Gilbert Fire & Rescue Pension Fund
public plan · City of Gilbert · Tucson, AZ
Funding History
What This Means for You
Gilbert Fire & Rescue Pension Fund is in good financial health at 65% funded. This means for every dollar the plan owes in future benefits, it has 65 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 | $725.1M | $1.1B | 65.0% | $24.6M |
| 2024 | $705.0M | $1.1B | 63.8% | $28.1M |
| 2023 | $676.9M | $1.1B | 60.2% | $28.1M |
| 2022 | $658.2M | $1.1B | 60.3% | $33.6M |
| 2021 | $620.3M | $1.1B | 57.0% | $27.9M |
Frequently Asked Questions
Gilbert Fire & Rescue Pension Fund is 65% funded, meaning it has 65 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Gilbert Fire & Rescue Pension Fund has 1,558 total participants, including 666 active employees and 892 retirees currently receiving benefits.
Gilbert 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.