Plan Data | Public Plans Data

Bismarck Police Plan Basics

Established 1972
Currently open to new hires
Plan covers police and/or fire
Plan members covered by Social Security
Single employer

Assets, Participants, and Benefits

State and local government pension benefits are paid from trust funds to which public employees and their employers contributed while they were working, not from general operating revenues. Trust fund assets are invested and grow over time. The combined value of defined benefit plan assets held by state and local governments as of Q2 2022 decreased to $5.3 trillion, from $5.7 trillion as of Q2 2021 (Federal Reserve Flow of Funds, June 2023). PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Assets at Year-End, Bismarck Police Plan, 2001-2022

Fiscal Year	Net Assets (billions)
2001	0.01
2002	0.01
2003	0.02
2004	0.02
2005	0.02
2006	0.02
2007	0.03
2008	0.02
2009	0.02
2010	0.03
2011	0.03
2012	0.03
2013	0.03
2014	0.03
2015	0.03
2016	0.04
2017	0.04
2018	0.04
2019	0.04
2020	0.05
2021	0.05
2022	0.05

Source: Public Plans Database

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State and local employees make up around 10-15 percent of the US workforce. About a quarter of public sector workers are covered by a public pension in lieu of Social Security, including nearly half of all teachers and over two-thirds of firefighters and public safety officers. Public employees live in every city and county in the nation; more than 90 percent retire in the same jurisdiction where they worked. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Number of Actives per Annuitant, 2001-2022

Fiscal Year	Bismarck Police Plan	US State and Local Pensions
2001	null	2.4
2002	3.1	2.3
2003	3.1	2.2
2004	3.3	2.1
2005	2.9	2.1
2006	2.6	2.0
2007	2.4	2.0
2008	2.4	1.9
2009	2.4	1.9
2010	2.4	1.8
2011	2.1	1.7
2012	2.0	1.6
2013	1.8	1.5
2014	1.6	1.4
2015	1.5	1.4
2016	1.6	1.4
2017	1.6	1.4
2018	1.5	1.3
2019	1.6	1.3
2020	1.6	1.3
2021	1.6	1.2
2022	1.5	1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Membership for Bismarck Police Plan

Actives	Beneficiaries	Total Membership
136	92	252

Source: Public Plans Database

Costs

The Annual Required Contribution (ARC) is the amount needed to finance benefits accrued each year, plus the cost to amortize unfunded liabilities from past years, minus required employee contributions. It is a projection that matches a yearly payment amount to a particular amortization period, taking into consideration an assortment of assumptions adopted by the plan. In practice, all plans do not calculate the ARC in the same manner. Assumptions used to calculate the ARC reflect actual plan experience, including investment return , actuarial cost, salary growth, total payroll growth and mortality, as well as an adopted amortization method. These assumptions and methods will differ from one plan another, so caution should be taken when comparing ARC between plans. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Bismarck Police Plan, 2001-2022

Fiscal Year	Portion of Employer ARC paid	Portion of Employer ARC left unpaid	US Avg Employer ARC	ARC as a Percent of Payroll
2001	2,932.6	2,063.3	13.5	4,995.9
2002	5,848.9	2,554.7	14.9	8,403.6
2003	9,155.0	7,893.4	19.3	17,048.4
2004	16,890.2	0.0	20.1	11,412.3
2005	17,024.1	0.0	24.8	13,919.9
2006	17,643.3	0.0	26.3	10,817.5
2007	18,004.2	0.0	27.8	9,648.5
2008	17,521.2	0.0	30.0	8,673.9
2009	16,485.6	0.0	32.9	16,146.5
2010	12,307.6	2,104.1	33.1	14,411.7
2011	14,059.2	771.2	35.0	14,830.4
2012	13,649.4	0.0	36.8	11,252.6
2013	14,578.2	0.0	37.5	10,109.7
2014	15.2	0.0	34.3	7.7
2015	12.6	0.0	34.4	8.1
2016	12.6	0.0	35.3	11.0
2017	13.7	0.0	34.0	13.0
2018	14.8	0.0	35.1	12.8
2019	14.8	0.8	36.7	15.6
2020	14.8	0.0	35.7	12.3
2021	14.9	0.0	37.3	9.7
2022	16.2	0.0	37.4	6.3

