St. Paul Teachers Basics

  • Established 1909
  • Currently open to new hires
  • Plan covers teachers
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, St. Paul Teachers, 2001-2018

Fiscal Year Net Assets (billions)
2001 0.8
2002 0.8
2003 0.8
2004 0.9
2005 0.9
2006 1.0
2007 1.2
2008 1.0
2009 0.8
2010 0.8
2011 1.0
2012 0.9
2013 0.9
2014 1.0
2015 1.0
2016 1.0
2017 1.0
2018 1.1

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year St. Paul Teachers US State and Local Pensions
2001 2.3 2.4
2002 2.0 2.4
2003 1.9 2.3
2004 1.9 2.2
2005 1.7 2.1
2006 1.6 2.1
2007 1.4 2.0
2008 1.4 2.0
2009 1.3 1.9
2010 1.2 1.8
2011 1.1 1.7
2012 1.2 1.6
2013 1.2 1.5
2014 1.1 1.5
2015 0.9 1.4
2016 0.9 1.4
2017 0.9 1.4
2018 0.9 1.4

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for St. Paul Teachers, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 11.6 0.0 5.9 10.1 10.1
2002 12.0 0.0 5.5 8.6 8.6
2003 11.4 0.3 6.3 11.6 11.6
2004 10.7 3.2 7.8 13.9 13.9
2005 10.7 4.9 9.5 15.5 15.5
2006 10.6 7.2 10.5 17.8 17.8
2007 10.5 8.2 11.4 18.7 18.7
2008 10.3 7.3 11.9 17.6 17.6
2009 10.2 1.7 12.2 11.9 11.9
2010 10.5 2.2 14.7 12.6 12.6
2011 10.5 3.6 16.7 14.1 14.1
2012 10.5 2.0 17.7 12.5 12.5
2013 10.7 6.1 19.0 16.7 16.7
2014 13.6 2.2 19.8 15.8 15.8
2015 13.9 1.4 20.3 15.3 15.3
2016 14.4 0.7 20.3 15.1 15.1
2017 14.5 0.3 20.4 14.8 14.8
2018 15.0 0.0 21.1 14.5 14.5

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for St. Paul Teachers, 2001-2018

Fiscal Year St. Paul Teachers National Data
2001 81.9 105.5
2002 78.8 96.9
2003 75.6 93.1
2004 71.8 89.4
2005 69.7 85.5
2006 69.1 84.8
2007 73.0 85.3
2008 75.1 83.7
2009 72.2 78.6
2010 68.1 75.5
2011 70.0 72.8
2012 62.0 69.9
2013 60.4 68.9
2014 61.8 70.5
2015 62.6 70.7
2016 63.3 70.2
2017 64.5 70.8
2018 63.7 72.0

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for St. Paul Teachers, 2018

Category Percent
Equities 60.4
Fixed Income 15.2
Private Equity 5.3
Real Estate 0.0
Cash 2.7
Other 0.0
Commodities 11.1
Hedge Fund 2.7
Misc. Alternatives 2.7

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.3
Fixed Income 22.2
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for St. Paul Teachers, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 70.1 27.8 0.0 0.0 1.5 0.0 0.0 0.0 0.6
2002 66.8 31.1 0.0 0.0 1.6 0.0 0.0 0.0 0.5
2003 66.8 31.4 0.0 0.0 1.6 0.0 0.0 0.0 0.2
2004 71.5 25.4 0.0 0.0 1.0 0.0 0.0 0.0 2.1
2005 72.0 18.8 0.0 8.4 0.3 0.0 0.0 0.0 0.5
2006 72.3 16.8 0.0 8.9 1.3 0.0 0.0 0.0 0.6
2007 72.9 17.2 0.0 8.2 0.3 0.3 0.0 0.0 1.1
2008 68.7 21.0 0.0 8.7 0.4 0.0 0.0 0.0 1.1
2009 71.9 17.7 0.0 8.0 1.1 0.0 0.0 0.0 1.4
2010 66.6 20.6 0.0 8.4 2.4 0.0 0.0 0.0 2.0
2011 71.2 15.9 0.0 8.7 1.9 0.6 0.0 0.0 1.6
2012 67.7 18.1 0.0 10.4 1.9 0.6 0.0 0.0 1.2
2013 68.2 16.8 1.4 10.2 0.9 0.0 0.0 2.6 0.0
2014 65.6 20.0 1.5 0.0 0.8 0.0 9.4 2.6 0.0
2015 60.4 20.3 2.6 0.0 1.3 0.0 12.6 1.8 1.0
2016 57.8 17.1 3.5 0.0 4.0 0.0 13.1 2.3 2.1
2017 59.7 16.9 4.3 0.0 1.9 0.0 11.5 3.0 2.7
2018 60.4 15.2 5.3 0.0 2.7 0.0 11.1 2.7 2.7

Source: Public Plans Database


Annual Return as of June 30 for St. Paul Teachers, 2001-2018

Fiscal Year St. Paul Teachers Assumed return
2001 -2.35 8.50
2002 -3.65 8.50
2003 2.90 8.50
2004 20.09 8.50
2005 12.09 8.50
2006 12.60 8.50
2007 19.80 8.50
2008 -6.60 8.50
2009 -18.80 8.50
2010 13.40 8.50
2011 25.01 8.50
2012 0.15 8.00
2013 13.50 8.00
2014 18.50 8.00
2015 2.65 8.00
2016 0.34 8.00
2017 13.93 8.00
2018 9.75 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
St. Paul Teachers
2001-2018

Fiscal Year Cash Flow Assets
2001 -17.9 824.2
2002 -21.2 768.9
2003 -27.2 757.6
2004 -31.3 871.9
2005 -36.7 934.7
2006 -42.7 1,005.7
2007 -47.4 1,156.0
2008 -52.6 1,023.6
2009 -54.9 773.3
2010 -58.0 815.3
2011 -60.1 950.1
2012 -64.2 881.9
2013 -63.6 933.1
2014 -55.8 1,045.4
2015 -56.2 1,015.0
2016 -56.8 959.7
2017 -56.1 1,032.2
2018 -57.6 1,070.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
St. Paul Teachers
2001-2018

Fiscal Year St. Paul Teachers National Average
2001 -2.2 -2.4
2002 -2.8 -3.3
2003 -3.6 -3.6
2004 -3.6 -3.4
2005 -3.9 -3.5
2006 -4.2 -3.3
2007 -4.1 -3.1
2008 -5.1 -4.0
2009 -7.1 -4.9
2010 -7.1 -4.9
2011 -6.3 -4.2
2012 -7.3 -4.3
2013 -6.8 -4.3
2014 -5.3 -3.4
2015 -5.5 -3.2
2016 -5.9 -3.5
2017 -5.4 -3.3
2018 -5.4 -3.1

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for St. Paul Teachers benefit descriptions.