Pittsburgh Police Basics

  • Established 1935
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Pittsburgh Police, 2002-2018

Fiscal Year Net Assets (billions)
2002 0.11
2003 0.12
2004 0.12
2005 0.11
2006 0.11
2007 0.12
2008 0.08
2009 0.08
2010 0.22
2011 0.22
2012 0.23
2013 0.24
2014 0.25
2015 0.25
2016 0.26
2017 0.27
2018 0.26

Source: Public Plans Database

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Number of Actives per Annuitant, 2002-2018

Fiscal Year Pittsburgh Police US State and Local Pensions
2002 0.7 2.3
2003 0.6 2.2
2004 0.5 2.1
2005 0.5 2.1
2006 0.5 2.0
2007 0.5 2.0
2008 0.6 1.9
2009 0.6 1.9
2010 0.6 1.8
2011 0.6 1.7
2012 0.6 1.6
2013 0.6 1.5
2014 0.6 1.4
2015 0.6 1.4
2016 0.6 1.4
2017 0.6 1.4
2018 0.7 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 Pittsburgh Police, 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
2002 19.5 0.0 13.5 19.5
2003 24.7 0.0 19.0 24.7
2004 29.6 0.0 21.9 29.6
2005 33.4 0.0 23.7 33.4
2006 35.6 0.0 25.0 35.6
2007 29.4 0.0 27.7 29.4
2008 31.0 0.0 28.2 31.0
2009 30.9 0.0 29.4 30.9
2010 68.3 0.0 31.5 30.4
2011 45.4 0.0 33.7 32.3
2012 33.5 0.0 34.2 18.5
2013 33.3 0.0 34.9 25.7
2014 34.0 0.0 35.2 25.6
2015 null null 38.9 null
2016 null null 38.6 null
2017 null null 37.8 null
2018 null null 37.4 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Pittsburgh Police, 2002-2018

Fiscal Year Pittsburgh Police National Data
2002 32.9 95.2
2003 33.2 89.0
2004 33.3 87.2
2005 34.7 85.4
2006 32.5 85.3
2007 33.4 86.3
2008 27.2 84.4
2009 28.4 78.4
2010 32.6 75.7
2011 30.4 74.3
2012 56.6 72.3
2013 59.5 71.9
2014 55.5 73.2
2015 55.2 73.2
2016 54.0 71.6
2017 56.4 72.1
2018 55.2 72.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Pittsburgh Police, 2018

Category Percent
Equities 56.6
Fixed Income 17.2
Private Equity 2.1
Real Estate 10.4
Cash 2.6
Other 0.0
Commodities 0.0
Hedge Fund 11.2
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
Commodities 1.8
Hedge Fund 7.1
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Pittsburgh Police, 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 63.8 21.9 2.7 0.0 3.2 0.0 0.0 8.4 0.0
2014 null null null null null null null null null
2015 53.8 19.4 3.4 9.8 3.7 0.0 0.0 9.9 0.0
2016 55.6 17.7 2.9 10.0 3.9 0.0 0.0 9.9 0.0
2017 58.0 16.7 2.5 9.4 2.6 0.0 0.0 10.8 0.0
2018 56.6 17.2 2.1 10.4 2.6 0.0 0.0 11.2 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Pittsburgh Police, 2002-2018

Fiscal Year Pittsburgh Police Assumed return
2002 -11.78 8.75
2003 24.50 null
2004 11.10 8.75
2005 7.60 null
2006 12.10 8.75
2007 11.60 null
2008 -27.00 8.00
2009 23.30 null
2010 5.60 8.00
2011 -2.50 null
2012 14.10 7.50
2013 17.60 null
2014 6.48 7.50
2015 0.00 null
2016 8.40 7.25
2017 14.80 null
2018 -4.60 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Pittsburgh Police
2002-2018

Fiscal Year Cash Flow Assets
2002 -11.9 106.3
2003 -11.0 118.7
2004 -12.3 117.8
2005 -10.3 113.8
2006 -10.4 114.9
2007 -8.3 118.8
2008 -8.0 81.2
2009 -9.8 84.8
2010 18.1 216.1
2011 -6.0 215.5
2012 -12.0 227.0
2013 -15.3 240.7
2014 -14.6 247.2
2015 -11.2 245.0
2016 -7.9 256.0
2017 -12.5 271.7
2018 -12.1 264.8

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
Pittsburgh Police
2002-2018

Fiscal Year Pittsburgh Police National Average
2002 -11.2 -2.6
2003 -9.3 -2.5
2004 -10.5 -2.6
2005 -9.0 -2.2
2006 -9.1 -2.2
2007 -7.0 -2.3
2008 -9.8 -2.9
2009 -11.5 -3.2
2010 8.4 -3.2
2011 -2.8 -3.4
2012 -5.3 -3.3
2013 -6.4 -3.1
2014 -5.9 -2.9
2015 -4.6 -3.1
2016 -3.1 -3.2
2017 -4.6 -2.9
2018 -4.6 -3.1

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports

Benefits

Website for Pittsburgh Police benefit descriptions.