Montana Municipal Police Basics

  • Established 1974
  • Currently open to new hires
  • Plan covers police and/or fire
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Montana Municipal Police, 2001-2024

Fiscal Year Net Assets (billions)
2001 0.13
2002 0.12
2003 0.13
2004 0.15
2005 0.16
2006 0.18
2007 0.21
2008 0.20
2009 0.16
2010 0.19
2011 0.23
2012 0.24
2013 0.27
2014 0.32
2015 0.34
2016 0.34
2017 0.38
2018 0.42
2019 0.44
2020 0.45
2021 0.57
2022 0.54
2023 0.59
2024 0.64

Source: Public Plans Database

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Number of Actives per Annuitant, 2002-2024

Fiscal Year Montana Municipal Police US State and Local Pensions
2002 1.1 2.3
2003 null 2.2
2004 1.1 2.1
2005 1.1 2.1
2006 1.1 2.0
2007 1.1 2.0
2008 1.1 1.9
2009 1.1 1.9
2010 1.1 1.8
2011 1.1 1.7
2012 1.1 1.6
2013 1.0 1.6
2014 1.0 1.5
2015 1.0 1.5
2016 1.0 1.4
2017 1.0 1.4
2018 1.0 1.4
2019 0.9 1.3
2020 1.0 1.3
2021 0.9 1.2
2022 0.9 1.2
2023 0.9 1.2
2024 0.9 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 Montana Municipal Police, 2001-2024

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 12.7 null
2002 37.8 0.2 36.2 37.9
2003 null null 96.9 null
2004 33.1 5.3 115.6 38.4
2005 30.1 6.6 124.7 36.7
2006 35.6 3.3 131.2 38.9
2007 42.6 0.0 26.7 38.5
2008 46.4 0.0 29.0 43.8
2009 30.0 9.3 31.4 39.3
2010 24.1 15.8 31.8 39.8
2011 22.4 18.7 33.6 41.1
2012 22.3 19.2 35.2 41.5
2013 37.9 2.5 35.8 40.3
2014 43.9 0.0 33.0 40.3
2015 43.9 0.0 11.3 37.7
2016 43.8 0.0 12.0 43.8
2017 43.3 0.0 11.8 43.3
2018 45.3 0.0 11.9 45.3
2019 43.9 0.0 12.4 43.9
2020 44.0 0.0 12.0 44.0
2021 43.7 0.0 13.3 43.7
2022 44.1 0.0 13.2 44.1
2023 43.9 0.0 11.6 43.9
2024 43.8 0.0 11.4 43.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Montana Municipal Police, 2009-2024

Fiscal Year Montana Municipal Police National Data
2009 62.1 78.5
2010 57.2 75.8
2011 55.2 74.4
2012 54.8 72.4
2013 58.4 72.0
2014 63.0 73.2
2015 66.0 73.2
2016 68.8 71.7
2017 68.7 72.1
2018 67.7 72.4
2019 69.2 72.6
2020 70.8 72.8
2021 74.3 75.9
2022 71.3 76.4
2023 72.6 76.3
2024 74.8 76.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Montana Municipal Police, 2024

Category Percent
Equities 42.3
Fixed Income 22.0
Private Equity 17.2
Real Estate 12.4
Cash 0.0
Other 0.0
Commodities 6.1
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2024

Category Percent
Equities 42.4
Fixed Income 21.1
Private Equity 13.7
Real Estate 9.1
Cash 2.4
Other 0.0
Commodities 3.0
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 Montana Municipal Police, 2001-2024

