Dayton Fire & Rescue Pension Fund
public plan · City of Dayton · Cincinnati, OH
Funding History
What This Means for You
Dayton Fire & Rescue Pension Fund is significantly underfunded at 52%, with $265.7M in unfunded liabilities affecting 9,411 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $288.6M | $554.4M | 52.1% | $16.6M |
| 2024 | $276.6M | $547.8M | 50.5% | $18.1M |
| 2023 | $260.3M | $503.4M | 51.7% | $18.5M |
| 2022 | $251.8M | $528.9M | 47.6% | $18.9M |
| 2021 | $247.3M | $489.8M | 50.5% | $15.5M |
Frequently Asked Questions
Dayton Fire & Rescue Pension Fund is 52% funded, meaning it has 52 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Dayton Fire & Rescue Pension Fund has 9,411 total participants, including 5,960 active employees and 3,451 retirees currently receiving benefits.
Dayton 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.