Note: The employer's annual required contribution as a percent of payroll is calculated by dividing the dollar amount reported in the schedule of employer contributions by the covered payroll reported in the schedule of funding. The U.S. Average Employer data reflects the average for plans of similar type and social Security coverage to the plan.

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

While funded ratios among pension plans vary substantially, in the aggregate, public pension funding levels rose steadily during the 1990s, due largely to strong returns in global equity markets. Since then, sharp market downturns in 2000-02 and 2008-09 negatively affected asset values and increased unfunded pension liabilities and required contributions. A combination of the market downturns, insufficient contributions (for some plans), and increased benefit levels (also for some plans) resulted in a decline in aggregate funding level between 2001 and 2012, and has since remained relatively stable.

Actuarial Funded Ratio for Bismarck Police Plan, 2001-2022

Fiscal Year	Bismarck Police Plan	National Data
2001	118.1	101.7
2002	99.0	94.8
2003	106.0	89.0
2004	98.7	87.2
2005	84.5	85.4
2006	91.2	85.3
2007	92.1	86.3
2008	67.1	84.4
2009	71.5	78.4
2010	75.3	75.7
2011	77.9	74.3
2012	82.9	72.3
2013	88.6	71.9
2014	null	73.2
2015	null	73.2
2016	null	71.6
2017	null	72.1
2018	null	72.4
2019	null	72.5
2020	null	72.7
2021	97.7	76.2
2022	79.4	77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

The major asset allocation classes presented in the PPD are generated from the specific asset classes that plans report. For consistent reporting in the PPD, the individual asset classes reported by plans are categorized as one of eight major asset classes: equity, fixed income, real estate, private equity, hedge funds, commodities, misc. alternative assets, cash, and other. For more details on the PPD allocation data please see documentation.

Asset Allocation for Bismarck Police Plan, 2022

Category	Percent
Equities	null
Fixed Income	null
Private Equity	null
Real Estate	null
Cash	null
Other	null
Commodities	null
Hedge Fund	null
Misc. Alternatives	null

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category	Percent
Equities	42.7
Fixed Income	20.8
Private Equity	13.0
Real Estate	10.2
Cash	2.1
Other	0.6
Commodities	2.3
Hedge Fund	6.5
Misc. Alternatives	1.8

Note: The most recent year of data contains virtually all the plans in the PPD.

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Bismarck Police Plan, 2001-2022

Fiscal Year	Equities	Fixed Income	Private Equity	Real Estate	Cash	Other	Commodities	Hedge Fund	Misc. Alternatives
2001	null	null	null	null	null	null	null	null	null
2002	null	null	null	null	null	null	null	null	null
2003	null	null	null	null	null	null	null	null	null
2004	null	null	null	null	null	null	null	null	null
2005	null	null	null	null	null	null	null	null	null
2006	null	null	null	null	null	null	null	null	null
2007	null	null	null	null	null	null	null	null	null
2008	null	null	null	null	null	null	null	null	null
2009	null	null	null	null	null	null	null	null	null
2010	null	null	null	null	null	null	null	null	null
2011	null	null	null	null	null	null	null	null	null
2012	null	null	null	null	null	null	null	null	null
2013	null	null	null	null	null	null	null	null	null
2014	null	null	null	null	null	null	null	null	null
2015	null	null	null	null	null	null	null	null	null
2016	null	null	null	null	null	null	null	null	null
2017	null	null	null	null	null	null	null	null	null
2018	null	null	null	null	null	null	null	null	null
2019	45.9	29.0	5.0	11.9	0.4	0.0	7.8	0.0	0.0
2020	45.8	28.9	5.4	11.9	0.3	0.0	7.7	0.0	0.0
2021	45.9	28.6	5.2	12.0	0.3	0.0	7.9	0.0	0.0
2022	null	null	null	null	null	null	null	null	null

