South Carolina Police Basics

  • Established 1962
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, South Carolina Police, 2001-2019

Fiscal Year Net Assets (billions)
2001 2.23
2002 2.27
2003 2.46
2004 2.66
2005 2.82
2006 2.95
2007 3.30
2008 3.20
2009 2.53
2010 2.85
2011 3.32
2012 3.27
2013 3.53
2014 3.99
2015 3.97
2016 3.88
2017 4.27
2018 4.57
2019 4.82

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year South Carolina Police US State and Local Pensions
2001 3.6 1.9
2002 3.1 1.8
2003 2.8 1.7
2004 2.6 1.6
2005 2.5 1.6
2006 2.4 1.5
2007 2.4 1.5
2008 2.3 1.5
2009 2.2 1.5
2010 2.1 1.4
2011 2.0 1.3
2012 1.8 1.3
2013 1.7 1.2
2014 1.7 1.2
2015 1.6 1.2
2016 1.5 1.2
2017 1.5 1.1
2018 1.5 1.1
2019 1.4 1.1

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 South Carolina Police, 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 12.4 0.0 12.1 12.4
2002 11.7 0.0 12.8 11.7
2003 10.8 0.0 14.8 10.8
2004 10.7 0.0 16.9 10.7
2005 10.6 0.0 21.2 10.6
2006 10.8 0.0 23.7 10.8
2007 10.8 0.0 25.5 10.8
2008 10.8 0.0 28.0 10.8
2009 11.5 0.0 29.1 11.5
2010 11.4 0.0 29.3 11.4
2011 11.9 0.0 31.2 11.9
2012 13.2 0.0 33.6 13.2
2013 13.9 0.0 34.7 13.9
2014 14.4 0.0 33.8 14.4
2015 15.1 0.0 33.7 15.1
2016 14.8 0.0 34.0 14.8
2017 15.2 0.0 33.2 15.2
2018 17.2 0.0 35.7 17.2
2019 18.2 0.0 37.0 18.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for South Carolina Police, 2001-2019

Fiscal Year South Carolina Police National Data
2001 94.6 107.1
2002 93.0 101.2
2003 91.5 91.9
2004 87.7 86.3
2005 87.4 83.2
2006 84.7 80.8
2007 84.7 80.2
2008 77.9 79.6
2009 76.3 77.6
2010 74.5 73.2
2011 72.8 72.2
2012 71.1 71.9
2013 69.2 72.7
2014 69.5 72.2
2015 69.2 72.4
2016 66.3 72.2
2017 63.0 72.2
2018 63.1 72.8
2019 62.7 73.2

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 South Carolina Police, 2019

Category Percent
Equities 36.3
Fixed Income 14.4
Private Equity 13.6
Real Estate 7.7
Cash 9.2
Other 0.0
Commodities 0.5
Hedge Fund 18.5
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for South Carolina Police, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 21.7 78.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2002 25.9 74.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2003 34.2 65.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2004 41.3 58.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2005 41.8 57.0 0.0 0.0 1.2 0.0 0.0 0.0 0.0
2006 49.3 49.7 0.0 0.0 1.0 0.0 0.0 0.0 0.0
2007 50.0 50.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2008 47.9 41.6 1.0 0.0 0.8 0.0 0.0 8.7 0.0
2009 32.8 34.8 2.5 0.6 13.1 0.0 0.0 16.1 0.0
2010 27.3 27.4 4.3 0.6 14.2 0.0 0.0 26.2 0.0
2011 32.4 22.4 7.1 0.8 7.3 0.0 1.9 28.1 0.0
2012 24.3 18.0 9.1 2.5 15.5 0.0 2.7 27.9 0.0
2013 28.3 23.3 9.6 3.7 10.7 0.0 2.7 21.8 0.0
2014 30.8 16.6 14.6 3.6 6.7 0.0 2.1 25.4 0.0
2015 32.3 15.9 14.5 4.0 3.6 0.0 3.0 26.8 0.0
2016 31.7 13.9 15.5 7.1 2.1 0.0 4.2 25.6 0.0
2017 35.1 15.2 13.5 7.2 2.0 5.2 1.4 20.5 0.0
2018 36.3 15.1 13.4 8.5 0.0 7.0 2.0 16.9 0.0
2019 36.3 14.4 13.6 7.7 9.2 0.0 0.5 18.5 0.0

Source: Public Plans Database

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Annual Return as of June 30 for South Carolina Police, 2001-2019

Fiscal Year South Carolina Police Assumed return
2001 7.36 7.25
2002 0.85 7.25
2003 8.32 7.25
2004 8.64 7.25
2005 6.63 7.25
2006 5.10 7.25
2007 13.35 7.25
2008 -2.56 8.00
2009 -19.04 8.00
2010 14.62 8.00
2011 18.59 7.50
2012 0.61 7.50
2013 9.99 7.50
2014 15.29 7.50
2015 1.60 7.50
2016 -0.39 7.50
2017 11.88 7.25
2018 7.82 7.25
2019 5.84 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
South Carolina Police
2001-2019

Fiscal Year Cash Flow Assets
2001 41.5 2,234.2
2002 20.6 2,273.6
2003 1.9 2,461.2
2004 -12.1 2,663.9
2005 -20.0 2,821.9
2006 -16.4 2,948.3
2007 -20.6 3,304.0
2008 -24.6 3,196.1
2009 -28.7 2,530.6
2010 -43.0 2,851.5
2011 -55.4 3,317.5
2012 -66.7 3,270.0
2013 -77.0 3,526.4
2014 -82.0 3,985.1
2015 -73.1 3,971.8
2016 -72.3 3,876.0
2017 -59.1 4,274.1
2018 -36.8 4,570.4
2019 -20.1 4,815.8

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
South Carolina Police
2001-2019

Fiscal Year South Carolina Police National Average
2001 1.9 -3.2
2002 0.9 -3.0
2003 0.1 -4.2
2004 -0.5 -3.1
2005 -0.7 -2.4
2006 -0.6 -1.8
2007 -0.6 -1.2
2008 -0.8 -0.8
2009 -1.1 -0.8
2010 -1.5 -1.1
2011 -1.7 -2.4
2012 -2.0 -1.1
2013 -2.2 -1.1
2014 -2.1 -3.3
2015 -1.8 -1.9
2016 -1.9 -1.7
2017 -1.4 -3.1
2018 -0.8 -2.4
2019 -0.4 -1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for South Carolina Police benefit descriptions.