Detroit General RS Basics

  • Established 1918
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Detroit General RS, 2001-2022

Fiscal Year Net Assets (billions)
2001 2.69
2002 2.39
2003 2.32
2004 2.52
2005 3.32
2006 3.46
2007 3.85
2008 3.42
2009 2.39
2010 2.25
2011 2.42
2012 2.16
2013 2.10
2014 2.02
2015 2.15
2016 1.97
2017 2.04
2018 2.05
2019 1.94
2020 1.76
2021 2.08
2022 1.79

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

Fiscal Year Detroit General RS US State and Local Pensions
2001 1.1 2.4
2002 1.1 2.3
2003 1.1 2.2
2004 1.0 2.1
2005 0.9 2.1
2006 0.8 2.0
2007 0.8 2.0
2008 0.8 1.9
2009 0.8 1.9
2010 0.7 1.8
2011 0.6 1.7
2012 0.5 1.6
2013 0.4 1.5
2014 0.4 1.4
2015 0.4 1.4
2016 0.4 1.4
2017 0.4 1.4
2018 0.5 1.3
2019 0.5 1.3
2020 0.4 1.3
2021 0.4 1.2
2022 0.4 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 Detroit General RS, 2001-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 15.5 0.0 5.3 15.5
2002 15.4 0.0 5.2 15.4
2003 16.3 0.0 6.0 16.3
2004 21.6 0.0 7.7 21.6
2005 205.4 0.0 9.6 27.2
2006 25.1 0.0 9.9 20.9
2007 22.5 0.0 10.6 22.5
2008 11.7 0.0 11.0 11.7
2009 11.6 0.0 11.0 11.6
2010 11.2 0.0 11.6 11.2
2011 18.2 0.0 13.4 18.2
2012 24.8 0.0 14.0 24.8
2013 17.8 10.5 15.1 28.3
2014 12.3 27.3 15.6 39.6
2015 null null 16.1 null
2016 null null 16.1 null
2017 null null 16.4 null
2018 null null 18.8 null
2019 null null 17.8 null
2020 null null 19.5 null
2021 null null 19.6 null
2022 null null 19.9 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Detroit General RS, 2001-2022

Fiscal Year Detroit General RS National Data
2001 91.6 101.7
2002 84.9 94.8
2003 77.6 89.0
2004 73.0 87.2
2005 96.3 85.4
2006 98.2 85.3
2007 98.8 86.3
2008 100.9 84.4
2009 92.5 78.4
2010 87.1 75.7
2011 82.8 74.3
2012 77.0 72.3
2013 70.0 71.9
2014 62.5 73.2
2015 67.1 73.2
2016 63.3 71.6
2017 65.5 72.1
2018 66.4 72.4
2019 63.7 72.5
2020 60.2 72.7
2021 74.0 76.2
2022 65.7 77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Detroit General RS, 2022

Category Percent
Equities 44.3
Fixed Income 24.7
Private Equity 14.9
Real Estate 16.1
Cash 0.0
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 42.7
Fixed Income 20.8
Private Equity 13.0
Real Estate 10.2
Cash 2.1
Other 0.6
Commodities 2.3
Hedge Fund 6.5
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Detroit General RS, 2001-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 63.8 27.7 1.5 7.1 0.0 0.0 0.0 0.0 0.0
2002 61.7 27.9 1.2 9.1 0.0 0.0 0.0 0.0 0.0
2003 59.6 29.0 1.4 10.0 0.0 0.0 0.0 0.0 0.0
2004 63.7 25.8 1.5 9.0 0.0 0.0 0.0 0.0 0.0
2005 54.9 36.5 1.5 7.1 0.0 0.0 0.0 0.0 0.0
2006 55.9 27.8 2.0 14.3 0.0 0.0 0.0 0.0 0.0
2007 66.0 23.1 1.8 9.0 0.0 0.0 0.0 0.0 0.0
2008 56.9 27.9 2.5 12.6 0.0 0.0 0.0 0.0 0.0
2009 55.5 25.5 3.7 15.2 0.0 0.0 0.0 0.0 0.0
2010 59.2 24.9 4.2 11.7 0.0 0.0 0.0 0.0 0.0
2011 62.5 24.4 2.7 10.4 0.0 0.0 0.0 0.0 0.0
2012 55.6 27.9 5.0 11.5 0.0 0.0 0.0 0.0 0.0
2013 49.6 35.5 3.2 11.7 0.0 0.0 0.0 0.0 0.0
2014 50.8 12.9 15.5 10.2 4.8 1.7 0.0 4.1 0.1
2015 null null null null null null null null null
2016 43.1 11.9 6.5 21.1 0.0 4.7 0.0 12.7 0.0
2017 52.3 15.0 5.1 16.6 0.0 0.0 0.0 11.1 0.0
2018 58.5 14.4 0.5 17.4 0.0 0.0 0.0 9.2 0.0
2019 56.3 16.9 0.3 16.5 0.0 0.0 0.0 10.1 0.0
2020 46.7 20.2 7.1 14.9 0.0 0.0 0.0 11.1 0.0
2021 64.2 20.8 6.1 8.9 0.0 0.0 0.0 0.0 0.0
2022 44.3 24.7 14.9 16.1 0.0 0.0 0.0 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Detroit General RS, 2001-2022

Fiscal Year Detroit General RS Assumed return
2001 -4.44 7.90
2002 -5.94 7.90
2003 3.53 7.90
2004 14.93 7.90
2005 8.30 7.90
2006 11.30 7.90
2007 18.90 7.90
2008 -4.30 7.90
2009 -18.80 7.90
2010 8.00 7.90
2011 18.70 7.90
2012 -0.40 7.90
2013 11.70 7.90
2014 14.50 7.90
2015 2.60 6.75
2016 1.40 6.75
2017 14.10 6.75
2018 6.50 6.75
2019 3.40 6.75
2020 0.96 6.75
2021 28.30 6.75
2022 -7.34 6.75

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Detroit General RS
2001-2022

Fiscal Year Cash Flow Assets
2001 -128.7 2,691.0
2002 -145.4 2,390.0
2003 -147.9 2,323.8
2004 -138.9 2,521.5
2005 521.0 3,318.9
2006 -241.0 3,455.1
2007 -223.4 3,846.0
2008 -212.2 3,416.8
2009 -234.9 2,387.1
2010 -265.6 2,246.5
2011 -265.8 2,421.6
2012 -313.4 2,158.8
2013 -342.0 2,099.0
2014 -373.6 2,015.2
2015 -90.6 2,153.0
2016 -174.0 1,972.4
2017 -155.7 2,041.6
2018 -165.7 2,048.9
2019 -165.1 1,941.6
2020 -174.1 1,759.2
2021 -173.8 2,076.9
2022 -171.0 1,790.5

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
Detroit General RS
2001-2022

Fiscal Year Detroit General RS National Average
2001 -4.8 -2.0
2002 -6.1 -2.4
2003 -6.4 -2.6
2004 -5.5 -1.8
2005 15.7 -2.2
2006 -7.0 -2.2
2007 -5.8 -2.0
2008 -6.2 -2.2
2009 -9.8 -3.1
2010 -11.8 -3.2
2011 -11.0 -3.0
2012 -14.5 -3.2
2013 -16.3 -3.1
2014 -18.5 -2.9
2015 -4.2 -2.7
2016 -8.8 -2.9
2017 -7.6 -2.8
2018 -8.1 -2.4
2019 -8.5 -2.4
2020 -9.9 -2.3
2021 -8.4 -2.0
2022 -9.5 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Detroit General RS benefit descriptions.