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, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Vermont Municipal Employees, 2001-2023

Fiscal Year Net Assets (billions)
2001 0.17
2002 0.17
2003 0.20
2004 0.23
2005 0.26
2006 0.29
2007 0.35
2008 0.33
2009 0.28
2010 0.33
2011 0.41
2012 0.42
2013 0.46
2014 0.53
2015 0.54
2016 0.55
2017 0.62
2018 0.67
2019 0.71
2020 0.74
2021 0.93
2022 0.85
2023 0.91

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Vermont Municipal Employees US State and Local Pensions
2001 5.6 2.4
2002 5.5 2.3
2003 5.3 2.2
2004 5.1 2.1
2005 5.3 2.1
2006 4.8 2.0
2007 4.7 2.0
2008 4.4 1.9
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 1.4
2015 2.6 1.4
2016 2.5 1.4
2017 2.5 1.4
2018 2.3 1.3
2019 2.2 1.3
2020 2.2 1.3
2021 2.0 1.2
2022 1.9 1.2
2023 1.9 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 Vermont Municipal Employees, 2003-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2003 4.6 0.0 6.0 4.6
2004 4.9 0.0 7.8 4.9
2005 5.0 0.0 9.6 5.0
2006 5.3 0.0 9.9 5.3
2007 5.3 0.0 10.6 5.3
2008 0.0 0.0 11.0 0.0
2009 0.0 0.0 11.0 0.0
2010 5.2 0.0 11.6 5.2
2011 5.4 0.0 13.4 5.4
2012 5.4 0.0 14.1 5.4
2013 5.5 0.0 15.1 5.5
2014 5.5 0.0 15.7 5.5
2015 6.1 0.0 15.7 6.1
2016 6.1 0.0 15.6 6.1
2017 6.4 0.0 15.5 5.0
2018 6.4 0.0 16.2 5.5
2019 6.6 0.0 16.4 6.0
2020 6.7 0.7 16.8 7.4
2021 6.8 4.4 17.4 11.2
2022 7.6 4.3 18.1 11.9
2023 8.0 4.2 17.4 12.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Vermont Municipal Employees, 2001-2023

Fiscal Year Vermont Municipal Employees National Data
2001 112.1 101.7
2002 109.7 94.6
2003 102.0 88.8
2004 103.5 87.0
2005 104.4 85.4
2006 104.4 85.2
2007 105.1 86.3
2008 101.5 84.4
2009 90.3 78.4
2010 92.0 75.7
2011 92.3 74.3
2012 85.4 72.3
2013 84.4 71.8
2014 86.2 73.2
2015 77.8 73.2
2016 78.1 71.6
2017 84.1 72.0
2018 82.2 72.4
2019 80.1 72.5
2020 75.8 72.6
2021 77.9 75.8
2022 77.1 76.2
2023 75.1 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Vermont Municipal Employees, 2023

Category Percent
Equities 48.4
Fixed Income 21.9
Private Equity 18.3
Real Estate 2.7
Cash 0.1
Other 0.0
Commodities 0.0
Hedge Fund 8.6
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Vermont Municipal Employees, 2003-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
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 35.4 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 53.7 29.5 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 33.0 32.8 0.5 4.6 0.0 0.0 3.9 25.3 0.0
2015 34.2 35.5 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 53.4 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
2020 49.8 38.1 5.3 6.6 0.1 0.0 0.0 0.1 0.0
2021 56.2 29.0 8.6 5.4 0.1 0.0 0.7 0.0 0.0
2022 47.7 29.0 14.9 7.1 0.2 0.0 1.1 0.0 0.0
2023 48.4 21.9 18.3 2.7 0.1 0.0 0.0 8.6 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Vermont Municipal Employees, 2001-2023

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
2020 3.90 7.00
2021 24.32 7.00
2022 -7.88 7.00
2023 7.69 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Vermont Municipal Employees
2001-2023

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
2020 1.5 740.1
2021 1.1 926.0
2022 1.5 846.0
2023 3.0 912.1

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
Vermont Municipal Employees
2001-2023

Fiscal Year Vermont Municipal Employees National Average
2001 -0.2 -2.0
2002 2.1 -2.4
2003 11.3 -2.5
2004 3.5 -1.8
2005 2.9 -2.2
2006 2.4 -2.2
2007 2.3 -2.0
2008 -0.4 -2.1
2009 2.2 -3.1
2010 2.4 -3.2
2011 2.0 -3.0
2012 1.4 -3.2
2013 1.7 -3.1
2014 1.3 -2.9
2015 0.7 -2.7
2016 0.8 -2.9
2017 2.1 -2.8
2018 0.7 -2.4
2019 0.4 -2.4
2020 0.2 -2.3
2021 0.1 -2.0
2022 0.2 -1.9
2023 0.3 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Vermont Municipal Employees benefit descriptions.