Hartford MERF Basics

  • Established 1947
  • 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, Hartford MERF, 2002-2018

Fiscal Year Net Assets (billions)
2002 0.9
2003 0.9
2004 1.0
2005 1.0
2006 1.0
2007 1.2
2008 1.1
2009 0.9
2010 0.9
2011 1.0
2012 0.9
2013 1.0
2014 1.1
2015 1.0
2016 1.0
2017 1.0
2018 1.0

Source: Public Plans Database

Number of Actives per Annuitant, 2002-2018

Fiscal Year Hartford MERF US State and Local Pensions
2002 1.1 2.4
2003 0.9 2.3
2004 0.9 2.2
2005 0.9 2.1
2006 0.9 2.1
2007 0.9 2.0
2008 1.0 2.0
2009 0.9 1.9
2010 0.8 1.8
2011 0.8 1.7
2012 0.8 1.6
2013 0.8 1.5
2014 0.8 1.5
2015 0.8 1.5
2016 0.8 1.4
2017 0.6 1.4
2018 0.7 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 Hartford MERF, 2002-2018

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}
2002 0.3 0.0 4.8 0.3 0.3
2003 2.2 0.0 5.7 2.2 2.2
2004 6.2 0.0 7.3 6.2 6.2
2005 8.0 0.0 9.0 8.0 8.0
2006 10.1 3.5 9.3 13.6 13.6
2007 11.5 0.0 10.0 10.8 10.8
2008 11.9 0.0 10.4 9.5 9.5
2009 9.6 0.0 10.2 8.8 8.8
2010 8.2 0.0 10.5 7.2 7.2
2011 13.8 0.0 12.5 13.8 13.8
2012 20.0 0.0 12.9 20.0 20.0
2013 23.7 0.0 14.0 23.7 23.7
2014 28.9 0.0 14.4 28.9 28.9
2015 28.3 0.0 14.9 28.3 28.3
2016 30.5 0.0 14.8 30.5 30.5
2017 26.7 0.0 15.1 26.7 26.7
2018 30.7 0.0 15.9 30.7 30.7

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Hartford MERF, 2002-2018

Fiscal Year Hartford MERF National Data
2002 108.7 101.1
2003 104.7 94.2
2004 99.6 93.1
2005 101.7 91.1
2006 101.9 90.5
2007 100.1 91.2
2008 102.2 90.2
2009 96.6 83.2
2010 88.6 81.5
2011 83.5 80.4
2012 79.0 78.9
2013 74.7 78.7
2014 76.9 79.0
2015 77.6 78.2
2016 74.8 76.3
2017 74.4 76.4
2018 73.1 76.6

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 Hartford MERF, 2018

Category Percent
Equities null
Fixed Income null
Private Equity null
Real Estate null
Cash null
Other null
Commodities null
Hedge Fund null
Misc. Alternatives null

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 Hartford MERF, 2002-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
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 45.0 36.8 7.0 1.4 4.9 0.0 0.0 5.0 0.0
2014 41.2 32.3 9.3 2.9 2.6 0.0 0.0 11.6 0.0
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 36.3 30.8 11.0 6.9 3.4 0.0 1.3 10.3 0.0
2018 null null null null null null null null null

Source: Public Plans Database


Annual Return as of June 30 for Hartford MERF, 2002-2018

Fiscal Year Hartford MERF Assumed return
2002 -3.44 8.00
2003 4.07 8.00
2004 14.62 8.00
2005 9.20 8.00
2006 8.67 8.00
2007 15.31 8.00
2008 -1.44 8.00
2009 -14.47 8.00
2010 10.79 8.00
2011 17.76 8.00
2012 2.26 8.00
2013 8.30 7.75
2014 13.60 7.75
2015 2.00 7.75
2016 0.86 7.50
2017 10.44 7.50
2018 5.97 7.38

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Hartford MERF
2002-2018

Fiscal Year Cash Flow Assets
2002 -45.9 912.6
2003 -46.9 901.9
2004 -52.8 977.0
2005 -49.8 1,014.9
2006 -54.0 1,046.5
2007 -50.5 1,152.3
2008 -54.8 1,081.4
2009 -61.7 867.7
2010 -65.7 892.0
2011 -61.9 983.1
2012 -58.1 946.5
2013 -47.9 971.2
2014 -41.5 1,062.6
2015 -45.7 1,038.2
2016 -47.3 999.7
2017 -62.9 1,040.8
2018 -56.8 1,043.9

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Hartford MERF
2002-2018

Fiscal Year Hartford MERF National Average
2002 -5.0 -2.3
2003 -5.2 -2.6
2004 -5.4 -1.7
2005 -4.9 -1.9
2006 -5.2 -1.9
2007 -4.4 -1.7
2008 -5.1 -1.9
2009 -7.1 -2.7
2010 -7.4 -2.9
2011 -6.3 -2.8
2012 -6.1 -3.1
2013 -4.9 -3.0
2014 -3.9 -2.7
2015 -4.4 -2.8
2016 -4.7 -3.0
2017 -6.0 -2.9
2018 -5.4 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports