Portland Fire & Rescue Pension Fund
public plan · City of Portland · Eugene, OR
Funding History
What This Means for You
Portland Fire & Rescue Pension Fund is significantly underfunded at 58%, with $118.4M in unfunded liabilities affecting 5,310 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $165.1M | $283.5M | 58.2% | $5.0M |
| 2024 | $159.8M | $271.4M | 58.9% | $6.3M |
| 2023 | $153.6M | $247.8M | 62.0% | $5.3M |
| 2022 | $151.8M | $256.8M | 59.1% | $4.4M |
| 2021 | $135.8M | $218.7M | 62.1% | $6.1M |
Frequently Asked Questions
Portland Fire & Rescue Pension Fund is 58% funded, meaning it has 58 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Portland Fire & Rescue Pension Fund has 5,310 total participants, including 3,212 active employees and 2,098 retirees currently receiving benefits.
Portland 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.