Honolulu Fire & Rescue Pension Fund
public plan · City of Honolulu · Honolulu, HI
Funding History
What This Means for You
Honolulu Fire & Rescue Pension Fund is 62% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $272.0M 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 | $447.5M | $719.5M | 62.2% | $25.7M |
| 2024 | $444.1M | $769.8M | 57.7% | $19.4M |
| 2023 | $422.3M | $657.8M | 64.2% | $21.1M |
| 2022 | $398.1M | $697.2M | 57.1% | $25.3M |
| 2021 | $390.3M | $668.4M | 58.4% | $18.7M |
Frequently Asked Questions
Honolulu Fire & Rescue Pension Fund is 62% funded, meaning it has 62 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Honolulu Fire & Rescue Pension Fund has 3,634 total participants, including 1,486 active employees and 2,148 retirees currently receiving benefits.
Honolulu 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.