State Data » Vermont » Vermont Municipal Employees » Vermont Municipal Employees

Vermont Municipal Employees Basics

  • Established 1975
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, agent plan

Assets, Participants, and Benefits

Assets at Year-End, Vermont Municipal Employees, 2001-2019

Fiscal Year Net Assets (billions)
2001 0.2
2002 0.2
2003 0.2
2004 0.2
2005 0.3
2006 0.3
2007 0.3
2008 0.3
2009 0.3
2010 0.3
2011 0.4
2012 0.4
2013 0.5
2014 0.5
2015 0.5
2016 0.5
2017 0.6
2018 0.7
2019 0.7

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Vermont Municipal Employees US State and Local Pensions
2001 5.6 2.5
2002 5.5 2.4
2003 5.3 2.3
2004 5.1 2.2
2005 5.3 2.1
2006 4.8 2.1
2007 4.7 2.0
2008 4.4 2.0
2009 4.2 1.9
2010 4.0 1.8
2011 3.6 1.7
2012 3.3 1.6
2013 3.1 1.5
2014 2.8 1.5
2015 2.6 1.5
2016 2.5 1.4
2017 2.5 1.4
2018 2.3 1.3
2019 2.2 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 Vermont Municipal Employees, 2001-2019

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 4.5 0.0 5.0 4.5 4.5
2002 4.7 0.0 4.8 4.7 4.7
2003 4.6 0.0 5.7 4.6 4.6
2004 4.9 0.0 7.3 4.9 4.9
2005 5.0 0.0 9.0 5.0 5.0
2006 5.3 0.0 9.3 5.3 5.3
2007 5.3 0.0 10.0 5.3 5.3
2008 0.0 0.0 10.4 0.0 0.0
2009 0.0 0.0 10.2 0.0 0.0
2010 5.2 0.0 10.5 5.2 5.2
2011 5.4 0.0 12.5 5.4 5.4
2012 5.4 0.0 12.9 5.4 5.4
2013 5.5 0.0 13.9 5.5 5.5
2014 5.5 0.0 14.5 5.5 5.5
2015 5.7 0.0 14.9 4.4 4.4
2016 5.9 0.0 14.8 5.9 5.9
2017 6.0 0.0 15.1 4.7 4.7
2018 6.0 0.0 18.1 5.2 5.2
2019 6.3 0.0 18.8 5.6 5.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Vermont Municipal Employees, 2001-2019

Fiscal Year Vermont Municipal Employees National Data
2001 112.1 106.5
2002 109.7 101.1
2003 102.0 94.2
2004 103.5 93.1
2005 104.4 91.1
2006 104.4 90.5
2007 105.1 91.2
2008 101.5 90.2
2009 90.3 83.2
2010 92.0 81.5
2011 92.3 80.4
2012 85.4 78.9
2013 84.4 78.7
2014 86.2 79.0
2015 77.8 78.2
2016 78.1 76.3
2017 84.1 76.4
2018 82.2 76.5
2019 80.1 76.1

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 Vermont Municipal Employees, 2019

Category Percent
Equities 49.3
Fixed Income 35.3
Private Equity 4.3
Real Estate 6.2
Cash 0.3
Other 0.0
Commodities 0.0
Hedge Fund 4.7
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Vermont Municipal Employees, 2001-2019

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 63.0 27.3 0.6 8.2 0.0 0.9 0.0 0.0 0.0
2004 58.9 32.4 0.6 7.2 0.1 0.8 0.0 0.0 0.0
2005 56.4 35.3 0.6 6.9 0.0 0.7 0.0 0.0 0.0
2006 51.0 30.8 0.5 6.8 0.0 0.0 0.6 10.4 0.0
2007 53.6 29.4 0.2 6.1 0.0 0.0 0.3 10.0 0.0
2008 52.0 30.5 0.3 6.7 0.1 10.4 0.0 0.0 0.0
2009 56.0 21.9 0.3 4.7 0.0 0.0 0.0 17.1 0.0
2010 40.2 41.3 0.0 3.5 0.0 0.0 2.0 13.0 0.0
2011 36.6 37.2 0.1 3.8 0.0 0.0 2.2 20.1 0.0
2012 32.9 36.5 0.0 4.4 0.0 0.0 1.9 24.3 0.0
2013 35.6 31.5 0.3 4.6 0.0 0.0 3.7 24.2 0.0
2014 32.9 32.7 0.5 4.6 0.0 0.0 3.9 25.2 0.0
2015 34.1 35.4 0.9 5.7 0.0 0.0 3.0 20.7 0.0
2016 40.9 32.0 1.3 6.0 0.1 0.0 2.8 17.0 0.0
2017 46.0 33.4 1.5 6.1 0.1 0.0 0.0 12.9 0.0
2018 53.3 32.2 3.3 4.5 0.1 0.0 0.0 6.5 0.0
2019 49.3 35.3 4.3 6.2 0.3 0.0 0.0 4.7 0.0

Source: Public Plans Database


Annual Return as of June 30 for Vermont Municipal Employees, 2001-2019

Fiscal Year Vermont Municipal Employees Assumed return
2001 10.99 8.00
2002 7.07 8.00
2003 1.90 8.00
2004 14.80 8.00
2005 8.10 8.00
2006 11.30 8.00
2007 16.60 8.00
2008 -6.10 8.00
2009 -18.20 8.00
2010 18.30 8.00
2011 21.00 8.50
2012 2.40 8.50
2013 8.80 8.50
2014 6.70 8.50
2015 2.30 8.50
2016 1.10 7.95
2017 10.80 7.50
2018 6.70 7.50
2019 5.80 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Vermont Municipal Employees
2001-2019

Fiscal Year Cash Flow Assets
2001 -0.4 171.8
2002 3.6 172.5
2003 22.3 197.5
2004 8.1 232.9
2005 7.4 258.5
2006 7.1 293.3
2007 7.9 347.8
2008 -1.3 327.1
2009 6.0 276.2
2010 8.1 331.9
2011 8.1 406.9
2012 6.0 420.5
2013 7.8 463.2
2014 7.0 534.5
2015 3.7 535.9
2016 4.3 547.0
2017 13.0 619.5
2018 4.4 667.8
2019 2.9 709.5

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Vermont Municipal Employees
2001-2019

Fiscal Year Vermont Municipal Employees National Average
2001 -0.2 -2.3
2002 2.1 -2.3
2003 11.3 -2.6
2004 3.5 -1.7
2005 2.9 -1.9
2006 2.4 -1.9
2007 2.3 -1.7
2008 -0.4 -1.9
2009 2.2 -2.7
2010 2.4 -2.9
2011 2.0 -2.8
2012 1.4 -3.1
2013 1.7 -3.0
2014 1.3 -2.7
2015 0.7 -2.8
2016 0.8 -3.0
2017 2.1 -2.9
2018 0.7 -2.4
2019 0.4 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports