Houston Firefighters Basics

  • Established 1937
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Houston Firefighters, 2004-2018

Fiscal Year Net Assets (billions)
2004 2.0
2005 2.3
2006 2.6
2007 3.0
2008 3.0
2009 2.4
2010 2.7
2011 3.2
2012 3.2
2013 3.4
2014 3.9
2015 3.9
2016 3.7
2017 4.0
2018 4.2

Source: Public Plans Database

Number of Actives per Annuitant, 2004-2016

Fiscal Year Houston Firefighters US State and Local Pensions
2004 1.8 1.3
2005 1.8 1.3
2006 1.7 1.3
2007 1.6 1.3
2008 1.6 1.3
2009 1.5 1.3
2010 1.5 1.2
2011 1.4 1.2
2012 1.4 1.2
2013 1.3 1.1
2014 1.3 1.1
2015 1.3 1.1
2016 1.3 1.1

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Houston Firefighters, 2004-2016

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2004 15.7 0.0 20.1 15.7 15.7
2005 17.0 0.0 21.2 17.0 17.0
2006 22.3 0.0 22.8 22.3 22.3
2007 22.7 0.0 25.0 22.7 22.7
2008 22.6 0.0 25.2 22.6 22.6
2009 27.4 0.0 26.2 27.4 27.4
2010 27.9 0.0 27.6 27.9 27.9
2011 27.8 0.0 29.6 27.8 27.8
2012 22.6 0.0 31.0 22.6 22.6
2013 22.9 0.0 31.2 22.9 22.9
2014 24.0 7.1 31.8 31.1 31.1
2015 null null 33.9 null null
2016 33.6 0.0 35.3 31.2 31.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Houston Firefighters, 2004-2018

Fiscal Year Houston Firefighters National Data
2004 88.0 81.5
2005 86.0 79.2
2006 87.0 80.4
2007 91.0 84.0
2008 96.0 78.7
2009 95.0 77.3
2010 93.0 75.2
2011 91.0 71.9
2012 87.0 70.6
2013 87.0 70.8
2014 88.0 72.1
2015 89.4 74.1
2016 80.6 72.5
2017 null 72.1
2018 null 72.9

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.

Investments

Asset Allocation for Houston Firefighters, 2018

Category Percent
Equities 51.0
Fixed Income 22.0
Private Equity 13.0
Real Estate 4.0
Cash 5.0
Other 0.0
Commodities 0.0
Hedge Fund 5.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Houston Firefighters, 2004-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2004 43.7 32.3 15.4 5.5 3.1 0.0 0.0 0.0 0.0
2005 44.7 33.6 13.3 5.4 3.0 0.0 0.0 0.0 0.0
2006 47.0 33.9 11.4 4.8 2.9 0.0 0.0 0.0 0.0
2007 46.1 33.7 9.5 4.2 2.5 0.0 0.0 4.0 0.0
2008 44.6 33.0 11.0 5.5 1.2 0.0 0.0 4.7 0.0
2009 35.1 38.1 12.6 6.5 0.6 0.0 0.0 7.1 0.0
2010 35.1 36.9 12.4 5.6 0.8 0.0 0.0 9.2 0.0
2011 38.8 35.7 11.3 5.5 0.2 0.0 0.0 8.5 0.0
2012 36.0 37.0 11.0 7.0 1.0 0.0 0.0 8.1 0.0
2013 40.0 34.0 10.0 6.0 2.0 0.0 0.0 8.0 0.0
2014 40.0 33.0 9.0 5.0 1.0 0.0 0.0 11.0 0.0
2015 40.0 33.0 9.0 4.0 2.0 0.0 0.0 12.0 0.0
2016 56.0 17.0 10.0 5.0 1.0 0.0 0.0 11.0 0.0
2017 50.0 28.0 10.0 5.0 1.0 0.0 0.0 6.0 0.0
2018 51.0 22.0 13.0 4.0 5.0 0.0 0.0 5.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for Houston Firefighters, 2004-2018

Fiscal Year Houston Firefighters Assumed return
2004 18.41 8.50
2005 19.10 8.50
2006 14.50 8.50
2007 17.00 8.50
2008 4.00 8.50
2009 -20.00 8.50
2010 17.30 8.50
2011 20.60 8.50
2012 2.10 8.50
2013 11.50 8.50
2014 17.80 8.50
2015 1.53 8.50
2016 -1.00 7.25
2017 12.00 7.25
2018 8.30 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Houston Firefighters
2004-2018

Fiscal Year Cash Flow Assets
2004 -46.6 1,980.9
2005 -43.8 2,286.0
2006 -33.8 2,573.9
2007 -36.1 2,966.1
2008 -45.3 3,029.2
2009 -36.6 2,369.0
2010 -47.8 2,721.6
2011 -64.5 3,203.1
2012 -85.5 3,175.1
2013 -98.3 3,430.4
2014 -107.1 3,912.8
2015 -87.0 3,877.7
2016 -100.5 3,729.7
2017 -137.5 4,025.1
2018 -177.0 4,170.4

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Houston Firefighters
2004-2018

Fiscal Year Houston Firefighters National Average
2004 -2.4 -1.8
2005 -1.9 0.8
2006 -1.3 -1.4
2007 -1.2 -1.4
2008 -1.5 -1.5
2009 -1.5 -2.3
2010 -1.8 -2.1
2011 -2.0 -2.0
2012 -2.7 -2.2
2013 -2.9 -2.4
2014 -2.7 -1.9
2015 -2.2 -1.7
2016 -2.7 -2.2
2017 -3.4 -2.1
2018 -4.2 -2.2

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Houston Firefighters benefit descriptions.