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Pennsylvania Treasury McCord Report on Public Pensions 02-01-13 Web

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    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.

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