Long Beach Fire & Rescue Pension Fund
public plan · City of Long Beach · Sacramento, CA
Funding History
What This Means for You
Long Beach Fire & Rescue Pension Fund is 63% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $154.2M 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 | $258.2M | $412.4M | 62.6% | $16.6M |
| 2024 | $252.5M | $436.9M | 57.8% | $22.6M |
| 2023 | $235.8M | $366.2M | 64.4% | $15.8M |
| 2022 | $227.8M | $392.0M | 58.1% | $19.6M |
| 2021 | $225.7M | $359.9M | 62.7% | $22.5M |
Frequently Asked Questions
Long Beach Fire & Rescue Pension Fund is 63% funded, meaning it has 63 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Long Beach Fire & Rescue Pension Fund has 7,108 total participants, including 3,406 active employees and 3,702 retirees currently receiving benefits.
Long Beach 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.