Plan Data | Public Plans Data

Manchester ERS Basics

Established 1974
Currently open to new hires
Plan covers local employees
Plan members covered by Social Security
Single employer

Assets, Participants, and Benefits

State and local government pension benefits are paid from trust funds to which public employees and their employers contributed while they were working, not from general operating revenues. Trust fund assets are invested and grow over time. The combined value of defined benefit plan assets he...Read more »

Assets at Year-End, Manchester ERS, 2001-2023

Fiscal Year	Net Assets (billions)
2001	0.09
2002	0.07
2003	0.10
2004	0.11
2005	0.12
2006	0.13
2007	0.15
2008	0.10
2009	0.13
2010	0.14
2011	0.14
2012	0.16
2013	0.19
2014	0.19
2015	0.19
2016	0.19
2017	0.22
2018	0.20
2019	0.23
2020	0.26
2021	0.29
2022	0.25
2023	0.27

Source: Public Plans Database

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State and local employees make up around 10-15 percent of the US workforce. About a quarter of public sector workers are covered by a public pension in lieu of Social Security, including nearly half of all teachers and over two-thirds of firefighters and public safety officers. Public employees live in...Read more »

Number of Actives per Annuitant, 2001-2023

Fiscal Year	Manchester ERS	US State and Local Pensions
2001	2.7	2.4
2002	2.6	2.3
2003	2.6	2.2
2004	2.6	2.1
2005	2.5	2.1
2006	2.4	2.0
2007	2.3	2.0
2008	2.2	1.9
2009	2.1	1.9
2010	2.0	1.8
2011	1.8	1.7
2012	1.7	1.6
2013	1.6	1.5
2014	1.6	1.4
2015	1.5	1.4
2016	1.4	1.4
2017	1.3	1.4
2018	1.2	1.3
2019	1.2	1.3
2020	1.1	1.3
2021	1.0	1.2
2022	1.0	1.2
2023	1.0	1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2023 Membership for Manchester ERS

Actives	Beneficiaries	Total Membership
1,119	1,088	2,333

Source: Public Plans Database

Costs

The Annual Required Contribution (ARC) is the amount needed to finance benefits accrued each year, plus the cost to amortize unfunded liabilities from past years, minus required employee contributions. It is a projection that matches a yearly payment amount to a particular amortization period, tak...Read more »

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Manchester ERS, 2001-2023

Fiscal Year	Portion of Employer ARC paid	US Avg Employer ARC	ARC as a Percent of Payroll
2001	2.9	5.3	2.9
2002	4.6	5.2	4.6
2003	7.9	6.0	7.9
2004	8.7	7.8	8.7
2005	8.6	9.6	8.6
2006	10.7	9.9	10.7
2007	11.9	10.6	11.9
2008	13.5	11.0	13.5
2009	16.3	11.0	16.3
2010	18.0	11.6	18.0
2011	17.8	13.4	17.8
2012	19.9	14.1	19.9
2013	19.1	15.1	19.1
2014	20.2	15.8	20.2
2015	21.9	15.8	21.9
2016	15.9	15.7	15.9
2017	22.9	15.6	22.9
2018	25.3	16.3	25.3
2019	26.9	16.6	26.9
2020	28.5	17.0	28.5
2021	31.3	17.6	31.3
2022	32.7	17.7	32.7
2023	32.6	17.0	32.6

Note: The employer's annual required contribution as a percent of payroll is calculated by dividing the dollar amount reported in the schedule of employer contributions by the covered payroll reported in the schedule of funding. The U.S. Average Employer data reflects the average for plans of simi...Read more »

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

While funded ratios among pension plans vary substantially, in the aggregate, public pension funding levels rose steadily during the 1990s, due largely to strong returns in global equity markets. Since then, sharp market downturns in 2000-02 and 2008-09 negatively affected asset values and incr...Read more »

Actuarial Funded Ratio for Manchester ERS, 2001-2023

Fiscal Year	Manchester ERS	National Data
2001	98.4	101.7
2002	84.5	94.5
2003	81.9	88.8
2004	82.2	87.0
2005	77.0	85.4
2006	73.2	85.2
2007	74.2	86.3
2008	62.5	84.4
2009	60.5	78.4
2010	62.4	75.7
2011	61.6	74.3
2012	61.6	72.3
2013	63.5	71.8
2014	64.3	73.2
2015	63.3	73.2
2016	63.7	71.6
2017	63.0	72.0
2018	62.0	72.4
2019	61.8	72.5
2020	59.2	72.6
2021	62.2	75.8
2022	62.0	76.2
2023	62.7	75.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

The major asset allocation classes presented in the PPD are generated from the specific asset classes that plans report. For consistent reporting in the PPD, the individual asset classes reported by plans are categorized as one of eight major asset classes: equity, fixed income, real estate, private equ...Read more »

Asset Allocation for Manchester ERS, 2023

Category	Percent
Equities	51.9
Fixed Income	18.2
Private Equity	15.2
Real Estate	12.0
Cash	2.7
Other	0.0
Commodities	0.0
Hedge Fund	0.0
Misc. Alternatives	0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category	Percent
Equities	42.5
Fixed Income	20.4
Private Equity	14.0
Real Estate	10.3
Cash	1.9
Other	0.0
Commodities	2.7
Hedge Fund	6.4
Misc. Alternatives	1.9

Note: The most recent year of data contains virtually all the plans in the PPD.

