Idaho PERS Basics

  • Established 1963
  • 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, Idaho PERS, 2001-2019

Fiscal Year Net Assets (billions)
2001 6.5
2002 6.1
2003 6.3
2004 7.4
2005 8.2
2006 9.2
2007 11.0
2008 10.4
2009 8.7
2010 9.6
2011 11.4
2012 11.3
2013 12.1
2014 13.9
2015 14.0
2016 13.9
2017 15.3
2018 16.3
2019 17.3

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Idaho PERS US State and Local Pensions
2001 2.7 2.5
2002 2.6 2.4
2003 2.5 2.3
2004 2.4 2.2
2005 2.4 2.1
2006 2.3 2.1
2007 2.2 2.0
2008 2.2 2.0
2009 2.1 1.9
2010 2.0 1.8
2011 1.9 1.7
2012 1.8 1.6
2013 1.7 1.5
2014 1.6 1.5
2015 1.6 1.5
2016 1.6 1.4
2017 1.5 1.4
2018 1.5 1.3
2019 1.5 1.3

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 Idaho 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 {role:annotation}
2001 10.0 0.0 5.0 7.7 7.7
2002 10.0 0.0 4.8 7.6 7.6
2003 10.1 0.0 5.7 9.2 9.2
2004 10.0 0.3 7.3 10.3 10.3
2005 10.7 0.0 9.0 10.7 10.7
2006 10.7 0.0 9.3 10.2 10.2
2007 10.7 0.0 10.0 9.7 9.7
2008 10.6 0.0 10.4 9.7 9.7
2009 10.6 0.0 10.2 8.6 8.6
2010 10.6 0.0 10.5 9.7 9.7
2011 10.6 1.9 12.5 12.4 12.4
2012 10.5 2.0 12.9 12.5 12.5
2013 10.6 0.3 13.9 11.0 11.0
2014 11.5 0.5 14.5 12.0 12.0
2015 11.5 0.2 14.9 11.7 11.7
2016 11.5 0.0 14.8 10.2 10.2
2017 11.5 0.0 15.1 10.9 10.9
2018 11.5 0.6 18.1 12.1 12.1
2019 11.5 0.0 18.8 11.3 11.3

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Idaho PERS, 2001-2019

Fiscal Year Idaho PERS National Data
2001 97.2 106.5
2002 84.9 101.1
2003 83.8 94.2
2004 91.7 93.1
2005 94.2 91.1
2006 95.2 90.5
2007 105.5 91.2
2008 93.3 90.2
2009 74.1 83.2
2010 78.9 81.5
2011 90.2 80.4
2012 84.7 78.9
2013 85.3 78.7
2014 92.9 79.0
2015 90.4 78.2
2016 86.3 76.3
2017 89.6 76.4
2018 90.3 76.5
2019 91.6 76.1

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 Idaho PERS, 2019

Category Percent
Equities 57.2
Fixed Income 27.4
Private Equity 5.9
Real Estate 9.2
Cash 0.3
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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.


Asset allocation for Idaho PERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 66.2 28.5 2.4 2.8 0.0 0.0 0.0 0.0 0.0
2002 62.9 30.9 2.7 3.4 0.1 0.0 0.0 0.0 0.0
2003 65.1 28.9 2.5 3.4 0.1 0.0 0.0 0.0 0.0
2004 64.8 28.9 2.5 3.6 0.2 0.0 0.0 0.0 0.0
2005 63.2 29.5 2.8 4.5 0.0 0.0 0.0 0.0 0.0
2006 63.3 27.8 3.4 5.3 0.0 0.0 0.0 0.0 0.0
2007 65.9 24.2 4.0 5.7 0.0 0.0 0.0 0.0 0.0
2008 55.0 27.8 6.9 7.0 1.0 0.0 0.0 0.0 0.0
2009 56.0 28.3 7.1 8.4 0.1 0.0 0.0 0.0 0.0
2010 55.9 29.4 8.0 6.8 0.0 0.0 0.0 0.0 0.0
2011 58.5 25.5 8.1 7.8 0.1 0.0 0.0 0.0 0.0
2012 54.4 27.4 9.0 9.0 0.2 0.0 0.0 0.0 0.0
2013 58.4 24.9 8.2 8.2 0.3 0.0 0.0 0.0 0.0
2014 61.9 22.7 7.0 8.2 0.2 0.0 0.0 0.0 0.0
2015 58.3 26.1 6.9 8.6 0.1 0.0 0.0 0.0 0.0
2016 56.0 27.0 6.6 10.0 0.4 0.0 0.0 0.0 0.0
2017 55.6 28.6 6.0 9.7 0.1 0.0 0.0 0.0 0.0
2018 58.2 26.7 6.2 8.7 0.2 0.0 0.0 0.0 0.0
2019 57.2 27.4 5.9 9.2 0.3 0.0 0.0 0.0 0.0

Source: Public Plans Database


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

Fiscal Year Idaho PERS Assumed return
2001 -6.10 8.00
2002 -7.10 8.00
2003 3.70 8.00
2004 18.10 7.75
2005 10.80 7.75
2006 12.20 7.75
2007 20.00 7.75
2008 -4.20 7.75
2009 -16.00 7.75
2010 12.40 7.75
2011 20.70 7.75
2012 1.60 7.50
2013 9.10 7.50
2014 17.20 7.50
2015 3.00 7.50
2016 1.80 7.50
2017 12.70 7.50
2018 8.70 7.05
2019 8.40 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

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

Fiscal Year Cash Flow Assets
2001 -94.7 6,514.9
2002 47.0 6,081.3
2003 32.0 6,316.0
2004 8.4 7,438.1
2005 18.4 8,226.6
2006 -0.6 9,195.5
2007 -23.3 10,966.4
2008 -41.6 10,421.3
2009 -59.5 8,663.0
2010 -97.2 9,599.9
2011 -145.8 11,383.0
2012 -190.6 11,329.7
2013 -224.2 12,079.9
2014 -221.5 13,864.9
2015 -244.8 13,991.2
2016 -275.3 13,920.7
2017 -280.7 15,335.9
2018 -305.5 16,315.9
2019 -337.4 17,281.4

Source: Public Plans Database


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

Fiscal Year Idaho PERS National Average
2001 -1.5 -2.3
2002 0.8 -2.3
2003 0.5 -2.6
2004 0.1 -1.7
2005 0.2 -1.9
2006 -0.0 -1.9
2007 -0.2 -1.7
2008 -0.4 -1.9
2009 -0.7 -2.7
2010 -1.0 -2.9
2011 -1.3 -2.8
2012 -1.7 -3.1
2013 -1.9 -3.0
2014 -1.6 -2.7
2015 -1.7 -2.8
2016 -2.0 -3.0
2017 -1.8 -2.9
2018 -1.9 -2.4
2019 -2.0 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Idaho PERS benefit descriptions.