Madison Fire & Rescue Pension Fund
public plan · City of Madison · Green Bay, WI
Funding History
What This Means for You
Madison Fire & Rescue Pension Fund is in excellent financial health at 88% funded. This means for every dollar the plan owes in future benefits, it has 88 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 | $752.4M | $852.3M | 88.3% | $48.3M |
| 2024 | $726.8M | $875.7M | 83.0% | $42.7M |
| 2023 | $707.4M | $881.0M | 80.3% | $49.5M |
| 2022 | $684.9M | $753.5M | 90.9% | $48.9M |
| 2021 | $660.5M | $778.9M | 84.8% | $39.9M |
Frequently Asked Questions
Madison Fire & Rescue Pension Fund is 88% funded, meaning it has 88 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Madison Fire & Rescue Pension Fund has 7,838 total participants, including 3,153 active employees and 4,685 retirees currently receiving benefits.
Madison 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.