pennsylvania treasury mccord report on public pensions 02-01-13 web
TRANSCRIPT
-
7/29/2019 Pennsylvania Treasury McCord Report on Public Pensions 02-01-13 Web
1/4
-
7/29/2019 Pennsylvania Treasury McCord Report on Public Pensions 02-01-13 Web
2/4
-
7/29/2019 Pennsylvania Treasury McCord Report on Public Pensions 02-01-13 Web
3/4
www.patreasury.gov
MD14
Minnesota137
Florida302
752number of plans
among all the other
states combined
10 or fewermembers
68.0%
11 to 25members
18.9%
26 to 50members
8.0%
51 or moremembers
5.1%
Local Defined Benefit Plans by Select States
Municipal Pensions
Distribution of Municipal Pension by Number of Active Members
Growth in PA Local Government Pension Plans3500
3000
2500
2000
1500
1000
500
0
1974 1978 1982 1985 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011
Authority
Borough
Townships(1st & 2nd Class)
Council of GovernmentCounty
City
49
4
1,
354
1,
080
6072
168
1600
1991
2284
2407
2512
2599
2704
2767
2848
2913
2995
3055
3098
3129
3160
3207
3228
NumberofPlans
There are 3,196 local government defined
benefit plans in the United States. Pennsylvania
is home to 1,422, or 44%, of those plans. In fact
Pennsylvania has more than three times as manypublic employee defined benefit pension plans
as any other state.
An often used threshold to classify a public pension plan as large or small is 100
employees. Using that criterion, 98% of Pennsylvanias local government pension plans are
small. Broken down further, 95% of the states plans have fewer than 50 employees and
32% have three or fewer active members.
The number of local government
pension plans has increased with eac
report of the PA Public Employee
Retirement Commission since
reporting requirements went intoeffect in 1974. The overall increase
since that time has been 102%. Of th
21 plans created between 2009 and
2011, only two had 10 or more
members.
Source: Status Report on Local Government Pension Plans, Pennsylvania Public Employee Retirement
Commission, Dec. 2012.
Source: Public-Employee Retirement Systems State- and
Locally-Administered Pensions Summary Report:
2010, U.S. Census Bureau, April 2012.
Source: Status Report on Local Government
Pension Plans, Pennsylvania Public Employee
Retirement Commission, December 2012.
-
7/29/2019 Pennsylvania Treasury McCord Report on Public Pensions 02-01-13 Web
4/4