Phoenix Municipal Employees Retirement System
public plan · City of Phoenix · Tucson, AZ
Funding History
What This Means for You
Phoenix Municipal Employees Retirement System is in good financial health at 82% funded. This means for every dollar the plan owes in future benefits, it has 82 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 | $2.0B | $2.5B | 81.7% | $120.0M |
| 2024 | $1.9B | $2.5B | 78.2% | $123.1M |
| 2023 | $1.9B | $2.6B | 73.5% | $124.4M |
| 2022 | $1.8B | $2.2B | 80.3% | $149.5M |
| 2021 | $1.7B | $2.0B | 85.4% | $126.2M |
Frequently Asked Questions
Phoenix Municipal Employees Retirement System is 82% funded, meaning it has 82 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Phoenix Municipal Employees Retirement System has 39,247 total participants, including 15,239 active employees and 24,008 retirees currently receiving benefits.
Phoenix Municipal Employees Retirement System 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.