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Public Pensions Watch List - KOAM TV 7

Public Pensions Watch List

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JEFFERSON CITY, Mo. (AP) - Missouri Auditor Tom Schweich released a report Tuesday examining the financial health of 89 public pension plans set up to pay defined contributions to 546,000 people.

He placed 15 pension plans on a "watch list" based on concerns about their financial health. Those pension plans either had assets equal to less than 70 percent of the present value of their future retirement payments (their funded ratio), or received less than 95 percent of the funding that actuaries recommended was necessary to ensure their long-term financial stability (their contribution rate).

Here is a list of the pension plans on Schweich's watch list, with the number of people they cover, their funded ratios, and the percentage of the recommended contribution actually funded by governmental entities.

Bi-State Development Agency Division 788 Amalgamated Transit Union. Members: 2,341. Funded ratio: 52 percent. Contribution rate: 100 percent.

Bridgeton Employees Retirement Plan. Members 262. Funded ratio: 62 percent. Contribution rate: 57 percent.

Columbia Firemens' Retirement Plan. Members: 255. Funded ratio: 54 percent. Contribution rate: 100 percent.

Columbia Police Retirement Plan. Members: 293. Funded ratio: 54 percent. Contribution rate: 100 percent.

Joplin Police and Fire Pension Plan. Members: 326. Funded ratio: 54 percent. Contribution rate: 112 percent.

Kansas City Transportation Authority Union Employees Pension Plan. Members: 806. Funded ratio: 69 percent. Contribution rate: 89 percent.

Kansas City Police Retirement Plan. Members: 2,613. Funded ratio: 76 percent. Contribution rate: 52 percent.

Kansas City Civilian Police Employees' Retirement System. Members: 763. Funded ratio: 76 percent. Contribution rate: 64 percent.

Kansas City Firefighter's Pension System. Members: 1,802. Funded ratio: 79 percent. Contribution rate: 91 percent.

Kansas City Employees' Retirement System. Members: 5,639. Funded ratio: 79 percent. Contribution rate: 78 percent.

Kansas City Public School Retirement System. Members: 9,682. Funded ratio: 80 percent. Contribution rate: 68 percent.

Missouri Department of Transportation and Highway Patrol Employees' Retirement System. Members: 17,869. Funded ratio: 46 percent. Contribution rate: 100 percent.

St. Louis County Employees Retirement Plan. Members: 7,537. Funded ratio: 67 percent. Contribution rate: 100 percent.

Springfield Police and Fire Retirement Fund. Members: 891. Funded ratio: 59 percent. Contribution rate: 171 percent.

University City Non-Uniformed Retirement Plan. Members: 225. Funded ratio: 78 percent. Contribution rate: 84 percent.

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