North Dakota Teachers Basics

  • Established 1913
  • 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, North Dakota Teachers, 2001-2019

Fiscal Year Net Assets (billions)
2001 1.29
2002 1.17
2003 1.18
2004 1.37
2005 1.53
2006 1.72
2007 2.03
2008 1.85
2009 1.31
2010 1.44
2011 1.73
2012 1.65
2013 1.84
2014 2.09
2015 2.14
2016 2.12
2017 2.36
2018 2.53
2019 2.62

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year North Dakota Teachers US State and Local Pensions
2001 2.1 2.4
2002 2.0 2.4
2003 1.9 2.3
2004 1.8 2.2
2005 1.8 2.1
2006 1.6 2.1
2007 1.6 2.0
2008 1.5 2.0
2009 1.5 1.9
2010 1.5 1.8
2011 1.4 1.7
2012 1.4 1.6
2013 1.4 1.5
2014 1.3 1.5
2015 1.3 1.4
2016 1.3 1.4
2017 1.3 1.4
2018 1.2 1.4
2019 1.3 1.3

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 North Dakota Teachers, 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
2001 7.7 0.0 5.9 7.7
2002 7.8 0.0 5.5 7.8
2003 7.8 0.0 6.3 7.8
2004 7.9 1.2 7.8 9.1
2005 7.9 3.6 9.5 11.5
2006 8.0 4.5 10.5 12.5
2007 7.9 4.6 11.4 12.6
2008 8.1 2.5 11.9 10.6
2009 8.5 1.0 12.2 9.5
2010 8.6 2.6 14.7 11.2
2011 9.1 4.2 16.7 13.3
2012 9.1 4.6 17.7 13.7
2013 11.3 0.0 19.0 9.9
2014 11.2 0.0 19.8 10.7
2015 13.3 0.0 20.3 12.1
2016 13.2 0.3 20.3 13.5
2017 13.2 0.5 20.4 13.7
2018 13.3 0.2 21.1 13.5
2019 13.1 0.2 21.8 13.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for North Dakota Teachers, 2001-2019

Fiscal Year North Dakota Teachers National Data
2001 96.4 105.5
2002 91.6 96.9
2003 85.1 93.1
2004 80.3 89.4
2005 74.8 85.5
2006 75.4 84.8
2007 79.2 85.3
2008 81.9 83.7
2009 77.7 78.5
2010 69.8 75.5
2011 66.3 72.8
2012 60.9 69.9
2013 58.8 68.9
2014 61.8 70.5
2015 61.6 70.7
2016 62.1 70.2
2017 63.7 70.8
2018 65.4 72.0
2019 66.0 71.5

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.

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Investments

Asset Allocation for North Dakota Teachers, 2019

Category Percent
Equities 53.9
Fixed Income 22.5
Private Equity 4.1
Real Estate 10.7
Cash 1.4
Other 0.0
Commodities 7.1
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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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.

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Asset allocation for North Dakota Teachers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 64.0 19.0 4.0 11.0 2.0 0.0 0.0 0.0 0.0
2002 66.0 20.0 3.0 9.0 2.0 0.0 0.0 0.0 0.0
2003 67.0 18.0 4.0 9.0 2.0 0.0 0.0 0.0 0.0
2004 66.0 19.0 4.0 8.0 3.0 0.0 0.0 0.0 0.0
2005 66.0 19.0 4.0 9.0 2.0 0.0 0.0 0.0 0.0
2006 60.0 24.0 4.0 11.0 1.0 0.0 0.0 0.0 0.0
2007 63.0 21.0 4.0 11.0 1.0 0.0 0.0 0.0 0.0
2008 55.4 25.7 5.9 11.9 1.0 0.0 0.0 0.0 0.0
2009 51.0 31.0 6.0 11.0 1.0 0.0 0.0 0.0 0.0
2010 56.0 27.0 5.0 10.0 2.0 0.0 0.0 0.0 0.0
2011 61.0 24.0 4.0 10.0 1.0 0.0 0.0 0.0 0.0
2012 50.0 23.0 6.0 11.0 1.0 0.0 9.0 0.0 0.0
2013 52.0 23.0 5.0 10.0 1.0 0.0 9.0 0.0 0.0
2014 53.0 23.0 5.0 10.0 1.0 0.0 8.0 0.0 0.0
2015 53.0 23.0 4.0 10.0 1.0 0.0 9.0 0.0 0.0
2016 54.0 23.0 4.0 10.0 1.0 0.0 8.0 0.0 0.0
2017 55.0 23.0 3.0 10.0 1.0 0.0 8.0 0.0 0.0
2018 54.5 23.8 4.0 9.9 1.0 0.0 6.9 0.0 0.0
2019 53.9 22.5 4.1 10.7 1.4 0.0 7.1 0.0 0.0

Source: Public Plans Database

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

Fiscal Year North Dakota Teachers Assumed return
2001 -7.30 8.00
2002 -8.88 8.00
2003 2.28 8.00
2004 19.30 8.00
2005 13.36 8.00
2006 14.79 8.00
2007 20.04 8.00
2008 -7.51 8.00
2009 -27.33 8.00
2010 13.87 8.00
2011 24.21 8.00
2012 -0.97 8.00
2013 13.63 8.00
2014 16.53 8.00
2015 3.52 7.75
2016 0.28 7.75
2017 12.92 7.75
2018 9.11 7.75
2019 5.54 7.75

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

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

Fiscal Year Cash Flow Assets
2001 -7.4 1,290.7
2002 -14.9 1,165.4
2003 -14.6 1,175.2
2004 -20.8 1,374.7
2005 -25.2 1,530.2
2006 -30.4 1,720.3
2007 -38.3 2,029.8
2008 -43.0 1,846.1
2009 -43.7 1,309.7
2010 -50.8 1,437.9
2011 -46.7 1,726.2
2012 -50.5 1,654.1
2013 -34.8 1,839.6
2014 -42.9 2,091.0
2015 -21.7 2,141.9
2016 -25.8 2,124.3
2017 -30.5 2,360.5
2018 -41.2 2,530.7
2019 -49.5 2,616.2

Source: Public Plans Database

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

Fiscal Year North Dakota Teachers National Average
2001 -0.6 -2.4
2002 -1.3 -3.3
2003 -1.2 -3.6
2004 -1.5 -3.4
2005 -1.6 -3.5
2006 -1.8 -3.3
2007 -1.9 -3.1
2008 -2.3 -4.0
2009 -3.3 -4.9
2010 -3.5 -4.9
2011 -2.7 -4.2
2012 -3.1 -4.3
2013 -1.9 -4.3
2014 -2.0 -3.4
2015 -1.0 -3.2
2016 -1.2 -3.5
2017 -1.3 -3.3
2018 -1.6 -3.1
2019 -1.9 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for North Dakota Teachers benefit descriptions.