State Data » Pennsylvania » Pittsburgh Municipal » Pittsburgh Municipal

Pittsburgh Municipal Basics

  • Established 1915
  • Currently open to new hires
  • Plan covers local employees
  • Plan members not covered by Social Security
  • Multiple employer, agent plan

Assets, Participants, and Benefits

Assets at Year-End, Pittsburgh Municipal, 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 0.2
2011 0.2
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 Pittsburgh Municipal US State and Local Pensions
2001 null 3.1
2002 1.5 2.9
2003 null 2.5
2004 1.1 2.5
2005 null 2.5
2006 1.1 2.4
2007 null 2.3
2008 1.1 2.2
2009 null 2.1
2010 1.1 1.8
2011 null 1.7
2012 1.1 1.7
2013 null 1.6
2014 1.0 1.5
2015 null 1.5
2016 1.0 1.5
2017 null 1.5
2018 1.0 1.4

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 Pittsburgh Municipal, 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 null 0.0 9.5 null null
2002 4.1 0.0 10.1 4.1 4.1
2003 6.3 0.0 10.4 6.3 6.3
2004 12.1 0.0 11.1 12.1 12.1
2005 14.7 0.0 12.1 14.7 14.7
2006 15.2 0.0 12.3 15.2 15.2
2007 16.7 0.0 11.6 16.7 16.7
2008 14.3 0.0 10.1 14.3 14.3
2009 13.1 0.0 11.5 13.1 13.1
2010 28.5 0.0 12.8 12.7 12.7
2011 18.3 0.0 13.6 13.0 13.0
2012 17.4 0.0 14.4 9.6 9.6
2013 15.9 0.0 16.7 12.3 12.3
2014 62.1 0.0 16.5 37.6 37.6
2015 77.3 0.0 17.0 52.0 52.0
2016 90.1 0.0 17.0 53.0 53.0
2017 85.6 0.0 14.3 59.8 59.8
2018 103.5 0.0 14.7 59.5 59.5

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Pittsburgh Municipal, 2001-2018

Fiscal Year Pittsburgh Municipal National Data
2001 null 98.7
2002 43.2 85.4
2003 45.1 83.7
2004 46.9 84.1
2005 48.3 83.5
2006 49.6 86.8
2007 46.1 89.5
2008 43.1 77.0
2009 45.0 73.3
2010 46.9 75.5
2011 55.2 73.4
2012 62.4 74.9
2013 61.6 75.4
2014 60.8 77.4
2015 60.5 79.1
2016 60.3 76.5
2017 61.1 77.6
2018 61.9 75.6

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 Pittsburgh Municipal, 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 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
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 Pittsburgh Municipal, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
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 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 null null null null null null null null null
2018 null null null null null null null null null

Source: Public Plans Database


Annual Return as of December 31 for Pittsburgh Municipal, 2001-2018

Fiscal Year Pittsburgh Municipal Assumed return
2001 null 9.00
2002 -10.61 9.00
2003 24.50 8.88
2004 11.10 8.75
2005 7.60 8.75
2006 12.10 8.75
2007 11.60 8.75
2008 -27.00 8.00
2009 23.30 8.00
2010 5.60 8.00
2011 -2.50 8.00
2012 14.10 8.00
2013 17.60 7.50
2014 6.48 7.50
2015 0.04 7.50
2016 8.43 7.25
2017 14.96 7.25
2018 -5.03 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Pittsburgh Municipal
2001-2018

Fiscal Year Cash Flow Assets
2001 null 111.5
2002 -8.5 91.6
2003 -7.7 104.4
2004 -5.3 109.8
2005 -5.4 110.5
2006 -4.6 117.7
2007 -4.8 125.8
2008 -4.8 88.7
2009 -4.8 99.5
2010 7.0 166.6
2011 -4.1 166.8
2012 -6.0 179.4
2013 -8.4 194.5
2014 -9.3 202.6
2015 -7.2 199.8
2016 -5.1 210.4
2017 -1.8 230.9
2018 1.9 223.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Pittsburgh Municipal
2001-2018

Fiscal Year Pittsburgh Municipal National Average
2001 null -0.6
2002 -9.3 -0.2
2003 -7.4 -0.9
2004 -4.8 -1.0
2005 -4.9 -1.2
2006 -3.9 -1.5
2007 -3.8 -1.6
2008 -5.4 -2.7
2009 -4.9 -2.8
2010 4.2 -2.9
2011 -2.5 -3.4
2012 -3.3 -3.6
2013 -4.3 -3.2
2014 -4.6 -3.4
2015 -3.6 -3.9
2016 -2.4 -3.8
2017 -0.8 -3.5
2018 0.8 -3.9

Source: Public Plans Database

National data averages are weighted by plan size.

2018 Financial Reports