Baltimore Fire and Police Basics

  • Established 1962
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Baltimore Fire and Police, 2001-2018

Fiscal Year Net Assets (billions)
2001 2.0
2002 1.8
2003 1.8
2004 1.9
2005 2.0
2006 2.1
2007 2.3
2008 2.2
2009 1.7
2010 1.9
2011 2.1
2012 2.1
2013 2.3
2014 2.5
2015 2.5
2016 2.4
2017 2.6
2018 2.7

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Baltimore Fire and Police US State and Local Pensions
2001 0.9 1.9
2002 0.9 1.8
2003 0.9 1.7
2004 0.9 1.6
2005 0.8 1.6
2006 0.8 1.5
2007 0.8 1.5
2008 0.8 1.5
2009 0.8 1.5
2010 0.8 1.4
2011 0.8 1.3
2012 0.8 1.3
2013 0.7 1.2
2014 0.7 1.2
2015 0.7 1.2
2016 0.7 1.2
2017 0.6 1.3
2018 0.6 1.3

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 Baltimore Fire and Police, 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 0.1 0.0 12.1 0.1 0.1
2002 0.1 0.0 12.8 0.1 0.1
2003 14.1 0.0 14.8 14.1 14.1
2004 17.7 0.0 16.9 17.7 17.7
2005 19.9 0.0 21.2 19.9 19.9
2006 20.0 0.0 23.7 20.0 20.0
2007 23.6 0.0 25.5 21.5 21.5
2008 27.1 0.0 28.0 24.8 24.8
2009 24.7 0.0 29.1 24.7 24.7
2010 34.1 0.0 29.3 29.9 29.9
2011 39.1 0.0 31.2 32.9 32.9
2012 37.8 0.0 33.6 35.0 35.0
2013 39.0 0.0 34.7 36.8 36.8
2014 40.1 0.0 33.8 40.1 40.1
2015 39.9 0.0 33.7 39.9 39.9
2016 40.3 0.0 34.0 40.3 40.3
2017 43.8 0.0 33.3 43.8 43.8
2018 42.6 0.0 35.5 42.6 42.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Baltimore Fire and Police, 2001-2018

Fiscal Year Baltimore Fire and Police National Data
2001 100.1 107.1
2002 97.9 101.2
2003 96.4 91.9
2004 96.8 85.3
2005 96.2 84.3
2006 92.5 80.8
2007 91.9 80.2
2008 89.4 79.6
2009 87.3 77.6
2010 83.2 73.2
2011 82.0 72.2
2012 77.6 71.9
2013 76.6 72.7
2014 74.2 72.2
2015 72.8 72.4
2016 71.5 72.2
2017 71.1 74.0
2018 69.8 74.7

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 Baltimore Fire and Police, 2018

Category Percent
Equities 50.0
Fixed Income 17.0
Private Equity 15.0
Real Estate 10.0
Cash 1.0
Other 0.0
Commodities 0.0
Hedge Fund 7.0
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 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Baltimore Fire and Police, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 71.3 24.8 0.0 4.0 0.0 0.0 0.0 0.0 0.0
2002 69.0 26.0 0.0 5.0 0.0 0.0 0.0 0.0 0.0
2003 69.0 27.0 0.0 4.0 0.0 0.0 0.0 0.0 0.0
2004 67.0 24.0 1.0 8.0 0.0 0.0 0.0 0.0 0.0
2005 66.0 19.0 0.0 10.0 0.0 0.0 0.0 5.0 0.0
2006 66.0 19.0 0.0 10.0 0.0 0.0 0.0 5.0 0.0
2007 65.0 17.0 1.0 10.0 0.0 0.0 0.0 7.0 0.0
2008 59.0 17.0 3.0 13.0 0.0 0.0 0.0 8.0 0.0
2009 59.0 14.0 5.0 14.0 0.0 0.0 0.0 8.0 0.0
2010 62.0 16.0 6.0 10.0 0.0 0.0 0.0 6.0 0.0
2011 60.0 14.0 12.0 10.0 0.0 0.0 0.0 4.0 0.0
2012 42.0 18.0 13.0 11.0 0.0 0.0 0.0 16.0 0.0
2013 42.0 18.0 15.0 10.0 0.0 0.0 0.0 15.0 0.0
2014 40.0 17.0 18.0 10.0 0.0 0.0 0.0 15.0 0.0
2015 39.0 17.0 17.0 11.0 0.0 0.0 0.0 16.0 0.0
2016 42.0 22.0 14.0 11.0 1.0 0.0 0.0 10.0 0.0
2017 43.0 22.0 15.0 9.0 1.0 0.0 0.0 10.0 0.0
2018 50.0 17.0 15.0 10.0 1.0 0.0 0.0 7.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for Baltimore Fire and Police, 2001-2018

Fiscal Year Baltimore Fire and Police Assumed return
2001 -6.30 8.25
2002 -8.60 8.25
2003 0.80 8.25
2004 16.20 8.25
2005 12.10 8.25
2006 12.00 8.25
2007 19.80 8.25
2008 -7.00 8.25
2009 -21.90 8.25
2010 15.30 8.00
2011 25.60 8.00
2012 0.80 7.75
2013 13.20 7.75
2014 16.50 7.75
2015 2.30 7.50
2016 0.60 7.50
2017 12.10 7.50
2018 8.50 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Baltimore Fire and Police
2001-2018

Fiscal Year Cash Flow Assets
2001 -117.8 2,040.2
2002 -114.1 1,810.7
2003 -85.5 1,769.8
2004 -96.8 1,895.7
2005 -98.3 2,016.1
2006 -101.3 2,093.9
2007 -98.6 2,343.1
2008 -96.0 2,151.7
2009 -101.5 1,694.3
2010 -88.2 1,858.7
2011 -81.9 2,144.0
2012 -78.9 2,146.0
2013 -85.2 2,261.3
2014 -83.2 2,492.5
2015 -79.9 2,466.6
2016 -91.6 2,378.0
2017 -89.8 2,562.6
2018 -82.9 2,691.3

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Baltimore Fire and Police
2001-2018

Fiscal Year Baltimore Fire and Police National Average
2001 -5.8 -3.2
2002 -6.3 -3.0
2003 -4.8 -4.2
2004 -5.1 -3.1
2005 -4.9 -2.4
2006 -4.8 -1.8
2007 -4.2 -1.2
2008 -4.5 -0.8
2009 -6.0 -0.8
2010 -4.7 -1.1
2011 -3.8 -2.4
2012 -3.7 -1.1
2013 -3.8 -1.1
2014 -3.3 -3.3
2015 -3.2 -1.9
2016 -3.9 -1.7
2017 -3.5 -3.1
2018 -3.1 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Baltimore Fire and Police benefit descriptions.