State Data » Vermont » Burlington ERS » Burlington (VT) ERS

Burlington (VT) 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 (VT) ERS, 2001-2022

Fiscal Year Net Assets (billions)
2001 0.10
2002 0.09
2003 0.09
2004 0.10
2005 0.10
2006 0.11
2007 0.13
2008 0.12
2009 0.10
2010 0.11
2011 0.13
2012 0.14
2013 0.15
2014 0.16
2015 0.16
2016 0.16
2017 0.18
2018 0.19
2019 0.19
2020 0.19
2021 0.25
2022 0.21

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Burlington (VT) ERS US State and Local Pensions
2001 2.3 2.4
2002 2.2 2.3
2003 2.1 2.2
2004 2.1 2.1
2005 2.0 2.1
2006 1.9 2.0
2007 2.0 2.0
2008 1.8 1.9
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 1.4
2015 1.4 1.4
2016 1.3 1.4
2017 1.3 1.4
2018 1.3 1.3
2019 1.2 1.3
2020 1.1 1.3
2021 1.1 1.2
2022 1.0 1.2
2023 1.1 1.2

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 Burlington (VT) ERS, 2009-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2009 14.8 0.0 11.0 14.6
2010 14.0 0.0 11.6 13.9
2011 15.8 0.0 13.4 15.8
2012 17.2 0.0 14.1 17.2
2013 17.9 0.0 15.1 17.9
2014 17.5 0.0 15.7 17.5
2015 19.9 0.0 15.7 19.9
2016 18.4 0.0 15.6 18.4
2017 20.2 0.0 15.5 20.2
2018 18.7 0.0 16.2 18.7
2019 18.9 0.0 16.4 18.9
2020 19.2 0.0 16.8 19.2
2021 19.6 0.0 17.4 19.6
2022 20.3 0.0 18.1 20.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Burlington (VT) ERS, 2001-2023

Fiscal Year Burlington (VT) ERS National Data
2001 112.3 101.7
2002 103.5 94.6
2003 93.6 88.8
2004 91.5 87.0
2005 81.7 85.4
2006 77.1 85.2
2007 79.9 86.3
2008 82.6 84.4
2009 76.7 78.4
2010 72.8 75.7
2011 71.0 74.3
2012 70.2 72.3
2013 69.4 71.8
2014 71.1 73.2
2015 73.3 73.2
2016 71.5 71.6
2017 72.8 72.0
2018 73.2 72.4
2019 72.8 72.5
2020 71.6 72.6
2021 70.6 75.8
2022 69.7 76.2
2023 66.9 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Burlington (VT) ERS, 2022

Category Percent
Equities 71.2
Fixed Income 18.1
Private Equity 0.4
Real Estate 0.0
Cash 3.4
Other 0.0
Commodities 6.9
Hedge Fund 0.0
Misc. Alternatives 0.0

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 Burlington (VT) ERS, 2009-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2009 60.8 22.8 0.6 5.2 0.1 9.9 0.6 0.0 0.0
2010 38.6 43.3 0.7 4.0 1.3 7.3 4.8 0.0 0.0
2011 35.7 34.0 1.3 4.0 1.9 14.0 4.6 4.5 0.0
2012 34.8 33.5 0.0 0.0 0.8 17.9 8.5 4.4 0.0
2013 37.0 29.5 0.0 0.0 0.8 17.9 10.2 4.6 0.0
2014 36.0 30.0 0.0 0.0 0.0 19.0 10.4 4.6 0.0
2015 35.7 34.5 0.0 0.0 0.0 14.9 10.2 4.7 0.0
2016 70.0 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 69.0 19.3 0.0 0.0 1.6 0.0 10.1 0.0 0.0
2019 69.4 20.4 0.0 0.0 0.3 0.0 9.9 0.0 0.0
2020 70.2 20.2 0.0 0.0 0.6 0.0 9.0 0.0 0.0
2021 76.5 16.2 0.0 0.0 1.0 0.0 6.3 0.0 0.0
2022 71.2 18.1 0.4 0.0 3.4 0.0 6.9 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Burlington (VT) ERS, 2001-2022

Fiscal Year Burlington (VT) ERS Assumed return
2001 -9.91 8.00
2002 -9.81 8.00
2003 -0.13 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 -0.15 8.00
2017 -1.30 8.00
2018 10.25 7.50
2019 5.20 7.40
2020 5.25 7.30
2021 31.10 7.20
2022 -13.20 7.10

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Burlington (VT) ERS
2001-2022

Fiscal Year Cash Flow Assets
2001 -3.0 101.5
2002 -2.8 88.8
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
2019 -3.9 194.7
2020 -4.6 194.6
2021 -5.5 248.9
2022 -6.9 209.4

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
Burlington (VT) ERS
2001-2022

Fiscal Year Burlington (VT) ERS National Average
2001 -3.0 -2.0
2002 -3.2 -2.4
2003 -3.8 -2.5
2004 -2.0 -1.8
2005 -1.5 -2.2
2006 -1.0 -2.2
2007 0.8 -2.0
2008 0.4 -2.1
2009 0.0 -3.1
2010 -0.3 -3.2
2011 -0.2 -3.0
2012 -0.2 -3.2
2013 -0.1 -3.1
2014 -0.7 -2.9
2015 -1.2 -2.7
2016 -1.8 -2.9
2017 -1.8 -2.8
2018 -1.7 -2.4
2019 -2.0 -2.4
2020 -2.4 -2.3
2021 -2.2 -2.0
2022 -3.3 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Burlington (VT) ERS benefit descriptions.