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, 2004-2018

Fiscal Year Net Assets (billions)
2004 0.9
2005 0.9
2006 0.9
2007 1.0
2008 0.9
2009 0.8
2010 0.8
2011 0.9
2012 0.9
2013 0.9
2014 1.0
2015 1.0
2016 1.0
2017 1.1
2018 1.1

Source: Public Plans Database

Number of Actives per Annuitant, 2004-2018

Fiscal Year Birmingham RRS US State and Local Pensions
2004 1.8 2.2
2005 1.7 2.1
2006 1.7 2.1
2007 1.6 2.0
2008 1.5 2.0
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 1.5
2015 1.3 1.5
2016 1.3 1.4
2017 1.3 1.4
2018 1.3 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 Birmingham RRS, 2004-2018

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}
2004 7.2 0.0 7.3 7.1 7.1
2005 6.8 1.3 9.0 8.1 8.1
2006 7.0 1.4 9.3 8.4 8.4
2007 7.2 1.3 10.0 8.4 8.4
2008 6.9 1.6 10.4 8.5 8.5
2009 6.8 2.3 10.2 9.1 9.1
2010 6.8 4.1 10.5 10.9 10.9
2011 7.7 2.5 12.5 10.2 10.2
2012 7.5 2.9 12.9 10.4 10.4
2013 7.4 3.8 13.9 11.2 11.2
2014 7.3 8.6 14.5 16.0 16.0
2015 7.3 8.1 14.9 15.4 15.4
2016 8.2 6.8 14.8 14.9 14.9
2017 8.1 6.9 15.1 15.0 15.0
2018 8.1 6.9 18.1 15.0 15.0

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Birmingham RRS, 2004-2018

Fiscal Year Birmingham RRS National Data
2004 95.6 93.1
2005 93.5 91.1
2006 94.9 90.5
2007 94.3 91.2
2008 90.7 90.2
2009 84.1 83.2
2010 82.0 81.5
2011 77.0 80.4
2012 74.3 78.9
2013 73.0 78.7
2014 74.8 79.0
2015 75.3 78.2
2016 75.5 76.3
2017 73.4 76.4
2018 73.4 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 Birmingham RRS, 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 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Birmingham RRS, 2004-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
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

Source: Public Plans Database


Annual Return as of June 30 for Birmingham RRS, 2004-2018

Fiscal Year Birmingham RRS Assumed return
2004 8.63 7.50
2005 11.13 7.50
2006 -0.37 7.50
2007 9.80 7.00
2008 -3.58 7.00
2009 -11.11 7.00
2010 12.11 7.00
2011 17.99 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

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Birmingham RRS
2004-2018

Fiscal Year Cash Flow Assets
2004 -21.9 871.8
2005 -25.2 942.3
2006 -26.1 912.8
2007 -30.4 970.3
2008 -34.3 902.0
2009 -33.0 770.7
2010 -38.1 823.5
2011 -53.5 913.4
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

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Birmingham RRS
2004-2018

Fiscal Year Birmingham RRS National Average
2004 -2.5 -1.7
2005 -2.7 -1.9
2006 -2.9 -1.9
2007 -3.1 -1.7
2008 -3.8 -1.9
2009 -4.3 -2.7
2010 -4.6 -2.9
2011 -5.9 -2.8
2012 -5.1 -3.1
2013 -5.0 -3.0
2014 -4.8 -2.7
2015 -4.9 -2.8
2016 -5.3 -3.0
2017 -5.5 -2.9
2018 -6.0 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports