URS administers pension and other benefits for substantially all public employees in the state. The system maintains a contributory and a noncontributory plan for state employees, teachers, and employees of political subdivisions, and plans for law enforcement personnel, firefighters, judges, and the governor and legislators. The system also maintains a 401k and 457 plan. More than 85% of active members belong to the Noncontributory Plan.
Utah Retirement Systems Basics, by Plan
Source: Public Plans Database (as of 2022)
Note: Utah Retirement Systems has 7 other plans.
Assets
Assets at Year-End
Utah Retirement Systems
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
12.6 |
| 2002 |
11.5 |
| 2003 |
14.2 |
| 2004 |
16.1 |
| 2005 |
17.5 |
| 2006 |
19.8 |
| 2007 |
21.0 |
| 2008 |
15.9 |
| 2009 |
17.7 |
| 2010 |
19.8 |
| 2011 |
20.0 |
| 2012 |
22.2 |
| 2013 |
25.0 |
| 2014 |
26.6 |
| 2015 |
26.7 |
| 2016 |
28.5 |
| 2017 |
31.9 |
| 2018 |
31.3 |
| 2019 |
35.2 |
| 2020 |
39.0 |
| 2021 |
45.1 |
| 2022 |
42.1 |
| 2023 |
45.3 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Utah Retirement Systems |
US State and Local Pensions |
| 2001 |
3.0 |
2.4 |
| 2002 |
3.0 |
2.3 |
| 2003 |
2.9 |
2.2 |
| 2004 |
2.8 |
2.1 |
| 2005 |
2.7 |
2.1 |
| 2006 |
2.6 |
2.0 |
| 2007 |
2.5 |
2.0 |
| 2008 |
2.5 |
1.9 |
| 2009 |
2.4 |
1.9 |
| 2010 |
2.3 |
1.8 |
| 2011 |
2.2 |
1.7 |
| 2012 |
2.1 |
1.6 |
| 2013 |
1.9 |
1.5 |
| 2014 |
1.8 |
1.4 |
| 2015 |
1.7 |
1.4 |
| 2016 |
1.6 |
1.4 |
| 2017 |
1.5 |
1.4 |
| 2018 |
1.4 |
1.3 |
| 2019 |
1.4 |
1.3 |
| 2020 |
1.3 |
1.3 |
| 2021 |
1.3 |
1.2 |
| 2022 |
1.3 |
1.2 |
| 2023 |
1.3 |
1.2 |
2023 Membership for Utah Retirement Systems
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 100,665 |
80,391 |
62,109 |
243,165 |
1,400 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Utah Retirement Systems
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
-40.1 |
12,581.5 |
| 2002 |
-137.9 |
11,460.5 |
| 2003 |
-177.4 |
14,249.1 |
| 2004 |
-125.4 |
16,084.1 |
| 2005 |
-142.0 |
17,458.1 |
| 2006 |
-153.0 |
19,829.6 |
| 2007 |
-194.7 |
20,950.7 |
| 2008 |
-216.3 |
15,886.1 |
| 2009 |
-300.5 |
17,717.8 |
| 2010 |
-297.0 |
19,756.1 |
| 2011 |
-343.1 |
19,952.9 |
| 2012 |
-370.6 |
22,150.6 |
| 2013 |
-384.9 |
25,034.3 |
| 2014 |
-351.4 |
26,569.1 |
| 2015 |
-385.6 |
26,686.8 |
| 2016 |
-401.1 |
28,544.3 |
| 2017 |
-451.0 |
31,878.6 |
| 2018 |
-528.7 |
31,259.5 |
| 2019 |
-527.0 |
35,198.6 |
| 2020 |
-599.5 |
38,996.4 |
| 2021 |
-631.9 |
45,052.7 |
| 2022 |
-690.4 |
42,074.5 |
| 2023 |
-687.5 |
45,302.7 |
2023 Cash Flows for Utah Retirement Systems (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 1,617.1 |
2,304.6 |
3,915.7 |
3,228.1 |
Cash Flow as a Percentage of Assets
Utah Retirement Systems
2001-2023
| Fiscal Year |
Utah Retirement Systems |
National Average |
| 2001 |
-0.3 |
-2.1 |
| 2002 |
-1.2 |
-2.0 |
| 2003 |
-1.2 |
-2.5 |
| 2004 |
-0.8 |
-2.0 |
| 2005 |
-0.8 |
-2.2 |
| 2006 |
-0.8 |
-2.2 |
| 2007 |
-0.9 |
-2.1 |
| 2008 |
-1.4 |
-2.3 |
| 2009 |
-1.7 |
-3.1 |
| 2010 |
-1.5 |
-3.2 |
| 2011 |
-1.7 |
-3.1 |
| 2012 |
-1.7 |
-3.3 |
| 2013 |
-1.5 |
-3.1 |
| 2014 |
-1.3 |
-2.9 |
| 2015 |
-1.4 |
-2.8 |
| 2016 |
-1.4 |
-3.0 |
| 2017 |
-1.4 |
-2.9 |
| 2018 |
-1.7 |
-2.6 |
| 2019 |
-1.5 |
-2.6 |
| 2020 |
-1.5 |
-2.4 |
| 2021 |
-1.4 |
-2.1 |
| 2022 |
-1.6 |
-2.1 |
| 2023 |
-1.5 |
-2.1 |
