Arkansas Teachers Basics

  • Established 1937
  • Currently open to new hires
  • Plan covers teachers
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Arkansas Teachers, 2001-2018

Fiscal Year Net Assets (billions)
2001 7.6
2002 7.1
2003 7.1
2004 8.1
2005 8.8
2006 9.9
2007 11.6
2008 11.0
2009 8.8
2010 9.9
2011 11.9
2012 11.5
2013 12.8
2014 14.9
2015 15.0
2016 14.6
2017 16.3
2018 17.5

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Arkansas Teachers US State and Local Pensions
2001 3.5 2.4
2002 3.2 2.4
2003 3.1 2.3
2004 2.9 2.2
2005 2.9 2.1
2006 2.8 2.1
2007 2.7 2.0
2008 2.6 2.0
2009 2.5 1.9
2010 2.4 1.8
2011 2.3 1.7
2012 2.1 1.6
2013 1.9 1.5
2014 1.8 1.5
2015 1.5 1.4
2016 1.5 1.4
2017 1.4 1.4
2018 1.4 1.4

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 Arkansas Teachers, 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 11.6 0.0 5.9 11.4 11.4
2002 11.8 0.0 5.5 11.5 11.5
2003 11.9 0.0 6.3 11.6 11.6
2004 12.8 0.0 7.8 12.5 12.5
2005 14.6 0.0 9.5 12.5 12.5
2006 15.0 0.0 10.5 13.7 13.7
2007 15.2 0.0 11.4 14.7 14.7
2008 15.4 0.0 11.9 15.2 15.2
2009 15.5 0.0 12.2 14.8 14.8
2010 16.4 0.0 14.7 15.2 15.2
2011 14.7 0.6 16.7 15.3 15.3
2012 14.7 1.7 17.7 16.3 16.3
2013 14.7 1.9 19.0 16.6 16.6
2014 14.2 2.8 19.8 17.0 17.0
2015 14.7 2.4 20.3 17.1 17.1
2016 14.7 1.0 20.3 15.7 15.7
2017 14.7 0.3 20.4 15.1 15.1
2018 14.8 0.0 21.1 14.7 14.7

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Arkansas Teachers, 2001-2018

Fiscal Year Arkansas Teachers National Data
2001 95.4 105.5
2002 91.9 96.9
2003 85.9 93.1
2004 83.8 89.4
2005 80.4 85.5
2006 80.3 84.8
2007 85.3 85.3
2008 84.9 83.7
2009 75.7 78.6
2010 73.8 75.5
2011 71.8 72.8
2012 71.2 69.9
2013 73.3 68.9
2014 77.3 70.5
2015 79.6 70.7
2016 81.0 70.2
2017 79.5 70.8
2018 80.0 72.0

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 Arkansas Teachers, 2018

Category Percent
Equities 54.7
Fixed Income 14.9
Private Equity 11.8
Real Estate 11.9
Cash 1.0
Other 0.0
Commodities 0.0
Hedge Fund 5.7
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 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Arkansas Teachers, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 53.4 31.0 0.0 0.0 6.7 8.9 0.0 0.0 0.0
2002 52.2 34.0 6.2 7.0 0.6 0.0 0.0 0.0 0.0
2003 50.5 26.9 6.4 8.0 0.7 7.5 0.0 0.0 0.0
2004 58.1 18.0 5.8 7.4 5.0 5.7 0.0 0.0 0.0
2005 61.4 23.2 6.1 5.4 0.4 3.5 0.0 0.0 0.0
2006 63.0 22.8 5.5 6.1 0.6 2.0 0.0 0.0 0.0
2007 63.0 22.5 5.2 7.2 0.5 1.6 0.0 0.0 0.0
2008 56.9 25.2 6.1 7.1 2.1 0.0 0.0 2.5 0.0
2009 54.9 26.8 7.5 7.1 0.4 0.0 0.0 3.3 0.0
2010 57.2 26.1 7.5 5.7 0.4 0.0 0.0 3.1 0.0
2011 57.1 20.9 7.4 7.4 2.8 0.0 0.0 4.4 0.0
2012 55.3 20.7 8.9 9.4 0.7 0.0 0.0 5.0 0.0
2013 57.7 18.0 9.3 9.0 0.6 0.0 0.0 5.4 0.0
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 null null null null null null null null null
2018 54.7 14.9 11.8 11.9 1.0 0.0 0.0 5.7 0.0

Source: Public Plans Database


Annual Return as of June 30 for Arkansas Teachers, 2001-2018

Fiscal Year Arkansas Teachers Assumed return
2001 -2.90 8.00
2002 -6.20 8.00
2003 2.00 8.00
2004 17.70 8.00
2005 9.40 8.00
2006 12.40 8.00
2007 19.10 8.00
2008 -3.70 8.00
2009 -18.00 8.00
2010 13.50 8.00
2011 22.30 8.00
2012 -0.90 8.00
2013 14.30 8.00
2014 19.00 8.00
2015 5.20 8.00
2016 -0.50 8.00
2017 16.10 7.50
2018 11.60 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Arkansas Teachers
2001-2018

Fiscal Year Cash Flow Assets
2001 -84.8 7,642.9
2002 -101.8 7,084.3
2003 -117.4 7,050.4
2004 -123.7 8,122.0
2005 -90.3 8,811.1
2006 -116.1 9,868.3
2007 -124.3 11,636.9
2008 -141.3 11,018.1
2009 -178.6 8,803.0
2010 -210.7 9,883.6
2011 -208.5 11,894.9
2012 -292.3 11,483.9
2013 -350.2 12,829.6
2014 -402.6 14,856.3
2015 -452.7 15,035.7
2016 -512.7 14,558.6
2017 -563.6 16,284.8
2018 -616.3 17,492.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Arkansas Teachers
2001-2018

Fiscal Year Arkansas Teachers National Average
2001 -1.1 -2.4
2002 -1.4 -3.3
2003 -1.7 -3.6
2004 -1.5 -3.4
2005 -1.0 -3.5
2006 -1.2 -3.3
2007 -1.1 -3.1
2008 -1.3 -4.0
2009 -2.0 -4.9
2010 -2.1 -4.9
2011 -1.8 -4.2
2012 -2.5 -4.3
2013 -2.7 -4.3
2014 -2.7 -3.4
2015 -3.0 -3.2
2016 -3.5 -3.5
2017 -3.5 -3.3
2018 -3.5 -3.1

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Arkansas Teachers benefit descriptions.