Buffalo Fire & Rescue Pension Fund
public plan · City of Buffalo · Buffalo, NY
Funding History
What This Means for You
Buffalo Fire & Rescue Pension Fund is 76% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $265.8M in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $851.9M | $1.1B | 76.2% | $59.8M |
| 2024 | $825.2M | $1.1B | 76.1% | $58.4M |
| 2023 | $789.5M | $962.8M | 82.0% | $45.3M |
| 2022 | $740.6M | $1.0B | 73.4% | $44.0M |
| 2021 | $704.6M | $853.0M | 82.6% | $50.9M |
Frequently Asked Questions
Buffalo Fire & Rescue Pension Fund is 76% funded, meaning it has 76 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Buffalo Fire & Rescue Pension Fund has 4,025 total participants, including 2,282 active employees and 1,743 retirees currently receiving benefits.
Buffalo Fire & Rescue Pension Fund is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.