Philadelphia Municipal Retirement System Basics, by Plan
Plan |
Assets (millions) |
Total Members |
Philadelphia Municipal |
7,808.1 |
64,148 |
Other Plans |
0 |
0 |
Total |
7,808.1 |
64,148 |
Source: Public Plans Database (as of 2023)
Note: Philadelphia Municipal Retirement System has 0 other plans.
Assets
Assets at Year-End
Philadelphia Municipal Retirement System
2001-2023
Fiscal Year |
Net Assets (billions) |
2001 |
4.4 |
2002 |
4.0 |
2003 |
3.8 |
2004 |
4.0 |
2005 |
4.1 |
2006 |
4.3 |
2007 |
4.9 |
2008 |
4.4 |
2009 |
3.4 |
2010 |
3.5 |
2011 |
4.0 |
2012 |
3.9 |
2013 |
4.4 |
2014 |
4.9 |
2015 |
4.7 |
2016 |
4.4 |
2017 |
4.9 |
2018 |
5.3 |
2019 |
5.7 |
2020 |
5.8 |
2021 |
7.4 |
2022 |
6.9 |
2023 |
7.8 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
Fiscal Year |
Philadelphia Municipal Retirement System |
US State and Local Pensions |
2001 |
0.9 |
2.4 |
2002 |
0.9 |
2.3 |
2003 |
0.8 |
2.2 |
2004 |
0.8 |
2.1 |
2005 |
0.8 |
2.1 |
2006 |
0.8 |
2.0 |
2007 |
0.8 |
2.0 |
2008 |
0.8 |
1.9 |
2009 |
0.8 |
1.9 |
2010 |
0.8 |
1.8 |
2011 |
0.7 |
1.7 |
2012 |
0.7 |
1.6 |
2013 |
0.7 |
1.5 |
2014 |
0.7 |
1.4 |
2015 |
0.8 |
1.4 |
2016 |
0.8 |
1.4 |
2017 |
0.8 |
1.4 |
2018 |
0.8 |
1.3 |
2019 |
0.8 |
1.3 |
2020 |
0.8 |
1.3 |
2021 |
0.7 |
1.2 |
2022 |
0.7 |
1.2 |
2023 |
0.7 |
1.2 |
2023 Membership for Philadelphia Municipal Retirement System
Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
26,723 |
36,593 |
832 |
64,148 |
1 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Philadelphia Municipal Retirement System
2001-2023
Fiscal Year |
Cash Flow |
Assets |
2001 |
-249.9 |
4,440.1 |
2002 |
-234.2 |
3,958.5 |
2003 |
-241.6 |
3,790.8 |
2004 |
-414.7 |
3,973.2 |
2005 |
-253.5 |
4,101.8 |
2006 |
-239.5 |
4,316.6 |
2007 |
-185.2 |
4,899.4 |
2008 |
-258.8 |
4,424.1 |
2009 |
-185.0 |
3,375.8 |
2010 |
-328.6 |
3,501.6 |
2011 |
-172.2 |
4,030.2 |
2012 |
-121.9 |
3,922.8 |
2013 |
76.6 |
4,445.2 |
2014 |
-210.0 |
4,916.7 |
2015 |
-256.3 |
4,674.3 |
2016 |
-170.6 |
4,358.0 |
2017 |
-50.5 |
4,874.1 |
2018 |
26.9 |
5,341.3 |
2019 |
43.4 |
5,688.4 |
2020 |
7.4 |
5,782.9 |
2021 |
-1.4 |
7,425.0 |
2022 |
-5.4 |
6,939.8 |
2023 |
297.3 |
7,808.1 |
2023 Cash Flows for Philadelphia Municipal Retirement System (millions)
Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
1,285.7 |
988.4 |
571.0 |
868.3 |
Cash Flow as a Percentage of Assets
Philadelphia Municipal Retirement System
2001-2023
Fiscal Year |
Philadelphia Municipal Retirement System |
National Average |
2001 |
-5.6 |
-2.1 |
2002 |
-5.9 |
-2.0 |
2003 |
-6.4 |
-2.5 |
2004 |
-10.4 |
-2.0 |
2005 |
-6.2 |
-2.2 |
2006 |
-5.5 |
-2.2 |
2007 |
-3.8 |
-2.1 |
2008 |
-5.9 |
-2.3 |
2009 |
-5.5 |
-3.1 |
2010 |
-9.4 |
-3.2 |
2011 |
-4.3 |
-3.1 |
2012 |
-3.1 |
-3.3 |
2013 |
1.7 |
-3.1 |
2014 |
-4.3 |
-2.9 |
2015 |
-5.5 |
-2.8 |
2016 |
-3.9 |
-3.0 |
2017 |
-1.0 |
-2.9 |
2018 |
0.5 |
-2.6 |
2019 |
0.8 |
-2.6 |
2020 |
0.1 |
-2.4 |
2021 |
0.0 |
-2.1 |
2022 |
-0.1 |
-2.1 |
2023 |
3.8 |
-2.2 |