St. Petersburg Fire & Rescue Pension Fund
public plan · City of St. Petersburg · Jacksonville, FL
Funding History
What This Means for You
St. Petersburg Fire & Rescue Pension Fund is 75% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $259.4M in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $782.0M | $1.0B | 75.1% | $27.4M |
| 2024 | $736.3M | $1.0B | 73.2% | $28.4M |
| 2023 | $716.1M | $1.0B | 69.7% | $31.8M |
| 2022 | $698.2M | $944.8M | 73.9% | $28.3M |
| 2021 | $678.4M | $863.2M | 78.6% | $29.0M |
Frequently Asked Questions
St. Petersburg Fire & Rescue Pension Fund is 75% funded, meaning it has 75 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
St. Petersburg Fire & Rescue Pension Fund has 5,362 total participants, including 1,924 active employees and 3,438 retirees currently receiving benefits.
St. Petersburg 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.