Questions, comments, rants, etc:  cbriem@gmail.com

Facts and Figures 2011Reports on the right, will update graphs when I can All data reflects combined information for the 3 major pension plans of the City of Pittsburgh: Police, Fire and General Municial pension plans. Total Pension Liability 1995 $622,955,188 1997 $667,753,390 1999 $685,248,322 2001 $712,978,251 2003 $765,763,493 2005 $843,382,550 2007 $899,248,578 2009 $989,532,948 2011 $1,012,027,241 As of January 1st of each year Total Pension Assets 1995 $107,617,040 1997 $156,974,756 1999 $436,613,690 2001 $423,058,432 2003 $312,470,965 2005 $373,608,407 2007 $375,368,724 2009  $339,179,908 As of January 1st of each year. Unfunded Liability 1995 $515,338,148 1997 $510,778,634 1999 $248,634,632 2001 $289,919,819 2003 $453,292,528 2005 $469,774,143 2007 $523,879,854 2009 $650,353,040 As of January 1st of each year Total Monthly Pension Expenditures 1997 $56,063,554 1999 $55,427,384 2001 $53,252,121 2003 $54,368,709 2005 $62,241,932 2007 $76,863,862 2009 Funding Ratio by Year 1995 17.3% 1997 23.5% 1999 63.7% 2001 59.3% 2003 40.8% 2005 44.3% 2007 41.7% 2009 34.3% As of January 1st of each year Funding Ratio by Plan Annual Administrative Expenses 1997 $1,657,994 1999 $2,081,771 2001 $2,416,402 2003 $1,988,514 2005 $2,350,477 2007 $2,945,610 City's Minimum Municipal Obligation 2003 18,861,329 2005 32,092,082 2007 37,979,302 State Pension Aide to Pittsburgh Coming Soon Active City Workers Fire Municipal Police 1995 866 2,564 1,245 1997 886 2,316 1,153 1999 844 2,293 1,098 2001 889 2,287 1,098 2003 867 2,352 1,070 2005 737 1,819 804 2007 622 1,778 848 2009 642 1,783 898 Per Act 205 reports

Act 205 Reports 1997 Police Fire General Municipal 1999 Police Fire General Municipal 2001 Police Fire General Municipal 2003 Police Fire General Municipal 2005 Police Fire General Municipal 2007 Police Fire General Municipal 2009 Police Fire General Municipal 2011 Police Fire General Municipal Links Official City of Pittsburgh Pension Office Page Pennsylvania Public Employee Retirement Commission Pennsylvania Act 205 Information Pennsylvania Auditor General Pension Auditing GASB Postemployment Benefit Accounting and Financial Reporting Project Page GASB 43/45 Resource Center PensionTsunami Pennsylvania News

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Other Articles and Documents

Special Study on the Pennsylvania Municipal Retirement System's Integration of Administrative Services. 2010

Risky Business? Evaluating the Use of Pension Obligation Bonds. Government Finance Review, June 2003. Jim Burnham.
City of Pittsburgh Comprehensive Municipal Pension Trust Funds, Annual Report, December 31, 2000.
Municipal bond sales via the Internet: the story of Pittsburgh's electronic auction. Government Finance Review, August 1, 1998.
What to do about municipal pensions.  April 2009. University of Pittsburgh, Institute of Politics, Pensions Subcommittee
City of Pittsburgh Comprehensive Municipal Pension Trust Fund.  Auditor General
Pennsylvania Department of Communtiy and Economic Development.  Municipal Pension Handbook.
Official Statement City of Pittsburgh 1998ABC General Obligation Bond (Pension Bond)
City of Pittsburgh Proposed Pension Restructuring, August 2, 1996.

Selected News Coverage

Pittsburgh's Wasting Disease, Pittsburgh Post-Gazette, August 1, 1978
Ailing Municipal Pension Funds Studied, Pittsburgh Post-Gazette, October 27, 1979
Public Pension Woes, Pittsburgh Post-Gazette, August 4, 1980
Council Approves Reform of City Pension System, Pittsburgh Post-Gazette, November 2, 1982.
Council Adpots Pension formula, Pittsburgh Post-Gazette, 1987
Murphy Urges Pension Fund Solution. April 19, 1997.
Council, Mayor, review City's Pension Fund.  Pittsburgh Post-Gazette, January 28, 1998.
Pension Plan Rescue gets extension, Pittsburgh Post-Gazette, June 17, 1998.
States and cities risk bigger losses to fund pensions By Mary Williams Walsh , New York Times, October 12, 2003
Cities Start Adding Up Retiree Cost. Pittsburgh Business Times, February 17, 2006

Underfunded pensions drain city budget, Pittsburgh Post-Gazette, May 23, 2006
Mapping Out a Crisis: Where do city pension dollars wind up. Pittsburgh City Paper, October 30, 2008

City's pay-as-you-go budget earns OK, grumbles, Pittsburgh Tribune Review, December 17, 2008
Finance director: Pittsburgh's pension liabilities could top $1 billion . Pittsburgh Tribune Review, August 28, 2009

City’s loss in EMS pension case could spur others, Pittsburgh Post-Gazette, March 25, 2010