Missouri Teachers Basics

  • Established 1946
  • Currently open to new hires
  • Plan covers teachers
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Missouri Teachers, 2001-2023

Fiscal Year Net Assets (billions)
2001 20.18
2002 19.40
2003 20.05
2004 22.15
2005 23.74
2006 25.60
2007 29.28
2008 27.44
2009 21.59
2010 23.76
2011 28.10
2012 27.82
2013 30.38
2014 34.38
2015 34.84
2016 34.30
2017 37.28
2018 39.26
2019 40.59
2020 40.71
2021 50.62
2022 47.67
2023 48.83

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Missouri Teachers US State and Local Pensions
2001 2.5 2.4
2002 2.4 2.3
2003 2.3 2.2
2004 2.2 2.1
2005 2.0 2.1
2006 2.0 2.0
2007 1.9 2.0
2008 1.9 1.9
2009 1.8 1.9
2010 1.7 1.8
2011 1.6 1.7
2012 1.5 1.6
2013 1.5 1.5
2014 1.4 1.4
2015 1.4 1.4
2016 1.3 1.4
2017 1.2 1.4
2018 1.2 1.3
2019 1.2 1.3
2020 1.1 1.3
2021 1.1 1.2
2022 1.1 1.2
2023 1.1 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 Missouri Teachers, 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 10.9 0.0 9.3 10.9
2002 10.6 0.0 9.8 10.6
2003 10.6 0.6 11.4 11.2
2004 10.6 3.4 14.0 13.9
2005 11.0 5.8 14.4 16.8
2006 11.4 4.7 14.5 16.1
2007 11.9 4.3 14.6 16.2
2008 12.4 3.2 14.1 15.6
2009 12.7 2.4 14.4 15.1
2010 13.2 3.2 17.2 16.4
2011 13.7 2.1 18.4 15.8
2012 14.2 1.1 20.4 15.3
2013 14.2 0.0 21.1 11.4
2014 14.6 0.0 20.3 13.7
2015 14.5 0.2 20.1 14.7
2016 14.5 0.0 20.2 13.9
2017 14.5 0.0 21.1 13.6
2018 14.6 0.0 22.9 11.2
2019 14.7 0.0 24.3 13.0
2020 14.7 0.0 24.1 13.8
2021 14.5 0.0 23.6 13.7
2022 14.9 0.0 24.2 14.7

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Missouri Teachers, 2001-2023

Fiscal Year Missouri Teachers National Data
2001 99.4 101.7
2002 95.3 94.6
2003 81.1 88.8
2004 82.0 87.0
2005 82.7 85.4
2006 82.6 85.2
2007 83.5 86.3
2008 83.4 84.4
2009 79.9 78.4
2010 77.7 75.7
2011 85.5 74.3
2012 81.5 72.3
2013 80.1 71.8
2014 82.8 73.2
2015 83.9 73.2
2016 84.8 71.6
2017 84.0 72.0
2018 84.0 72.4
2019 84.4 72.5
2020 84.0 72.6
2021 85.2 75.8
2022 85.2 76.2
2023 85.9 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Missouri Teachers, 2022

Category Percent
Equities 38.1
Fixed Income 17.4
Private Equity 22.5
Real Estate 11.0
Cash 1.9
Other 0.0
Commodities 0.0
Hedge Fund 9.1
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 Missouri Teachers, 2001-2022

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 46.2 22.2 8.7 7.9 1.5 0.0 0.0 13.4 0.0
2017 47.0 22.0 9.1 7.6 2.1 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
2020 42.6 22.1 14.6 8.6 2.3 0.0 0.0 9.8 0.0
2021 43.1 19.0 18.8 7.9 2.2 0.0 0.0 9.0 0.0
2022 38.1 17.4 22.5 11.0 1.9 0.0 0.0 9.1 0.0

Source: Public Plans Database

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Annual Return as of June 30 for Missouri Teachers, 2001-2023

Fiscal Year Missouri Teachers Assumed return
2001 -1.90 8.00
2002 -2.80 8.00
2003 4.80 8.00
2004 12.40 8.00
2005 9.20 8.00
2006 9.80 8.00
2007 16.57 8.00
2008 -4.60 8.00
2009 -19.30 8.00
2010 13.00 8.00
2011 21.80 8.00
2012 1.90 8.00
2013 12.60 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
2020 3.90 6.95
2021 28.70 7.30
2022 -2.80 7.30
2023 6.40 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)
Missouri Teachers
2001-2023

Fiscal Year Cash Flow Assets
2001 -129.1 20,183.7
2002 -200.0 19,403.5
2003 -229.2 20,048.0
2004 -300.7 22,150.4
2005 -370.6 23,738.9
2006 -371.4 25,603.5
2007 -445.3 29,283.7
2008 -463.3 27,435.0
2009 -545.1 21,589.2
2010 -557.3 23,755.7
2011 -675.0 28,100.2
2012 -733.7 27,816.8
2013 -819.9 30,375.4
2014 -922.0 34,380.6
2015 -990.1 34,837.7
2016 -1,066.9 34,304.0
2017 -1,127.8 37,280.2
2018 -1,194.4 39,259.5
2019 -1,261.7 40,593.8
2020 -1,341.0 40,710.3
2021 -1,381.5 50,620.5
2022 -1,498.2 47,671.1
2023 -1,680.5 48,833.1

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
Missouri Teachers
2001-2023

Fiscal Year Missouri Teachers National Average
2001 -0.6 -2.0
2002 -1.0 -2.4
2003 -1.1 -2.5
2004 -1.4 -1.8
2005 -1.6 -2.2
2006 -1.5 -2.2
2007 -1.5 -2.0
2008 -1.7 -2.1
2009 -2.5 -3.1
2010 -2.3 -3.2
2011 -2.4 -3.0
2012 -2.6 -3.2
2013 -2.7 -3.1
2014 -2.7 -2.9
2015 -2.8 -2.7
2016 -3.1 -2.9
2017 -3.0 -2.8
2018 -3.0 -2.4
2019 -3.1 -2.4
2020 -3.3 -2.3
2021 -2.7 -2.0
2022 -3.1 -1.9
2023 -3.4 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Missouri Teachers benefit descriptions.