Municipal Fiscal Indicators: Pension Funding Information For Defined Benefit Pension Plans, 2020

data.ct.gov | Last Updated 30 Jan 2024

Municipal Fiscal Indicators is an annual compendium of information compiled by the Office of Policy and Management, Office of Finance, Municipal Finance Services Unit (MFS). Municipal Fiscal Indicators contains the most current financial data available for each of Connecticut's 169 municipalities. The data contained in Indicators provides key financial and demographic information on municipalities in Connecticut. The data includes selected demographic and economic data relating to, or having an impact upon, a municipality’s financial condition. Pension Funding Information For Defined Benefit Pension Plans of Connecticut Municipalities, compiled by the CT Office of Policy and Management in the annual Municipal Fiscal Indicators report. Post-employment benefits are typically provided by municipalities to former employees or their beneficiaries as compensation for services rendered while these employees were still active. These benefits are generally divided into two broad categories – pension benefits (retirement income) and Other Post-employment Benefits (postemployment benefits other than pensions, referenced as OPEB). Forms of OPEB typically include healthcare benefits and benefits such as disability and life insurance provided outside of the pension plan. The majority of this data was compiled from the audited financial statements that are filed annually with the State of Connecticut, Office of Policy and Management, Office of Finance. Unlike prior years' where the audited financial information was compiled by OPM, the FY 2020 information in this edition was based upon the self-reporting by municipalities of their own audited data. The most recent edition is for the Fiscal Years Ended 2016-2020 published in July 2022. Data on the 2020 Municipal Fiscal Indicators is included in the following datasets: 1. <a href="https://data.ct.gov/d/aiwt-8yhn">Municipal Fiscal Indicators, 2020</a> 2. <a href="https://data.ct.gov/d/wb9r-t4hp">Municipal Fiscal Indicators: Uniform Chart of Accounts - Expenditures by Town, 2020</a> 3. <a href="https://data.ct.gov/d/dxx8-78jr">Municipal Fiscal Indicators: Uniform Chart of Accounts - Expenses by Function, 2020</a> 4. <a href="https://data.ct.gov/d/5xsg-8hur">Municipal Fiscal Indicators: Pension Funding Information For Defined Benefit Pension Plans, 2020</a> 5. <a href="https://data.ct.gov/d/u6w3-tea4">Municipal Fiscal Indicators: Other Post-Employment Benefits (OPEB), 2020</a> 6. <a href="https://data.ct.gov/d/kkhf-upbi">Municipal Fiscal Indicators: Type and Number of Pension Plans, 2020</a> 7. <a href="https://data.ct.gov/d/q4e6-uyfb">Municipal Fiscal Indicators: Economic and Grand List Data, 2020</a> 8. <a href="https://data.ct.gov/d/ivad-j2rk">Municipal Fiscal Indicators: Benchmark Labor Data, 2020</a> 9. <a href="https://data.ct.gov/d/8n4z-7dtx">Municipal Fiscal Indicators: Bond Ratings, 2020</a>

Tags: 2020 municipal fiscal indicators, municipal fiscal indicators, opm

This dataset has the following 28 columns:

Column NameAPI Column NameData TypeDescriptionSample Values
YearyearnumberYear
Entity Nameentity_nametextEntity Name
C-2 Plan Namec_2_plan_nametextC-2 Plan Name
D-4 All Eligible Employeesd_4_all_eligible_employeescheckboxD-4 All Eligible Employees
D-6 General Townd_6_general_towncheckboxD-6 General Town
D-8 Policed_8_policecheckboxD-8 Police
D-10 Fired_10_firecheckboxD-10 Fire
D-12 Non Certified Board of Educationd_12_non_certified_boardcheckboxD-12 Non Certified Board of Education
D-14 Otherd_14_othercheckboxD-14 Other
D-16 Brief Description (if other)d_16_brief_description_iftextD-16 Brief Description (if other)
F-2 Closed Planf_2_closed_plancheckboxF-2 Closed Plan
F-4 Volunteer Planf_4_volunteer_plancheckboxF-4 Volunteer Plan
F-6 Total Number of Membersf_6_total_number_of_membersnumberF-6 Total Number of Members
F-8 Number of Active Membersf_8_number_of_active_membersnumberF-8 Number of Active Members
H-2 Discount Rateh_2_discount_ratenumberH-2 Discount Rate
H-4 Long-Term Investment Rate of Returnh_4_long_term_investmentnumberH-4 Long-Term Investment Rate of Return
H-6 Money Weight of Returnh_6_money_weight_of_returnnumberH-6 Money Weight of Return
J-2 Date of Pension Valuationj_2_date_of_pension_valuationcalendar_dateJ-2 Date of Pension Valuation
J-16 Covered Payrollj_16_covered_payrollnumberJ-16 Covered Payroll
J-4 Valuation Methodj_4_valuation_methodtextJ-4 Valuation Method
J-6 Total Pension Liability of the Planj_6_total_pension_liabilitynumberJ-6 Total Pension Liability of the Plan
J-8 Plan Fiduciary Net Positionj_8_plan_fiduciary_netnumberJ-8 Plan Fiduciary Net Position
J-10 Net Pension Liabilityj_10_net_pension_liabilitynumberJ-10 Net Pension Liability
J-12 Funded Ratioj_12_funded_rationumberJ-12 Funded Ratio
J-14 Pay As You Go Planj_14_pay_as_you_go_plancheckboxJ-14 Pay As You Go Plan
J-18 Actuarial Determined Employer Contribution (ADEC)j_18_actuarial_determinednumberJ-18 Actuarial Determined Employer Contribution (ADEC)
J-20 Employer Contribution Madej_20_employer_contributionnumberJ-20 Employer Contribution Made
J-22 Contribution Shortfall (Excess)j_22_contribution_shortfallnumberJ-22 Contribution Shortfall (Excess)