Alaska Teachers Basics

  • Established 1955
  • Currently closed to new hires
  • Plan covers teachers
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

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

Fiscal Year Net Assets (billions)
2001 3.3
2002 3.0
2003 2.9
2004 3.2
2005 3.2
2006 3.4
2007 3.8
2008 3.6
2009 2.6
2010 2.7
2011 3.1
2012 3.0
2013 3.3
2014 3.8
2015 5.2
2016 4.9
2017 5.3
2018 5.5
2019 5.5

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Alaska Teachers US State and Local Pensions
2001 1.3 2.7
2002 1.2 2.5
2003 1.2 2.5
2004 1.1 2.3
2005 1.1 2.2
2006 1.0 2.1
2007 0.9 2.1
2008 0.9 2.0
2009 0.8 2.0
2010 0.7 1.9
2011 0.7 1.8
2012 0.6 1.7
2013 0.5 1.7
2014 0.5 1.6
2015 0.4 1.6
2016 0.4 1.6
2017 0.4 1.5
2018 0.3 1.5
2019 0.3 1.5

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 Alaska 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 10.6 0.0 9.7 9.3 9.3
2002 9.8 0.0 9.9 6.3 6.3
2003 9.4 0.0 11.3 7.1 7.1
2004 10.4 2.1 13.8 12.6 12.6
2005 12.2 14.9 14.4 27.1 27.1
2006 16.0 13.6 14.4 29.6 29.6
2007 19.1 11.6 14.5 30.7 30.7
2008 26.0 0.0 14.0 24.5 24.5
2009 23.6 0.0 14.3 16.9 16.9
2010 23.8 6.5 17.1 30.2 30.2
2011 24.3 4.4 18.3 28.8 28.8
2012 34.8 6.0 20.3 40.8 40.8
2013 42.6 4.6 20.9 47.2 47.2
2014 47.9 0.0 20.1 46.8 46.8
2015 346.3 0.0 20.4 65.6 65.6
2016 26.2 49.8 20.2 75.9 75.9
2017 34.1 0.0 21.2 29.7 29.7
2018 35.6 0.0 22.9 33.9 33.9
2019 41.8 0.0 24.8 39.2 39.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Alaska Teachers, 2001-2019

Fiscal Year Alaska Teachers National Data
2001 95.0 91.0
2002 68.2 82.6
2003 64.3 77.3
2004 62.8 78.4
2005 60.9 77.2
2006 67.8 78.0
2007 68.2 80.7
2008 70.2 78.7
2009 57.0 70.1
2010 54.3 66.7
2011 54.0 65.8
2012 49.9 63.3
2013 48.1 63.7
2014 54.5 64.7
2015 76.9 65.1
2016 75.8 63.1
2017 75.9 63.8
2018 76.2 63.6
2019 76.2 64.2

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 Alaska Teachers, 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

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 Alaska Teachers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 61.1 31.7 0.0 7.3 0.0 0.0 0.0 0.0 0.0
2002 56.5 35.7 0.0 7.8 0.0 0.0 0.0 0.0 0.0
2003 59.6 33.4 0.0 7.0 0.0 0.0 0.0 0.0 0.0
2004 58.1 30.9 3.4 7.6 0.0 0.0 0.0 0.0 0.0
2005 55.4 27.8 4.4 9.6 0.0 0.0 0.4 2.4 0.0
2006 55.3 25.4 6.0 10.0 0.0 0.0 0.8 2.6 0.0
2007 55.6 21.6 6.7 11.0 0.0 0.0 1.2 3.9 0.0
2008 50.8 20.4 8.6 12.6 0.0 0.0 3.4 4.2 0.0
2009 52.2 15.4 8.9 18.7 0.6 0.0 0.0 4.3 0.0
2010 50.1 18.7 9.8 15.3 1.0 0.0 0.0 5.1 0.0
2011 54.0 16.3 9.2 15.5 0.5 0.0 0.0 4.4 0.0
2012 51.0 16.8 9.9 16.4 1.7 0.0 0.0 4.2 0.0
2013 54.6 13.1 8.9 17.1 1.8 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 17.3 1.7 0.0 3.7 5.7 0.0
2016 50.2 12.2 8.0 18.0 0.8 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


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

Fiscal Year Alaska Teachers Assumed return
2001 -5.35 8.25
2002 -5.49 8.25
2003 3.68 8.25
2004 15.09 8.25
2005 9.01 8.25
2006 11.78 8.25
2007 18.92 8.25
2008 -3.05 8.25
2009 -20.62 8.25
2010 11.58 8.00
2011 21.40 8.00
2012 0.51 8.00
2013 12.59 8.00
2014 18.46 8.00
2015 3.30 8.00
2016 -0.36 8.00
2017 13.36 8.00
2018 9.62 7.38
2019 6.39 7.38

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

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

Fiscal Year Cash Flow Assets
2001 -123.4 3,302.6
2002 -135.3 2,983.3
2003 -154.8 2,917.5
2004 -160.5 3,164.8
2005 -164.7 3,239.7
2006 -152.1 3,422.9
2007 -153.9 3,806.5
2008 -116.4 3,550.8
2009 -140.2 2,596.4
2010 -148.0 2,716.6
2011 -151.3 3,123.5
2012 -119.1 3,006.6
2013 -101.4 3,279.1
2014 -108.0 3,771.1
2015 1,323.2 5,247.0
2016 -273.5 4,942.2
2017 -258.1 5,312.3
2018 -272.3 5,472.7
2019 -275.8 5,511.9

Source: Public Plans Database


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

Fiscal Year Alaska Teachers National Average
2001 -3.7 -0.9
2002 -4.5 -1.5
2003 -5.3 -1.6
2004 -5.1 -0.5
2005 -5.1 -2.0
2006 -4.4 -2.1
2007 -4.0 -2.1
2008 -3.3 -1.9
2009 -5.4 -3.4
2010 -5.4 -3.3
2011 -4.8 -3.2
2012 -4.0 -3.8
2013 -3.1 -3.8
2014 -2.9 -3.4
2015 25.2 -3.2
2016 -5.5 -3.4
2017 -4.9 -2.9
2018 -5.0 -2.8
2019 -5.0 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Alaska Teachers benefit descriptions.