Spokane Fire & Rescue Pension Fund
public plan · City of Spokane · Olympia, WA
Funding History
What This Means for You
Spokane Fire & Rescue Pension Fund is in excellent financial health at 83% funded. This means for every dollar the plan owes in future benefits, it has 83 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 | $1.3B | 83.3% | $40.8M |
| 2024 | $1.0B | $1.3B | 80.8% | $36.8M |
| 2023 | $1.0B | $1.1B | 91.2% | $38.4M |
| 2022 | $962.3M | $1.3B | 73.2% | $30.9M |
| 2021 | $885.1M | $1.2B | 75.6% | $31.2M |
Frequently Asked Questions
Spokane Fire & Rescue Pension Fund is 83% funded, meaning it has 83 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Spokane Fire & Rescue Pension Fund has 2,055 total participants, including 866 active employees and 1,189 retirees currently receiving benefits.
Spokane 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.