Birmingham RRS Basics

  • Established
  • 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, Birmingham RRS, 2004-2022

Fiscal Year Net Assets (billions)
2004 0.87
2005 0.90
2006 0.96
2007 0.97
2008 0.90
2009 0.77
2010 0.82
2011 0.91
2012 0.90
2013 0.95
2014 1.05
2015 1.05
2016 1.00
2017 1.05
2018 1.07
2019 1.06
2020 1.01
2021 1.24
2022 1.07

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2020

Fiscal Year Birmingham RRS US State and Local Pensions
2001 2.1 2.4
2002 1.9 2.3
2003 1.8 2.2
2004 1.8 2.1
2005 1.7 2.1
2006 1.7 2.0
2007 1.6 2.0
2008 1.5 1.9
2009 1.6 1.9
2010 1.6 1.8
2011 1.4 1.7
2012 1.4 1.6
2013 1.4 1.5
2014 1.3 1.4
2015 1.3 1.4
2016 1.3 1.4
2017 1.3 1.4
2018 1.2 1.3
2019 1.1 1.3
2020 1.1 1.3

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 Birmingham RRS, 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 6.8 0.0 5.3 2.9
2002 7.0 0.0 5.2 5.7
2003 7.0 0.0 6.0 6.4
2004 7.2 0.0 7.8 7.1
2005 6.8 1.3 9.6 8.1
2006 7.0 1.4 9.9 8.4
2007 7.2 1.3 10.6 8.4
2008 6.9 1.6 11.0 8.5
2009 6.8 2.3 11.0 9.1
2010 6.8 4.1 11.6 10.9
2011 7.7 2.5 13.4 10.2
2012 7.5 2.9 14.1 10.4
2013 7.4 3.8 15.1 11.2
2014 7.3 8.6 15.7 16.0
2015 7.7 8.5 15.7 16.2
2016 8.3 6.8 15.6 15.1
2017 8.3 7.0 15.5 15.2
2018 8.5 6.3 16.2 14.9
2019 9.9 5.8 16.4 15.7
2020 12.1 4.0 16.8 16.0
2021 15.2 2.7 17.4 17.9
2022 18.5 0.0 18.1 17.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Birmingham RRS, 2001-2020

Fiscal Year Birmingham RRS National Data
2001 106.3 101.7
2002 102.7 94.6
2003 98.7 88.8
2004 95.6 87.0
2005 93.5 85.4
2006 94.9 85.2
2007 94.3 86.3
2008 90.7 84.4
2009 84.1 78.4
2010 82.0 75.7
2011 77.0 74.3
2012 74.3 72.3
2013 73.0 71.8
2014 74.8 73.2
2015 75.3 73.2
2016 75.5 71.6
2017 73.4 72.0
2018 72.5 72.4
2019 70.9 72.5
2020 68.7 72.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Birmingham RRS, 2022

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

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Birmingham RRS, 2001-2022

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 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 null null null null null null null null null
2018 null null null null null null null null null
2019 null null null null null null null null null
2020 null null null null null null null null null
2021 null null null null null null null null null
2022 null null null null null null null null null

Source: Public Plans Database

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Annual Return as of June 30 for Birmingham RRS, 2004-2022

Fiscal Year Birmingham RRS Assumed return
2004 8.63 7.50
2005 6.28 7.50
2006 4.45 7.50
2007 9.80 7.00
2008 -3.58 7.00
2009 -11.11 7.00
2010 12.11 7.00
2011 17.83 7.00
2012 3.67 7.00
2013 10.93 7.00
2014 16.35 7.00
2015 4.68 7.50
2016 1.38 7.50
2017 11.79 7.50
2018 8.12 7.50
2019 5.12 7.50
2020 0.35 7.50
2021 30.20 7.50
2022 -9.08 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Birmingham RRS
2004-2022

Fiscal Year Cash Flow Assets
2004 -21.9 871.8
2005 -25.2 900.7
2006 -26.1 957.5
2007 -30.4 970.3
2008 -34.3 902.0
2009 -33.0 770.7
2010 -38.1 823.5
2011 -53.5 912.1
2012 -45.5 900.6
2013 -47.9 948.5
2014 -50.9 1,048.5
2015 -50.8 1,045.1
2016 -53.2 996.7
2017 -57.7 1,053.8
2018 -63.9 1,071.4
2019 -61.6 1,063.1
2020 -57.6 1,009.1
2021 -63.5 1,240.8
2022 -58.9 1,072.0

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
Birmingham RRS
2004-2022

Fiscal Year Birmingham RRS National Average
2004 -2.5 -1.8
2005 -2.8 -2.2
2006 -2.7 -2.2
2007 -3.1 -2.0
2008 -3.8 -2.1
2009 -4.3 -3.1
2010 -4.6 -3.2
2011 -5.9 -3.0
2012 -5.1 -3.2
2013 -5.0 -3.1
2014 -4.8 -2.9
2015 -4.9 -2.7
2016 -5.3 -2.9
2017 -5.5 -2.8
2018 -6.0 -2.4
2019 -5.8 -2.4
2020 -5.7 -2.3
2021 -5.1 -2.0
2022 -5.5 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports

Benefits

Website for Birmingham RRS benefit descriptions.