Indianapolis Fire & Rescue Pension Fund
public plan · City of Indianapolis · Indianapolis, IN
Funding History
What This Means for You
Indianapolis Fire & Rescue Pension Fund is 53% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $440.7M 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 | $501.1M | $941.8M | 53.2% | $15.2M |
| 2024 | $496.6M | $893.2M | 55.6% | $15.7M |
| 2023 | $463.7M | $1.1B | 44.0% | $14.9M |
| 2022 | $440.6M | $755.8M | 58.3% | $14.0M |
| 2021 | $431.0M | $1.1B | 39.7% | $14.6M |
Frequently Asked Questions
Indianapolis Fire & Rescue Pension Fund is 53% funded, meaning it has 53 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Indianapolis Fire & Rescue Pension Fund has 7,348 total participants, including 3,425 active employees and 3,923 retirees currently receiving benefits.
Indianapolis 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.