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, 2001-2019

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

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2019

Fiscal Year Missouri Teachers US State and Local Pensions
2001 2.5 2.7
2002 2.4 2.5
2003 2.3 2.5
2004 2.2 2.3
2005 2.0 2.2
2006 2.0 2.1
2007 1.9 2.1
2008 1.9 2.0
2009 1.8 2.0
2010 1.7 1.9
2011 1.6 1.8
2012 1.5 1.7
2013 1.5 1.7
2014 1.4 1.6
2015 1.4 1.6
2016 1.3 1.6
2017 1.2 1.5
2018 1.3 1.5
2019 1.3 1.5

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, 2001-2019

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 9.7 10.9
2002 10.6 0.0 9.9 10.6
2003 10.6 0.6 11.3 11.2
2004 10.6 3.4 13.8 13.9
2005 11.0 5.8 14.4 16.8
2006 11.4 4.7 14.4 16.1
2007 11.9 4.3 14.5 16.2
2008 12.4 3.2 14.0 15.6
2009 12.7 2.4 14.3 15.1
2010 13.2 3.2 17.1 16.4
2011 13.7 2.1 18.3 15.8
2012 14.2 1.1 20.3 15.3
2013 14.2 0.0 20.9 11.4
2014 14.6 0.0 20.1 13.7
2015 14.6 0.2 20.4 14.8
2016 14.7 0.0 20.2 14.1
2017 14.7 0.0 21.2 13.8
2018 14.6 0.0 22.9 11.2
2019 14.7 0.0 24.5 13.0

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Missouri Teachers, 2001-2019

Fiscal Year Missouri Teachers National Data
2001 99.4 91.0
2002 95.3 82.6
2003 81.1 77.3
2004 82.0 78.4
2005 82.7 77.2
2006 82.6 78.0
2007 83.5 80.7
2008 83.4 78.7
2009 79.9 70.1
2010 77.7 66.7
2011 85.5 65.8
2012 81.5 63.3
2013 80.1 63.7
2014 82.8 64.7
2015 83.9 65.1
2016 84.8 63.1
2017 84.0 63.8
2018 84.0 63.6
2019 84.4 64.2

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.

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Investments

Asset Allocation for Missouri Teachers, 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

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Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.0
Fixed Income 22.8
Private Equity 9.2
Real Estate 8.8
Cash 1.9
Other 0.0
Commodities 1.9
Hedge Fund 7.0
Misc. Alternatives 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Missouri Teachers, 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 1.5 0.0 0.0 13.4 0.0
2017 46.9 21.9 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

Source: Public Plans Database

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

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

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
2001-2019

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

Source: Public Plans Database

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

Fiscal Year Missouri Teachers National Average
2001 -0.6 -0.9
2002 -1.0 -1.5
2003 -1.1 -1.6
2004 -1.4 -0.5
2005 -1.6 -2.0
2006 -1.5 -2.1
2007 -1.5 -2.1
2008 -1.7 -1.9
2009 -2.5 -3.4
2010 -2.3 -3.3
2011 -2.4 -3.2
2012 -2.6 -3.8
2013 -2.7 -3.8
2014 -2.7 -3.4
2015 -2.8 -3.2
2016 -3.1 -3.4
2017 -3.0 -2.9
2018 -3.0 -2.8
2019 -3.1 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

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2019 Financial Reports

Benefits

Website for Missouri Teachers benefit descriptions.