Irvine Municipal Employees Retirement System
public plan · City of Irvine · Sacramento, CA
Funding History
What This Means for You
Irvine Municipal Employees Retirement System is in excellent financial health at 91% funded. This means for every dollar the plan owes in future benefits, it has 91 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 | $3.7B | $4.1B | 90.5% | $151.5M |
| 2024 | $3.7B | $4.1B | 90.1% | $112.8M |
| 2023 | $3.4B | $3.7B | 90.4% | $140.4M |
| 2022 | $3.3B | $3.5B | 95.5% | $139.4M |
| 2021 | $3.1B | $3.5B | 88.9% | $157.6M |
Frequently Asked Questions
Irvine Municipal Employees Retirement System is 91% funded, meaning it has 91 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Irvine Municipal Employees Retirement System has 38,875 total participants, including 19,621 active employees and 19,254 retirees currently receiving benefits.
Irvine 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.