Tucson Fire & Rescue Pension Fund
public plan · City of Tucson · Mesa, AZ
Funding History
What This Means for You
Tucson Fire & Rescue Pension Fund is 68% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $289.9M 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 | $610.6M | $900.5M | 67.8% | $38.5M |
| 2024 | $575.2M | $857.2M | 67.1% | $51.7M |
| 2023 | $576.3M | $821.0M | 70.2% | $43.7M |
| 2022 | $545.7M | $821.8M | 66.4% | $50.4M |
| 2021 | $525.2M | $735.6M | 71.4% | $38.0M |
Frequently Asked Questions
Tucson Fire & Rescue Pension Fund is 68% funded, meaning it has 68 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Tucson Fire & Rescue Pension Fund has 2,443 total participants, including 1,476 active employees and 967 retirees currently receiving benefits.
Tucson 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.