Phoenix ERS Basics

  • Established 1953
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Phoenix ERS, 2001-2019

Fiscal Year Net Assets (billions)
2001 1.3
2002 1.2
2003 1.3
2004 1.4
2005 1.5
2006 1.7
2007 1.9
2008 1.8
2009 1.4
2010 1.5
2011 1.8
2012 1.8
2013 2.0
2014 2.2
2015 2.2
2016 2.2
2017 2.4
2018 2.6
2019 2.7

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Phoenix ERS US State and Local Pensions
2001 2.6 2.5
2002 2.6 2.4
2003 2.5 2.3
2004 2.4 2.2
2005 2.3 2.1
2006 2.3 2.1
2007 2.3 2.0
2008 2.2 2.0
2009 2.0 1.9
2010 1.8 1.8
2011 1.7 1.7
2012 1.5 1.6
2013 1.4 1.5
2014 1.2 1.5
2015 1.1 1.5
2016 1.1 1.4
2017 1.2 1.4
2018 1.1 1.3
2019 1.1 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 Phoenix ERS, 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 5.9 0.0 5.0 5.9 5.9
2002 7.0 0.0 4.8 7.0 7.0
2003 6.7 0.0 5.7 6.7 6.7
2004 8.9 0.0 7.3 8.9 8.9
2005 9.3 0.0 9.0 9.3 9.3
2006 10.7 0.0 9.3 10.7 10.7
2007 10.9 0.0 10.0 10.9 10.9
2008 11.3 0.0 10.4 11.3 11.3
2009 12.3 0.0 10.2 12.3 12.3
2010 15.7 0.0 10.5 15.7 15.7
2011 17.7 0.0 12.5 17.7 17.7
2012 20.9 0.0 12.9 20.9 20.9
2013 21.7 0.0 13.9 21.7 21.7
2014 21.7 4.9 14.5 26.6 26.6
2015 24.2 0.0 14.9 24.2 24.2
2016 24.1 0.0 14.8 24.1 24.1
2017 29.2 0.0 15.1 29.2 29.2
2018 28.9 1.3 18.1 30.2 30.2
2019 29.4 0.0 18.9 29.4 29.4

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Phoenix ERS, 2001-2019

Fiscal Year Phoenix ERS National Data
2001 102.5 106.5
2002 91.6 101.1
2003 88.5 94.2
2004 84.2 93.1
2005 84.2 91.1
2006 81.3 90.5
2007 83.9 91.2
2008 79.1 90.2
2009 75.3 83.2
2010 69.3 81.5
2011 66.7 80.4
2012 62.2 78.9
2013 64.2 78.7
2014 58.7 79.0
2015 55.4 78.2
2016 57.3 76.3
2017 58.2 76.4
2018 60.6 76.5
2019 60.8 76.0

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 Phoenix ERS, 2019

Category Percent
Equities 36.3
Fixed Income 32.6
Private Equity 5.7
Real Estate 13.4
Cash 1.3
Other 0.0
Commodities 0.0
Hedge Fund 10.6
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.1
Fixed Income 22.6
Private Equity 9.3
Real Estate 9.1
Cash 1.6
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Phoenix ERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 null null null null null null null null null
2006 null null null null null null null null null
2007 null null null null null null null null null
2008 null null null null null null null null null
2009 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 43.2 22.9 0.4 12.7 1.7 0.0 7.5 11.7 0.0
2016 42.3 22.6 1.7 14.6 0.2 0.0 7.4 11.2 0.0
2017 44.4 19.9 3.3 13.4 0.7 0.0 7.4 10.9 0.0
2018 44.1 29.7 4.4 13.5 3.5 0.0 0.0 4.8 0.0
2019 36.3 32.6 5.7 13.4 1.3 0.0 0.0 10.6 0.0

Source: Public Plans Database


Annual Return as of June 30 for Phoenix ERS, 2001-2019

Fiscal Year Phoenix ERS Assumed return
2001 -1.40 8.00
2002 -6.40 8.00
2003 3.30 8.00
2004 16.00 8.00
2005 8.60 8.00
2006 9.00 8.00
2007 16.50 8.00
2008 -5.10 8.00
2009 -20.40 8.00
2010 10.30 8.00
2011 21.30 8.00
2012 -0.18 8.00
2013 11.35 8.00
2014 15.88 7.50
2015 2.64 7.50
2016 0.90 7.50
2017 11.50 7.25
2018 7.10 7.25
2019 6.20 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Phoenix ERS
2001-2019

Fiscal Year Cash Flow Assets
2001 -15.8 1,346.9
2002 -14.0 1,244.4
2003 -18.8 1,262.5
2004 -15.4 1,445.7
2005 -16.4 1,549.6
2006 -13.0 1,670.6
2007 -12.1 1,930.5
2008 -13.8 1,810.7
2009 -25.7 1,409.6
2010 -17.4 1,535.2
2011 -26.7 1,824.2
2012 -22.9 1,795.7
2013 -31.0 1,960.0
2014 -36.3 2,222.2
2015 -59.9 2,209.5
2016 -67.3 2,151.4
2017 -41.0 2,353.6
2018 34.4 2,554.5
2019 -37.3 2,660.1

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Phoenix ERS
2001-2019

Fiscal Year Phoenix ERS National Average
2001 -1.2 -2.3
2002 -1.1 -2.3
2003 -1.5 -2.6
2004 -1.1 -1.7
2005 -1.1 -1.9
2006 -0.8 -1.9
2007 -0.6 -1.7
2008 -0.8 -1.9
2009 -1.8 -2.7
2010 -1.1 -2.9
2011 -1.5 -2.8
2012 -1.3 -3.1
2013 -1.6 -3.0
2014 -1.6 -2.7
2015 -2.7 -2.8
2016 -3.1 -3.0
2017 -1.7 -2.9
2018 1.3 -2.4
2019 -1.4 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Phoenix ERS benefit descriptions.