Arizona Public Safety Basics

  • Established 1968
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, agent plan

Assets, Participants, and Benefits

Assets at Year-End, Arizona Public Safety, 2001-2018

Fiscal Year Net Assets (billions)
2001 4.4
2002 3.7
2003 3.8
2004 4.3
2005 4.6
2006 4.9
2007 5.5
2008 5.0
2009 4.1
2010 4.6
2011 5.2
2012 5.1
2013 5.3
2014 5.9
2015 6.1
2016 6.0
2017 6.8
2018 7.3

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Arizona Public Safety US State and Local Pensions
2001 2.7 1.9
2002 2.3 1.8
2003 2.2 1.7
2004 2.1 1.6
2005 2.0 1.6
2006 2.0 1.5
2007 2.1 1.5
2008 2.1 1.5
2009 2.1 1.5
2010 1.9 1.4
2011 1.7 1.3
2012 1.6 1.3
2013 1.6 1.2
2014 1.5 1.2
2015 1.4 1.2
2016 1.4 1.2
2017 1.4 1.3
2018 1.3 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 Arizona Public Safety, 2001-2018

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 6.4 0.0 12.1 6.4 6.4
2002 6.1 0.0 12.8 6.1 6.1
2003 5.8 0.0 14.8 5.8 5.8
2004 8.7 0.0 16.9 8.7 8.7
2005 10.7 0.0 21.2 10.7 10.7
2006 11.8 0.0 23.7 11.8 11.8
2007 14.5 0.0 25.5 13.6 13.6
2008 16.7 0.0 28.0 16.0 16.0
2009 23.0 0.0 29.1 22.3 22.3
2010 21.5 0.0 29.3 20.6 20.6
2011 21.6 0.0 31.2 20.6 20.6
2012 22.9 0.0 33.6 21.9 21.9
2013 27.6 0.0 34.7 26.7 26.7
2014 29.8 1.3 33.8 31.1 31.1
2015 32.0 1.2 33.7 33.1 33.1
2016 40.2 0.0 34.0 40.2 40.2
2017 43.4 0.0 33.3 43.4 43.4
2018 null null 35.5 null null

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Arizona Public Safety, 2001-2018

Fiscal Year Arizona Public Safety National Data
2001 126.9 107.1
2002 113.0 101.2
2003 100.9 91.9
2004 92.4 85.3
2005 82.1 84.3
2006 77.0 80.8
2007 66.4 80.2
2008 68.8 79.6
2009 70.0 77.6
2010 67.7 73.2
2011 63.7 72.2
2012 60.2 71.9
2013 58.7 72.7
2014 49.2 72.2
2015 49.0 72.4
2016 46.0 72.2
2017 45.3 74.0
2018 45.8 74.7

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 Arizona Public Safety, 2018

Category Percent
Equities 30.0
Fixed Income 5.8
Private Equity 13.3
Real Estate 8.4
Cash 4.0
Other 0.0
Commodities 7.9
Hedge Fund 30.6
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 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Arizona Public Safety, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 67.8 29.0 0.0 0.0 0.0 3.2 0.0 0.0 0.0
2002 60.3 34.2 0.0 0.0 0.0 5.4 0.0 0.0 0.0
2003 61.2 33.2 0.0 0.0 0.0 5.6 0.0 0.0 0.0
2004 72.4 21.9 0.0 0.0 0.0 5.7 0.0 0.0 0.0
2005 69.9 25.8 0.0 0.0 0.0 4.3 0.0 0.0 0.0
2006 70.1 21.4 0.0 2.7 4.9 0.0 0.0 0.6 0.0
2007 72.8 20.0 1.2 2.3 3.7 0.0 0.0 0.0 0.0
2008 65.7 24.9 1.8 4.6 2.9 0.0 0.0 0.0 0.0
2009 54.8 31.9 2.7 9.1 1.4 0.0 0.0 0.0 0.0
2010 41.0 19.0 7.9 9.9 1.1 0.0 4.3 16.5 0.0
2011 35.4 18.6 7.9 10.6 1.6 0.0 5.4 20.5 0.0
2012 33.4 13.8 10.2 12.7 2.2 0.0 6.2 21.5 0.0
2013 32.3 11.1 11.3 13.2 1.8 0.0 6.4 23.9 0.0
2014 30.5 9.5 13.3 10.8 3.9 0.0 6.8 25.3 0.0
2015 29.9 7.6 14.4 9.9 3.9 0.0 8.0 26.3 0.0
2016 29.8 6.0 15.0 9.7 2.3 0.0 9.6 27.7 0.0
2017 30.4 5.5 13.9 9.4 1.9 0.0 10.1 28.9 0.0
2018 30.0 5.8 13.3 8.4 4.0 0.0 7.9 30.6 0.0

Source: Public Plans Database


Annual Return as of June 30 for Arizona Public Safety, 2001-2018

Fiscal Year Arizona Public Safety Assumed return
2001 -16.86 9.00
2002 -15.07 9.00
2003 6.67 9.00
2004 14.97 8.75
2005 9.11 8.50
2006 8.30 8.50
2007 17.05 8.50
2008 -7.27 8.50
2009 -17.73 8.50
2010 13.47 8.50
2011 17.37 8.25
2012 -0.79 8.00
2013 10.64 7.85
2014 13.28 7.85
2015 3.68 7.85
2016 0.63 7.50
2017 11.85 7.15
2018 7.07 7.40

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Arizona Public Safety
2001-2018

Fiscal Year Cash Flow Assets
2001 -60.9 4,422.1
2002 -77.4 3,696.3
2003 -98.6 3,832.5
2004 -86.7 4,309.7
2005 -94.4 4,608.0
2006 -82.3 4,906.4
2007 -191.8 5,531.8
2008 -102.7 5,019.3
2009 -31.4 4,115.7
2010 -83.7 4,585.9
2011 -158.8 5,216.6
2012 -100.8 5,055.8
2013 -69.5 5,277.9
2014 -66.5 5,935.5
2015 -71.6 6,075.8
2016 -69.6 6,042.5
2017 70.2 6,841.3
2018 -30.7 7,289.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Arizona Public Safety
2001-2018

Fiscal Year Arizona Public Safety National Average
2001 -1.4 -3.2
2002 -2.1 -3.0
2003 -2.6 -4.2
2004 -2.0 -3.1
2005 -2.0 -2.4
2006 -1.7 -1.8
2007 -3.5 -1.2
2008 -2.0 -0.8
2009 -0.8 -0.8
2010 -1.8 -1.1
2011 -3.0 -2.4
2012 -2.0 -1.1
2013 -1.3 -1.1
2014 -1.1 -3.3
2015 -1.2 -1.9
2016 -1.2 -1.7
2017 1.0 -3.1
2018 -0.4 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Arizona Public Safety benefit descriptions.