Ohio School Employees Basics

  • Established 1937
  • Currently open to new hires
  • Plan covers local employees
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Ohio School Employees, 2001-2023

Fiscal Year Net Assets (billions)
2001 7.88
2002 7.11
2003 7.12
2004 8.15
2005 8.89
2006 9.86
2007 11.57
2008 10.65
2009 8.02
2010 8.95
2011 10.48
2012 10.20
2013 11.16
2014 12.66
2015 12.64
2016 12.30
2017 13.44
2018 14.08
2019 14.34
2020 14.20
2021 17.56
2022 16.69
2023 17.26

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Ohio School Employees US State and Local Pensions
2001 2.0 2.4
2002 2.0 2.3
2003 2.0 2.2
2004 2.0 2.1
2005 2.0 2.1
2006 2.0 2.0
2007 1.9 2.0
2008 1.9 1.9
2009 1.9 1.9
2010 1.9 1.8
2011 1.9 1.7
2012 1.8 1.6
2013 1.7 1.5
2014 1.7 1.4
2015 1.7 1.4
2016 1.6 1.4
2017 2.0 1.4
2018 1.9 1.3
2019 2.0 1.3
2020 1.9 1.3
2021 1.8 1.2
2022 1.9 1.2
2023 2.0 1.2

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 Ohio School Employees, 2001-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 4.0 0.0 8.7 4.0
2002 4.4 0.0 8.7 4.4
2003 7.2 0.0 10.5 7.2
2004 8.2 0.0 11.8 8.2
2005 9.7 0.0 13.7 9.7
2006 9.3 1.4 14.3 10.7
2007 9.0 1.0 13.9 10.0
2008 8.4 0.0 12.8 8.4
2009 9.6 0.0 14.4 9.6
2010 13.3 0.0 15.5 13.3
2011 12.5 0.0 16.4 12.5
2012 13.5 0.0 18.1 13.5
2013 14.6 0.0 20.3 14.6
2014 14.7 0.0 20.6 14.7
2015 14.0 0.0 20.6 14.0
2016 14.9 0.0 21.5 14.9
2017 14.2 0.0 21.4 14.2
2018 13.1 0.0 22.5 13.1
2019 13.4 0.0 22.6 13.4
2020 14.1 0.0 23.4 14.1
2021 14.0 0.0 23.6 14.0
2022 14.0 0.0 24.1 14.0
2023 14.0 0.0 23.6 14.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Ohio School Employees, 2001-2023

Fiscal Year Ohio School Employees National Data
2001 95.0 101.7
2002 90.2 94.6
2003 83.6 88.8
2004 78.1 87.0
2005 75.3 85.4
2006 76.4 85.2
2007 80.8 86.3
2008 82.0 84.4
2009 68.4 78.4
2010 72.6 75.7
2011 65.2 74.3
2012 62.8 72.3
2013 65.3 71.8
2014 68.1 73.2
2015 68.8 73.2
2016 67.3 71.6
2017 70.7 72.0
2018 70.7 72.4
2019 71.0 72.5
2020 73.0 72.6
2021 76.0 75.8
2022 77.0 76.2
2023 78.1 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Ohio School Employees, 2023

