Fire & Police Employees Combined Combined Net
Description System System Systems Systems Change
FY 2022 FY 2022 Totals FY 2022 Totals FY 2021
Net Assets Restricted for Pension Benefits 1,891,077,196$ 1,562,187,480$ 3,453,264,676$ 3,821,607,536$ (9.64%) Net increase (decrease) in Assets (199,292,927)$ (169,049,933)$ (368,342,860)$ 825,470,820$ Retirement Benefits Payments 72,785,132$ 70,239,143$ 143,024,275$ 135,524,951$ 5.53% Annualized Investment Returns:
One Year Performance (7.18%) 30.81%
Three Years Performance 7.26% 11.97%
Five Year Performance 7.24% 11.89%
Ten Year Performance 8.53% 9.33%
Twenty Year Performance 7.63% 7.70%
Twenty-Five Year Performance 7.35% 8.37%
Asset Allocation Targets:
Domestic Equities - Large Cap 25.00% 15.80%
Domestic Equities - Small Cap - 7.20%
International Equities - Developed Markets 23.00% 19.00% International Equities - Emerging Markets - 6.00%
Total Equities 48.00% 48.00%
Fixed Income
Domestic Fixed Income 13.00% 10.00%
High Yield Bonds 3.00% 5.00%
Real Estate
Core Real Estate 10.00% 11.00%
Value Add Real Estate/REITs 4.00% 4.00%
Total Fixed Income & Real Estate 30.00% 30.00%
Alternatives
Infrastructure 5.00% 4.00%
Midstream Energy (MLPs) 4.00% 5.00%
Private Equity 3.00% 5.00%
Private Debt (Includes Direct Lending) 10.00% 8.00%
Total Alternatives 22.00% 22.00%
Total Asset Allocation 100.00% 100.00%
Membership:
Active 1,136 2,435 3,571 3,398 5.09% Retired 1,154 2,167 3,321 3,254 2.06% Inactive Deferred Vested 58 202 260 338 (23.08%) Totals 2,348 4,804 7,152 6,990 2.32% Contributions
Member Contributions 10,973,174$ 15,492,662$ 26,465,836$ 24,006,379$ 10.25% City Contributions 27,555,587$ 22,016,525$ 49,572,112$ 46,459,137$ 6.70% City/Member Normal Contribution rates: Member Member City City Fire and Police Tier 1 5.91% 28.76% 29.55%
Fire and Police Tier 2 9.00% 25.27% 25.79%
Fire and Police Blended City rate net 22.56% 22.82%
Employees System 9.49% 13.35% 13.03%
Actuarial Funding Status:
Actuarial Funding Staus (GASB 25) 120.5% 114.0%
Market Value Funding Status 116.5% 110.1%
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 108.9% 106.1%