Riverside Fire & Rescue Pension Fund
public plan · City of Riverside · Los Angeles, CA
Funding History
What This Means for You
Riverside 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 | $1.1B | $1.4B | 79.2% | $94.6M |
| 2024 | $1.1B | $1.4B | 79.1% | $72.1M |
| 2023 | $1.1B | $1.3B | 78.2% | $74.2M |
| 2022 | $986.9M | $1.4B | 71.6% | $68.0M |
| 2021 | $937.5M | $1.3B | 74.8% | $77.2M |
Frequently Asked Questions
Riverside 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.
Riverside Fire & Rescue Pension Fund has 4,523 total participants, including 2,030 active employees and 2,493 retirees currently receiving benefits.
Riverside 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.