Kern County Employees Retirement Association Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Kern County (CA) ERS |
5,872.4 |
24,326 |
| Other Plans |
0 |
0 |
| Total |
5,872.4 |
24,326 |
Source: Public Plans Database (as of 2024)
Note: Kern County Employees Retirement Association has 0 other plans.
Assets
Assets at Year-End
Kern County Employees Retirement Association
2001-2024
| Fiscal Year |
Net Assets (billions) |
| 2001 |
1.5 |
| 2002 |
1.4 |
| 2003 |
1.8 |
| 2004 |
2.0 |
| 2005 |
2.2 |
| 2006 |
2.5 |
| 2007 |
2.9 |
| 2008 |
2.7 |
| 2009 |
2.0 |
| 2010 |
2.3 |
| 2011 |
2.8 |
| 2012 |
2.8 |
| 2013 |
3.1 |
| 2014 |
3.6 |
| 2015 |
3.6 |
| 2016 |
3.6 |
| 2017 |
4.0 |
| 2018 |
4.2 |
| 2019 |
4.3 |
| 2020 |
4.4 |
| 2021 |
5.4 |
| 2022 |
5.1 |
| 2023 |
5.4 |
| 2024 |
5.9 |
Membership
Ratio of Actives to Beneficiaries, 2001-2024
| Fiscal Year |
Kern County Employees Retirement Association |
US State and Local Pensions |
| 2001 |
1.8 |
2.4 |
| 2002 |
1.8 |
2.3 |
| 2003 |
1.7 |
2.2 |
| 2004 |
1.7 |
2.1 |
| 2005 |
1.6 |
2.1 |
| 2006 |
1.6 |
2.0 |
| 2007 |
1.6 |
2.0 |
| 2008 |
1.6 |
1.9 |
| 2009 |
1.5 |
1.9 |
| 2010 |
1.4 |
1.8 |
| 2011 |
1.2 |
1.7 |
| 2012 |
1.2 |
1.6 |
| 2013 |
1.2 |
1.5 |
| 2014 |
1.2 |
1.5 |
| 2015 |
1.1 |
1.5 |
| 2016 |
1.1 |
1.4 |
| 2017 |
1.1 |
1.4 |
| 2018 |
1.1 |
1.4 |
| 2019 |
1.1 |
1.3 |
| 2020 |
1.1 |
1.3 |
| 2021 |
1.0 |
1.2 |
| 2022 |
1.0 |
1.2 |
| 2023 |
1.0 |
1.2 |
| 2024 |
1.1 |
1.2 |
2024 Membership for Kern County Employees Retirement Association
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 10,217 |
9,281 |
4,828 |
24,326 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Kern County Employees Retirement Association
2001-2024
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-24.9 |
1,483.5 |
| 2002 |
-29.7 |
1,436.2 |
| 2003 |
258.8 |
1,782.9 |
| 2004 |
-48.3 |
2,030.7 |
| 2005 |
-42.9 |
2,212.3 |
| 2006 |
-13.8 |
2,458.3 |
| 2007 |
0.7 |
2,912.3 |
| 2008 |
0.4 |
2,711.1 |
| 2009 |
-8.6 |
2,025.2 |
| 2010 |
-15.1 |
2,301.4 |
| 2011 |
-9.1 |
2,795.9 |
| 2012 |
-17.1 |
2,800.0 |
| 2013 |
-14.5 |
3,104.8 |
| 2014 |
-16.2 |
3,576.1 |
| 2015 |
-32.9 |
3,625.1 |
| 2016 |
-26.0 |
3,571.6 |
| 2017 |
-35.3 |
3,962.9 |
| 2018 |
-31.7 |
4,198.9 |
| 2019 |
-67.3 |
4,345.8 |
| 2020 |
-34.8 |
4,438.8 |
| 2021 |
-64.6 |
5,417.5 |
| 2022 |
-66.4 |
5,131.1 |
| 2023 |
-48.8 |
5,386.6 |
| 2024 |
-17.4 |
5,872.4 |
2024 Cash Flows for Kern County Employees Retirement Association (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 423.2 |
440.6 |
503.2 |
485.8 |
Cash Flow as a Percentage of Assets
Kern County Employees Retirement Association
2001-2024
| Fiscal Year |
Kern County Employees Retirement Association |
National Average |
| 2001 |
-1.7 |
-2.1 |
| 2002 |
-2.1 |
-2.2 |
| 2003 |
14.5 |
-2.5 |
| 2004 |
-2.4 |
-2.0 |
| 2005 |
-1.9 |
-2.4 |
| 2006 |
-0.6 |
-2.5 |
| 2007 |
0.0 |
-2.1 |
| 2008 |
0.0 |
-2.4 |
| 2009 |
-0.4 |
-3.2 |
| 2010 |
-0.7 |
-3.2 |
| 2011 |
-0.3 |
-3.1 |
| 2012 |
-0.6 |
-3.3 |
| 2013 |
-0.5 |
-3.2 |
| 2014 |
-0.5 |
-2.9 |
| 2015 |
-0.9 |
-2.8 |
| 2016 |
-0.7 |
-3.0 |
| 2017 |
-0.9 |
-2.9 |
| 2018 |
-0.8 |
-2.6 |
| 2019 |
-1.5 |
-2.6 |
| 2020 |
-0.8 |
-2.4 |
| 2021 |
-1.2 |
-2.1 |
| 2022 |
-1.3 |
-2.1 |
| 2023 |
-0.9 |
-2.1 |
| 2024 |
-0.3 |
-2.1 |