Ohio PERS Basics

  • Established 1935
  • 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, Ohio PERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 44.0
2002 39.1
2003 48.2
2004 53.6
2005 57.7
2006 65.3
2007 70.0
2008 49.3
2009 57.6
2010 63.5
2011 61.7
2012 67.7
2013 74.6
2014 77.0
2015 74.2
2016 77.1
2017 86.6
2018 80.9

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Ohio PERS US State and Local Pensions
2001 3.1 3.1
2002 2.9 2.9
2003 2.5 2.5
2004 2.5 2.5
2005 2.4 2.5
2006 2.4 2.4
2007 2.3 2.3
2008 2.2 2.2
2009 2.0 2.1
2010 1.8 1.8
2011 1.7 1.7
2012 1.6 1.7
2013 1.6 1.6
2014 1.5 1.5
2015 1.5 1.5
2016 1.5 1.5
2017 1.4 1.5
2018 1.3 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 Ohio PERS, 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 9.1 0.0 9.5 9.1 9.1
2002 9.9 0.0 10.1 9.9 9.9
2003 9.3 0.0 10.4 9.3 9.3
2004 9.8 0.0 11.1 9.8 9.8
2005 9.9 0.0 12.1 9.9 9.9
2006 9.6 0.0 12.3 9.6 9.6
2007 8.5 0.0 11.6 8.5 8.5
2008 7.1 0.0 10.1 7.1 7.1
2009 8.3 0.0 11.5 8.3 8.3
2010 9.0 0.0 12.8 9.0 9.0
2011 10.1 0.0 13.6 10.1 10.1
2012 10.1 0.0 14.4 10.1 10.1
2013 13.1 0.0 16.6 13.1 13.1
2014 12.2 0.0 16.4 12.2 12.2
2015 12.2 0.0 17.0 12.2 12.2
2016 12.2 0.0 17.0 12.2 12.2
2017 13.2 0.0 14.3 13.2 13.2
2018 14.2 0.0 14.7 14.2 14.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Ohio PERS, 2001-2018

Fiscal Year Ohio PERS National Data
2001 103.0 98.7
2002 86.0 85.4
2003 85.0 83.7
2004 88.0 84.1
2005 89.0 83.5
2006 93.0 86.8
2007 96.0 89.5
2008 75.0 77.0
2009 75.0 73.3
2010 79.0 75.5
2011 77.0 73.4
2012 81.0 74.9
2013 82.4 75.4
2014 83.8 77.4
2015 85.0 79.1
2016 80.1 76.5
2017 81.1 77.6
2018 77.5 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 Ohio PERS, 2018

Category Percent
Equities 36.7
Fixed Income 26.0
Private Equity 10.2
Real Estate 8.6
Cash 4.2
Other 0.0
Commodities 0.0
Hedge Fund 14.3
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.4
Fixed Income 21.8
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.1
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Ohio PERS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 67.8 20.5 0.4 9.8 1.5 0.0 0.0 0.0 0.0
2002 66.6 21.2 0.5 9.8 1.9 0.0 0.0 0.0 0.0
2003 68.7 21.0 0.5 6.0 3.8 0.0 0.0 0.0 0.0
2004 71.1 22.9 0.6 5.4 0.0 0.0 0.0 0.0 0.0
2005 65.7 24.9 1.3 7.2 0.9 0.0 0.0 0.0 0.0
2006 66.9 23.7 2.1 5.7 1.7 0.0 0.0 0.0 0.0
2007 64.6 24.1 3.4 6.8 1.2 0.0 0.0 0.0 0.0
2008 55.5 28.6 4.6 8.8 2.5 0.0 0.0 0.0 0.0
2009 62.5 23.9 4.3 6.4 2.9 0.0 0.0 0.0 0.0
2010 55.9 25.4 5.4 8.0 5.3 0.0 0.0 0.0 0.0
2011 49.8 26.4 8.4 9.7 4.4 0.0 0.0 1.3 0.0
2012 43.9 27.0 10.4 10.4 3.5 0.0 0.0 4.8 0.0
2013 42.5 23.2 10.9 10.3 3.8 0.0 0.0 9.4 0.0
2014 36.4 23.4 12.1 10.0 3.1 0.0 0.0 15.0 0.0
2015 35.1 23.5 12.2 11.1 3.2 0.0 0.0 14.8 0.0
2016 35.6 23.0 11.5 10.4 4.8 0.0 0.0 14.8 0.0
2017 41.2 21.1 10.7 8.8 2.7 0.0 1.0 14.6 0.0
2018 36.7 26.0 10.2 8.6 4.2 0.0 0.0 14.3 0.0

Source: Public Plans Database


Annual Return as of December 31 for Ohio PERS, 2001-2018

Fiscal Year Ohio PERS Assumed return
2001 -4.60 8.00
2002 -10.74 8.00
2003 25.33 8.00
2004 12.50 8.00
2005 9.30 8.00
2006 15.10 8.00
2007 8.89 8.00
2008 -27.15 8.00
2009 19.09 8.00
2010 13.98 8.00
2011 0.36 8.00
2012 14.54 8.00
2013 14.38 8.00
2014 6.96 8.00
2015 0.33 8.00
2016 8.31 7.50
2017 16.82 7.50
2018 -2.99 7.20

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Ohio PERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -272.0 44,036.3
2002 -95.1 39,100.0
2003 -453.0 48,239.3
2004 -575.1 53,554.3
2005 -753.9 57,662.2
2006 -1,015.6 65,297.4
2007 -1,165.0 69,959.6
2008 -1,410.0 49,312.8
2009 -1,673.3 57,630.4
2010 -1,918.3 63,515.0
2011 -2,228.9 61,692.7
2012 -2,516.1 67,668.1
2013 -2,473.4 74,618.5
2014 -2,718.6 76,956.2
2015 -3,017.8 74,213.3
2016 -3,050.9 77,109.6
2017 -3,110.2 86,585.9
2018 -3,185.0 80,876.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Ohio PERS
2001-2018

Fiscal Year Ohio PERS National Average
2001 -0.6 -0.6
2002 -0.2 -0.2
2003 -0.9 -0.9
2004 -1.1 -1.0
2005 -1.3 -1.2
2006 -1.6 -1.5
2007 -1.7 -1.6
2008 -2.9 -2.7
2009 -2.9 -2.8
2010 -3.0 -2.9
2011 -3.6 -3.4
2012 -3.7 -3.6
2013 -3.3 -3.2
2014 -3.5 -3.4
2015 -4.1 -3.9
2016 -4.0 -3.8
2017 -3.6 -3.5
2018 -3.9 -3.9

Source: Public Plans Database

National data averages are weighted by plan size.

2017 Financial Reports

Benefits

Website for Ohio PERS benefit descriptions.