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, 2001-2021

Fiscal Year Net Assets (billions)
2001 2.48
2002 2.38
2003 2.44
2004 2.84
2005 3.19
2006 3.47
2007 4.08
2008 3.96
2009 3.22
2010 3.70
2011 4.54
2012 4.68
2013 5.33
2014 6.31
2015 6.38
2016 6.30
2017 6.99
2018 7.76
2019 8.18
2020 8.16
2021 null

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2021

Fiscal Year Missouri Local US State and Local Pensions
2001 2.9 2.4
2002 2.8 2.3
2003 2.8 2.2
2004 2.7 2.1
2005 2.6 2.1
2006 2.5 2.0
2007 2.5 2.0
2008 2.4 1.9
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 1.4
2016 1.6 1.4
2017 1.5 1.4
2018 1.5 1.3
2019 1.4 1.3
2020 1.4 1.3
2021 1.3 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 Missouri Local, 2001-2021

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 10.2 0.0 4.7 10.2
2002 9.8 0.0 4.6 9.8
2003 9.1 0.0 5.5 9.1
2004 9.5 0.0 7.1 9.5
2005 10.1 0.0 8.8 10.1
2006 10.7 0.0 9.1 10.7
2007 11.3 0.0 9.9 11.3
2008 10.6 0.0 10.2 10.6
2009 10.3 0.0 10.0 10.3
2010 10.4 0.0 10.2 10.4
2011 11.4 0.0 12.2 11.4
2012 12.3 0.0 12.5 12.3
2013 12.8 0.0 13.4 12.8
2014 12.9 0.0 14.0 12.9
2015 13.0 0.0 14.5 13.0
2016 null null 14.3 null
2017 null null 14.7 null
2018 null null 17.6 null
2019 null null 16.1 null
2020 null null 18.4 null
2021 null null 18.9 null

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Missouri Local, 2001-2021

Fiscal Year Missouri Local National Data
2001 104.0 101.8
2002 100.4 94.8
2003 96.4 89.0
2004 95.9 87.3
2005 95.1 85.4
2006 95.3 85.2
2007 96.1 86.3
2008 97.5 84.4
2009 80.0 78.3
2010 81.0 75.7
2011 81.6 74.3
2012 83.5 72.3
2013 86.5 72.3
2014 91.7 73.2
2015 94.4 73.2
2016 94.7 71.6
2017 94.8 72.1
2018 95.6 72.3
2019 94.9 72.4
2020 93.7 72.5
2021 95.6 75.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Missouri Local, 2021

Category Percent
Equities 32.2
Fixed Income 23.1
Private Equity 0.0
Real Estate 0.0
Cash 0.0
Other 0.0
Commodities 29.7
Hedge Fund 15.0
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2021

Category Percent
Equities 47.5
Fixed Income 21.5
Private Equity 11.0
Real Estate 8.1
Cash 1.8
Other 0.1
Commodities 1.7
Hedge Fund 5.6
Misc. Alternatives 1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Missouri Local, 2001-2021

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
2020 35.0 24.3 0.0 0.0 0.0 0.0 31.8 8.9 0.0
2021 32.2 23.1 0.0 0.0 0.0 0.0 29.7 15.0 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Missouri Local, 2001-2021

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
2020 1.63 7.25
2021 29.48 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)
Missouri Local
2001-2021

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
2020 -121.3 8,160.6
2021 null null

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
Missouri Local
2001-2021

Fiscal Year Missouri Local National Average
2001 1.0 -2.1
2002 1.0 -2.5
2003 0.6 -2.7
2004 0.3 -2.0
2005 0.2 -2.2
2006 0.2 -2.3
2007 0.3 -2.1
2008 -0.1 -2.3
2009 -0.4 -3.2
2010 -0.4 -3.3
2011 -0.3 -3.1
2012 -0.5 -3.3
2013 -0.5 -3.2
2014 -0.2 -2.9
2015 -0.8 -2.8
2016 -1.1 -3.0
2017 -1.0 -2.9
2018 -1.2 -2.5
2019 -1.1 -2.5
2020 -1.5 -2.4
2021 null -2.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2021 Financial Reports

Benefits

Website for Missouri Local benefit descriptions.