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Nacogdoches County Hospital District Retirement Plan

Overview

Contact Information:
1204 N Mound St
Nacogdoches, TX 75961
http://www.nacmem.org
Phone: (936) 569-4611
Fax: (936) 564-7348

Classification: 810
Year Created:
Fiscal Year-End Month: 6

Total Members : 1,136

  Active Members: 436
  Inactive Members : 448
  Total Annuitants: 252
  (Effective Date: 7/1/2020)

Financials

(Effective Date: 6/30/2020)

Total Net Assets: $44,391,126

Total Assets : $44,391,126
Total Liabilities : $0
Total Additions : $1,918,908
Employer Contributions:
$0
0.00%
Employee Contributions:
$0
0.00%
Other Contributions:
$0
0.00%
Investment Income:
$1,918,908
100.00%
Other Income:
$0
0.00%

Total Deductions  : $3,506,432
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$3,219,703
91.82%
Administrative Expenses:
$286,729
8.18%
Investment Expenses:
$0
0.00%
Other Expenses:
$0
0.00%
Total Contribution Rate: N/A
(Effective Date: 7/1/2020)
Employer: N/A
Employee: N/A

Historical Investment Returns

(Report Date: 6/30/2021)
—  Assumed Rate of Return 7.25%
  • 1-Year Return: 22.63%
  • 3-Year Return: 10.44%
  • 10-Year Return: 8.87%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 7.25%

Actuarial

(Effective Date: 7/1/2020)
Actuarial Value of Assets : $44,391,126
Actuaries often select an asset valuation method that smooth the effects of short‐term volatility in the market value of assets. The actuarial value of assets is intended to give fund managers a more accurate picture of the fund’s ability to cover its liabilities.
Market Value of Assets: $45,649,682
Actuarial Assumption Details

Actuarial Funded Ratio : 93.64%

Market Funded Ratio: 91.05%

Amortization Period (Yrs) : 20
Unfunded Liability : $3,102,425
Unfunded Liability per Member: $2,731

Benefit Tier Details

Eligible Members:
All
Vesting:
5 YCS
Age/YCS:
65/5
Benefit Formula:
Years of Credited Service x 1.75% x Final Average Salary minus 1.50% of expected Social Security benefit x Years of Credited Service (< 33.33 years)
Final Average Salary:
Highest 5 years within final 10 years
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes

Investment Policy Details

Effective Date: 11/1/2013

Asset Class:
Equities
Minimum Allocation:
30%
Maximum Allocation:
60%
Target Allocation:
40%
Asset Class:
Fixed Income
Minimum Allocation:
35%
Maximum Allocation:
60%
Target Allocation:
45%
Asset Class:
Alternative Investments
Minimum Allocation:
0%
Maximum Allocation:
20%
Target Allocation:
15%