Little Rock Fire & Rescue Pension Fund
public plan · City of Little Rock · Fort Smith, AR
Funding History
What This Means for You
Little Rock Fire & Rescue Pension Fund is significantly underfunded at 46%, with $603.3M in unfunded liabilities affecting 6,075 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 | $513.3M | $1.1B | 46.0% | $41.1M |
| 2024 | $491.0M | $1.0B | 47.7% | $35.8M |
| 2023 | $486.1M | $1.2B | 41.2% | $46.5M |
| 2022 | $465.6M | $1.1B | 42.1% | $34.8M |
| 2021 | $449.5M | $841.8M | 53.4% | $33.1M |
Frequently Asked Questions
Little Rock Fire & Rescue Pension Fund is 46% funded, meaning it has 46 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Little Rock Fire & Rescue Pension Fund has 6,075 total participants, including 3,172 active employees and 2,903 retirees currently receiving benefits.
Little Rock 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.