State Data » Vermont » Burlington ERS » Burlington ERS

Burlington ERS Basics

  • Established 1954
  • 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, Burlington ERS, 2003-2018

Fiscal Year Net Assets (billions)
2003 0.1
2004 0.1
2005 0.1
2006 0.1
2007 0.1
2008 0.1
2009 0.1
2010 0.1
2011 0.1
2012 0.1
2013 0.1
2014 0.2
2015 0.2
2016 0.2
2017 0.2
2018 0.2

Source: Public Plans Database

Number of Actives per Annuitant, 2003-2018

Fiscal Year Burlington ERS US State and Local Pensions
2003 2.1 2.3
2004 2.1 2.2
2005 2.0 2.1
2006 1.9 2.1
2007 2.0 2.0
2008 1.8 2.0
2009 1.9 1.9
2010 2.3 1.8
2011 1.7 1.7
2012 1.7 1.6
2013 1.6 1.5
2014 1.6 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 Burlington ERS, 2003-2018

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}
2003 4.2 0.0 5.7 3.9 3.9
2004 8.6 0.0 7.3 8.4 8.4
2005 9.7 5.2 9.0 14.9 14.9
2006 12.7 2.4 9.3 15.1 15.1
2007 16.8 0.0 10.0 15.4 15.4
2008 16.3 0.2 10.4 16.4 16.4
2009 14.8 0.0 10.2 14.5 14.5
2010 14.0 0.0 10.5 14.0 14.0
2011 15.8 0.0 12.5 15.8 15.8
2012 17.2 0.0 12.9 17.2 17.2
2013 17.9 0.0 13.9 17.9 17.9
2014 17.5 0.0 14.5 17.5 17.5
2015 18.6 0.0 14.9 18.6 18.6
2016 17.9 0.0 14.8 17.9 17.9
2017 20.2 0.0 15.1 20.2 20.2
2018 18.7 0.0 18.1 18.7 18.7

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Burlington ERS, 2003-2018

Fiscal Year Burlington ERS National Data
2003 93.6 94.2
2004 91.5 93.1
2005 81.7 91.1
2006 77.1 90.5
2007 79.9 91.2
2008 82.6 90.2
2009 76.7 83.2
2010 72.8 81.5
2011 71.0 80.4
2012 70.2 78.9
2013 69.4 78.7
2014 71.1 79.0
2015 73.3 78.2
2016 71.5 76.3
2017 72.8 76.4
2018 73.2 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 Burlington ERS, 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 Burlington ERS, 2003-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
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 60.8 22.8 0.6 5.2 0.1 0.0 0.6 9.9 0.0
2010 38.6 43.3 0.7 4.0 1.3 0.0 4.8 7.3 0.0
2011 35.7 34.0 1.3 4.0 1.9 0.0 4.6 18.5 0.0
2012 34.8 33.5 0.0 0.0 0.8 0.0 8.5 22.3 0.0
2013 37.0 29.5 0.0 0.0 0.8 0.0 10.2 22.5 0.0
2014 36.0 30.0 0.0 0.0 0.0 0.0 10.4 23.5 0.0
2015 35.7 34.5 0.0 0.0 0.0 0.0 10.2 19.6 0.0
2016 69.9 27.2 0.0 0.0 0.7 0.0 2.1 0.0 0.0
2017 71.6 17.4 0.0 0.0 0.4 0.0 10.6 0.0 0.0
2018 null null null null null null null null null

Source: Public Plans Database


Annual Return as of June 30 for Burlington ERS, 2003-2018

Fiscal Year Burlington ERS Assumed return
2003 -0.14 8.00
2004 13.63 8.00
2005 7.35 8.00
2006 8.98 8.00
2007 16.89 8.00
2008 -7.69 8.00
2009 -19.50 8.00
2010 18.70 8.00
2011 20.70 8.00
2012 1.90 8.00
2013 8.20 8.00
2014 13.62 8.00
2015 -0.15 8.00
2016 -1.30 8.00
2017 10.25 8.00
2018 9.80 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Burlington ERS
2003-2018

Fiscal Year Cash Flow Assets
2003 -3.2 85.5
2004 -1.9 95.1
2005 -1.5 100.5
2006 -1.1 108.4
2007 1.0 127.8
2008 0.5 118.5
2009 -0.0 95.2
2010 -0.4 111.8
2011 -0.3 134.1
2012 -0.3 135.5
2013 -0.1 145.7
2014 -1.1 164.2
2015 -1.9 161.7
2016 -2.8 156.8
2017 -3.2 175.5
2018 -3.2 189.0

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Burlington ERS
2003-2018

Fiscal Year Burlington ERS National Average
2003 -3.8 -2.6
2004 -2.0 -1.7
2005 -1.5 -1.9
2006 -1.0 -1.9
2007 0.8 -1.7
2008 0.4 -1.9
2009 -0.0 -2.7
2010 -0.3 -2.9
2011 -0.2 -2.8
2012 -0.2 -3.1
2013 -0.1 -3.0
2014 -0.7 -2.7
2015 -1.2 -2.8
2016 -1.8 -3.0
2017 -1.8 -2.9
2018 -1.7 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports