Glendale Municipal Employees Retirement System
public plan · City of Glendale · Tucson, AZ
Funding History
What This Means for You
Glendale Municipal Employees Retirement System is in good financial health at 75% funded. This means for every dollar the plan owes in future benefits, it has 75 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 | $4.6B | $6.1B | 74.7% | $163.7M |
| 2024 | $4.6B | $5.9B | 76.7% | $237.5M |
| 2023 | $4.4B | $6.7B | 65.5% | $203.7M |
| 2022 | $4.1B | $5.7B | 72.2% | $172.3M |
| 2021 | $3.9B | $5.6B | 70.0% | $229.4M |
Frequently Asked Questions
Glendale Municipal Employees Retirement System is 75% funded, meaning it has 75 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Glendale Municipal Employees Retirement System has 38,948 total participants, including 18,627 active employees and 20,321 retirees currently receiving benefits.
Glendale 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.