Alaska PERS Basics

  • Established 1961
  • Currently closed to new hires
  • Plan covers state and local employees
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Alaska PERS, 2001-2019

Fiscal Year Net Assets (billions)
2001 5.80
2002 5.32
2003 5.32
2004 5.88
2005 6.12
2006 6.57
2007 7.44
2008 6.94
2009 5.09
2010 5.39
2011 6.27
2012 6.12
2013 6.69
2014 7.73
2015 8.61
2016 8.23
2017 8.94
2018 9.31
2019 9.49

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year Alaska PERS US State and Local Pensions
2001 2.0 2.2
2002 1.9 2.2
2003 1.8 2.2
2004 1.7 2.2
2005 1.6 2.1
2006 1.6 2.0
2007 1.4 2.0
2008 1.2 1.9
2009 1.1 1.8
2010 1.0 1.8
2011 0.9 1.7
2012 0.8 1.6
2013 0.7 1.5
2014 0.6 1.5
2015 0.5 1.4
2016 0.5 1.4
2017 0.4 1.5
2018 0.4 1.5
2019 0.4 1.5

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 Alaska PERS, 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 5.7 0.0 9.5 5.4
2002 5.4 0.0 10.1 5.3
2003 5.4 0.0 10.4 4.9
2004 5.7 0.0 11.1 5.7
2005 7.9 8.8 12.1 16.7
2006 10.3 5.4 12.3 15.7
2007 12.9 3.8 11.6 16.7
2008 9.6 0.0 10.1 8.9
2009 12.2 0.0 11.5 10.5
2010 11.8 1.9 12.8 13.7
2011 13.1 1.0 13.6 14.1
2012 20.6 2.5 14.4 23.1
2013 22.4 2.5 16.7 24.9
2014 27.3 0.0 16.5 25.5
2015 86.8 0.0 17.0 37.5
2016 24.5 18.3 17.0 42.8
2017 29.1 0.5 14.3 29.6
2018 32.1 2.0 14.7 34.1
2019 39.9 0.0 15.2 39.5

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Alaska PERS, 2001-2019

Fiscal Year Alaska PERS National Data
2001 100.9 98.7
2002 75.2 85.4
2003 72.8 83.7
2004 70.2 84.1
2005 65.7 83.5
2006 78.2 86.8
2007 77.8 89.5
2008 78.8 77.0
2009 63.0 73.3
2010 62.4 75.5
2011 61.9 73.4
2012 57.1 74.9
2013 54.5 75.4
2014 59.7 77.4
2015 67.0 79.1
2016 66.4 76.5
2017 66.7 77.6
2018 64.6 75.6
2019 64.6 75.8

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 Alaska PERS, 2019

Category Percent
Equities 45.1
Fixed Income 10.5
Private Equity 10.5
Real Estate 16.5
Cash 1.9
Other 0.0
Commodities 9.7
Hedge Fund 5.8
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Alaska PERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 61.1 31.6 0.0 7.3 0.0 0.0 0.0 0.0 0.0
2002 56.6 35.5 0.0 7.8 0.0 0.0 0.0 0.0 0.0
2003 59.8 33.2 0.0 7.0 0.0 0.0 0.0 0.0 0.0
2004 58.3 30.7 3.3 7.7 0.0 0.0 0.1 0.0 0.0
2005 55.5 27.6 4.4 9.6 0.0 0.0 0.4 2.5 0.0
2006 55.4 25.3 6.0 10.0 0.0 0.0 0.8 2.6 0.0
2007 55.8 21.6 6.7 10.9 0.0 0.0 1.2 3.9 0.0
2008 50.5 21.0 8.5 12.5 0.0 0.0 3.3 4.2 0.0
2009 51.4 15.9 8.8 19.1 0.6 0.0 0.0 4.3 0.0
2010 50.0 18.9 9.8 15.1 1.2 0.0 0.0 5.1 0.0
2011 53.9 16.5 9.2 15.3 0.7 0.0 0.0 4.4 0.0
2012 51.4 16.3 9.9 16.5 1.7 0.0 0.0 4.3 0.0
2013 55.0 13.2 9.0 17.2 1.2 0.0 0.0 4.4 0.0
2014 51.5 12.1 8.2 16.8 3.3 0.0 4.3 3.9 0.0
2015 52.0 11.9 7.7 17.2 1.8 0.0 3.7 5.7 0.0
2016 50.3 12.2 8.0 18.0 0.7 0.0 4.3 6.6 0.0
2017 49.2 13.3 8.4 17.0 2.0 0.0 3.8 6.3 0.0
2018 44.9 9.1 9.2 19.1 0.6 0.0 9.7 7.4 0.0
2019 45.1 10.5 10.5 16.5 1.9 0.0 9.7 5.8 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Alaska PERS, 2001-2019

Fiscal Year Alaska PERS Assumed return
2001 -5.25 8.25
2002 -5.48 8.25
2003 3.67 8.25
2004 15.08 8.25
2005 8.95 8.25
2006 11.74 8.25
2007 18.88 8.25
2008 -3.06 8.25
2009 -20.49 8.25
2010 11.39 8.00
2011 21.22 8.00
2012 0.46 8.00
2013 12.50 8.00
2014 18.56 8.00
2015 3.29 8.00
2016 -0.36 8.00
2017 13.35 8.00
2018 9.61 7.38
2019 6.40 7.38

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Alaska PERS
2001-2019

Fiscal Year Cash Flow Assets
2001 -136.3 5,796.2
2002 -153.7 5,323.8
2003 -172.3 5,318.4
2004 -186.0 5,880.4
2005 -189.0 6,122.1
2006 -158.7 6,568.2
2007 -144.2 7,439.4
2008 -188.3 6,935.8
2009 -173.6 5,090.4
2010 -205.1 5,391.5
2011 -223.4 6,267.9
2012 -151.3 6,118.3
2013 -162.5 6,694.5
2014 -170.6 7,731.4
2015 622.1 8,606.9
2016 -329.4 8,227.7
2017 -332.6 8,943.1
2018 -361.8 9,306.7
2019 -357.4 9,489.4

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Alaska PERS
2001-2019

Fiscal Year Alaska PERS National Average
2001 -2.4 -0.8
2002 -2.9 -1.0
2003 -3.2 -0.9
2004 -3.2 -0.5
2005 -3.1 -0.5
2006 -2.4 -0.6
2007 -1.9 -0.6
2008 -2.7 -0.8
2009 -3.4 -1.4
2010 -3.8 -1.3
2011 -3.6 -1.6
2012 -2.5 -1.6
2013 -2.4 -2.0
2014 -2.2 -1.8
2015 7.2 -0.5
2016 -4.0 -2.4
2017 -3.7 -2.3
2018 -3.9 -2.6
2019 -3.8 -2.6

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Alaska PERS benefit descriptions.