3.4
2005 -1.3 -3.5
2006 -1.5 -3.3
2007 -1.7 -3.1
2008 -2.6 -4.0
2009 -2.4 -4.9
2010 -2.7 -4.9
2011 -2.7 -4.2
2012 -3.2 -4.3
2013 -3.1 -4.3
2014 -2.9 -3.4
2015 -3.0 -3.2
2016 -3.1 -3.5
2017 -3.1 -3.3
2018 -2.7 -3.1
2019 -2.2 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Georgia Teachers benefit descriptions.