Wayne County Employees Retirement Fund
public plan · Wayne County · Raleigh, NC
Funding History
What This Means for You
Wayne County Employees Retirement Fund is 69% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $191.7M 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 | $425.6M | $617.3M | 68.9% | $16.2M |
| 2024 | $408.0M | $581.2M | 70.2% | $15.1M |
| 2023 | $402.8M | $602.0M | 66.9% | $15.1M |
| 2022 | $386.7M | $646.6M | 59.8% | $14.7M |
| 2021 | $357.8M | $474.0M | 75.5% | $16.2M |
Frequently Asked Questions
Wayne County Employees Retirement Fund is 69% funded, meaning it has 69 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Wayne County Employees Retirement Fund has 14,181 total participants, including 9,034 active employees and 5,147 retirees currently receiving benefits.
Wayne County Employees Retirement 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.