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Connecticut Municipal Basics

  • Established 1947
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Connecticut Municipal, 2001-2019

Fiscal Year Net Assets (billions)
2001 1.30
2002 1.19
2003 1.18
2004 1.31
2005 1.40
2006 1.51
2007 1.73
2008 1.63
2009 1.35
2010 1.48
2011 1.70
2012 1.68
2013 1.94
2014 2.22
2015 2.21
2016 2.22
2017 2.45
2018 2.65
2019 2.73

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year Connecticut Municipal US State and Local Pensions
2001 1.8 2.5
2002 1.8 2.4
2003 1.8 2.3
2004 1.7 2.2
2005 1.7 2.1
2006 1.7 2.1
2007 1.7 2.0
2008 1.6 2.0
2009 1.6 1.9
2010 1.5 1.8
2011 1.5 1.7
2012 1.4 1.6
2013 1.4 1.5
2014 1.3 1.5
2015 1.3 1.5
2016 1.3 1.4
2017 1.3 1.4
2018 1.4 1.3
2019 1.2 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Connecticut Municipal, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 5.0 0.0 5.0 5.0
2002 4.8 0.0 4.8 4.8
2003 4.9 0.0 5.7 4.9
2004 4.9 0.0 7.3 4.9
2005 6.2 0.0 9.0 6.2
2006 7.8 0.0 9.3 7.8
2007 10.2 0.0 10.0 10.2
2008 9.4 0.0 10.4 9.4
2009 8.4 0.0 10.2 8.4
2010 9.1 0.0 10.5 9.1
2011 10.8 1.3 12.5 12.1
2012 12.9 0.0 12.9 12.9
2013 24.3 0.0 13.9 24.3
2014 14.2 0.0 14.5 14.2
2015 16.0 0.0 14.9 16.0
2016 14.3 0.0 14.8 14.3
2017 12.7 0.0 15.1 12.7
2018 13.4 0.0 18.1 13.4
2019 null null 18.7 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Connecticut Municipal, 2001-2019

Fiscal Year Connecticut Municipal National Data
2001 109.3 106.5
2002 106.3 101.1
2003 102.9 94.2
2004 102.9 93.1
2005 103.2 91.1
2006 102.5 90.5
2007 103.7 91.2
2008 103.3 90.2
2009 88.9 83.2
2010 88.4 81.5
2011 88.3 80.4
2012 85.0 78.9
2013 87.5 78.7
2014 87.8 79.0
2015 87.8 78.2
2016 86.1 76.3
2017 86.1 76.4
2018 76.7 76.5
2019 75.9 76.3

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.

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Investments

Asset Allocation for Connecticut Municipal, 2019

Category Percent
Equities 40.2
Fixed Income 36.7
Private Equity 6.9
Real Estate 6.4
Cash 1.8
Other 0.0
Commodities 0.0
Hedge Fund 8.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Connecticut Municipal, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 50.6 32.5 12.7 2.3 1.9 0.0 0.0 0.0 0.0
2002 47.6 37.7 12.2 2.5 0.0 0.0 0.0 0.0 0.0
2003 47.2 40.4 10.1 2.3 0.0 0.0 0.0 0.0 0.0
2004 58.3 29.2 8.9 1.8 1.8 0.0 0.0 0.0 0.0
2005 59.9 31.4 6.8 1.9 0.0 0.0 0.0 0.0 0.0
2006 62.9 29.4 6.0 1.7 0.0 0.0 0.0 0.0 0.0
2007 61.1 29.4 6.0 2.6 0.9 0.0 0.0 0.0 0.0
2008 46.3 39.2 7.1 4.1 3.3 0.0 0.0 0.0 0.0
2009 43.5 39.5 8.0 3.8 5.2 0.0 0.0 0.0 0.0
2010 42.7 34.8 9.0 3.5 10.0 0.0 0.0 0.0 0.0
2011 49.4 31.9 8.8 4.7 3.2 0.0 0.0 2.0 0.0
2012 44.6 35.0 10.7 5.7 1.8 0.0 0.0 2.2 0.0
2013 36.9 35.3 10.5 7.3 1.7 0.0 0.0 8.3 0.0
2014 37.6 34.9 10.1 6.9 2.8 0.0 0.0 7.7 0.0
2015 36.3 34.6 10.8 7.3 2.9 0.0 0.0 8.1 0.0
2016 36.5 35.3 10.2 7.2 2.7 0.0 0.0 8.1 0.0
2017 37.5 34.7 10.1 7.0 2.8 0.0 0.0 7.9 0.0
2018 38.5 37.0 8.4 6.3 2.6 0.0 0.0 7.2 0.0
2019 40.2 36.7 6.9 6.4 1.8 0.0 0.0 8.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Connecticut Municipal, 2001-2019

Fiscal Year Connecticut Municipal Assumed return
2001 -3.68 null
2002 -6.39 null
2003 2.49 null
2004 14.28 null
2005 10.10 null
2006 9.87 8.50
2007 16.96 8.50
2008 -4.11 8.25
2009 -14.90 8.25
2010 12.57 8.25
2011 17.87 8.25
2012 0.47 8.00
2013 9.60 8.00
2014 13.58 8.00
2015 2.57 8.00
2016 1.15 8.00
2017 13.05 8.00
2018 6.14 7.00
2019 6.00 6.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Connecticut Municipal
2001-2019

Fiscal Year Cash Flow Assets
2001 -28.4 1,300.3
2002 -30.8 1,187.3
2003 -33.2 1,177.3
2004 -36.4 1,306.9
2005 -37.2 1,400.0
2006 -32.4 1,509.1
2007 -27.9 1,729.3
2008 -28.2 1,632.0
2009 -39.8 1,348.8
2010 -41.9 1,479.2
2011 -32.9 1,704.6
2012 -31.6 1,683.4
2013 19.3 1,941.7
2014 46.1 2,218.7
2015 -10.4 2,208.1
2016 -26.1 2,217.3
2017 -56.3 2,449.2
2018 37.3 2,646.9
2019 -72.4 2,731.2

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Connecticut Municipal
2001-2019

Fiscal Year Connecticut Municipal National Average
2001 -2.2 -2.3
2002 -2.6 -2.3
2003 -2.8 -2.6
2004 -2.8 -1.7
2005 -2.7 -1.9
2006 -2.1 -1.9
2007 -1.6 -1.7
2008 -1.7 -1.9
2009 -3.0 -2.7
2010 -2.8 -2.9
2011 -1.9 -2.8
2012 -1.9 -3.1
2013 1.0 -3.0
2014 2.1 -2.7
2015 -0.5 -2.8
2016 -1.2 -3.0
2017 -2.3 -2.9
2018 1.4 -2.4
2019 -2.7 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Connecticut Municipal benefit descriptions.