Category Percent
Equities 41.8
Fixed Income 13.0
Private Equity 13.3
Real Estate 20.1
Cash 2.6
Other 0.0
Commodities 0.0
Hedge Fund 9.2
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Ohio School Employees, 2001-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 59.8 22.9 1.2 11.3 4.8 0.0 0.0 0.0 0.0
2002 60.1 28.0 1.2 10.4 0.3 0.0 0.0 0.0 0.0
2003 65.7 22.7 1.3 9.6 0.7 0.0 0.0 0.0 0.0
2004 66.3 22.4 1.5 8.8 1.0 0.0 0.0 0.0 0.0
2005 64.3 22.4 1.9 10.2 1.2 0.0 0.0 0.0 0.0
2006 64.7 21.0 2.6 11.2 0.5 0.0 0.0 0.0 0.0
2007 62.2 23.4 3.6 9.8 1.0 0.0 0.0 0.0 0.0
2008 56.7 24.5 5.9 11.8 1.1 0.0 0.0 0.0 0.0
2009 54.3 24.7 7.8 10.5 2.7 0.0 0.0 0.0 0.0
2010 55.0 25.8 9.2 9.2 0.8 0.0 0.0 0.0 0.0
2011 50.9 17.4 7.8 9.4 1.6 0.0 0.0 12.9 0.0
2012 46.9 18.3 9.4 10.3 1.0 0.0 0.0 14.2 0.0
2013 48.9 16.3 9.6 10.3 1.3 0.0 0.0 13.6 0.0
2014 49.7 14.9 9.5 10.6 2.5 0.0 0.0 12.8 0.0
2015 46.1 15.7 9.3 12.7 3.1 0.0 0.0 13.1 0.0
2016 43.5 16.4 10.0 15.8 1.3 0.0 0.0 13.0 0.0
2017 47.1 14.7 9.7 14.9 2.0 0.0 0.0 11.6 0.0
2018 46.0 13.5 10.3 14.1 5.3 0.0 0.0 10.8 0.0
2019 45.7 15.4 10.1 15.0 3.2 0.0 0.0 10.6 0.0
2020 45.2 17.1 10.5 15.5 2.0 0.0 0.0 9.7 0.0
2021 48.3 14.7 11.8 15.0 3.6 0.0 0.0 6.6 0.0
2022 40.7 12.6 12.7 21.6 3.0 0.0 0.0 9.4 0.0
2023 41.8 13.0 13.3 20.1 2.6 0.0 0.0 9.2 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Ohio School Employees, 2001-2023

Fiscal Year Ohio School Employees Assumed return
2001 -6.80 7.75
2002 -7.80 8.25
2003 1.80 8.25
2004 16.50 8.25
2005 10.50 8.25
2006 13.20 8.00
2007 19.30 8.00
2008 -5.30 8.00
2009 -21.80 8.00
2010 12.30 8.00
2011 20.90 7.75
2012 0.90 7.75
2013 13.70 7.75
2014 18.00 7.75
2015 3.90 7.75
2016 1.40 7.50
2017 13.20 7.50
2018 9.20 7.50
2019 6.60 7.50
2020 3.00 7.50
2021 26.80 7.00
2022 -0.50 7.00
2023 7.40 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Ohio School Employees
2001-2023

Fiscal Year Cash Flow Assets
2001 -154.3 7,884.6
2002 -150.7 7,112.3
2003 -88.7 7,115.4
2004 -63.8 8,153.4
2005 -62.0 8,886.9
2006 -114.2 9,856.0
2007 -152.2 11,571.3
2008 -168.0 10,646.6
2009 -186.8 8,024.9
2010 -114.1 8,953.4
2011 -193.0 10,483.1
2012 -243.9 10,201.2
2013 -318.6 11,160.6
2014 -362.7 12,662.8
2015 -449.6 12,638.9
2016 -448.0 12,296.0
2017 -450.2 13,438.8
2018 -575.8 14,078.7
2019 -561.0 14,337.5
2020 -541.8 14,203.0
2021 -558.3 17,561.2
2022 -542.4 16,685.9
2023 -555.1 17,259.7

Source: Public Plans Database

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Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Ohio School Employees
2001-2023

Fiscal Year Ohio School Employees National Average
2001 -2.0 -2.0
2002 -2.1 -2.4
2003 -1.2 -2.5
2004 -0.8 -1.8
2005 -0.7 -2.2
2006 -1.2 -2.2
2007 -1.3 -2.0
2008 -1.6 -2.1
2009 -2.3 -3.1
2010 -1.3 -3.2
2011 -1.8 -3.0
2012 -2.4 -3.2
2013 -2.9 -3.1
2014 -2.9 -2.9
2015 -3.6 -2.7
2016 -3.6 -2.9
2017 -3.4 -2.8
2018 -4.1 -2.4
2019 -3.9 -2.4
2020 -3.8 -2.3
2021 -3.2 -2.0
2022 -3.3 -1.9
2023 -3.2 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Ohio School Employees benefit descriptions.