Pierce County Employees Retirement Fund
public plan · Pierce County · Tallahassee, FL
Funding History
What This Means for You
Pierce County Employees Retirement Fund is in good financial health at 67% funded. This means for every dollar the plan owes in future benefits, it has 67 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 | $544.4M | $811.8M | 67.1% | $37.5M |
| 2024 | $537.4M | $818.0M | 65.7% | $34.2M |
| 2023 | $520.4M | $758.6M | 68.6% | $38.0M |
| 2022 | $479.8M | $761.5M | 63.0% | $27.0M |
| 2021 | $451.7M | $703.6M | 64.2% | $38.2M |
Frequently Asked Questions
Pierce County Employees Retirement Fund is 67% funded, meaning it has 67 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Pierce County Employees Retirement Fund has 16,473 total participants, including 10,173 active employees and 6,300 retirees currently receiving benefits.
Pierce County Employees Retirement 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.