State Data » Maryland » Baltimore City Employees » Baltimore City Employees

Baltimore City Employees Basics

  • Established 1926
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Baltimore City Employees, 2001-2020

Fiscal Year Net Assets (billions)
2001 1.31
2002 1.21
2003 1.19
2004 1.25
2005 1.29
2006 1.33
2007 1.49
2008 1.36
2009 1.04
2010 1.09
2011 1.24
2012 1.22
2013 1.32
2014 1.50
2015 1.53
2016 1.52
2017 1.63
2018 1.71
2019 1.76
2020 1.71

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2020

Fiscal Year Baltimore City Employees US State and Local Pensions
2001 1.6 2.5
2002 1.6 2.4
2003 1.5 2.3
2004 1.5 2.2
2005 1.1 2.1
2006 1.1 2.1
2007 1.0 2.0
2008 1.1 2.0
2009 1.1 1.9
2010 1.1 1.8
2011 1.1 1.7
2012 1.0 1.6
2013 1.0 1.5
2014 1.0 1.5
2015 1.0 1.5
2016 0.9 1.4
2017 0.9 1.4
2018 0.9 1.3
2019 0.9 1.3
2020 0.9 1.3

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 Baltimore City Employees, 2001-2020

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 null null 4.9 null
2002 null null 4.7 null
2003 null null 5.6 null
2004 null null 7.2 null
2005 null null 8.8 null
2006 null null 9.1 null
2007 null null 9.8 null
2008 null null 10.1 null
2009 null null 10.0 null
2010 null null 10.2 null
2011 null null 12.2 null
2012 null null 12.5 null
2013 22.5 0.0 13.5 22.5
2014 23.7 0.0 14.0 22.7
2015 23.8 0.0 14.4 22.2
2016 19.3 0.0 14.3 19.0
2017 21.6 0.0 14.6 21.6
2018 21.7 0.0 17.5 21.7
2019 21.4 0.0 16.0 21.4
2020 19.9 0.0 16.3 19.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Baltimore City Employees, 2001-2020

Fiscal Year Baltimore City Employees National Data
2001 107.1 107.2
2002 107.4 102.0
2003 102.5 95.2
2004 97.8 93.9
2005 95.7 91.8
2006 92.2 91.3
2007 90.5 91.9
2008 88.7 91.1
2009 82.6 84.0
2010 76.0 82.4
2011 72.7 81.4
2012 67.7 79.9
2013 68.1 79.7
2014 69.7 80.1
2015 71.7 79.2
2016 71.2 77.4
2017 72.7 77.4
2018 74.1 77.5
2019 73.0 77.0
2020 73.3 77.2

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.

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Investments

Asset Allocation for Baltimore City Employees, 2020

Category Percent
Equities 49.0
Fixed Income 21.0
Private Equity 8.0
Real Estate 13.0
Cash 1.0
Other 0.0
Commodities 0.0
Hedge Fund 8.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2020

Category Percent
Equities 46.4
Fixed Income 23.3
Private Equity 9.3
Real Estate 8.8
Cash 2.4
Other 0.1
Commodities 1.8
Hedge Fund 6.4
Misc. Alternatives 1.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Baltimore City Employees, 2007-2020

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2007 66.0 18.0 0.0 8.0 0.0 3.0 0.0 5.0 0.0
2008 56.0 27.0 0.0 9.0 0.0 3.0 0.0 5.0 0.0
2009 48.0 34.0 0.0 10.0 0.0 3.0 0.0 5.0 0.0
2010 50.0 34.0 0.0 7.0 0.0 4.0 0.0 5.0 0.0
2011 55.0 28.0 0.0 7.0 1.0 4.0 0.0 5.0 0.0
2012 54.0 27.0 5.0 8.0 1.0 0.0 0.0 5.0 0.0
2013 52.0 26.0 5.0 11.0 1.0 0.0 0.0 5.0 0.0
2014 52.0 27.0 6.0 10.0 0.0 0.0 0.0 5.0 0.0
2015 51.0 27.0 7.0 10.0 0.0 0.0 0.0 5.0 0.0
2016 51.0 27.0 7.0 10.0 0.0 0.0 0.0 5.0 0.0
2017 57.0 23.0 6.0 9.0 0.0 0.0 0.0 5.0 0.0
2018 53.0 26.0 6.0 9.0 2.0 0.0 0.0 4.0 0.0
2019 50.0 22.0 6.0 12.0 3.0 0.0 0.0 7.0 0.0
2020 49.0 21.0 8.0 13.0 1.0 0.0 0.0 8.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Baltimore City Employees, 2001-2020

Fiscal Year Baltimore City Employees Assumed return
2001 -0.59 7.88
2002 -2.34 7.88
2003 4.23 7.88
2004 10.76 7.75
2005 9.02 8.00
2006 10.99 8.00
2007 18.33 8.00
2008 -4.83 8.00
2009 -17.90 8.00
2010 11.20 8.00
2011 20.10 7.75
2012 2.00 7.75
2013 13.20 7.75
2014 16.20 7.75
2015 4.60 7.75
2016 3.20 7.50
2017 11.80 7.50
2018 8.50 7.50
2019 6.10 7.00
2020 1.30 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)
Baltimore City Employees
2001-2020

Fiscal Year Cash Flow Assets
2001 -63.9 1,307.6
2002 -65.4 1,212.3
2003 -67.6 1,194.5
2004 -71.8 1,247.3
2005 -69.1 1,287.6
2006 -65.8 1,333.2
2007 -64.0 1,488.6
2008 -61.4 1,356.1
2009 -64.6 1,036.4
2010 -63.3 1,085.2
2011 -53.9 1,241.9
2012 -45.1 1,216.5
2013 -39.9 1,324.7
2014 -35.1 1,499.2
2015 -34.1 1,531.9
2016 -55.3 1,516.9
2017 -53.1 1,627.0
2018 -52.3 1,714.3
2019 -51.5 1,755.6
2020 -58.3 1,709.2

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Baltimore City Employees
2001-2020

Fiscal Year Baltimore City Employees National Average
2001 -4.9 -2.3
2002 -5.4 -2.3
2003 -5.7 -2.6
2004 -5.8 -1.9
2005 -5.4 -1.9
2006 -4.9 -1.9
2007 -4.3 -1.7
2008 -4.5 -1.9
2009 -6.2 -2.7
2010 -5.8 -2.9
2011 -4.3 -2.8
2012 -3.7 -3.1
2013 -3.0 -3.0
2014 -2.3 -2.7
2015 -2.2 -2.8
2016 -3.6 -3.1
2017 -3.3 -2.9
2018 -3.1 -2.4
2019 -2.9 -2.7
2020 -3.4 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

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2020 Financial Reports

Benefits

Website for Baltimore City Employees benefit descriptions.