Kentucky County Basics

  • Established 1958
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Kentucky County, 2001-2019

Fiscal Year Net Assets (billions)
2001 5.6
2002 5.3
2003 5.3
2004 5.9
2005 6.3
2006 6.7
2007 7.6
2008 7.1
2009 5.7
2010 6.3
2011 7.3
2012 7.1
2013 7.6
2014 8.6
2015 8.5
2016 8.2
2017 9.0
2018 9.4
2019 9.7

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Kentucky County US State and Local Pensions
2001 3.2 2.5
2002 3.0 2.4
2003 3.0 2.3
2004 2.7 2.2
2005 2.5 2.1
2006 2.5 2.1
2007 2.3 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 1.5 1.5
2016 1.4 1.4
2017 1.3 1.4
2018 1.3 1.3
2019 1.2 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 Kentucky County, 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 3.8 0.0 5.0 3.0 3.0
2002 0.8 0.0 4.8 0.7 0.7
2003 1.3 0.0 5.7 1.3 1.3
2004 3.2 0.0 7.3 3.2 3.2
2005 4.1 0.0 9.0 4.0 4.0
2006 5.8 0.0 9.3 5.3 5.3
2007 7.3 0.0 10.0 6.6 6.6
2008 8.4 0.0 10.4 7.7 7.7
2009 9.7 0.0 10.2 8.7 8.7
2010 10.7 0.0 10.5 9.7 9.7
2011 12.2 0.0 12.5 10.9 10.9
2012 13.5 0.0 12.9 12.8 12.8
2013 15.4 0.0 13.9 15.4 15.4
2014 16.0 0.0 14.5 16.0 16.0
2015 14.6 0.0 14.9 14.6 14.6
2016 13.7 0.0 14.8 13.6 13.6
2017 15.0 0.0 15.1 14.9 14.9
2018 16.2 0.0 18.1 16.0 16.0
2019 24.4 0.0 18.8 23.6 23.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Kentucky County, 2001-2019

Fiscal Year Kentucky County National Data
2001 141.0 106.5
2002 125.3 101.1
2003 114.1 94.2
2004 101.0 93.1
2005 90.7 91.1
2006 81.4 90.5
2007 80.1 91.2
2008 77.1 90.2
2009 70.6 83.2
2010 65.5 81.5
2011 62.9 80.4
2012 60.0 78.9
2013 59.5 78.7
2014 61.9 79.0
2015 59.7 78.2
2016 58.7 76.3
2017 51.6 76.4
2018 51.6 76.5
2019 48.1 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 Kentucky County, 2019

Category Percent
Equities 38.9
Fixed Income 33.6
Private Equity 9.0
Real Estate 3.7
Cash 4.9
Other 0.0
Commodities 8.4
Hedge Fund 1.5
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 Kentucky County, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 49.9 37.8 5.3 0.0 7.0 0.0 0.0 0.0 0.0
2002 49.0 41.0 6.0 0.0 4.0 0.0 0.0 0.0 0.0
2003 51.0 40.0 4.0 0.0 5.0 0.0 0.0 0.0 0.0
2004 57.0 35.0 5.0 0.0 3.0 0.0 0.0 0.0 0.0
2005 55.2 35.6 6.6 0.0 2.6 0.0 0.0 0.0 0.0
2006 56.7 35.1 5.8 0.0 2.4 0.0 0.0 0.0 0.0
2007 56.8 33.3 6.9 0.0 3.0 0.0 0.0 0.0 0.0
2008 53.4 34.9 9.5 0.0 2.2 0.0 0.0 0.0 0.0
2009 52.1 24.8 9.9 0.3 3.2 0.0 9.7 0.0 0.0
2010 51.4 23.9 13.7 0.6 1.0 0.0 9.4 0.0 0.0
2011 47.6 22.2 11.3 0.8 7.6 0.0 9.8 0.6 0.0
2012 41.9 21.3 12.3 2.0 1.5 0.0 10.8 10.2 0.0
2013 43.9 19.4 11.2 2.9 2.2 0.0 9.8 10.6 0.0
2014 43.9 19.4 11.2 2.9 2.2 0.0 9.8 10.6 0.0
2015 43.8 18.6 9.6 5.3 2.3 0.0 9.7 10.7 0.0
2016 51.0 13.7 10.2 4.7 1.8 0.0 8.4 10.2 0.0
2017 49.6 16.9 9.9 4.5 3.0 0.0 8.4 7.6 0.0
2018 38.4 30.2 9.9 3.6 3.7 0.0 8.6 5.7 0.0
2019 38.9 33.6 9.0 3.7 4.9 0.0 8.4 1.5 0.0

Source: Public Plans Database


Annual Return as of June 30 for Kentucky County, 2001-2019

Fiscal Year Kentucky County Assumed return
2001 -5.42 8.25
2002 -4.28 8.25
2003 4.28 8.25
2004 13.59 8.25
2005 9.30 8.25
2006 9.70 7.75
2007 15.30 7.75
2008 -4.21 7.75
2009 -17.21 7.75
2010 15.81 7.75
2011 18.96 7.75
2012 0.14 7.75
2013 10.82 7.75
2014 15.55 7.75
2015 2.01 7.50
2016 -0.52 7.50
2017 13.47 5.75
2018 8.57 5.75
2019 5.83 5.75

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Kentucky County
2001-2019

Fiscal Year Cash Flow Assets
2001 -44.6 5,608.5
2002 -102.0 5,271.1
2003 -133.6 5,344.6
2004 -132.6 5,918.3
2005 -147.1 6,304.8
2006 -161.6 6,720.2
2007 -157.1 7,567.9
2008 -165.7 7,076.7
2009 -195.3 5,651.6
2010 -199.3 6,327.4
2011 -156.3 7,345.3
2012 -213.3 7,054.6
2013 -184.2 7,629.1
2014 -198.0 8,615.1
2015 -243.8 8,519.0
2016 -317.6 8,151.6
2017 -281.1 8,966.8
2018 -290.0 9,447.4
2019 -302.3 9,672.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Kentucky County
2001-2019

Fiscal Year Kentucky County National Average
2001 -0.8 -2.3
2002 -1.9 -2.3
2003 -2.5 -2.6
2004 -2.2 -1.7
2005 -2.3 -1.9
2006 -2.4 -1.9
2007 -2.1 -1.7
2008 -2.3 -1.9
2009 -3.5 -2.7
2010 -3.2 -2.9
2011 -2.1 -2.8
2012 -3.0 -3.1
2013 -2.4 -3.0
2014 -2.3 -2.7
2015 -2.9 -2.8
2016 -3.9 -3.0
2017 -3.1 -2.9
2018 -3.1 -2.4
2019 -3.1 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Kentucky County benefit descriptions.