Iowa Public Employees Retirement System
public plan · State of Iowa · Davenport, IA
Funding History
What This Means for You
Iowa Public Employees Retirement System is in good financial health at 86% funded. This means for every dollar the plan owes in future benefits, it has 86 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 | $36.0B | $41.8B | 86.1% | $1.1B |
| 2024 | $34.8B | $41.5B | 83.8% | $1.1B |
| 2023 | $32.5B | $40.2B | 80.9% | $1.4B |
| 2022 | $31.5B | $37.2B | 84.8% | $1.2B |
| 2021 | $29.8B | $32.3B | 92.4% | $1.3B |
Frequently Asked Questions
Iowa Public Employees Retirement System is 86% funded, meaning it has 86 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Iowa Public Employees Retirement System has 379,861 total participants, including 228,024 active employees and 151,837 retirees currently receiving benefits.
Iowa Public 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.