Plan

Atlanta General Employees Pension Fund

State

Georgia

Funded Ratio

69.9%

Assets

$1.73B

Members

10,431

Health Grade: C — Underfunded — significant gap between assets and liabilities

FY2023 data Grade C Public Plans Database

Atlanta General Employees Pension Fund

Funded ratio, unfunded liability, member counts, ARC coverage, and 23-year financial history for Atlanta General Employees Pension Fund — sourced from the Public Plans Database (Boston College CRR) and cross-checked against actuarial valuations.

Browse all states → How we grade plans

By Kiznis Studio Editorial · June 2026 · Georgia · General State Plan · Data through FY2023

Financial Health Grade

Underfunded — significant gap between assets and liabilities

Funded Ratio

69.9%

actuarial assets / liabilities

Unfunded Liability

$746M

actuarial shortfall

Total Members

10,431

active + retired + vested

1-Year Return

9.6%

net investment return

2.0pp vs 5-yr avg

5-Year Avg Return

7.6%

annualized, net of fees

ARC Payment

44.9%

of actuarially required contribution

How Atlanta General Employees Pension Fund Funded Ratio Compares

Plan Funded Ratio 69.9%

National avg

A ratio of 69.9% compared against the national public-pension average of 73.5%.

Healthy Threshold

Plans above 80% are generally considered adequately funded by NASRA standards.

Participant Composition

The active-to-retiree ratio is a leading indicator of long-term plan sustainability — plans with more retirees than active contributors face mounting cash-flow pressure as benefit payments outpace incoming contributions.

Investment Policy Mix

Public pension plans report their asset allocation in Form 5500 Schedule H Part I disclosures. Equity-heavy mixes capture market upside but introduce volatility; fixed-income tilts protect funded status during downturns at the cost of long-run return.

Historical Funded Ratio

Year	Funded Ratio	Assets	Unfunded	Members
2024	69.9%	N/A	N/A	N/A
2023	68.6%	$1.73B	$790M	10,431
2022	69.2%	$1.63B	$727M	10,311
2021	67.1%	$1.91B	$937M	10,653
2020	64.4%	$1.50B	$831M	10,857
2019	64.8%	$1.50B	$816M	10,603
2018	65.1%	$1.46B	$782M	10,576
2017	63.2%	$1.37B	$797M	10,493
2016	63.4%	$1.25B	$720M	10,297
2015	62.4%	$1.28B	$774M	10,356
2014	60.8%	$1.27B	$820M	10,112
2013	61.1%	$1.13B	$719M	10,019
2012	60.5%	$1.03B	$671M	10,112
2011	60.8%	$964M	$621M	6,360
2010	62.7%	$851M	$506M	6,766
2009	66.1%	$782M	$401M	10,413
2008	72.3%	$829M	$317M	11,142
2007	75.7%	$830M	$267M	10,606
2006	75.6%	$775M	$250M	N/A
2005	86.1%	$776M	$125M	N/A

What the Data Says About Atlanta General Employees Pension Fund

Atlanta General Employees Pension Fund reports a funded ratio of 69.9% as of fiscal year 2023, earning a financial health grade of C in the Public Plans Database. The plan holds $1.73B in market assets against an unfunded liability of $746M. As a General State plan operating under Georgia sponsorship, it covers 10,431 members (4,526 active contributors, 5,565 retirees drawing benefits). These figures aggregate from Form 5500 filings submitted to the Department of Labor and actuarial valuations reported through NASRA.

A funded ratio in the 60–80% range indicates moderate underfunding that falls near the national average of 72–75% but leaves the plan exposed to market downturns and demographic shifts. Employer contributions covered 44.9% of the Annual Required Contribution in the most recent reporting cycle, while the plan posted a 5-year average investment return of 7.6%. The relationship between contribution adequacy and investment performance determines whether the unfunded liability narrows or expands year over year.

