Las Vegas Fire & Rescue Pension Fund
public plan · City of Las Vegas · Reno, NV
Funding History
What This Means for You
Las Vegas Fire & Rescue Pension Fund is significantly underfunded at 50%, with $1.0B in unfunded liabilities affecting 4,381 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $1.1B | $2.1B | 50.4% | $42.1M |
| 2024 | $989.3M | $2.3B | 43.9% | $47.0M |
| 2023 | $946.9M | $2.2B | 42.1% | $58.9M |
| 2022 | $963.3M | $1.6B | 60.4% | $53.1M |
| 2021 | $893.2M | $1.8B | 49.6% | $41.2M |
Frequently Asked Questions
Las Vegas Fire & Rescue Pension Fund is 50% funded, meaning it has 50 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Las Vegas Fire & Rescue Pension Fund has 4,381 total participants, including 2,388 active employees and 1,993 retirees currently receiving benefits.
Las Vegas 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.