Source: Public Plans Database

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Annual Return as of December 31 for Bismarck Police Plan, 2001-2022

Fiscal Year	Bismarck Police Plan	Assumed return
2001	-2.88	7.50
2002	-9.21	7.50
2003	22.52	7.50
2004	10.51	7.50
2005	10.70	7.50
2006	14.60	7.50
2007	9.70	7.50
2008	-22.40	7.50
2009	13.50	7.50
2010	11.70	7.50
2011	1.90	7.50
2012	13.60	7.50
2013	15.10	7.50
2014	6.30	7.50
2015	0.90	7.50
2016	7.40	7.50
2017	16.00	7.50
2018	-3.00	7.50
2019	4.95	7.50
2020	8.72	7.50
2021	4.83	7.50
2022	-10.06	7.25

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page. The FYE date for the majority of plans is either June 30th or December 31st. Those with FYE dates that do not fall on either of those two dates are compared with the June 30th plans. The PPD average return includes plans that report gross returns and returns net of fees.

Source: Public Plans Database

National data averages are weighted by plan size.

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Annualized 5-Year Return

Bismarck Police Plan	PPD Sample
0.9	8.3

Annualized 10-Year Return

Bismarck Police Plan	PPD Sample
4.8	8.6

Cash Flows

Cash Flow vs. Total Assets (Millions)
Bismarck Police Plan
2001-2022

Fiscal Year	Cash Flow	Assets
2001	0.0	11.3
2002	-0.3	10.0
2003	0.0	16.4
2004	0.4	18.5
2005	0.1	20.4
2006	0.4	23.6
2007	0.3	25.9
2008	0.3	20.2
2009	0.2	23.1
2010	0.0	25.7
2011	-0.1	26.1
2012	-0.2	29.3
2013	-0.5	33.2
2014	-0.6	34.5
2015	-0.8	33.9
2016	-0.9	35.4
2017	-0.8	40.1
2018	-0.7	38.2
2019	null	43.6
2020	-0.7	47.6
2021	-0.8	54.0
2022	-0.7	47.8

Source: Public Plans Database

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2022 Cash Flows for Bismarck Police Plan (millions)

Inflows	Outflows	Investment Gains (losses)	Change in Net Assets
2.4	3.1	-5.4	-6.1

Source: Public Plans Database

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Cash Flow as a Percentage of Assets
Bismarck Police Plan
2001-2022

Fiscal Year	Bismarck Police Plan	National Average
2001	-0.3	-2.2
2002	-3.0	-2.6
2003	0.0	-2.5
2004	2.1	-2.6
2005	0.5	-2.2
2006	1.9	-2.2
2007	1.2	-2.3
2008	1.3	-2.9
2009	0.9	-3.2
2010	0.2	-3.2
2011	-0.2	-3.4
2012	-0.5	-3.3
2013	-1.4	-3.1
2014	-1.6	-2.9
2015	-2.5	-3.1
2016	-2.4	-3.2
2017	-1.9	-2.9
2018	-1.9	-3.1
2019	null	-3.1
2020	-1.5	-2.8
2021	-1.5	-2.5
2022	-1.5	-2.9

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Actuarial Valuation

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Plan Data: Bismarck Police Plan

Bismarck Police Plan Basics

Assets, Participants, and Benefits

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2022 Membership for Bismarck Police Plan

Costs

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Actuarial Funding

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Investments

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Annualized 5-Year Return

Annualized 10-Year Return

Cash Flows

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2022 Cash Flows for Bismarck Police Plan (millions)

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2022 Financial Reports

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