Arlington County Employees’ Retirement System remains financially and actuarially sound. The System’s position results from regular contributions from members and Arlington County combined with better than average investment returns over the long term. With $1,963 million in net assets at June 30, 2016, the System remains well positioned to meet its obligations.
Investment performance for fiscal year 2016, which ended June 30, 2016, of 0.3% was below the benchmark return of 1.5% and the average performance of a peer group of public funds of 1.1%. System net assets decreased by $32 million to $1.963 billion for the fiscal year.
The System remains actuarially sound, with a funding ratio of the actuarial value of assets to actuarial accrued liabilities of 99% as of June 30, 2016. Current employer contribution levels from the County are substantial and consistent with funding guidelines provided in the Arlington Code.
The diversification of investments, the funding policy and a long investment horizon positions the System to withstand difficult financial markets. We remain focused on limiting the System’s risk to potential losses. More details can be found in the Comprehensive Annual Financial Report (CAFR) below.
|Fiscal Year 2016 CAFR||Fiscal Year 2015 CAFR|
The quarterly fund performance reports contain a snapshot outlining fund balance, net performance, asset allocation and key updates.
|Retirement Fund Annual Summary|