Garland Fire & Rescue Pension Fund
public plan · City of Garland · San Antonio, TX
Funding History
What This Means for You
Garland Fire & Rescue Pension Fund is 54% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $582.9M 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 | $688.5M | $1.3B | 54.2% | $45.0M |
| 2024 | $661.6M | $1.1B | 58.9% | $55.4M |
| 2023 | $631.4M | $1.0B | 60.9% | $46.3M |
| 2022 | $632.0M | $1.2B | 52.8% | $46.6M |
| 2021 | $571.0M | $1.1B | 52.4% | $55.7M |
Frequently Asked Questions
Garland Fire & Rescue Pension Fund is 54% funded, meaning it has 54 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Garland Fire & Rescue Pension Fund has 9,366 total participants, including 3,979 active employees and 5,387 retirees currently receiving benefits.
Garland 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.