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 49.4 38.8 8.0 0.3 3.5 0.0 0.0 0.0 0.0
2002 53.0 40.6 3.6 0.3 2.6 0.0 0.0 0.0 0.0
2003 57.2 34.2 5.6 0.3 2.8 0.0 0.0 0.0 0.0
2004 63.1 28.9 4.3 0.3 3.4 0.0 0.0 0.0 0.0
2005 62.9 30.4 4.7 0.3 1.8 0.0 0.0 0.0 0.0
2006 63.2 27.8 5.8 0.7 2.6 0.0 0.0 0.0 0.0
2007 62.5 25.1 7.7 1.9 2.7 0.0 0.0 0.0 0.0
2008 58.1 26.7 9.8 4.3 1.1 0.0 0.0 0.0 0.0
2009 52.6 30.2 11.4 4.9 0.9 0.0 0.0 0.0 0.0
2010 50.6 29.1 13.1 5.4 1.7 0.0 0.0 0.0 0.0
2011 55.0 24.6 12.3 6.5 1.5 0.0 0.0 0.0 0.0
2012 53.1 24.9 13.1 8.1 0.9 0.0 0.0 0.0 0.0
2013 54.9 22.1 12.5 9.2 1.3 0.0 0.0 0.0 0.0
2014 57.0 21.7 10.5 8.7 2.1 0.0 0.0 0.0 0.0
2015 56.4 22.3 10.7 8.8 1.8 0.0 0.0 0.0 0.0
2016 53.2 23.6 11.2 9.2 2.8 0.0 0.0 0.0 0.0
2017 52.6 27.4 12.5 7.6 0.0 0.0 0.0 0.0 0.0
2018 52.9 26.9 13.2 7.0 0.0 0.0 0.0 0.0 0.0
2019 46.1 28.6 14.9 7.5 3.0 0.0 0.0 0.0 0.0
2020 48.2 25.5 13.1 8.6 1.6 0.0 3.1 0.0 0.0
2021 48.3 21.7 14.7 9.3 1.5 0.0 4.5 0.0 0.0
2022 44.1 19.4 17.2 12.6 1.4 0.0 5.5 0.0 0.0
2023 43.2 19.6 17.3 12.0 1.7 0.0 6.1 0.0 0.0
2024 42.3 22.0 17.2 12.4 0.0 0.0 6.1 0.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Montana Municipal Police, 2001-2024

Fiscal Year Montana Municipal Police Assumed return
2001 -5.04 null
2002 -7.23 8.00
2003 6.61 8.00
2004 13.43 8.00
2005 8.13 8.00
2006 9.07 8.00
2007 17.96 8.00
2008 -4.86 8.00
2009 -20.69 8.00
2010 12.87 7.75
2011 21.79 7.75
2012 2.41 7.75
2013 13.04 7.75
2014 17.16 7.75
2015 4.58 7.75
2016 2.07 7.75
2017 11.94 7.75
2018 8.85 7.65
2019 5.71 7.34
2020 2.72 7.34
2021 27.73 7.65
2022 -4.32 7.30
2023 8.49 7.30
2024 9.06 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)
Montana Municipal Police
2001-2024

Fiscal Year Cash Flow Assets
2001 1.5 127.5
2002 1.7 120.0
2003 1.7 130.2
2004 1.8 148.4
2005 1.7 161.8
2006 2.1 178.0
2007 2.2 211.2
2008 -0.5 200.5
2009 2.5 162.0
2010 5.2 187.1
2011 2.7 229.0
2012 3.9 238.6
2013 2.3 271.0
2014 2.9 319.2
2015 1.4 335.1
2016 1.5 343.6
2017 0.7 384.1
2018 1.0 418.3
2019 -1.2 439.8
2020 -0.3 451.2
2021 -4.5 568.2
2022 -1.7 542.7
2023 -1.4 585.9
2024 -3.3 635.1

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
Montana Municipal Police
2001-2024

Fiscal Year Montana Municipal Police National Average
2001 1.2 -2.0
2002 1.4 -2.4
2003 1.3 -2.5
2004 1.2 -1.8
2005 1.0 -2.2
2006 1.2 -2.6
2007 1.0 -2.1
2008 -0.2 -2.2
2009 1.5 -3.1
2010 2.8 -3.2
2011 1.2 -3.1
2012 1.6 -3.3
2013 0.9 -3.2
2014 0.9 -2.9
2015 0.4 -2.7
2016 0.4 -3.0
2017 0.2 -2.8
2018 0.2 -2.5
2019 -0.3 -2.4
2020 -0.1 -2.3
2021 -0.8 -2.0
2022 -0.3 -1.9
2023 -0.2 -1.9
2024 -0.5 -1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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