transparency

San Antonio Metropolitan Transit Retirement Plan

Overview

Contact Information:
PO Box 12489
San Antonio, TX 78212
http://www.viainfo.net
Phone: (210) 362-2216
Fax: None Reported

Classification: 810
Year Created:
Fiscal Year-End Month: 9

Total Members : 2,147

  Active Members: 783
  Inactive Members : 143
  Total Annuitants: 1,221
  (Effective Date: 9/30/2021)

Financials

(Effective Date: 9/30/2021)

Total Net Assets: $392,688,048

Total Assets : $399,678,771
Total Liabilities : $6,990,723
Total Additions : $93,669,184
Employer Contributions:
$14,253,181
15.22%
Employee Contributions:
$3,824,273
4.08%
Other Contributions:
$0
0.00%
Investment Income:
$75,591,730
80.70%
Other Income:
$0
0.00%

Total Deductions  : $31,443,955
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$29,450,734
93.66%
Administrative Expenses:
$137,671
0.44%
Investment Expenses:
$1,855,550
5.90%
Other Expenses:
$0
0.00%
Total Contribution Rate: 23.80%
(Effective Date: 10/1/2019)
Employer: 6.55%
Employee: 30.35%

Historical Investment Returns

(Report Date: 9/30/2021)
—  Assumed Rate of Return 7.25%
  • 1-Year Return: 22.40%
  • 3-Year Return: 12.20%
  • 10-Year Return: 11.50%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 7.25%

Actuarial

(Effective Date: 10/1/2019)
Actuarial Value of Assets : $303,012,960
Actuaries often select an asset valuation method that smooth the effects of short‐term volatility in the market value of assets. The actuarial value of assets is intended to give fund managers a more accurate picture of the fund’s ability to cover its liabilities.
Market Value of Assets: $299,221,000
Actuarial Assumption Details

Actuarial Funded Ratio : 65.71%

Market Funded Ratio: 66.54%

Amortization Period (Yrs) : 22
Unfunded Liability : $156,144,880
Unfunded Liability per Member: $72,727

Benefit Tier Details

Eligible Members:
Hired before 7/1/2013
Vesting:
5 YCS
Age/YCS:
65/10 or 55/25
Benefit Formula:
Years of Credited Service x 2.00% x Final Average Salary for YCS > 25 or Years of Credited Service x 1.75% x Final Average Salary for YCS < 25
Final Average Salary:
Highest 36 months
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes

Investment Policy Details

Effective Date: 11/1/2010

Asset Class:
Equities
Minimum Allocation:
51%
Maximum Allocation:
69%
Target Allocation:
60%
Asset Class:
Real Estate
Minimum Allocation:
9%
Maximum Allocation:
11%
Target Allocation:
10%
Asset Class:
Cash
Minimum Allocation:
0%
Maximum Allocation:
3%
Target Allocation:
0%
Asset Class:
Fixed Income
Minimum Allocation:
27%
Maximum Allocation:
33%
Target Allocation:
30%