Charlotte Municipal Employees Retirement System
public plan · City of Charlotte · Charlotte, NC
Funding History
What This Means for You
Charlotte Municipal Employees Retirement System is in good financial health at 89% funded. This means for every dollar the plan owes in future benefits, it has 89 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $4.3B | $4.9B | 88.9% | $324.9M |
| 2024 | $4.2B | $4.8B | 87.5% | $348.6M |
| 2023 | $4.1B | $4.6B | 91.0% | $315.4M |
| 2022 | $3.9B | $4.3B | 90.6% | $329.3M |
| 2021 | $3.7B | $3.9B | 95.8% | $381.9M |
Frequently Asked Questions
Charlotte Municipal Employees Retirement System is 89% funded, meaning it has 89 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Charlotte Municipal Employees Retirement System has 24,775 total participants, including 13,794 active employees and 10,981 retirees currently receiving benefits.
Charlotte Municipal Employees Retirement System 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.