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Manchester ERS, 2001-2023

Fiscal Year	Equities	Fixed Income	Private Equity	Real Estate	Cash	Hedge Fund	Misc. Alternatives
2001	44.0	27.0	3.4	0.0	8.1	17.5	0.0
2002	39.4	30.3	3.3	0.0	9.5	17.6	0.0
2003	52.9	18.7	2.4	0.0	9.0	17.0	0.0
2004	52.7	20.2	2.1	0.0	7.9	17.1	0.0
2005	45.7	17.3	1.3	7.0	2.2	26.7	0.0
2006	46.1	17.7	1.0	6.5	1.0	27.7	0.0
2007	46.0	17.1	0.8	6.8	2.4	26.9	0.0
2008	32.7	21.5	0.8	10.1	5.0	29.9	0.0
2009	32.2	20.3	0.6	5.8	13.8	27.5	0.0
2010	41.1	20.7	0.0	10.1	3.2	14.7	10.2
2011	39.8	21.9	0.0	8.0	4.9	15.0	10.4
2012	41.4	21.3	0.0	7.1	6.0	14.6	9.6
2013	48.0	19.7	0.0	5.7	2.5	13.4	10.7
2014	44.1	21.4	0.0	6.2	2.8	13.5	12.0
2015	47.7	16.0	0.0	7.6	2.4	13.8	12.5
2016	44.4	20.6	0.0	8.6	1.5	11.8	13.0
2017	50.8	14.7	3.2	8.8	1.9	15.2	5.4
2018	44.9	16.0	5.2	11.0	2.2	15.3	5.4
2019	53.0	20.0	5.8	10.3	4.4	6.5	0.0
2020	56.4	13.8	8.0	9.9	1.8	4.7	5.4
2021	57.4	18.1	10.5	11.1	2.9	0.0	0.0
2022	49.1	18.3	14.6	15.1	2.9	0.0	0.0
2023	51.9	18.2	15.2	12.0	2.7	0.0	0.0

Source: Public Plans Database

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Annual Return as of December 31 for Manchester ERS, 2001-2023

Fiscal Year	Manchester ERS	Assumed return
2001	-5.82	7.50
2002	-10.70	7.50
2003	27.90	7.50
2004	11.10	7.50
2005	8.40	7.50
2006	14.10	7.50
2007	11.60	7.50
2008	-29.00	7.50
2009	20.10	7.50
2010	14.40	7.50
2011	-3.00	7.25
2012	11.10	7.25
2013	16.50	7.25
2014	4.30	7.25
2015	-2.00	7.25
2016	7.10	7.25
2017	16.20	7.00
2018	-5.00	7.00
2019	16.50	7.00
2020	14.20	6.75
2021	10.30	6.75
2022	-14.20	6.75
2023	12.70	6.75

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page. he FYE date for the majority of plans is either June 30th or December 31st. hose with FYE dates that do not fall on either of those two dates are compared with the June 30th plans. he PPD a...Read more »

Source: Public Plans Database

National data averages are weighted by plan size.

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Annualized 5-Year Return

Manchester ERS	PPD Sample
7.9	8.5

Annualized 10-Year Return

Manchester ERS	PPD Sample
5.9	7.8

Cash Flows

Cash Flow vs. Total Assets (Millions)
Manchester ERS
2001-2023

Fiscal Year	Cash Flow	Assets
2001	-2.5	85.8
2002	-2.1	74.8
2003	-1.0	95.6
2004	-0.3	106.2
2005	0.9	115.6
2006	1.2	132.6
2007	-0.1	147.2
2008	0.2	104.2
2009	1.3	125.4
2010	1.6	144.2
2011	1.4	140.6
2012	2.3	159.8
2013	0.7	185.9
2014	0.0	191.9
2015	-1.3	186.5
2016	-6.0	191.9
2017	-3.0	219.2
2018	-3.6	203.9
2019	-3.7	232.8
2020	-3.7	259.9
2021	-3.5	287.3
2022	-3.3	245.6
2023	-3.2	273.6

Source: Public Plans Database

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2023 Cash Flows for Manchester ERS (millions)

Inflows	Outflows	Investment Gains (losses)	Change in Net Assets
22.9	26.1	31.2	28.0

Source: Public Plans Database

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
Manchester ERS
2001-2023

Fiscal Year	Manchester ERS	National Average
2001	-2.9	-2.3
2002	-2.8	-1.0
2003	-1.0	-2.4
2004	-0.3	-2.6
2005	0.8	-2.2
2006	0.9	-2.2
2007	0.0	-2.2
2008	0.2	-2.9
2009	1.0	-3.2
2010	1.1	-3.2
2011	1.0	-3.4
2012	1.4	-3.3
2013	0.4	-3.1
2014	0.0	-2.9
2015	-0.7	-3.1
2016	-3.1	-3.2
2017	-1.4	-2.9
2018	-1.7	-3.1
2019	-1.6	-3.1
2020	-1.4	-2.8
2021	-1.2	-2.5
2022	-1.3	-2.9
2023	-1.2	-2.8

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Manchester ERS benefit descriptions.

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Plan Data: Manchester ERS

Manchester ERS Basics

Assets, Participants, and Benefits

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2023 Membership for Manchester ERS

Costs

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Actuarial Funding

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Investments

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Annualized 5-Year Return

Annualized 10-Year Return

Cash Flows

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2023 Cash Flows for Manchester ERS (millions)

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2022 Financial Reports

Benefits

Contact information (OPTIONAL)