Retirement System Data: Kern County Employees Retirement Association

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Kern County Employees Retirement Association Basics, by Plan

Plan Assets (millions) Total Members
Kern County ERS 5,386.6 23,104
Other Plans 0 0
Total 5,386.6 23,104

Source: Public Plans Database (as of 2023)

Note: Kern County Employees Retirement Association has 0 other plans.

Assets

Assets at Year-End
Kern County Employees Retirement Association
2001-2023

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

Source: Public Plans Database

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Membership

Ratio of Actives to Beneficiaries, 2001-2023

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 1.4
2015 1.1 1.4
2016 1.1 1.4
2017 1.1 1.4
2018 1.1 1.3
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

Source: Public Plans Database

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2023 Membership for Kern County Employees Retirement Association

Actives Beneficiaries Inactive Vested Total Membership # of Participating Employers
9,557 9,156 4,391 23,104 1

Source: Public Plans Database

Cash Flows

Cash Flow vs. Total Assets (Millions)
Kern County Employees Retirement Association
2001-2023

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

Source: Public Plans Database

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2023 Cash Flows for Kern County Employees Retirement Association (millions)

Inflows Outflows Investment Gains (losses) Change in Net Assets
376.4 425.1 304.2 255.5

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Kern County Employees Retirement Association
2001-2023

Fiscal Year Kern County Employees Retirement Association National Average
2001 -1.7 -2.1
2002 -2.1 -2.0
2003 14.5 -2.5
2004 -2.4 -2.0
2005 -1.9 -2.2
2006 -0.6 -2.2
2007 0.0 -2.1
2008 0.0 -2.3
2009 -0.4 -3.1
2010 -0.7 -3.2
2011 -0.3 -3.1
2012 -0.6 -3.3
2013 -0.5 -3.1
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

Source: Public Plans Database

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