State Data » Alabama » Birmingham Police and Fire » Birmingham Police and Fire

Birmingham Police and Fire Basics

  • Established 1939
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Birmingham Police and Fire, 2004-2022

Fiscal Year Net Assets (billions)
2004 0.03
2005 null
2006 0.04
2007 0.04
2008 0.04
2009 0.04
2010 0.04
2011 null
2012 0.05
2013 0.05
2014 0.05
2015 0.05
2016 0.04
2017 0.04
2018 0.04
2019 0.03
2020 0.03
2021 0.02
2022 0.02

Source: Public Plans Database

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Number of Actives per Annuitant, 2003-2020

Fiscal Year Birmingham Police and Fire US State and Local Pensions
2003 5.2 2.2
2004 5.8 2.1
2005 5.7 2.1
2006 5.4 2.0
2007 4.9 2.0
2008 4.9 1.9
2009 5.3 1.9
2010 5.2 1.8
2011 4.7 1.7
2012 4.6 1.6
2013 4.0 1.5
2014 4.0 1.4
2015 3.7 1.4
2016 3.7 1.4
2017 3.9 1.4
2018 3.7 1.3
2019 3.4 1.3
2020 3.2 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 Birmingham Police and Fire, 2001-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 4.5 0.0 13.5 4.5
2002 4.7 0.0 14.9 4.4
2003 4.9 0.0 19.4 4.4
2004 5.0 0.0 20.1 4.0
2005 5.0 0.0 24.8 4.0
2006 5.2 0.0 26.3 3.9
2007 5.3 0.0 27.8 4.3
2008 4.8 0.0 30.0 4.3
2009 5.2 0.3 32.9 5.6
2010 4.7 1.3 33.2 6.1
2011 5.0 1.2 35.0 6.2
2012 5.8 0.5 36.8 6.2
2013 5.2 1.1 37.5 6.3
2014 5.0 2.1 34.3 7.2
2015 5.2 2.3 35.0 7.5
2016 5.2 0.7 35.6 6.0
2017 5.2 0.9 34.1 6.1
2018 5.8 0.4 35.0 6.2
2019 6.0 0.0 35.8 6.1
2020 6.2 0.4 34.9 6.6
2021 6.3 1.6 36.0 7.9
2022 8.9 0.0 36.5 7.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Birmingham Police and Fire, 2001-2020

Fiscal Year Birmingham Police and Fire National Data
2001 54.2 101.7
2002 55.8 94.6
2003 58.9 88.8
2004 60.1 87.0
2005 63.5 85.4
2006 60.8 85.2
2007 59.7 86.3
2008 47.3 84.4
2009 44.4 78.4
2010 43.0 75.7
2011 43.5 74.3
2012 45.1 72.3
2013 44.1 71.8
2014 45.0 73.2
2015 50.0 73.2
2016 47.5 71.6
2017 44.9 72.0
2018 44.1 72.4
2019 36.0 72.5
2020 27.8 72.6

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Birmingham Police and Fire, 2022

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

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Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Birmingham Police and Fire, 2001-2022

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
2019 null null null null null null null null null
2020 null null null null null null null null null
2021 null null null null null null null null null
2022 null null null null null null null null null

Source: Public Plans Database

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Annual Return as of June 30 for Birmingham Police and Fire, 2004-2022

Fiscal Year Birmingham Police and Fire Assumed return
2004 0.32 7.50
2005 null 7.50
2006 0.19 7.50
2007 6.46 7.00
2008 2.82 7.00
2009 -6.37 7.00
2010 7.23 7.00
2011 null 7.00
2012 2.72 7.00
2013 7.42 7.00
2014 13.14 7.00
2015 2.97 7.50
2016 2.20 7.50
2017 19.00 7.50
2018 10.51 7.50
2019 2.40 7.50
2020 -0.60 7.50
2021 26.96 7.25
2022 -7.38 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Birmingham Police and Fire
2004-2022

Fiscal Year Cash Flow Assets
2004 0.9 33.5
2005 null null
2006 1.8 38.1
2007 0.2 40.8
2008 -0.8 41.1
2009 0.8 39.3
2010 0.2 42.3
2011 null null
2012 0.2 48.5
2013 -1.8 50.2
2014 -3.6 53.1
2015 -3.6 51.0
2016 -6.4 44.3
2017 -5.5 43.2
2018 -5.2 42.6
2019 -8.6 34.9
2020 -8.7 26.1
2021 -8.9 23.0
2022 -5.9 15.6

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
Birmingham Police and Fire
2004-2022

Fiscal Year Birmingham Police and Fire National Average
2004 2.5 -1.8
2005 null -2.2
2006 4.8 -2.2
2007 0.6 -2.0
2008 -1.9 -2.1
2009 2.0 -3.1
2010 0.4 -3.2
2011 null -3.0
2012 0.4 -3.2
2013 -3.6 -3.1
2014 -6.8 -2.9
2015 -7.1 -2.7
2016 -14.5 -2.9
2017 -12.6 -2.8
2018 -12.1 -2.4
2019 -24.8 -2.4
2020 -33.4 -2.3
2021 -38.8 -2.0
2022 -37.9 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports