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, 2001-2018

Fiscal Year Net Assets (billions)
2001 null
2002 null
2003 null
2004 null
2005 null
2006 null
2007 null
2008 null
2009 null
2010 4.6
2011 4.5
2012 4.9
2013 5.5
2014 5.7
2015 5.6
2016 5.9
2017 6.8
2018 6.4

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Boston RS US State and Local Pensions
2001 1.7 3.1
2002 1.6 2.9
2003 1.5 2.5
2004 1.5 2.5
2005 1.5 2.5
2006 1.5 2.4
2007 1.6 2.3
2008 1.5 2.2
2009 1.4 2.1
2010 1.4 1.8
2011 1.4 1.7
2012 1.4 1.7
2013 1.4 1.6
2014 1.4 1.5
2015 1.4 1.5
2016 1.4 1.5
2017 1.5 1.5
2018 1.5 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 Boston RS, 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 14.0 0.0 9.5 14.0 14.0
2002 13.9 0.0 10.1 13.9 13.9
2003 14.7 0.0 10.4 14.7 14.7
2004 14.7 0.0 11.1 14.7 14.7
2005 16.4 0.0 12.1 16.4 16.4
2006 17.8 0.0 12.3 17.8 17.8
2007 17.5 0.0 11.6 17.5 17.5
2008 17.5 0.0 10.1 17.5 17.5
2009 19.2 0.0 11.5 19.2 19.2
2010 33.8 0.0 12.8 24.6 24.6
2011 18.8 0.0 13.6 18.8 18.8
2012 19.3 0.0 14.4 19.3 19.3
2013 20.0 0.0 16.6 20.0 20.0
2014 21.7 0.0 16.4 21.7 21.7
2015 23.6 0.0 17.0 23.6 23.6
2016 25.6 0.0 17.0 24.8 24.8
2017 25.4 0.0 14.3 25.4 25.4
2018 27.3 0.0 14.7 26.5 26.5

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Boston RS, 2001-2018

Fiscal Year Boston RS National Data
2001 70.3 98.7
2002 62.6 85.4
2003 62.4 83.7
2004 63.3 84.1
2005 64.4 83.5
2006 66.5 86.8
2007 67.6 89.5
2008 59.3 77.0
2009 60.2 73.3
2010 62.2 75.5
2011 61.5 73.4
2012 61.9 74.9
2013 59.5 75.4
2014 60.6 77.4
2015 61.6 79.1
2016 62.3 76.5
2017 62.9 77.6
2018 62.9 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 Boston RS, 2018

Category Percent
Equities 47.9
Fixed Income 24.1
Private Equity 7.4
Real Estate 9.6
Cash 1.3
Other 0.0
Commodities 2.6
Hedge Fund 3.8
Misc. Alternatives 3.2

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 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Boston RS, 2001-2018

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 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

Source: Public Plans Database


Annual Return as of December 31 for Boston RS, 2010-2018

Fiscal Year Boston RS Assumed return
2010 13.50 7.88
2011 0.90 7.75
2012 12.80 7.75
2013 15.00 7.75
2014 5.72 7.75
2015 0.15 7.75
2016 7.15 7.75
2017 17.70 7.75
2018 -4.30 7.75

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Boston RS
2001-2018

Fiscal Year Cash Flow Assets
2001 null null
2002 null null
2003 null null
2004 null null
2005 null null
2006 null null
2007 null null
2008 null null
2009 null null
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

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Boston RS
2001-2018

Fiscal Year Boston RS National Average
2001 null -0.6
2002 null -0.2
2003 null -0.9
2004 null -1.0
2005 null -1.2
2006 null -1.5
2007 null -1.6
2008 null -2.7
2009 null -2.8
2010 1.9 -2.9
2011 -3.6 -3.4
2012 -2.7 -3.6
2013 -2.2 -3.2
2014 -1.9 -3.4
2015 -1.9 -3.9
2016 -1.3 -3.8
2017 -1.2 -3.5
2018 -0.7 -3.9

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports

Benefits

Website for Boston RS benefit descriptions.