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University Health System Pension Plan

Overview

Contact Information:
4502 Medical Dr
San Antonio, TX 78229
http://www.universityhealthsystem.com
Phone: (210) 358-2218
Fax: None Reported

Classification: 810
Year Created:
Fiscal Year-End Month: 12

Total Members : 12,233

  Active Members: 7,051
  Inactive Members : 3,848
  Total Annuitants: 1,262
  (Effective Date: 12/31/2021)

Financials

(Effective Date: 12/31/2021)

Total Net Assets: $605,035,891

Total Assets : $605,377,949
Total Liabilities : $342,058
Total Additions : $119,450,172
Employer Contributions:
$21,734,000
18.20%
Employee Contributions:
$10,877,323
9.11%
Other Contributions:
$0
0.00%
Investment Income:
$86,838,849
72.70%
Other Income:
$0
0.00%

Total Deductions  : $28,334,588
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$26,270,796
92.72%
Administrative Expenses:
$315,286
1.11%
Investment Expenses:
$1,748,506
6.17%
Other Expenses:
$0
0.00%
Total Contribution Rate: 4.69%
(Effective Date: 1/1/2021)
Employer: 2.58%
Employee: 7.27%

Historical Investment Returns

(Report Date: 12/31/2021)
—  Assumed Rate of Return 7.00%
  • 1-Year Return: 15.80%
  • 3-Year Return: 16.52%
  • 10-Year Return: 10.68%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 7.00%

Actuarial

(Effective Date: 1/1/2021)
Actuarial Value of Assets : $513,920,307
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: $469,590,036
Actuarial Assumption Details

Actuarial Funded Ratio : 74.41%

Market Funded Ratio: 81.44%

Amortization Period (Yrs) : 23
Unfunded Liability : $161,482,245
Unfunded Liability per Member: $13,201

Benefit Tier Details

Eligible Members:
All
Vesting:
5 YCS
Age/YCS:
65/5 or Rule of 85
Benefit Formula:
Years of Credited Service x 1.5% x Final Average Salary
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: 12/31/2014

Asset Class:
Alternative Investments
Minimum Allocation:
N/A
Maximum Allocation:
N/A
Target Allocation:
5%
Asset Class:
Equities
Minimum Allocation:
N/A
Maximum Allocation:
N/A
Target Allocation:
70%
Asset Class:
Fixed Income
Minimum Allocation:
N/A
Maximum Allocation:
N/A
Target Allocation:
25%