State Data » New Hampshire » Manchester Employees' Contributory Retirement System » Manchester Employees' Contributory Retirement System

Manchester Employees' Contributory Retirement System 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 Employees' Contributory Retirement System, 2001-2018

Fiscal Year Net Assets (billions)
2001 0.1
2002 0.1
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 0.2
2013 0.2
2014 0.2
2015 0.2
2016 0.2
2017 0.2
2018 0.2

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2018

Fiscal Year Manchester Employees' Contributory Retirement System US State and Local Pensions
2001 2.7 2.5
2002 2.6 2.4
2003 2.6 2.3
2004 2.6 2.3
2005 2.5 2.2
2006 2.4 2.1
2007 2.3 2.1
2008 2.2 2.1
2009 2.1 2.0
2010 2.0 1.9
2011 1.8 1.7
2012 1.7 1.7
2013 1.6 1.6
2014 1.6 1.5
2015 1.5 1.4
2016 1.4 1.4
2017 1.3 1.3
2018 1.2 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 Manchester Employees' Contributory Retirement System, 2001-2018

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}
2001 2.9 0.0 5.0 2.9 2.9
2002 4.6 0.0 4.8 4.6 4.6
2003 7.9 0.0 5.7 7.9 7.9
2004 8.7 0.0 7.3 8.7 8.7
2005 8.6 0.0 9.0 8.6 8.6
2006 10.7 0.0 9.3 10.7 10.7
2007 11.9 0.0 10.0 11.9 11.9
2008 13.5 0.0 10.4 13.5 13.5
2009 16.3 0.0 10.2 16.3 16.3
2010 18.0 0.0 10.5 18.0 18.0
2011 17.8 0.0 12.5 17.8 17.8
2012 19.9 0.0 12.9 19.9 19.9
2013 19.1 0.0 14.0 19.1 19.1
2014 20.2 0.0 14.4 20.2 20.2
2015 21.9 0.0 14.9 21.9 21.9
2016 15.9 0.0 14.8 15.9 15.9
2017 22.9 0.0 15.1 22.9 22.9
2018 25.3 0.0 15.9 25.3 25.3

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Manchester Employees' Contributory Retirement System, 2001-2018

Fiscal Year Manchester Employees' Contributory Retirement System National Data
2001 98.4 106.5
2002 84.5 101.1
2003 81.9 94.2
2004 82.2 93.1
2005 77.0 91.1
2006 73.2 90.5
2007 74.2 91.2
2008 62.5 90.2
2009 60.5 83.2
2010 62.4 81.5
2011 61.6 80.4
2012 61.6 78.9
2013 63.5 78.7
2014 64.3 79.0
2015 63.3 78.2
2016 63.7 76.3
2017 63.0 76.4
2018 62.0 76.6

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 Manchester Employees' Contributory Retirement System, 2018

Category Percent
Equities 44.9
Fixed Income 16.0
Private Equity 5.2
Real Estate 11.0
Cash 2.2
Other 0.0
Commodities 0.0
Hedge Fund 15.3
Misc. Alternatives 5.4

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 1.9
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Manchester Employees' Contributory Retirement System, 2001-2018

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 52.3 20.1 2.1 0.0 7.8 0.0 0.0 17.0 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

Source: Public Plans Database


Annual Return as of December 31 for Manchester Employees' Contributory Retirement System, 2001-2018

Fiscal Year Manchester Employees' Contributory Retirement System 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 7.50
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 7.25
2018 -5.00 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Manchester Employees' Contributory Retirement System
2001-2018

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 -0.0 192.6
2015 -1.3 186.5
2016 -6.0 191.9
2017 -3.0 219.2
2018 -3.6 203.9

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Manchester Employees' Contributory Retirement System
2001-2018

Fiscal Year Manchester Employees' Contributory Retirement System National Average
2001 -2.9 -2.0
2002 -2.8 -2.7
2003 -1.0 -2.2
2004 -0.3 -1.6
2005 0.8 -2.0
2006 0.9 -1.9
2007 -0.0 -2.0
2008 0.2 -3.0
2009 1.0 -2.6
2010 1.1 -2.4
2011 1.0 -2.7
2012 1.4 -2.6
2013 0.4 -2.3
2014 -0.0 -2.3
2015 -0.7 -2.7
2016 -3.1 -2.2
2017 -1.4 -2.7
2018 -1.7 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports