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

ipension13.jpg

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

`

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

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