Nevada Regular Employees Basics

  • Established 1947
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Nevada Regular Employees, 2001-2018

Fiscal Year Net Assets (billions)
2001 10.9
2002 10.8
2003 11.4
2004 13.0
2005 14.4
2006 15.8
2007 18.3
2008 17.8
2009 15.0
2010 16.6
2011 20.0
2012 20.4
2013 22.6
2014 26.3
2015 27.0
2016 27.2
2017 30.0
2018 32.1

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Nevada Regular Employees US State and Local Pensions
2001 3.5 2.2
2002 3.4 2.2
2003 3.3 2.2
2004 3.2 2.2
2005 3.1 2.1
2006 3.0 2.0
2007 3.0 2.0
2008 2.8 1.9
2009 2.5 1.8
2010 2.3 1.8
2011 2.2 1.7
2012 2.0 1.6
2013 1.9 1.5
2014 1.8 1.5
2015 1.8 1.4
2016 1.7 1.4
2017 1.7 1.5
2018 1.6 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 Nevada Regular Employees, 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 16.6 0.0 9.5 16.6 16.6
2002 16.6 0.7 10.1 17.3 17.3
2003 16.6 2.1 10.4 18.7 18.7
2004 18.4 0.0 11.1 18.4 18.4
2005 18.1 0.0 12.1 18.1 18.1
2006 18.3 0.6 12.3 18.9 18.9
2007 18.6 0.6 11.6 19.1 19.1
2008 18.5 0.8 10.1 19.3 19.3
2009 18.5 1.4 11.5 19.9 19.9
2010 19.4 1.5 12.8 20.9 20.9
2011 19.4 2.4 13.6 21.8 21.8
2012 21.3 0.9 14.4 22.2 22.2
2013 20.5 3.3 16.6 23.9 23.9
2014 22.0 3.3 16.4 25.3 25.3
2015 21.7 3.2 17.0 25.0 25.0
2016 23.7 0.5 17.0 24.2 24.2
2017 13.5 0.0 14.3 13.1 13.1
2018 13.3 0.0 14.7 12.9 12.9

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Nevada Regular Employees, 2001-2018

Fiscal Year Nevada Regular Employees National Data
2001 85.5 98.7
2002 83.5 85.4
2003 83.2 83.7
2004 80.5 84.1
2005 77.3 83.5
2006 76.5 86.8
2007 78.8 89.5
2008 77.7 77.0
2009 73.4 73.3
2010 71.2 75.5
2011 70.6 73.4
2012 71.2 74.9
2013 68.9 75.4
2014 70.8 77.4
2015 72.4 79.1
2016 73.2 76.5
2017 73.9 77.6
2018 74.7 75.6

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 Nevada Regular Employees, 2018

Category Percent
Equities 61.3
Fixed Income 29.0
Private Equity 0.0
Real Estate 0.0
Cash 0.5
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 9.2

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 Nevada Regular Employees, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 42.5 42.3 0.0 0.0 4.2 0.0 0.0 0.0 10.9
2002 40.2 47.6 0.0 0.0 2.6 0.0 0.0 0.0 9.6
2003 43.6 44.1 0.0 0.0 4.3 0.0 0.0 0.0 8.1
2004 49.5 40.1 0.0 0.0 1.9 0.0 0.0 0.0 8.6
2005 53.7 34.7 0.0 0.0 2.4 0.0 0.0 0.0 9.2
2006 53.0 35.8 0.0 0.0 1.6 0.0 0.0 0.0 9.5
2007 55.6 33.5 0.0 0.0 1.7 0.0 0.0 0.0 9.2
2008 54.0 34.6 0.0 0.0 1.6 0.0 0.0 0.0 9.8
2009 56.1 34.0 0.0 0.0 2.1 0.0 0.0 0.0 7.8
2010 53.8 37.1 0.0 0.0 1.8 0.0 0.0 0.0 7.3
2011 56.1 34.0 0.0 0.0 2.1 0.0 0.0 0.0 7.8
2012 55.0 34.7 0.0 0.0 2.2 0.0 0.0 0.0 8.1
2013 61.3 28.9 0.0 0.0 2.3 0.0 0.0 0.0 7.5
2014 61.8 28.1 0.0 0.0 3.0 0.0 0.0 0.0 7.1
2015 63.7 27.5 0.0 0.0 0.8 0.0 0.0 0.0 8.0
2016 62.5 28.2 0.0 0.0 0.6 0.0 0.0 0.0 8.7
2017 63.2 27.3 0.0 0.0 0.4 0.0 0.0 0.0 9.1
2018 61.3 29.0 0.0 0.0 0.5 0.0 0.0 0.0 9.2

Source: Public Plans Database


Annual Return as of June 30 for Nevada Regular Employees, 2001-2018

Fiscal Year Nevada Regular Employees Assumed return
2001 -1.50 8.00
2002 -2.70 8.00
2003 5.00 8.00
2004 12.10 8.00
2005 9.30 8.00
2006 8.80 8.00
2007 15.00 8.00
2008 -3.20 8.00
2009 -15.60 8.00
2010 11.00 8.00
2011 21.10 8.00
2012 3.10 8.00
2013 12.40 8.00
2014 17.60 8.00
2015 4.20 8.00
2016 2.30 8.00
2017 11.90 7.50
2018 8.60 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Nevada Regular Employees
2001-2018

Fiscal Year Cash Flow Assets
2001 157.8 10,946.2
2002 132.9 10,779.4
2003 119.4 11,448.7
2004 163.5 12,997.4
2005 167.5 14,376.0
2006 131.1 15,776.9
2007 125.8 18,271.8
2008 126.8 17,804.5
2009 18.9 14,992.6
2010 -26.7 16,604.8
2011 -132.4 19,960.1
2012 -181.5 20,387.2
2013 -287.5 22,610.7
2014 -300.5 26,253.3
2015 -368.9 26,975.4
2016 -361.9 27,224.1
2017 -387.6 30,034.6
2018 -470.5 32,103.8

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Nevada Regular Employees
2001-2018

Fiscal Year Nevada Regular Employees National Average
2001 1.4 -0.8
2002 1.2 -1.0
2003 1.0 -0.9
2004 1.3 -0.5
2005 1.2 -0.5
2006 0.8 -0.6
2007 0.7 -0.6
2008 0.7 -0.8
2009 0.1 -1.4
2010 -0.2 -1.3
2011 -0.7 -1.6
2012 -0.9 -1.6
2013 -1.3 -2.0
2014 -1.1 -1.8
2015 -1.4 -0.5
2016 -1.3 -2.4
2017 -1.3 -2.3
2018 -1.5 -2.6

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Nevada Regular Employees benefit descriptions.