State Data » Florida » Miami General and Sanitation Employees » Miami General and Sanitation Employees

Miami General and Sanitation Employees Basics

  • Established 1956
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Miami General and Sanitation Employees, 2001-2022

Fiscal Year Net Assets (billions)
2001 0.55
2002 0.47
2003 0.52
2004 0.55
2005 0.59
2006 0.62
2007 0.69
2008 0.58
2009 0.54
2010 0.55
2011 0.52
2012 0.57
2013 0.59
2014 0.62
2015 0.59
2016 0.62
2017 0.67
2018 0.70
2019 0.73
2020 0.77
2021 0.93
2022 0.78

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Miami General and Sanitation Employees US State and Local Pensions
2001 0.9 2.4
2002 0.9 2.3
2003 0.8 2.2
2004 0.8 2.1
2005 0.8 2.1
2006 0.8 2.0
2007 0.8 2.0
2008 0.9 1.9
2009 0.8 1.9
2010 0.6 1.8
2011 0.6 1.7
2012 0.6 1.6
2013 0.6 1.5
2014 0.7 1.4
2015 0.8 1.4
2016 0.9 1.4
2017 1.0 1.4
2018 1.0 1.3
2019 1.0 1.3
2020 1.0 1.3
2021 1.0 1.2
2022 1.0 1.2
2023 1.0 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 Miami General and Sanitation Employees, 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 12.7 0.0 5.3 12.7
2002 3.0 0.0 5.2 3.0
2003 5.1 0.0 6.0 5.1
2004 14.7 0.0 7.8 14.7
2005 26.6 0.0 9.6 26.6
2006 29.1 0.0 9.9 29.1
2007 29.5 0.0 10.6 29.5
2008 25.0 0.0 11.0 25.0
2009 25.8 0.0 11.0 25.8
2010 34.9 0.0 11.6 34.9
2011 31.8 0.0 13.4 31.8
2012 41.5 0.0 14.1 41.5
2013 39.7 0.0 15.1 39.7
2014 44.0 0.0 15.7 44.0
2015 45.9 0.0 15.7 45.9
2016 40.6 0.0 15.6 40.6
2017 35.3 0.0 15.5 35.3
2018 36.8 0.0 16.2 36.8
2019 39.2 0.0 16.4 39.2
2020 40.7 0.0 16.8 40.7
2021 41.7 0.0 17.4 41.7
2022 42.4 0.0 18.1 42.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Miami General and Sanitation Employees, 2001-2023

Fiscal Year Miami General and Sanitation Employees National Data
2001 103.0 101.7
2002 91.0 94.6
2003 81.0 88.8
2004 80.0 87.0
2005 79.0 85.4
2006 84.0 85.2
2007 86.0 86.3
2008 85.0 84.4
2009 83.0 78.4
2010 78.0 75.7
2011 71.1 74.3
2012 65.4 72.3
2013 64.3 71.8
2014 66.6 73.2
2015 67.4 73.2
2016 65.0 71.6
2017 65.8 72.0
2018 65.5 72.4
2019 66.1 72.5
2020 69.8 72.6
2021 74.5 75.8
2022 74.1 76.2
2023 72.6 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Miami General and Sanitation Employees, 2022

Category Percent
Equities 71.0
Fixed Income 26.1
Private Equity 0.0
Real Estate 0.0
Cash 2.9
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 0.0

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 Miami General and Sanitation Employees, 2001-2022

