Charlotte Fire & Rescue Pension Fund
public plan · City of Charlotte · Charlotte, NC
Funding History
What This Means for You
Charlotte Fire & Rescue Pension Fund is 79% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $99.0M 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 | $362.1M | $461.1M | 78.5% | $21.7M |
| 2024 | $360.4M | $459.6M | 78.4% | $23.3M |
| 2023 | $341.7M | $414.2M | 82.5% | $19.7M |
| 2022 | $326.0M | $450.8M | 72.3% | $27.9M |
| 2021 | $309.3M | $369.9M | 83.6% | $20.3M |
Frequently Asked Questions
Charlotte Fire & Rescue Pension Fund is 79% funded, meaning it has 79 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Charlotte Fire & Rescue Pension Fund has 2,392 total participants, including 1,450 active employees and 942 retirees currently receiving benefits.
Charlotte 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.