Winston-Salem Police Pension Fund
public plan · City of Winston-Salem · Raleigh, NC
Funding History
What This Means for You
Winston-Salem Police Pension Fund is significantly underfunded at 49%, with $480.6M in unfunded liabilities affecting 11,205 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $451.8M | $932.4M | 48.5% | $27.7M |
| 2024 | $439.8M | $981.7M | 44.8% | $35.7M |
| 2023 | $418.3M | $845.1M | 49.5% | $30.2M |
| 2022 | $390.2M | $869.0M | 44.9% | $32.5M |
| 2021 | $386.0M | $727.0M | 53.1% | $29.2M |
Frequently Asked Questions
Winston-Salem Police Pension Fund is 49% funded, meaning it has 49 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
Winston-Salem Police Pension Fund has 11,205 total participants, including 4,455 active employees and 6,750 retirees currently receiving benefits.
Winston-Salem Police 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.