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 64.1 29.1 0.0 5.3 1.5 0.0 0.0 0.0 0.0
2002 59.6 33.2 0.0 6.3 0.9 0.0 0.0 0.0 0.0
2003 65.0 27.4 0.0 6.2 1.4 0.0 0.0 0.0 0.0
2004 65.4 27.5 0.0 5.8 1.3 0.0 0.0 0.0 0.0
2005 67.2 24.9 0.0 6.3 1.6 0.0 0.0 0.0 0.0
2006 67.3 22.6 0.0 7.1 3.0 0.0 0.0 0.0 0.0
2007 69.5 20.1 0.0 6.9 3.5 0.0 0.0 0.0 0.0
2008 63.3 25.2 0.0 7.9 3.6 0.0 0.0 0.0 0.0
2009 63.5 26.7 0.0 5.1 4.7 0.0 0.0 0.0 0.0
2010 62.3 29.1 0.0 5.5 3.1 0.0 0.0 0.0 0.0
2011 61.1 29.3 0.0 5.0 4.6 0.0 0.0 0.0 0.0
2012 63.8 26.9 0.0 3.5 5.8 0.0 0.0 0.0 0.0
2013 68.1 24.8 0.0 3.6 3.5 0.0 0.0 0.0 0.0
2014 68.9 23.5 0.0 3.7 3.9 0.0 0.0 0.0 0.0
2015 66.6 24.5 0.0 4.1 4.8 0.0 0.0 0.0 0.0
2016 67.8 23.9 0.0 4.5 3.8 0.0 0.0 0.0 0.0
2017 67.3 23.1 0.0 4.0 5.6 0.0 0.0 0.0 0.0
2018 71.2 25.3 0.0 0.0 3.5 0.0 0.0 0.0 0.0
2019 69.4 27.6 0.0 0.0 3.0 0.0 0.0 0.0 0.0
2020 68.9 26.7 0.0 0.0 4.4 0.0 0.0 0.0 0.0
2021 74.4 21.8 0.0 0.0 3.8 0.0 0.0 0.0 0.0
2022 71.0 26.1 0.0 0.0 2.9 0.0 0.0 0.0 0.0

Source: Public Plans Database

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Annual Return as of September 30 for Miami General and Sanitation Employees, 2001-2022

Fiscal Year Miami General and Sanitation Employees Assumed return
2001 -10.40 8.10
2002 -10.40 8.10
2003 17.70 8.10
2004 11.00 8.10
2005 11.60 8.10
2006 10.40 8.10
2007 15.00 8.10
2008 -13.70 8.10
2009 -1.40 8.10
2010 9.00 8.10
2011 1.50 8.00
2012 18.00 7.90
2013 12.40 7.80
2014 11.20 7.70
2015 0.20 7.60
2016 10.60 7.60
2017 13.20 7.60
2018 9.30 7.60
2019 7.10 7.60
2020 7.30 7.45
2021 21.40 7.45
2022 -16.70 7.30

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Miami General and Sanitation Employees
2001-2022

Fiscal Year Cash Flow Assets
2001 -20.7 551.2
2002 -28.9 467.7
2003 -30.5 516.8
2004 -25.8 546.5
2005 -22.5 586.7
2006 -22.1 624.0
2007 -21.2 694.3
2008 -23.0 576.5
2009 -22.9 538.0
2010 -30.1 553.8
2011 -48.2 518.1
2012 -42.4 566.2
2013 -45.0 590.4
2014 -39.0 619.6
2015 -35.1 589.1
2016 -34.8 617.7
2017 -31.3 667.9
2018 -26.7 704.5
2019 -20.6 733.9
2020 -12.9 774.4
2021 -13.4 933.5
2022 -11.1 781.9

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
Miami General and Sanitation Employees
2001-2022

Fiscal Year Miami General and Sanitation Employees National Average
2001 -3.7 -2.3
2002 -6.2 -1.0
2003 -5.9 -2.4
2004 -4.7 -2.6
2005 -3.8 -2.2
2006 -3.5 -2.2
2007 -3.1 -2.2
2008 -4.0 -2.9
2009 -4.3 -3.2
2010 -5.4 -3.2
2011 -9.3 -3.4
2012 -7.5 -3.3
2013 -7.6 -3.1
2014 -6.3 -2.9
2015 -6.0 -3.1
2016 -5.6 -3.2
2017 -4.7 -2.9
2018 -3.8 -3.1
2019 -2.8 -3.1
2020 -1.7 -2.8
2021 -1.4 -2.5
2022 -1.4 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports