Fire & Police Employees Combined Combined Net
Description System System Systems Systems Change
FY 2021 FY 2021 Totals FY 2021 Totals FY 2020
Net Assets Restricted for Pension Benefits 2,090,370,123$ 1,731,237,413$ 3,821,607,536$ 2,996,136,716$ 27.55% Net increase (decrease) in Assets 455,070,310$ 370,400,510$ 825,470,820$ (31,078,016)$ Retirement Benefits Payments 68,027,466$ 67,497,485$ 135,524,951$ 128,611,551$ 5.38% Annualized Investment Returns:
One Year Performance 30.81% 1.62%
Three Years Performance 11.97% 5.32%
Five Year Performance 11.89% 6.23%
Ten Year Performance 9.33% 8.76%
Twenty Year Performance 7.70% 6.01%
Twenty-Five Year Performance 8.37% 7.96%
Asset Allocation Targets:
Domestic Equities - Large Cap 15.80% 15.80%
Domestic Equities - Small Cap 7.20% 7.20%
International Equities - Developed Markets 19.00% 19.00% International Equities - Emerging Markets 6.00% 7.00%
Total Equities 48.00% 49.00%
Fixed Income
Domestic Fixed Income 10.00% 10.00%
High Yield Bonds 5.00% 5.00%
Real Estate
Core Real Estate 11.00% 11.00%
Value Add Real Estate/REITs 4.00% 4.00%
Total Fixed Income & Real Estate 30.00% 30.00%
Alternatives
Infrastructure 4.00% 4.00%
Midstream Energy (MLPs) 5.00% 5.00%
Private Equity 5.00% 4.00%
Private Debt (Includes Direct Lending) 8.00% 8.00%
Total Alternatives 22.00% 21.00%
Total Asset Allocation 100.00% 100.00%
Membership:
Active 1,085 2,313 3,398 3,384 0.41% Retired 1,125 2,129 3,254 3,182 2.26% Inactive Deferred Vested 90 248 338 328 3.05% Totals 2,300 4,690 6,990 6,894 1.39% Contributions
Member Contributions 10,256,470$ 13,749,909$ 24,006,379$ 21,039,350$ 14.10% City Contributions 26,314,815$ 20,144,322$ 46,459,137$ 38,877,947$ 19.50% 3 Member Member City City
Fire and Police Tier 1 5.92% 29.55% 27.77%
Fire and Police Tier 2 9.00% 25.79% 23.29%
Fire and Police Blended City rate net 22.82% 19.59%
Employees System 9.04% 13.03% 11.11%
Actuarial Funding Status:
Actuarial Funding Staus (GASB 25) 121.6% 116.0%
Market Value Funding Status 138.8% 132.7%
Actuarial Assumptions:
Annual Inflation 2.75% 2.75% 2.75%
Annual Investment Assumption 7.00% 7.00% 7.00%
Financial Reporting (GAS 67)
Net Pension Liability % of Total Liability 127.7% 125.5%