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

Assets at Year-End, Manchester ERS, 2001-2022

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

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2022

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

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 Manchester ERS, 2001-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 2.9 0.0 5.3 2.9
2002 4.6 0.0 5.2 4.6
2003 7.9 0.0 6.0 7.9
2004 8.7 0.0 7.8 8.7
2005 8.6 0.0 9.6 8.6
2006 10.7 0.0 9.9 10.7
2007 11.9 0.0 10.6 11.9
2008 13.5 0.0 11.0 13.5
2009 16.3 0.0 11.0 16.3
2010 18.0 0.0 11.6 18.0
2011 17.8 0.0 13.4 17.8
2012 19.9 0.0 14.1 19.9
2013 19.1 0.0 15.1 19.1
2014 20.2 0.0 15.7 20.2
2015 21.9 0.0 15.7 21.9
2016 15.9 0.0 15.6 15.9
2017 22.9 0.0 15.5 22.9
2018 25.3 0.0 16.2 25.3
2019 26.9 0.0 16.4 26.9
2020 28.5 0.0 16.8 28.5
2021 31.3 0.0 17.4 31.3
2022 32.7 0.0 18.1 32.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Manchester ERS, 2001-2022

Fiscal Year Manchester ERS National Data
2001 98.4 101.7
2002 84.5 94.6
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

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Manchester ERS, 2022

Category Percent
Equities 49.1
Fixed Income 18.3
Private Equity 14.6
Real Estate 15.1
Cash 2.9
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, 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 Manchester ERS, 2001-2022

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

Source: Public Plans Database

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Annual Return as of December 31 for Manchester ERS, 2001-2022

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

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

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

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

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
Manchester ERS
2001-2022

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

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.