Kansas City Missouri ERS Basics

  • Established 1962
  • 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, Kansas City Missouri ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 0.6
2002 0.6
2003 0.6
2004 0.7
2005 0.7
2006 0.8
2007 0.9
2008 0.9
2009 0.6
2010 0.8
2011 0.9
2012 0.9
2013 0.9
2014 1.0
2015 1.1
2016 1.0
2017 1.1
2018 1.2

Source: Public Plans Database

Number of Actives per Annuitant, 2008-2018

Fiscal Year Kansas City Missouri ERS US State and Local Pensions
2008 1.9 2.0
2009 1.7 1.9
2010 1.6 1.8
2011 1.7 1.7
2012 1.6 1.6
2013 1.5 1.5
2014 1.5 1.5
2015 1.4 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 Kansas City Missouri ERS, 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 6.0 0.2 4.8 6.2 6.2
2003 7.1 3.6 5.7 10.8 10.8
2004 8.8 5.8 7.3 14.6 14.6
2005 10.4 6.1 9.0 16.5 16.5
2006 12.0 5.6 9.3 17.6 17.6
2007 11.7 0.0 10.0 11.1 11.1
2008 11.8 0.0 10.4 9.2 9.2
2009 12.7 0.0 10.2 12.1 12.1
2010 12.5 6.7 10.5 19.2 19.2
2011 11.4 5.6 12.5 17.0 17.0
2012 12.7 3.6 12.9 16.3 16.3
2013 14.3 2.3 14.0 16.6 16.6
2014 15.5 0.9 14.4 16.4 16.4
2015 16.5 0.0 14.9 16.5 16.5
2016 15.0 0.0 14.8 14.9 14.9
2017 14.1 0.0 15.1 13.7 13.7
2018 14.3 0.0 15.9 14.2 14.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Kansas City Missouri ERS, 2008-2018

Fiscal Year Kansas City Missouri ERS National Data
2008 93.5 90.2
2009 72.8 83.2
2010 75.4 81.5
2011 79.8 80.4
2012 79.1 78.9
2013 80.7 78.7
2014 83.7 79.0
2015 86.5 78.2
2016 83.3 76.3
2017 83.5 76.4
2018 84.4 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 Kansas City Missouri ERS, 2018

Category Percent
Equities 54.3
Fixed Income 23.4
Private Equity 0.0
Real Estate 0.0
Cash 1.5
Other 0.0
Commodities 9.8
Hedge Fund 11.0
Misc. Alternatives 0.0

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 Kansas City Missouri ERS, 2005-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2005 70.2 29.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0
2006 65.1 30.0 0.0 4.8 0.0 0.0 0.0 0.0 0.0
2007 65.7 29.5 1.6 3.1 0.0 0.0 0.0 0.0 0.0
2008 61.9 32.9 1.7 3.5 0.0 -0.0 0.0 0.0 0.0
2009 62.5 32.4 1.4 3.7 0.0 -0.0 0.0 0.0 0.0
2010 51.3 32.6 0.0 3.2 1.5 -0.0 0.0 11.3 0.0
2011 54.8 30.1 0.0 3.2 0.9 0.0 0.0 11.0 0.0
2012 52.8 29.5 0.0 5.1 1.5 0.0 0.0 11.1 0.0
2013 55.8 26.6 0.0 5.2 1.2 0.0 0.0 11.2 0.0
2014 59.0 24.4 0.0 5.1 1.6 0.0 0.0 9.9 0.0
2015 57.9 24.7 0.0 5.2 1.0 0.0 0.0 11.0 0.0
2016 52.3 26.0 0.0 0.0 1.2 0.0 9.3 11.2 0.0
2017 53.1 24.8 0.0 0.0 0.9 0.0 9.9 11.3 0.0
2018 54.3 23.4 0.0 0.0 1.5 0.0 9.8 11.0 0.0

Source: Public Plans Database


Annual Return as of April 30 for Kansas City Missouri ERS, 2001-2018

Fiscal Year Kansas City Missouri ERS Assumed return
2001 -1.76 7.75
2002 -0.60 7.75
2003 -5.20 7.75
2004 18.60 7.75
2005 9.50 7.75
2006 18.20 7.75
2007 12.40 7.75
2008 -2.70 7.50
2009 -25.70 7.50
2010 27.80 7.50
2011 14.70 7.50
2012 0.70 7.50
2013 12.40 7.50
2014 11.50 7.50
2015 8.36 7.50
2016 -2.50 7.50
2017 10.46 7.50
2018 9.28 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Kansas City Missouri ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -8.3 643.6
2002 -9.2 632.0
2003 -15.1 585.9
2004 -20.5 674.1
2005 -17.8 717.3
2006 -16.1 828.6
2007 -15.7 914.5
2008 -15.8 883.1
2009 -17.7 640.1
2010 -21.9 795.3
2011 -24.7 886.3
2012 -27.8 864.6
2013 -23.5 947.1
2014 -26.7 1,027.7
2015 -27.3 1,085.1
2016 -35.2 1,023.6
2017 -36.6 1,092.3
2018 -39.4 1,151.7

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Kansas City Missouri ERS
2001-2018

Fiscal Year Kansas City Missouri ERS National Average
2001 -1.3 -2.3
2002 -1.5 -2.3
2003 -2.6 -2.6
2004 -3.0 -1.7
2005 -2.5 -1.9
2006 -1.9 -1.9
2007 -1.7 -1.7
2008 -1.8 -1.9
2009 -2.8 -2.7
2010 -2.8 -2.9
2011 -2.8 -2.8
2012 -3.2 -3.1
2013 -2.5 -3.0
2014 -2.6 -2.7
2015 -2.5 -2.8
2016 -3.4 -3.0
2017 -3.4 -2.9
2018 -3.4 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports