Colorado Municipal Basics

  • Established 1931
  • Currently open to new hires
  • Plan covers local employees
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Colorado Municipal, 2001-2018

Fiscal Year Net Assets (billions)
2001 1.6
2002 1.4
2003 1.8
2004 2.1
2005 2.4
2006 2.8
2007 3.0
2008 2.2
2009 2.6
2010 2.9
2011 2.9
2012 3.2
2013 3.5
2014 3.8
2015 3.7
2016 3.8
2017 4.3
2018 4.0

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Colorado Municipal US State and Local Pensions
2001 4.4 3.1
2002 4.3 2.9
2003 4.0 2.5
2004 4.6 2.5
2005 4.3 2.5
2006 4.2 2.4
2007 4.1 2.3
2008 4.0 2.2
2009 3.4 2.1
2010 3.2 1.8
2011 3.0 1.7
2012 2.1 1.7
2013 1.9 1.6
2014 1.9 1.5
2015 1.8 1.5
2016 1.8 1.5
2017 1.7 1.5
2018 1.7 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 Colorado Municipal, 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 5.8 0.0 9.5 5.8 5.8
2002 4.6 0.0 10.1 4.6 4.6
2003 6.6 3.0 10.4 9.5 9.5
2004 8.7 5.3 11.1 14.0 14.0
2005 9.0 5.1 12.1 14.1 14.1
2006 9.5 1.7 12.3 11.2 11.2
2007 10.0 1.9 11.6 12.0 12.0
2008 10.9 0.2 10.1 11.1 11.1
2009 11.8 0.5 11.5 12.3 12.3
2010 12.4 0.0 12.8 12.3 12.3
2011 12.5 0.0 13.6 9.0 9.0
2012 16.0 0.0 14.4 9.8 9.8
2013 12.3 0.0 16.7 10.6 10.6
2014 47.1 0.0 16.5 12.2 12.2
2015 12.5 1.5 17.0 14.1 14.1
2016 12.4 0.1 17.0 12.5 12.5
2017 12.5 0.0 14.3 12.5 12.5
2018 12.3 2.5 14.7 14.8 14.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Colorado Municipal, 2001-2018

Fiscal Year Colorado Municipal National Data
2001 104.3 98.7
2002 93.6 85.4
2003 80.2 83.7
2004 77.2 84.1
2005 78.0 83.5
2006 79.5 86.8
2007 81.2 89.5
2008 76.4 77.0
2009 76.2 73.3
2010 73.0 75.5
2011 69.3 73.4
2012 74.5 74.9
2013 73.1 75.4
2014 78.7 77.4
2015 79.0 79.1
2016 74.4 76.5
2017 79.5 77.6
2018 77.7 75.6

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 Colorado Municipal, 2018

Category Percent
Equities 53.4
Fixed Income 24.0
Private Equity 8.8
Real Estate 9.6
Cash 0.6
Other 0.0
Commodities 0.0
Hedge Fund 3.6
Misc. Alternatives 0.0

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 Colorado Municipal, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 65.8 10.4 10.7 9.9 2.3 0.0 0.9 0.0 0.0
2002 61.0 12.8 11.1 11.2 2.7 0.0 1.2 0.0 0.0
2003 58.8 18.7 11.1 8.4 2.0 0.0 1.0 0.0 0.0
2004 58.2 20.5 10.2 7.3 2.8 0.0 1.0 0.0 0.0
2005 60.2 23.4 8.6 6.1 0.6 0.0 1.1 0.0 0.0
2006 59.5 23.5 8.3 6.9 0.7 0.0 1.1 0.0 0.0
2007 59.0 23.9 7.7 7.6 0.7 0.0 1.1 0.0 0.0
2008 51.6 26.6 8.9 8.9 2.5 0.0 0.0 1.5 0.0
2009 58.9 22.4 9.6 6.0 1.2 0.0 0.0 1.9 0.0
2010 57.7 22.9 9.3 7.0 0.6 0.0 0.0 2.1 0.0
2011 55.5 23.6 9.3 8.6 0.9 0.0 0.0 2.1 0.0
2012 56.5 23.3 8.7 8.1 0.9 0.0 0.0 2.5 0.0
2013 58.4 23.4 7.8 7.1 0.8 0.0 0.0 2.5 0.0
2014 56.5 24.9 7.8 7.4 0.9 0.0 0.0 2.5 0.0
2015 55.5 24.7 8.2 8.6 0.8 0.0 0.0 2.2 0.0
2016 55.9 22.7 8.4 9.0 1.4 0.0 0.0 2.6 0.0
2017 57.7 21.9 8.0 8.6 0.4 0.0 0.0 3.4 0.0
2018 53.4 24.0 8.8 9.6 0.6 0.0 0.0 3.6 0.0

Source: Public Plans Database


Annual Return as of December 31 for Colorado Municipal, 2001-2018

Fiscal Year Colorado Municipal Assumed return
2001 -7.70 8.75
2002 -11.79 8.75
2003 24.06 8.50
2004 14.10 8.50
2005 9.80 8.50
2006 15.70 8.50
2007 10.00 8.50
2008 -26.00 8.50
2009 17.40 8.00
2010 14.00 8.00
2011 1.90 8.00
2012 12.90 8.00
2013 15.60 7.50
2014 5.70 7.50
2015 1.50 7.50
2016 7.30 7.25
2017 18.10 7.25
2018 -3.50 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Colorado Municipal
2001-2018

Fiscal Year Cash Flow Assets
2001 2.9 1,601.9
2002 17.7 1,422.9
2003 54.7 1,819.2
2004 13.0 2,087.7
2005 83.7 2,377.5
2006 4.4 2,751.1
2007 -11.8 3,014.3
2008 -13.8 2,221.6
2009 -28.7 2,574.3
2010 -46.7 2,883.5
2011 -53.2 2,883.5
2012 -88.5 3,166.1
2013 -140.1 3,508.3
2014 42.7 3,751.5
2015 -147.3 3,660.5
2016 -148.3 3,773.5
2017 -159.4 4,283.1
2018 -170.1 3,971.4

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Colorado Municipal
2001-2018

Fiscal Year Colorado Municipal National Average
2001 0.2 -0.6
2002 1.2 -0.2
2003 3.0 -0.9
2004 0.6 -1.0
2005 3.5 -1.2
2006 0.2 -1.5
2007 -0.4 -1.6
2008 -0.6 -2.7
2009 -1.1 -2.8
2010 -1.6 -2.9
2011 -1.8 -3.4
2012 -2.8 -3.6
2013 -4.0 -3.2
2014 1.1 -3.4
2015 -4.0 -3.9
2016 -3.9 -3.8
2017 -3.7 -3.5
2018 -4.3 -3.9

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Colorado Municipal benefit descriptions.