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, 2001-2018

Fiscal Year Net Assets (billions)
2001 2.7
2002 2.4
2003 2.3
2004 2.5
2005 3.3
2006 3.5
2007 3.8
2008 3.4
2009 2.4
2010 2.2
2011 2.4
2012 2.2
2013 2.1
2014 2.0
2015 2.2
2016 2.0
2017 2.0
2018 2.0

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Detroit General RS US State and Local Pensions
2001 1.1 2.5
2002 1.1 2.4
2003 1.1 2.3
2004 1.0 2.2
2005 0.9 2.1
2006 0.8 2.1
2007 0.8 2.0
2008 0.8 2.0
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 1.5
2015 0.4 1.5
2016 0.4 1.4
2017 0.4 1.4
2018 0.4 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 Detroit General 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 15.5 0.0 5.0 15.5 15.5
2002 15.4 0.0 4.8 15.4 15.4
2003 16.3 0.0 5.7 16.3 16.3
2004 21.6 0.0 7.3 21.6 21.6
2005 205.4 0.0 9.0 27.2 27.2
2006 25.1 0.0 9.3 20.9 20.9
2007 22.5 0.0 10.0 22.5 22.5
2008 11.7 0.0 10.4 11.7 11.7
2009 11.6 0.0 10.2 11.6 11.6
2010 11.2 0.0 10.5 11.2 11.2
2011 18.2 0.0 12.5 18.2 18.2
2012 24.8 0.0 12.9 24.8 24.8
2013 17.8 10.5 14.0 28.3 28.3
2014 13.4 20.0 14.4 33.4 33.4
2015 null null 14.9 0.0 0.0
2016 null null 14.8 0.0 0.0
2017 null null 15.1 0.0 0.0
2018 null null 15.9 0.0 0.0

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Detroit General RS, 2001-2018

Fiscal Year Detroit General RS National Data
2001 91.6 106.5
2002 84.9 101.1
2003 77.6 94.2
2004 73.0 93.1
2005 96.3 91.1
2006 98.2 90.5
2007 98.8 91.2
2008 100.9 90.2
2009 92.5 83.2
2010 87.1 81.5
2011 82.8 80.4
2012 77.0 78.9
2013 70.0 78.7
2014 62.5 79.0
2015 67.1 78.2
2016 63.3 76.3
2017 65.5 76.4
2018 65.5 76.5

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 Detroit General RS, 2018

Category Percent
Equities 55.5
Fixed Income 13.6
Private Equity 0.4
Real Estate 16.5
Cash 0.0
Other 0.0
Commodities 0.0
Hedge Fund 8.7
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.4
Fixed Income 21.8
Private Equity 9.0
Real Estate 8.4
Cash 1.8
Other 0.3
Commodities 1.9
Hedge Fund 7.1
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Detroit General RS, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 64.1 27.8 1.5 7.1 -0.5 0.0 0.0 0.0 0.0
2002 62.8 28.4 1.3 9.3 -1.8 0.0 0.0 0.0 0.0
2003 60.0 29.2 1.4 10.1 -0.6 0.0 0.0 0.0 0.0
2004 64.6 26.2 1.5 9.1 -1.4 0.0 0.0 0.0 0.0
2005 56.1 37.4 1.6 7.2 -2.3 0.0 0.0 0.0 0.0
2006 45.7 22.8 1.6 11.7 -0.8 0.0 0.0 0.0 0.0
2007 66.7 23.4 1.8 9.1 -1.0 0.0 0.0 0.0 0.0
2008 57.8 28.4 2.5 12.8 -1.6 0.0 0.0 0.0 0.0
2009 56.0 25.8 3.8 15.4 -1.7 0.0 0.0 0.0 0.0
2010 56.3 23.7 3.9 11.1 -0.8 0.0 0.0 0.0 0.0
2011 59.8 23.3 2.6 9.9 -2.5 0.0 0.0 0.0 0.0
2012 52.8 26.5 4.7 11.0 -2.4 0.0 0.0 0.0 0.0
2013 47.9 34.3 3.1 11.3 -1.2 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 55.5 13.6 0.4 16.5 0.0 0.0 0.0 8.7 0.0

Source: Public Plans Database


Annual Return as of June 30 for Detroit General RS, 2001-2018

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

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

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

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

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Detroit General RS
2001-2018

Fiscal Year Detroit General RS National Average
2001 -4.8 -2.3
2002 -6.1 -2.3
2003 -6.4 -2.6
2004 -5.5 -1.7
2005 15.7 -1.9
2006 -7.0 -1.9
2007 -5.8 -1.7
2008 -6.2 -1.9
2009 -9.8 -2.7
2010 -11.8 -2.9
2011 -11.0 -2.8
2012 -14.5 -3.1
2013 -16.3 -3.0
2014 -18.5 -2.7
2015 -4.2 -2.8
2016 -8.8 -3.0
2017 -7.6 -2.9
2018 -8.1 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports