North Dakota PERS Basics

  • Established 1977
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, North Dakota PERS, 2001-2019

Fiscal Year Net Assets (billions)
2001 1.1
2002 1.0
2003 1.1
2004 1.3
2005 1.4
2006 1.6
2007 1.9
2008 1.8
2009 1.3
2010 1.5
2011 1.8
2012 1.7
2013 2.0
2014 2.3
2015 2.4
2016 2.4
2017 2.7
2018 3.0
2019 3.1

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year North Dakota PERS US State and Local Pensions
2001 3.3 2.5
2002 3.3 2.4
2003 3.1 2.3
2004 3.1 2.2
2005 3.0 2.1
2006 2.9 2.1
2007 2.8 2.0
2008 2.8 2.0
2009 2.8 1.9
2010 2.8 1.8
2011 2.6 1.7
2012 2.5 1.6
2013 2.5 1.5
2014 2.4 1.5
2015 2.3 1.5
2016 2.2 1.4
2017 2.1 1.4
2018 2.0 1.3
2019 1.9 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 North Dakota PERS, 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 2.2 0.0 5.0 2.2 2.2
2002 3.6 0.0 4.8 3.6 3.6
2003 4.0 0.3 5.7 4.3 4.3
2004 3.9 1.4 7.3 5.3 5.3
2005 4.0 2.1 9.0 6.1 6.1
2006 4.0 1.8 9.3 5.8 5.8
2007 4.0 2.6 10.0 6.6 6.6
2008 3.9 1.7 10.4 5.6 5.6
2009 4.0 1.8 10.2 5.8 5.8
2010 3.9 3.1 10.5 7.0 7.0
2011 4.0 6.3 12.5 10.3 10.3
2012 4.8 6.6 12.9 11.4 11.4
2013 5.5 5.5 13.9 11.0 11.0
2014 6.3 4.7 14.5 11.1 11.1
2015 6.9 3.6 14.9 10.5 10.5
2016 6.9 4.2 14.8 11.1 11.1
2017 6.9 3.3 15.1 10.2 10.2
2018 7.0 3.9 18.1 10.9 10.9
2019 6.9 3.9 18.8 10.8 10.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for North Dakota PERS, 2001-2019

Fiscal Year North Dakota PERS National Data
2001 110.6 106.5
2002 104.2 101.1
2003 98.1 94.2
2004 94.0 93.1
2005 90.8 91.1
2006 86.8 90.5
2007 93.4 91.2
2008 92.6 90.2
2009 85.1 83.2
2010 73.4 81.5
2011 70.5 80.4
2012 65.1 78.9
2013 62.0 78.7
2014 64.5 79.0
2015 68.6 78.2
2016 66.7 76.3
2017 70.7 76.4
2018 72.5 76.5
2019 72.2 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 North Dakota PERS, 2019

Category Percent
Equities 54.6
Fixed Income 22.6
Private Equity 3.7
Real Estate 11.7
Cash 0.6
Other 0.0
Commodities 6.8
Hedge Fund 0.0
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 North Dakota PERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 51.0 39.5 3.5 5.8 0.2 0.0 0.0 0.0 0.0
2002 49.5 41.7 2.9 5.2 0.7 0.0 0.0 0.0 0.0
2003 56.4 33.3 4.5 5.1 0.7 0.0 0.0 0.0 0.0
2004 56.8 32.4 4.5 4.7 1.5 0.0 0.0 0.0 0.0
2005 56.4 33.2 4.1 5.1 1.2 0.0 0.0 0.0 0.0
2006 55.6 33.3 4.1 6.0 1.0 0.0 0.0 0.0 0.0
2007 57.3 31.4 4.4 5.9 1.0 0.0 0.0 0.0 0.0
2008 51.6 35.7 5.5 6.7 0.5 0.0 0.0 0.0 0.0
2009 44.5 44.0 5.2 5.7 0.6 0.0 0.0 0.0 0.0
2010 49.8 39.8 4.2 4.9 1.3 0.0 0.0 0.0 0.0
2011 55.2 34.2 3.5 5.7 1.4 0.0 0.0 0.0 0.0
2012 50.3 22.8 5.8 10.1 1.6 0.0 9.4 0.0 0.0
2013 52.6 22.1 5.2 9.9 1.3 0.0 8.9 0.0 0.0
2014 53.3 23.6 4.5 9.4 1.1 0.0 8.1 0.0 0.0
2015 53.7 23.1 3.7 9.8 1.7 0.0 8.0 0.0 0.0
2016 53.5 22.8 3.3 11.2 1.6 0.0 7.6 0.0 0.0
2017 55.6 22.8 3.0 11.2 0.4 0.0 7.0 0.0 0.0
2018 55.1 23.5 3.2 10.6 0.8 0.0 6.8 0.0 0.0
2019 54.6 22.6 3.7 11.7 0.6 0.0 6.8 0.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for North Dakota PERS, 2001-2019

Fiscal Year North Dakota PERS Assumed return
2001 -4.12 8.00
2002 -6.83 8.00
2003 5.46 8.00
2004 16.66 8.00
2005 14.07 8.00
2006 12.00 8.00
2007 18.96 8.00
2008 -5.60 8.00
2009 -24.42 8.00
2010 13.67 8.00
2011 21.43 8.00
2012 0.06 8.00
2013 13.50 8.00
2014 16.38 8.00
2015 3.53 8.00
2016 0.28 8.00
2017 13.05 7.75
2018 9.19 7.75
2019 5.60 7.75

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
North Dakota PERS
2001-2019

Fiscal Year Cash Flow Assets
2001 -8.2 1,134.2
2002 -9.7 1,047.4
2003 -10.1 1,092.8
2004 -9.9 1,267.0
2005 -16.4 1,433.0
2006 -20.4 1,587.2
2007 -21.7 1,878.9
2008 -23.8 1,761.2
2009 -23.9 1,320.0
2010 -19.4 1,474.2
2011 -28.3 1,758.1
2012 -27.1 1,734.0
2013 -15.7 1,957.7
2014 -1.0 2,281.6
2015 1.9 2,371.7
2016 22.7 2,414.9
2017 -10.7 2,727.8
2018 -26.8 2,970.2
2019 -40.5 3,096.7

Source: Public Plans Database


Cash Flow as a Percentage of Assets
North Dakota PERS
2001-2019

Fiscal Year North Dakota PERS National Average
2001 -0.7 -2.3
2002 -0.9 -2.3
2003 -0.9 -2.6
2004 -0.8 -1.7
2005 -1.1 -1.9
2006 -1.3 -1.9
2007 -1.2 -1.7
2008 -1.3 -1.9
2009 -1.8 -2.7
2010 -1.3 -2.9
2011 -1.6 -2.8
2012 -1.6 -3.1
2013 -0.8 -3.0
2014 -0.0 -2.7
2015 0.1 -2.8
2016 0.9 -3.0
2017 -0.4 -2.9
2018 -0.9 -2.4
2019 -1.3 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for North Dakota PERS benefit descriptions.