Indiana Teachers Basics

  • Established 1921
  • 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, Indiana Teachers, 2001-2019

Fiscal Year Net Assets (billions)
2001 5.8
2002 5.7
2003 6.1
2004 6.8
2005 7.2
2006 7.8
2007 9.0
2008 8.6
2009 7.2
2010 8.1
2011 9.1
2012 9.1
2013 9.6
2014 10.7
2015 10.5
2016 10.4
2017 11.1
2018 9.2
2019 9.9

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Indiana Teachers US State and Local Pensions
2001 2.2 2.4
2002 2.2 2.4
2003 2.0 2.3
2004 2.0 2.2
2005 1.9 2.1
2006 1.8 2.1
2007 1.8 2.0
2008 1.8 2.0
2009 1.7 1.9
2010 1.6 1.8
2011 1.5 1.7
2012 1.4 1.6
2013 1.3 1.5
2014 1.3 1.5
2015 1.3 1.4
2016 1.2 1.4
2017 1.2 1.4
2018 1.2 1.4
2019 1.1 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 Indiana 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 {role:annotation}
2001 20.8 0.0 5.9 16.5 16.5
2002 15.7 0.0 5.5 14.9 14.9
2003 16.8 0.0 6.3 16.0 16.0
2004 12.0 5.5 7.8 17.5 17.5
2005 13.0 3.6 9.5 16.6 16.6
2006 18.4 0.0 10.5 17.7 17.7
2007 17.6 0.0 11.4 17.4 17.4
2008 18.6 0.0 11.9 18.4 18.4
2009 19.7 0.0 12.2 18.9 18.9
2010 20.5 1.5 14.7 22.1 22.1
2011 21.4 3.1 16.7 24.6 24.6
2012 22.3 2.2 17.7 24.6 24.6
2013 29.0 0.0 19.0 25.2 25.2
2014 24.1 0.7 19.8 24.8 24.8
2015 26.4 0.0 20.3 25.7 25.7
2016 27.4 0.0 20.3 26.5 26.5
2017 27.8 0.0 20.4 27.1 27.1
2018 29.3 0.0 21.1 28.6 28.6
2019 33.4 0.0 21.7 29.3 29.3

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Indiana Teachers, 2001-2019

Fiscal Year Indiana Teachers National Data
2001 43.0 105.5
2002 42.1 96.9
2003 44.4 93.1
2004 44.8 89.4
2005 43.4 85.5
2006 44.3 84.8
2007 45.1 85.3
2008 48.2 83.7
2009 41.9 78.6
2010 44.3 75.5
2011 43.8 72.8
2012 42.7 69.9
2013 45.7 68.9
2014 48.1 70.5
2015 46.4 70.7
2016 46.8 70.2
2017 48.1 70.8
2018 45.7 72.0
2019 47.9 71.3

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 Indiana Teachers, 2019

Category Percent
Equities 21.3
Fixed Income 27.5
Private Equity 12.5
Real Estate 6.0
Cash 2.3
Other 0.0
Commodities 7.6
Hedge Fund 22.8
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.1
Fixed Income 22.6
Private Equity 9.3
Real Estate 9.1
Cash 1.6
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Indiana Teachers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 42.6 57.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 44.9 55.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0
2003 45.1 54.6 0.3 0.0 0.0 0.0 0.0 0.0 0.0
2004 52.9 39.5 0.5 0.0 0.0 0.0 0.0 0.0 0.0
2005 58.3 40.6 1.0 0.0 0.0 0.0 0.0 0.0 0.0
2006 53.3 40.4 1.6 2.0 0.0 0.0 0.0 2.7 0.0
2007 56.3 36.1 2.3 2.7 0.0 0.0 0.0 2.6 0.0
2008 60.3 23.4 5.7 5.9 0.0 0.0 0.0 4.7 0.0
2009 52.4 29.8 7.2 5.5 0.0 0.0 0.7 4.4 0.0
2010 34.6 42.8 8.4 3.9 0.0 0.0 1.0 9.3 0.0
2011 39.1 35.9 9.4 4.1 0.0 0.0 1.2 10.3 0.0
2012 25.2 35.6 13.3 4.7 0.0 0.0 7.9 13.3 0.0
2013 24.2 32.0 13.0 5.3 0.0 0.0 7.3 18.2 0.0
2014 23.6 31.5 12.7 5.4 0.0 0.0 7.8 18.9 0.0
2015 22.4 31.6 12.9 6.2 0.0 0.0 7.5 19.4 0.0
2016 22.3 28.5 13.3 6.6 1.7 0.0 7.4 20.2 0.0
2017 23.6 27.4 12.7 6.5 1.2 0.0 7.9 20.7 0.0
2018 22.1 27.2 12.2 6.1 1.1 0.0 9.0 22.3 0.0
2019 21.3 27.5 12.5 6.0 2.3 0.0 7.6 22.8 0.0

Source: Public Plans Database


Annual Return as of June 30 for Indiana Teachers, 2001-2019

Fiscal Year Indiana Teachers Assumed return
2001 0.83 7.50
2002 -3.80 7.50
2003 4.78 7.50
2004 15.07 7.50
2005 9.26 7.50
2006 11.43 7.50
2007 18.17 7.50
2008 -5.70 7.50
2009 -18.00 7.50
2010 14.30 7.00
2011 18.00 7.00
2012 0.70 6.75
2013 6.00 6.75
2014 13.73 6.75
2015 0.00 6.75
2016 1.19 6.75
2017 8.00 6.75
2018 9.30 6.75
2019 7.40 6.75

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Indiana Teachers
2001-2019

Fiscal Year Cash Flow Assets
2001 199.6 5,810.8
2002 66.9 5,722.8
2003 82.8 6,148.0
2004 -121.0 6,754.3
2005 -140.3 7,179.7
2006 34.3 7,791.4
2007 -37.9 8,980.8
2008 -38.9 8,564.0
2009 21.1 7,199.1
2010 -29.4 8,140.8
2011 -205.2 9,121.7
2012 -220.0 9,077.1
2013 -12.1 9,648.9
2014 -204.1 10,691.3
2015 -288.2 10,479.0
2016 -197.6 10,398.8
2017 -195.4 11,069.7
2018 -199.4 9,163.7
2019 30.6 9,883.2

Source: Public Plans Database


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

Fiscal Year Indiana Teachers National Average
2001 3.4 -2.4
2002 1.2 -3.3
2003 1.3 -3.6
2004 -1.8 -3.4
2005 -2.0 -3.5
2006 0.4 -3.3
2007 -0.4 -3.1
2008 -0.5 -4.0
2009 0.3 -4.9
2010 -0.4 -4.9
2011 -2.3 -4.2
2012 -2.4 -4.3
2013 -0.1 -4.3
2014 -1.9 -3.4
2015 -2.8 -3.2
2016 -1.9 -3.5
2017 -1.8 -3.3
2018 -2.2 -3.1
2019 0.3 -3.1

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Indiana Teachers benefit descriptions.