Des Moines Fire & Rescue Pension Fund
public plan · City of Des Moines · Davenport, IA
Funding History
What This Means for You
Des Moines Fire & Rescue Pension Fund is in excellent financial health at 87% funded. This means for every dollar the plan owes in future benefits, it has 87 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 | $391.7M | $448.9M | 87.3% | $30.1M |
| 2024 | $381.1M | $421.1M | 90.5% | $25.4M |
| 2023 | $370.7M | $441.3M | 84.0% | $32.0M |
| 2022 | $341.0M | $411.3M | 82.9% | $25.2M |
| 2021 | $336.5M | $394.0M | 85.4% | $31.7M |
Frequently Asked Questions
Des Moines Fire & Rescue Pension Fund is 87% funded, meaning it has 87 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Des Moines Fire & Rescue Pension Fund has 9,111 total participants, including 4,341 active employees and 4,770 retirees currently receiving benefits.
Des Moines 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.