Greensboro Fire & Rescue Pension Fund
public plan · City of Greensboro · Greensboro, NC
Funding History
What This Means for You
Greensboro Fire & Rescue Pension Fund is in excellent financial health at 85% funded. This means for every dollar the plan owes in future benefits, it has 85 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 | $1.2B | $1.4B | 85.1% | $65.4M |
| 2024 | $1.2B | $1.3B | 90.9% | $86.5M |
| 2023 | $1.1B | $1.4B | 78.1% | $80.4M |
| 2022 | $1.1B | $1.4B | 74.8% | $63.6M |
| 2021 | $1.0B | $1.2B | 82.7% | $78.4M |
Frequently Asked Questions
Greensboro Fire & Rescue Pension Fund is 85% funded, meaning it has 85 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Greensboro Fire & Rescue Pension Fund has 1,737 total participants, including 1,026 active employees and 711 retirees currently receiving benefits.
Greensboro 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.