For Georgia taxpayers and plan members, the $746M unfunded gap represents the actuarial shortfall that must eventually be closed through a combination of contributions, investment returns, or benefit modifications. Unlike private-sector pensions governed by ERISA and backstopped by the PBGC, public plans like Atlanta General Employees Pension Fund rely on the full faith and credit of Georgia — meaning funding shortfalls flow through to state and local budgets rather than a federal insurance program. This information summarizes official Public Plans Database disclosures and is provided for research and educational purposes only. It is not financial, legal, or retirement-planning advice; active and retired members with specific benefit questions should consult their plan administrator directly.

Membership

4,526

Active Members

5,565

Retirees

10,431

Total Members

Plan Details

Plan Type: General State
State: Georgia
Market Assets: $1.73B
ARC Payment: 44.9%

Source: Public Plans Database (PPD)
Boston College CRR / NASRA

Other Georgia Plans

Atlanta Police Fund 85.1%
Georgia Teachers Retirement System 78.5%
Atlanta Fire 62.9%
Georgia Employees Retirement System 56.9%

All Georgia plans →

Related Resources

Pension Guides

Frequently Asked Questions

Is Atlanta General Employees Pension Fund fully funded?

Atlanta General Employees Pension Fund has a funded ratio of 69.9% as of FY2023, earning a health grade of C. A funded ratio of 100% means the plan has enough assets to cover all projected liabilities. Ratios above 80% are generally considered adequately funded; ratios below 60% indicate significant underfunding and risk to future benefits.

What happens if Atlanta General Employees Pension Fund runs out of money?

Public pension plans like Atlanta General Employees Pension Fund are backed by the sponsoring government entity — in this case Georgia. If a plan's assets are insufficient, the state or local government is typically required to make up the difference through increased contributions, benefit adjustments, or tax measures. Unlike private pensions, public pensions are not insured by the PBGC, but they do carry the full faith and credit of the sponsoring government.

What does a funded ratio of 69.9% mean?

A funded ratio of 69.9% means that Atlanta General Employees Pension Fund currently has assets equal to 69.9% of its projected benefit obligations. The unfunded liability — the gap between assets and liabilities — stands at $746M. This represents a moderate funding gap that requires ongoing monitoring.

How does Atlanta General Employees Pension Fund compare to other public pensions?

Atlanta General Employees Pension Fund is a General State plan in Georgia serving 10,431 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 72–75%. Atlanta General Employees Pension Fund's funded ratio of 69.9% places it near the national average.

How many members does Atlanta General Employees Pension Fund have?

Atlanta General Employees Pension Fund covers 10,431 total members, including 4,526 active employees and 5,565 retirees currently receiving benefits. The ratio of active members to retirees is a key indicator of plan sustainability — when the number of retirees grows relative to active contributors, funding pressure increases.

What is the ARC payment percentage for Atlanta General Employees Pension Fund?

Atlanta General Employees Pension Fund pays 44.9% of its Annual Required Contribution (ARC). Consistently underpaying the ARC accelerates the growth of unfunded liabilities and places future benefits at greater risk. Employer contribution patterns are tracked annually in the Public Plans Database.

Browse all → | Rankings →

Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by Kiznis Studio Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Public Plans Database (PPD). Consult a qualified professional before making decisions based on this data.

Read our methodology — how this data is sourced, computed, and verified.

All federal data sources used on this page

U.S. Census Bureau ACS — demographic + housing + income data. census.gov/programs-surveys/acs
BLS Occupational Employment and Wage Statistics (OEWS) — wage + employment by occupation. bls.gov/oes
BEA Regional Economic Accounts — GDP + personal income by state/metro. bea.gov/data/regional
U.S. Census Bureau County Business Patterns — establishment + employment by industry. census.gov/cbp
IRS Statistics of Income (SOI) — tax-return aggregate data. irs.gov/statistics
data.gov — U.S. federal open-data portal — discovery layer for additional federal sources. data.gov