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, 2001-2023

Fiscal Year Net Assets (billions)
2001 4.42
2002 3.70
2003 3.83
2004 4.31
2005 4.61
2006 4.91
2007 5.53
2008 5.02
2009 4.12
2010 4.59
2011 5.22
2012 5.06
2013 5.53
2014 5.94
2015 6.08
2016 6.04
2017 6.84
2018 7.29
2019 7.83
2020 8.11
2021 11.56
2022 13.21
2023 14.57

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Arizona Public Safety US State and Local Pensions
2001 2.7 2.4
2002 2.3 2.3
2003 2.2 2.2
2004 2.1 2.1
2005 2.0 2.1
2006 2.0 2.0
2007 2.1 2.0
2008 2.1 1.9
2009 2.1 1.9
2010 1.9 1.8
2011 1.7 1.7
2012 1.6 1.6
2013 1.6 1.5
2014 1.5 1.4
2015 1.4 1.4
2016 1.4 1.4
2017 1.4 1.4
2018 1.3 1.3
2019 1.2 1.3
2020 1.2 1.3
2021 1.1 1.2
2022 1.0 1.2
2023 1.0 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Arizona Public Safety, 2001-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 6.4 0.0 13.5 6.4
2002 6.1 0.0 14.9 6.1
2003 5.8 0.0 19.4 5.8
2004 8.7 0.0 20.1 8.7
2005 10.7 0.0 24.8 10.7
2006 11.8 0.0 26.3 11.8
2007 14.5 0.0 27.8 14.5
2008 16.9 0.0 30.0 16.9
2009 22.6 0.0 32.9 22.6
2010 21.5 0.0 33.2 20.6
2011 21.6 0.0 35.0 20.6
2012 22.9 0.0 36.8 21.9
2013 27.6 0.0 37.5 26.7
2014 32.4 0.0 34.3 31.1
2015 null null 35.0 null
2016 null null 35.6 null
2017 null null 34.1 null
2018 null null 35.0 null
2019 null null 35.8 null
2020 null null 34.9 null
2021 null null 36.0 null
2022 null null 36.5 null
2023 null null 35.1 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Arizona Public Safety, 2001-2023

Fiscal Year Arizona Public Safety National Data
2001 126.9 101.7
2002 113.0 94.6
2003 100.9 88.8
2004 92.4 87.0
2005 82.1 85.4
2006 77.0 85.2
2007 66.4 86.3
2008 68.8 84.4
2009 70.0 78.4
2010 67.7 75.7
2011 63.7 74.3
2012 60.2 72.3
2013 58.7 71.8
2014 49.2 73.2
2015 49.0 73.2
2016 46.0 71.6
2017 45.3 72.0
2018 45.8 72.4
2019 46.5 72.5
2020 47.0 72.6
2021 54.4 75.8
2022 65.7 76.2
2023 66.8 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Arizona Public Safety, 2023

Category Percent
Equities 38.4
Fixed Income 6.9
Private Equity 23.1
Real Estate 0.0
Cash 6.8
Other 0.0
Commodities 2.8
Hedge Fund 21.3
Misc. Alternatives 0.7

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Arizona Public Safety, 2001-2023

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 67.8 26.7 0.0 0.0 0.0 5.5 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 70.5 21.4 0.0 0.0 4.8 0.0 0.0 0.0 3.3
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 41.1 19.1 7.9 9.9 1.1 0.0 4.3 16.6 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
2019 33.6 5.8 13.1 7.6 3.2 0.0 8.4 28.3 0.0
2020 39.0 1.2 27.0 0.0 2.9 0.0 2.3 26.8 0.9
2021 35.6 4.0 25.6 0.0 10.5 0.0 3.3 20.6 0.6
2022 33.4 3.2 23.7 0.0 15.7 0.0 3.0 20.4 0.6
2023 38.4 6.9 23.1 0.0 6.8 0.0 2.8 21.3 0.7

Source: Public Plans Database

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Annual Return as of June 30 for Arizona Public Safety, 2001-2023

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
2019 5.45 7.30
2020 0.91 7.30
2021 27.76 7.30
2022 -4.04 7.20
2023 7.64 7.20

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Arizona Public Safety
2001-2023

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 5,529.1
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
2019 139.5 7,829.9
2020 172.9 8,105.8
2021 1,117.2 11,556.8
2022 2,163.3 13,205.4
2023 320.4 14,570.5

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Arizona Public Safety
2001-2023

Fiscal Year Arizona Public Safety National Average
2001 -1.4 -2.0
2002 -2.1 -2.4
2003 -2.6 -2.5
2004 -2.0 -1.8
2005 -2.0 -2.2
2006 -1.7 -2.2
2007 -3.5 -2.0
2008 -2.0 -2.1
2009 -0.8 -3.1
2010 -1.8 -3.2
2011 -3.0 -3.0
2012 -2.0 -3.2
2013 -1.3 -3.1
2014 -1.1 -2.9
2015 -1.2 -2.7
2016 -1.2 -2.9
2017 1.0 -2.8
2018 -0.4 -2.4
2019 1.8 -2.4
2020 2.1 -2.3
2021 9.7 -2.0
2022 16.4 -1.9
2023 2.2 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Arizona Public Safety benefit descriptions.