New Orleans Fire & Rescue Pension Fund
public plan · City of New Orleans · New Orleans, LA
Funding History
What This Means for You
New Orleans Fire & Rescue Pension Fund is in good financial health at 79% funded. This means for every dollar the plan owes in future benefits, it has 79 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 | $208.0M | $264.6M | 78.6% | $14.9M |
| 2024 | $196.7M | $257.1M | 76.5% | $14.6M |
| 2023 | $188.0M | $223.8M | 84.0% | $14.7M |
| 2022 | $189.5M | $251.7M | 75.3% | $12.2M |
| 2021 | $171.3M | $218.0M | 78.6% | $15.6M |
Frequently Asked Questions
New Orleans Fire & Rescue Pension Fund is 79% funded, meaning it has 79 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
New Orleans Fire & Rescue Pension Fund has 4,351 total participants, including 1,977 active employees and 2,374 retirees currently receiving benefits.
New Orleans 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.