Fire & Police Employees Combined Combined Net
Description System System Systems Systems Change
FY 2024 FY 2024 Totals FY 2024 Totals FY 2023
Net Assets Restricted for Pension Benefits2,203,370,816$ 1,815,104,966$ 4,018,475,782$ 3,729,149,837$ 7.76% Net increase (decrease) in Assets 157,533,929$ 131,792,016$ 289,325,945$ 275,885,161$ Retirement Benefits Payments 86,681,263$ 81,555,616$ 168,236,879$ 153,686,681$ 9.47% Annualized Investment Returns:
One Year Performance 10.59% 9.77%
Three Years Performance 4.06% 10.05%
Five Year Performance 8.42% 7.42%
Ten Year Performance 7.49% 8.15%
Twenty Year Performance 7.57% 7.90%
Twenty-Five Year Performance 6.89% 6.96%
Asset Allocation Targets:
Equities
Domestic Equities 22.50% 24.00%
International Equities 18.00% 20.00%
Private Equities 6.50% 5.00%
Total Equities 47.00% 49.00%
Rates/Credit
Core Fixed Income 13.00% 13.00%
High Yield Fixed Income 0.00% 0.00%
Private Debt/Credit 14.00% 12.00%
Total Rates/Credit 27.00% 25.00%
Real Assets
Core Real Estate 9.00% 10.00%
Non-Core Real Estate 6.00% 5.00%
Infrastructure 7.00% 7.00%
Total Real Assets 22.00% 22.00%
Multi-Asset
Alternative Credit 4.00% 4.00%
Midstream Energy 0.00% 0.00%
Total Multi-Assets 4.00% 4.00%
Short-Term Investments 0.00% 0.00%
Total Asset Allocation 100.00% 100.00%
Membership:
Active 1,226 2,967 4,193 3,897 7.60% Retired 1,220 2,303 3,523 3,413 3.22% Inactive Deferred Vested 71 240 311 275 13.09% Totals 2,517 5,510 8,027 7,585 5.83% Contributions
Member Contributions 13,107,833 $ 18,833,018$ 31,940,851$ 26,948,023$ 18.53% City Contributions 30,635,176 $ 28,621,359$ 59,256,535$ 49,304,052$ 20.19% City/Member Normal Contribution rates:Member Member City City Fire and Police Tier 1 6.22% 30.25% 29.80%
Fire and Police Tier 2 9.00% 25.47% 25.35%
Fire and Police Blended City rate net 21.08% 20.34%
Employees System 8.90% 13.38% 11.97%
Actuarial Funding Status:
Actuarial Funding Staus 114.9% 109.8%
Market Value Funding Status 118.0% 112.8%
Actuarial Assumptions:
Annual Inflation 2.50% 2.50% 2.50%
Annual Investment Assumption 6.75% 6.75% 6.75%
Financial Reporting (GAS 67)
Net Pension Liability % of Total Liability 110.4% 108.4%