Boston RS Basics

  • Established 1911
  • 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, Boston RS, 2003-2022

Fiscal Year Net Assets (billions)
2003 2.67
2004 3.24
2005 3.55
2006 3.79
2007 4.27
2008 4.63
2009 3.42
2010 4.62
2011 4.47
2012 4.91
2013 5.49
2014 5.67
2015 5.56
2016 5.85
2017 6.77
2018 6.40
2019 7.41
2020 8.30
2021 9.48
2022 8.53

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2021

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

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 Boston RS, 2014-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2014 21.6 0.0 20.6 21.6
2015 22.7 0.0 20.6 22.7
2016 25.4 0.0 21.5 24.6
2017 25.3 0.0 21.4 25.3
2018 27.3 0.0 22.5 26.5
2019 29.3 0.0 22.6 28.0
2020 29.9 0.0 23.4 29.0
2021 31.0 0.0 23.6 31.0
2022 32.6 0.0 24.1 27.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Boston RS, 2001-2021

Fiscal Year Boston RS National Data
2001 70.3 101.7
2002 62.6 94.6
2003 62.4 88.8
2004 63.3 87.0
2005 64.4 85.4
2006 66.5 85.2
2007 67.6 86.3
2008 59.3 84.4
2009 60.2 78.4
2010 62.2 75.7
2011 61.5 74.3
2012 61.9 72.3
2013 59.5 71.8
2014 null 73.2
2015 61.6 73.2
2016 null 71.6
2017 62.9 72.0
2018 null 72.4
2019 63.2 72.5
2020 null 72.6
2021 68.9 75.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Boston RS, 2022

Category Percent
Equities 41.3
Fixed Income 26.1
Private Equity 13.4
Real Estate 11.8
Cash 0.3
Other 0.0
Commodities 0.8
Hedge Fund 4.0
Misc. Alternatives 2.2

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Boston RS, 2014-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2014 49.5 24.6 6.4 8.9 0.8 0.0 1.0 8.8 0.0
2015 47.6 24.2 6.5 10.4 1.6 0.0 1.0 8.7 0.1
2016 50.0 23.6 6.7 10.1 0.4 0.0 0.8 8.1 0.3
2017 53.8 21.8 6.3 8.9 0.7 0.0 0.9 5.4 2.3
2018 47.9 24.1 7.4 9.6 1.3 0.0 2.6 3.8 3.2
2019 48.7 26.4 8.0 9.4 0.7 0.0 0.9 3.6 2.4
2020 47.5 26.4 9.2 9.1 0.4 0.0 0.9 4.0 2.4
2021 45.5 26.4 11.6 9.1 0.8 0.0 0.8 3.7 2.2
2022 41.3 26.1 13.4 11.8 0.3 0.0 0.8 4.0 2.2

Source: Public Plans Database

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Annual Return as of December 31 for Boston RS, 2003-2022

Fiscal Year Boston RS Assumed return
2003 -9.40 null
2004 23.67 null
2005 11.95 8.00
2006 8.13 null
2007 14.03 null
2008 9.96 null
2009 -25.04 8.00
2010 13.50 null
2011 0.90 7.75
2012 12.80 null
2013 15.00 7.75
2014 5.72 null
2015 0.15 7.75
2016 7.15 null
2017 17.70 7.50
2018 -4.30 null
2019 16.73 7.05
2020 12.43 null
2021 14.61 6.90
2022 -10.20 6.90

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Boston RS
2003-2022

Fiscal Year Cash Flow Assets
2003 -29.3 2,672.9
2004 -61.4 3,236.8
2005 -71.6 3,547.8
2006 -43.0 3,791.6
2007 -53.7 4,266.0
2008 -60.1 4,627.8
2009 -59.4 3,416.9
2010 87.6 4,620.7
2011 -161.5 4,471.6
2012 -133.3 4,910.5
2013 -120.7 5,491.2
2014 -107.2 5,674.1
2015 -106.5 5,559.3
2016 -75.9 5,851.1
2017 -81.3 6,766.5
2018 -47.1 6,403.0
2019 -14.6 7,407.1
2020 20.1 8,304.9
2021 16.6 9,483.6
2022 48.8 8,532.8

Source: Public Plans Database

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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
Boston RS
2003-2022

Fiscal Year Boston RS National Average
2003 -1.1 -2.4
2004 -1.9 -2.6
2005 -2.0 -2.2
2006 -1.1 -2.2
2007 -1.3 -2.2
2008 -1.3 -2.9
2009 -1.7 -3.2
2010 1.9 -3.2
2011 -3.6 -3.4
2012 -2.7 -3.3
2013 -2.2 -3.1
2014 -1.9 -2.9
2015 -1.9 -3.1
2016 -1.3 -3.2
2017 -1.2 -2.9
2018 -0.7 -3.1
2019 -0.2 -3.1
2020 0.2 -2.8
2021 0.2 -2.5
2022 0.6 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Boston RS benefit descriptions.