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Capital MTA Retirement Plan for Administrative Employees

Overview

Contact Information:
2910 E 5th St
Austin, TX 78702
http://www.capmetro.org
Phone: (512) 389-7400
Fax: None Reported

Classification: 810
Year Created: 2005
Fiscal Year-End Month: 12

Total Members : 722

  Active Members: 314
  Inactive Members : 272
  Total Annuitants: 136
  (Effective Date: 1/1/2021)

Financials

(Effective Date: 12/31/2020)

Total Net Assets: $45,536,891

Total Assets : $45,581,116
Total Liabilities : $44,225
Total Additions : $9,231,517
Employer Contributions:
$3,261,230
35.33%
Employee Contributions:
$0
0.00%
Other Contributions:
$0
0.00%
Investment Income:
$5,970,287
64.67%
Other Income:
$0
0.00%

Total Deductions  : $1,510,801
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$1,391,785
92.12%
Administrative Expenses:
$75,645
5.01%
Investment Expenses:
$43,371
2.87%
Other Expenses:
$0
0.00%
Total Contribution Rate: 11.98%
(Effective Date: 1/1/2021)
Employer: 0.00%
Employee: 11.98%

Historical Investment Returns

(Report Date: 12/31/2020)
—  Assumed Rate of Return 6.75%
  • 1-Year Return: 15.01%
  • 3-Year Return: 9.31%
  • 10-Year Return: 8.79%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 6.75%

Actuarial

Note: Reported amortization period is based on an open amortization funding policy.
(Effective Date: 1/1/2021)
Actuarial Value of Assets : $45,554,310
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: $41,549,498
Actuarial Assumption Details

Actuarial Funded Ratio : 80.03%

Market Funded Ratio: 87.74%

Amortization Period (Yrs) : 20
Unfunded Liability : $10,368,628
Unfunded Liability per Member: $14,361

Benefit Tier Details

Eligible Members:
All
Vesting:
Graded 100% at 5 YCS
Age/YCS:
65/5 or Rule of 80
Benefit Formula:
Years of Credited Service x 1.5% x Final Average Salary + YCS x 0.5% x Excess of Covered Compensation
Final Average Salary:
Highest 5 years
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
Yes

Investment Policy Details

Effective Date: 8/1/2016

Asset Class:
Cash
Minimum Allocation:
0%
Maximum Allocation:
15%
Target Allocation:
5%
Asset Class:
Alternative Investments
Minimum Allocation:
0%
Maximum Allocation:
20%
Target Allocation:
10%
Asset Class:
Fixed Income
Minimum Allocation:
15%
Maximum Allocation:
35%
Target Allocation:
25%
Asset Class:
Equities
Minimum Allocation:
40%
Maximum Allocation:
80%
Target Allocation:
60%