Providence Employees Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Providence ERS |
453.6 |
6,940 |
| Other Plans |
0 |
0 |
| Total |
453.6 |
6,940 |
Source: Public Plans Database (as of 2023)
Note: Providence Employees Retirement System has 0 other plans.
Assets
Assets at Year-End
Providence Employees Retirement System
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
0.3 |
| 2002 |
0.3 |
| 2003 |
0.3 |
| 2004 |
0.3 |
| 2005 |
0.3 |
| 2006 |
0.4 |
| 2007 |
0.4 |
| 2008 |
0.4 |
| 2009 |
0.3 |
| 2010 |
0.3 |
| 2011 |
0.4 |
| 2012 |
0.3 |
| 2013 |
0.3 |
| 2014 |
0.4 |
| 2015 |
0.4 |
| 2016 |
0.3 |
| 2017 |
0.3 |
| 2018 |
0.4 |
| 2019 |
0.4 |
| 2020 |
0.4 |
| 2021 |
0.4 |
| 2022 |
0.4 |
| 2023 |
0.5 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Providence Employees Retirement System |
US State and Local Pensions |
| 2001 |
1.2 |
2.4 |
| 2002 |
1.1 |
2.3 |
| 2003 |
1.1 |
2.2 |
| 2004 |
1.0 |
2.1 |
| 2005 |
1.0 |
2.1 |
| 2006 |
1.1 |
2.0 |
| 2007 |
1.1 |
2.0 |
| 2008 |
1.0 |
1.9 |
| 2009 |
1.0 |
1.9 |
| 2010 |
1.0 |
1.8 |
| 2011 |
1.0 |
1.7 |
| 2012 |
null |
1.6 |
| 2013 |
1.0 |
1.5 |
| 2014 |
1.0 |
1.4 |
| 2015 |
1.0 |
1.4 |
| 2016 |
0.9 |
1.4 |
| 2017 |
0.9 |
1.4 |
| 2018 |
0.9 |
1.3 |
| 2019 |
0.9 |
1.3 |
| 2020 |
1.0 |
1.3 |
| 2021 |
0.9 |
1.2 |
| 2022 |
0.9 |
1.2 |
| 2023 |
0.9 |
1.2 |
2023 Membership for Providence Employees Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 3,055 |
3,268 |
617 |
6,940 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Providence Employees Retirement System
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-23.2 |
322.2 |
| 2002 |
-18.2 |
296.4 |
| 2003 |
-14.3 |
284.1 |
| 2004 |
-13.0 |
325.2 |
| 2005 |
-13.1 |
336.5 |
| 2006 |
-7.6 |
363.3 |
| 2007 |
-12.6 |
410.8 |
| 2008 |
-20.5 |
358.8 |
| 2009 |
-13.9 |
303.0 |
| 2010 |
-22.4 |
316.1 |
| 2011 |
-22.3 |
362.6 |
| 2012 |
-41.9 |
326.5 |
| 2013 |
-27.9 |
335.8 |
| 2014 |
-25.1 |
357.7 |
| 2015 |
-22.5 |
351.1 |
| 2016 |
-25.6 |
333.3 |
| 2017 |
-19.6 |
348.6 |
| 2018 |
-13.7 |
359.0 |
| 2019 |
-7.0 |
367.3 |
| 2020 |
-1.7 |
360.6 |
| 2021 |
-3.9 |
439.4 |
| 2022 |
2.5 |
402.1 |
| 2023 |
11.7 |
453.6 |
2023 Cash Flows for Providence Employees Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 117.2 |
105.5 |
39.8 |
51.5 |
Cash Flow as a Percentage of Assets
Providence Employees Retirement System
2001-2023
| Fiscal Year |
Providence Employees Retirement System |
National Average |
| 2001 |
-7.2 |
-2.1 |
| 2002 |
-6.1 |
-2.0 |
| 2003 |
-5.0 |
-2.5 |
| 2004 |
-4.0 |
-2.0 |
| 2005 |
-3.9 |
-2.2 |
| 2006 |
-2.1 |
-2.2 |
| 2007 |
-3.1 |
-2.1 |
| 2008 |
-5.7 |
-2.3 |
| 2009 |
-4.6 |
-3.1 |
| 2010 |
-7.1 |
-3.2 |
| 2011 |
-6.1 |
-3.1 |
| 2012 |
-12.8 |
-3.3 |
| 2013 |
-8.3 |
-3.1 |
| 2014 |
-7.0 |
-2.9 |
| 2015 |
-6.4 |
-2.8 |
| 2016 |
-7.7 |
-3.0 |
| 2017 |
-5.6 |
-2.9 |
| 2018 |
-3.8 |
-2.6 |
| 2019 |
-1.9 |
-2.6 |
| 2020 |
-0.5 |
-2.4 |
| 2021 |
-0.9 |
-2.1 |
| 2022 |
0.6 |
-2.1 |
| 2023 |
2.6 |
-2.1 |
