Missouri PEERS Basics

  • Established 1965
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

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

Fiscal Year Net Assets (billions)
2001 1.6
2002 1.6
2003 1.7
2004 1.9
2005 2.1
2006 2.3
2007 2.7
2008 2.6
2009 2.1
2010 2.4
2011 2.9
2012 3.0
2013 3.3
2014 3.8
2015 4.0
2016 4.0
2017 4.4
2018 4.8
2019 5.0

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Missouri PEERS US State and Local Pensions
2001 3.3 2.5
2002 3.3 2.4
2003 3.2 2.3
2004 3.0 2.2
2005 2.9 2.1
2006 2.9 2.1
2007 2.8 2.0
2008 2.8 2.0
2009 2.7 1.9
2010 2.5 1.8
2011 2.3 1.7
2012 2.2 1.6
2013 2.1 1.5
2014 1.8 1.5
2015 1.8 1.5
2016 1.7 1.4
2017 1.7 1.4
2018 1.6 1.3
2019 1.5 1.3

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 PEERS, 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 4.6 0.0 5.0 4.6 4.6
2002 5.1 0.0 4.8 5.1 5.1
2003 5.0 0.4 5.7 5.4 5.4
2004 5.1 1.3 7.3 6.3 6.3
2005 5.0 2.0 9.0 7.0 7.0
2006 5.2 1.5 9.3 6.7 6.7
2007 5.4 1.6 10.0 7.1 7.1
2008 5.7 0.9 10.4 6.6 6.6
2009 6.1 0.8 10.2 6.8 6.8
2010 6.4 0.3 10.5 6.7 6.7
2011 6.4 0.0 12.5 6.4 6.4
2012 6.6 0.0 12.9 6.6 6.6
2013 6.6 0.0 13.9 5.9 5.9
2014 7.0 0.0 14.5 6.8 6.8
2015 7.1 0.1 14.9 7.2 7.2
2016 7.0 0.0 14.8 6.8 6.8
2017 7.1 0.0 15.1 7.0 7.0
2018 7.0 0.0 18.1 6.0 6.0
2019 7.2 0.0 18.9 6.8 6.8

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Missouri PEERS, 2001-2019

Fiscal Year Missouri PEERS National Data
2001 103.1 106.5
2002 97.6 101.1
2003 81.9 94.2
2004 82.7 93.1
2005 83.3 91.1
2006 80.5 90.5
2007 83.2 91.2
2008 82.5 90.2
2009 80.7 83.2
2010 79.1 81.5
2011 85.3 80.4
2012 82.5 78.9
2013 81.6 78.7
2014 85.1 79.0
2015 86.8 78.2
2016 86.4 76.3
2017 85.8 76.4
2018 86.1 76.5
2019 86.4 76.0

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 PEERS, 2019

Category Percent
Equities 44.5
Fixed Income 19.8
Private Equity 12.4
Real Estate 8.1
Cash 3.4
Other 0.0
Commodities 0.0
Hedge Fund 11.8
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.1
Fixed Income 22.6
Private Equity 9.3
Real Estate 9.1
Cash 1.6
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Missouri PEERS, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 52.2 45.9 0.0 0.0 1.9 0.0 0.0 0.0 0.0
2002 48.6 43.5 0.0 0.0 2.6 0.0 5.3 0.0 0.0
2003 51.3 40.0 0.0 0.0 3.5 0.0 5.2 0.0 0.0
2004 57.3 33.5 0.0 0.0 1.7 0.0 7.5 0.0 0.0
2005 57.3 30.6 0.1 0.7 3.8 0.0 7.5 0.0 0.0
2006 58.9 27.9 0.5 3.0 2.9 0.0 6.8 0.0 0.0
2007 58.5 23.7 1.4 3.9 2.6 0.0 0.0 0.5 9.4
2008 53.7 20.9 3.5 5.2 1.9 0.0 0.0 3.0 11.8
2009 50.1 27.0 4.5 5.1 2.7 0.0 0.0 10.6 0.0
2010 45.0 30.5 6.8 4.4 3.7 0.0 0.0 9.6 0.0
2011 47.7 25.5 7.2 5.8 0.1 0.0 0.0 13.8 0.0
2012 45.3 24.3 8.3 7.4 0.2 0.0 0.0 14.6 0.0
2013 48.0 21.5 8.2 7.7 0.5 0.0 0.0 14.1 0.0
2014 48.2 20.1 8.0 7.0 3.2 0.0 0.0 13.5 0.0
2015 45.7 22.1 8.3 7.2 2.6 0.0 0.0 14.1 0.0
2016 46.1 22.2 8.7 7.9 1.8 0.0 0.0 13.4 0.0
2017 46.9 21.9 9.1 7.6 2.4 0.0 0.0 12.1 0.0
2018 46.2 20.5 10.5 7.6 3.4 0.0 0.0 11.9 0.0
2019 44.5 19.8 12.4 8.1 3.4 0.0 0.0 11.8 0.0

Source: Public Plans Database


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

Fiscal Year Missouri PEERS Assumed return
2001 -1.70 8.00
2002 -2.80 8.00
2003 4.70 8.00
2004 12.10 8.00
2005 9.30 8.00
2006 9.80 8.00
2007 16.60 8.00
2008 -4.60 8.00
2009 -18.90 8.00
2010 12.70 8.00
2011 21.40 8.00
2012 1.60 8.00
2013 12.30 8.00
2014 16.90 8.00
2015 4.50 8.00
2016 1.80 7.75
2017 12.50 7.60
2018 8.90 7.50
2019 7.00 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

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

Fiscal Year Cash Flow Assets
2001 14.9 1,610.0
2002 21.7 1,585.0
2003 19.5 1,677.8
2004 12.1 1,888.3
2005 9.4 2,068.6
2006 20.7 2,287.0
2007 21.0 2,681.2
2008 25.1 2,575.7
2009 27.6 2,113.7
2010 29.6 2,404.4
2011 11.4 2,918.8
2012 6.0 2,964.6
2013 -1.8 3,316.5
2014 -14.3 3,846.3
2015 -26.6 3,983.4
2016 -36.4 4,007.3
2017 -46.0 4,446.4
2018 -58.2 4,769.8
2019 -71.0 5,018.5

Source: Public Plans Database


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

Fiscal Year Missouri PEERS National Average
2001 0.9 -2.3
2002 1.4 -2.3
2003 1.2 -2.6
2004 0.6 -1.7
2005 0.5 -1.9
2006 0.9 -1.9
2007 0.8 -1.7
2008 1.0 -1.9
2009 1.3 -2.7
2010 1.2 -2.9
2011 0.4 -2.8
2012 0.2 -3.1
2013 -0.1 -3.0
2014 -0.4 -2.7
2015 -0.7 -2.8
2016 -0.9 -3.0
2017 -1.0 -2.9
2018 -1.2 -2.4
2019 -1.4 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Missouri PEERS benefit descriptions.