The City of Phoenix ERS administers pension, disability, and survivors benefits for city employees except those eligible for membership in the state system for public safety personnel.
Phoenix Employees' Retirement System Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Phoenix ERS |
3,242.7 |
16,827 |
| Other Plans |
0 |
0 |
| Total |
3,242.7 |
16,827 |
Source: Public Plans Database (as of 2022)
Note: Phoenix Employees' Retirement System has 0 other plans.
Assets
Assets at Year-End
Phoenix Employees' Retirement System
2001-2022
| 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 |
| 2020 |
2.7 |
| 2021 |
3.4 |
| 2022 |
3.2 |
Membership
Ratio of Actives to Beneficiaries, 2001-2022
| Fiscal Year |
Phoenix Employees' Retirement System |
US State and Local Pensions |
| 2001 |
2.6 |
2.4 |
| 2002 |
2.6 |
2.3 |
| 2003 |
2.5 |
2.2 |
| 2004 |
2.4 |
2.1 |
| 2005 |
2.3 |
2.1 |
| 2006 |
2.3 |
2.0 |
| 2007 |
2.3 |
2.0 |
| 2008 |
2.2 |
1.9 |
| 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 |
1.4 |
| 2015 |
1.1 |
1.4 |
| 2016 |
1.1 |
1.4 |
| 2017 |
1.2 |
1.4 |
| 2018 |
1.1 |
1.3 |
| 2019 |
1.1 |
1.3 |
| 2020 |
1.1 |
1.3 |
| 2021 |
1.1 |
1.2 |
| 2022 |
1.0 |
1.2 |
2022 Membership for Phoenix Employees' Retirement System
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 7,938 |
7,780 |
1,109 |
16,827 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Phoenix Employees' Retirement System
2001-2022
| 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 |
| 2020 |
-29.4 |
2,681.2 |
| 2021 |
146.3 |
3,438.0 |
| 2022 |
-33.6 |
3,242.7 |
2022 Cash Flows for Phoenix Employees' Retirement System (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 233.8 |
267.3 |
-161.8 |
-195.3 |
Cash Flow as a Percentage of Assets
Phoenix Employees' Retirement System
2001-2022
| Fiscal Year |
Phoenix Employees' Retirement System |
National Average |
| 2001 |
-1.2 |
-2.1 |
| 2002 |
-1.1 |
-2.4 |
| 2003 |
-1.5 |
-2.6 |
| 2004 |
-1.1 |
-2.0 |
| 2005 |
-1.1 |
-2.2 |
| 2006 |
-0.8 |
-2.2 |
| 2007 |
-0.6 |
-2.1 |
| 2008 |
-0.8 |
-2.3 |
| 2009 |
-1.8 |
-3.1 |
| 2010 |
-1.1 |
-3.2 |
| 2011 |
-1.5 |
-3.1 |
| 2012 |
-1.3 |
-3.3 |
| 2013 |
-1.6 |
-3.1 |
| 2014 |
-1.6 |
-2.9 |
| 2015 |
-2.7 |
-2.8 |
| 2016 |
-3.1 |
-3.0 |
| 2017 |
-1.7 |
-2.9 |
| 2018 |
1.3 |
-2.6 |
| 2019 |
-1.4 |
-2.6 |
| 2020 |
-1.1 |
-2.4 |
| 2021 |
4.3 |
-2.1 |
| 2022 |
-1.0 |
-2.1 |
