Missouri Local Basics

  • Established 1967
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, agent plan

Assets, Participants, and Benefits

Assets at Year-End, Missouri Local, 2001-2019

Fiscal Year Net Assets (billions)
2001 2.5
2002 2.4
2003 2.4
2004 2.8
2005 3.2
2006 3.5
2007 4.1
2008 4.0
2009 3.2
2010 3.7
2011 4.5
2012 4.7
2013 5.3
2014 6.3
2015 6.4
2016 6.3
2017 7.0
2018 7.8
2019 8.2

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Missouri Local US State and Local Pensions
2001 2.9 2.5
2002 2.8 2.4
2003 2.8 2.3
2004 2.7 2.2
2005 2.6 2.1
2006 2.5 2.1
2007 2.5 2.0
2008 2.4 2.0
2009 2.3 1.9
2010 2.3 1.8
2011 2.1 1.7
2012 2.0 1.6
2013 1.9 1.5
2014 1.8 1.5
2015 1.7 1.5
2016 1.6 1.4
2017 1.5 1.4
2018 1.5 1.3
2019 1.4 1.4

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Missouri Local, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 10.2 0.0 5.0 10.2 10.2
2002 9.8 0.0 4.8 9.8 9.8
2003 9.1 0.0 5.7 9.1 9.1
2004 9.5 0.0 7.3 9.5 9.5
2005 10.1 0.0 9.0 10.1 10.1
2006 10.7 0.0 9.3 10.7 10.7
2007 11.3 0.0 10.0 11.3 11.3
2008 10.6 0.0 10.4 10.6 10.6
2009 10.3 0.0 10.2 10.3 10.3
2010 10.4 0.0 10.5 10.4 10.4
2011 11.4 0.0 12.5 11.4 11.4
2012 12.3 0.0 12.9 12.3 12.3
2013 12.8 0.0 14.0 12.8 12.8
2014 12.9 0.0 14.4 12.9 12.9
2015 13.0 0.0 14.9 13.0 13.0
2016 24.6 0.0 14.8 22.3 22.3
2017 20.4 0.0 15.1 19.0 19.0
2018 22.5 0.0 15.9 18.8 18.8
2019 125.4 0.0 16.6 24.2 24.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Missouri Local, 2001-2019

Fiscal Year Missouri Local National Data
2001 104.0 106.5
2002 100.4 101.1
2003 96.4 94.2
2004 95.9 93.1
2005 95.1 91.1
2006 95.3 90.5
2007 96.1 91.2
2008 97.5 90.2
2009 80.0 83.2
2010 81.0 81.5
2011 81.6 80.4
2012 83.5 78.9
2013 86.5 78.7
2014 91.7 79.0
2015 94.4 78.2
2016 94.7 76.3
2017 94.8 76.4
2018 95.6 76.6
2019 94.9 76.6

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.

Investments

Asset Allocation for Missouri Local, 2019

Category Percent
Equities 32.6
Fixed Income 28.8
Private Equity 0.0
Real Estate 0.0
Cash 0.0
Other 0.0
Commodities 29.3
Hedge Fund 9.4
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 39.9
Fixed Income 21.1
Private Equity 13.1
Real Estate 10.2
Cash 2.1
Other 0.0
Commodities 4.0
Hedge Fund 9.5
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Missouri Local, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 68.3 27.6 0.0 0.0 0.5 0.0 3.6 0.0 0.0
2002 68.0 27.2 0.0 0.0 0.8 0.0 4.0 0.0 0.0
2003 62.6 33.1 0.0 0.0 0.4 0.0 3.9 0.0 0.0
2004 62.8 33.0 0.0 0.0 0.5 0.0 0.0 0.0 3.7
2005 61.1 33.3 0.0 0.0 0.0 0.0 0.0 0.0 5.6
2006 62.0 31.1 0.0 0.0 0.0 0.0 0.0 0.0 6.9
2007 65.0 28.4 0.0 0.0 0.0 0.0 0.0 0.0 6.6
2008 58.3 32.5 0.0 0.0 0.0 0.0 0.0 0.0 9.2
2009 51.7 36.7 0.0 0.0 0.0 0.0 0.0 0.0 11.6
2010 51.7 32.3 0.0 0.0 0.0 0.0 0.0 0.0 16.0
2011 54.2 27.6 0.0 0.0 0.0 0.0 0.0 0.0 18.2
2012 50.9 25.5 0.0 0.0 0.0 0.0 0.0 0.0 23.6
2013 50.8 23.9 0.0 0.0 0.0 0.0 0.0 0.0 25.3
2014 48.1 24.0 0.0 0.0 0.0 0.0 0.0 0.0 27.9
2015 43.2 25.6 5.6 0.0 0.0 0.0 17.9 7.7 0.0
2016 45.3 27.0 0.0 0.0 0.0 0.0 20.0 7.7 0.0
2017 45.8 23.3 0.0 0.0 0.0 0.0 21.1 9.8 0.0
2018 39.2 26.2 0.0 0.0 0.0 0.0 28.3 6.3 0.0
2019 32.6 28.8 0.0 0.0 0.0 0.0 29.3 9.4 0.0

Source: Public Plans Database


Annual Return as of June 30 for Missouri Local, 2001-2019

Fiscal Year Missouri Local Assumed return
2001 -4.20 7.50
2002 -4.80 7.50
2003 1.80 7.50
2004 16.40 7.50
2005 12.40 7.50
2006 9.20 7.50
2007 18.00 7.50
2008 -2.30 7.50
2009 -18.40 7.50
2010 16.20 7.50
2011 23.20 7.25
2012 3.60 7.25
2013 14.54 7.25
2014 19.04 7.25
2015 2.16 7.25
2016 -0.19 7.25
2017 12.04 7.25
2018 13.70 7.25
2019 7.12 7.25

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Missouri Local
2001-2019

Fiscal Year Cash Flow Assets
2001 25.0 2,481.3
2002 23.1 2,382.3
2003 14.3 2,436.0
2004 8.8 2,840.5
2005 5.6 3,188.4
2006 6.7 3,468.9
2007 10.4 4,082.1
2008 -5.8 3,962.8
2009 -14.4 3,217.0
2010 -14.3 3,695.3
2011 -12.3 4,535.3
2012 -22.8 4,679.1
2013 -26.3 5,326.3
2014 -15.7 6,310.0
2015 -53.1 6,381.4
2016 -67.3 6,302.3
2017 -69.4 6,987.3
2018 -91.3 7,756.2
2019 -89.7 8,176.3

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Missouri Local
2001-2019

Fiscal Year Missouri Local National Average
2001 1.0 -2.3
2002 1.0 -2.3
2003 0.6 -2.6
2004 0.3 -1.7
2005 0.2 -1.9
2006 0.2 -1.9
2007 0.3 -1.7
2008 -0.1 -1.9
2009 -0.4 -2.7
2010 -0.4 -2.9
2011 -0.3 -2.8
2012 -0.5 -3.1
2013 -0.5 -3.0
2014 -0.2 -2.7
2015 -0.8 -2.8
2016 -1.1 -3.0
2017 -1.0 -2.9
2018 -1.2 -2.4
2019 -1.1 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Missouri Local benefit descriptions.