Unfunded Liability
N/A
actuarial shortfall
FY2023 data · Public Plans Database
Birmingham Police and Fire
A full financial snapshot of Birmingham Police and Fire: funded ratio, unfunded liability, member counts, and investment returns, drawn from 23 years of history in the Public Plans Database (Boston College CRR) and verified against actuarial valuations.
By PlainPension · · Alabama · Police & Fire Plan · Data through FY2023
- Funded ratio
- 75.1%
- Health grade
- CReported funded ratio below full funding
- Market assets
- N/A
- Members
- N/A
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Birmingham Police and Fire is one of 197 public pension plans tracked nationwide. The plan card reports FY2023 valuation figures; the multi-year table includes FY2024 where PPD published it; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.
Total Members
N/A
active + retired + vested
1-Year Return
7.7%
net investment return
0.0pp vs 5-yr avg
5-Year Avg Return
7.7%
annualized, net of fees
How Birmingham Police and Fire Funded Ratio Compares
Plan Funded Ratio 75.1%
National avg
A ratio of 75.1% compared against the national public-pension average of 75.5%.
Healthy Threshold
Plans above 80% are generally considered adequately funded by NASRA standards.
Historical Funded Ratio
| Year | Funded Ratio |
|---|---|
| 2024 | 74.0% |
| 2023 | 75.1% |
| 2022 | 77.0% |
| 2021 | 77.9% |
| 2020 | 75.8% |
| 2019 | 80.1% |
| 2018 | 82.2% |
| 2017 | 84.1% |
| 2016 | 78.1% |
| 2015 | 77.8% |
| 2014 | 86.2% |
| 2013 | 84.4% |
| 2012 | 85.4% |
| 2011 | 92.3% |
| 2010 | 92.0% |
| 2009 | 90.3% |
| 2008 | 101.5% |
| 2007 | 105.1% |
| 2006 | 104.4% |
| 2005 | 104.4% |
What the Data Says About Birmingham Police and Fire
Birmingham Police and Fire reports a funded ratio of 75.1% as of fiscal year 2023, earning a financial health grade of C in the Public Plans Database. The plan holds N/A in market assets against an unfunded liability of N/A. As a Police & Fire plan operating under Alabama sponsorship, it covers an undisclosed member base.
Birmingham Police and Fire shows a comfortably above-average funding position, 0 points below the 75.5% national average across tracked plans. A 5-year average investment return of 7.7% factors into the plan's overall trajectory.
For Alabama taxpayers and plan members, the N/A unfunded gap is the actuarial shortfall this plan must close over time.
Where this data comes from + how funding gaps get resolved
These figures come from the Public Plans Database, a collaboration between the Boston College Center for Retirement Research and NASRA that compiles them from each plan's Comprehensive Annual Financial Reports (CAFRs) and actuarial valuations. The relationship between contribution adequacy and investment performance determines whether an unfunded liability narrows or expands year over year, and the gap itself is typically closed through some combination of higher contributions, investment returns, or benefit modifications. See our methodology for how public-pension funding differs from ERISA-backed private plans, and our disclaimer below before acting on this data.
Plan Details
- Plan Type
- Police & Fire
- State
- Alabama
Source: Public Plans Database (PPD)
Boston College CRR / NASRA
Boston College CRR / NASRA
Plans With a Similar Funded Ratio
The closest plans nationwide to Birmingham Police and Fire's 75.1% funded ratio.
Other Alabama Plans
- Birmingham Retirement & Relief System 72.9%
- Alabama Teachers 65.1%
- Alabama ERS 63.4%
Frequently Asked Questions
Is Birmingham Police and Fire fully funded?
Birmingham Police and Fire has a funded ratio of 75.1% as of FY2023, earning a health grade of C. This funded ratio is an actuarial snapshot, not a solvency prediction. Compare its valuation date, asset method, and actuarial assumptions before drawing conclusions about a plan.
What happens if Birmingham Police and Fire runs out of money?
Birmingham Police and Fire's reported financial data should be read with the plan's own actuarial valuation and governing documents. This page does not assess legal obligations or predict government action.
What does a funded ratio of 75.1% mean?
A funded ratio of 75.1% means that Birmingham Police and Fire currently has assets equal to 75.1% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at N/A. This represents a moderate funding gap that requires ongoing monitoring.
How does Birmingham Police and Fire compare to other public pensions?
Birmingham Police and Fire is a Police & Fire plan in Alabama. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Birmingham Police and Fire's funded ratio of 75.1% places it near the national average.
How many members does Birmingham Police and Fire have?
Birmingham Police and Fire covers an undisclosed number of members. 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.
Related
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 PlainPension
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.
Data sources used on this page
- Public Plans Database (PPD) - funded ratios, assets, liabilities, and member counts for US state and local public pension plans, maintained by the Boston College Center for Retirement Research with MissionSquare Research Institute and NASRA. publicplansdata.org
- NASRA - National Association of State Retirement Administrators public-pension actuarial and policy references. nasra.org
Every figure on PlainPension is rendered directly from the Public Plans Database (Boston College Center for Retirement Research), no number is typed in by an editor. This page aggregates this plan's funded ratio, unfunded liability, and multi-year financial history, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.