Is Dallas Police and Fire fully funded?

Dallas Police and Fire has a source-reconciled actuarial funded ratio of 32.2% as of FY2024, earning a health grade of B. A funded ratio measures reported actuarial assets relative to reported accrued liabilities. It is useful context, but it cannot on its own predict future contributions, benefits, or public-policy decisions.

What happens if Dallas Police and Fire runs out of money?

Public plans are governed under state and local rules that differ by jurisdiction. The PPD figures shown here are financial data, not a finding about benefit security or taxpayer obligations.

What does a funded ratio of 32.2% mean?

A funded ratio of 32.2% means that Dallas Police and Fire reported actuarial assets equal to 32.2% of its accrued liabilities at that valuation date. The source-reported actuarial unfunded liability stands at $3.98B. This level of underfunding typically requires corrective action such as increased contributions or benefit restructuring.

How does Dallas Police and Fire compare to other public pensions?

Dallas Police and Fire is a Police & Fire plan in Texas serving 10,547 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Dallas Police and Fire's source-reconciled actuarial funded ratio of 32.2% places it below the national average, indicating elevated fiscal pressure.

How many members does Dallas Police and Fire have?

Dallas Police and Fire covers 10,547 total members, including 4,921 active employees and 5,372 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.

FY2024 source-reconciled actuarial data · Public Plans Database

Dallas Police and Fire

Everything the Public Plans Database tracks for Dallas Police and Fire: funded ratio, unfunded liability, membership, and 23 years of financial history, compiled by Boston College CRR and checked against actuarial valuations.

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By PlainPension · July 2026 · Texas · Police & Fire Plan · Data through FY2024

Actuarial funded ratio: 32.2%
Health grade: BReported funded ratio above the portfolio average range
Actuarial assets: $1.89B
Members: 10,547

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Dallas Police and Fire is one of 197 public pension plans tracked nationwide. The plan card reports source-reconciled actuarial figures through FY2024; the multi-year table includes only years whose reported ratio ties to its actuarial dollars. This site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

Sliding funded-ratio path

Dallas Police and Fire lost 52.3 points from FY2001 (84.5%) to FY2024 (32.2%) on the reconciled series.

Dallas Police and Fire on a sliding funded path

According to the Public Plans Database, Dallas Police and Fire lost 52.3 points on the reconciled series from FY2001 to FY2024, and now reports 32.2% (grade B).

32.2%
Funded · #55 of 192: B
Health grade: $3.98B
Actuarial unfunded liability: -52.3pp
FY2001→FY2024

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Actuarial Unfunded Liability

$3.98B

Above-median unfunded liability · source-reported UAAL

Total Members

10,547

active + retired + vested

1-Year Return

7.6%

Above assumed rate · net investment return

-0.9pp vs 5-yr avg

5-Year Avg Return

8.5%

Above assumed rate · annualized, net of fees

Composite Health Score

15/100

Dallas Police and Fire

Transparent derived index from public pension-plan filings, not an official rating. A 4-dimension composite (funded ratio, contribution discipline, 5-year investment return, unfunded burden), each scored against this dataset's own percentile distribution across 197 reporting plans. Not the same as the plan's headline funded-ratio grade above. See the exact dimensions, weights, and formula.

Funded Ratio F

32.2%

Actuarial assets as a share of liabilities

Contribution Discipline F

68.3%

Share of the actuarially required contribution actually paid

Investment Returns C

8.5%

5-year annualized investment return

Unfunded Burden F

66.2%

Unfunded liability as a share of total obligations

How this score is calculated (benchmark table)

Dimension	P10	P25	P50	P75	P90	Weight
Funded ratio (higher = better)	57.6%	67.2%	75.0%	87.0%	97.6%	0.35
Contribution discipline (ARC) (higher = better)	88.4%	100.0%	100.0%	104.1%	122.1%	0.25
5yr investment return (higher = better)	6.4%	7.5%	8.3%	9.1%	9.9%	0.20
Unfunded burden (lower = better)	2.0%	12.7%	25.0%	33.1%	42.4%	0.20

Percentiles computed across all 197 plans in this database with a reported value for that metric (2026-09-09). A dimension a plan does not report drops out of its composite, and that weight redistributes across the dimensions it does report, so thin reporting never silently lowers a score relative to a fully-reported peer.

Participant Composition

Investment Policy Mix

What changed, FY2023 to FY2024

0.2 pts funded ratio

Dallas Police and Fire's funded ratio was effectively unchanged from FY2023 to FY2024, moving 0.2 points, with assets and accrued liability growing at a similar pace.

Funded ratio

32.0% → 32.2%

Actuarial assets

$1.83B → $1.89B (+3.3%)

Accrued liability

$5.72B → $5.87B (+2.7%)

Where the 0.2-point move came from

Assets: +1.1 pts
Accrued liability: -0.9 pts

Accrued liability is the source-reported value for benefits already promised. The two contributions are the move the ratio would have made on the prior year’s liability (assets) and the remainder (liability); they sum to the total by construction. Both years shown provide source-reconciled actuarial assets and liability, so neither figure rests on a ratio published on its own. Source: Public Plans Database (Boston College CRR / NASRA), loaded July 2026. See our funding-change board for how this plan’s move compares with the rest of the dataset.

Historical Actuarial Funding

Year	Actuarial Ratio	Assets	Liabilities	UAAL	Members	ARC	1yr return
2024	32.2%	$1.89B	$5.87B	$3.98B	N/A	n/a	10.3%
2023	32.0%	$1.83B	$5.72B	$3.89B	10,547	68.3%	7.6%
2022	39.1%	$2.05B	$5.25B	$3.20B	10,396	74.3%	-4.0%
2021	41.1%	$2.12B	$5.16B	$3.04B	10,241	74.8%	27.8%
2020	41.6%	$2.13B	$5.12B	$2.99B	10,137	87.3%	0.9%
2019	45.7%	$2.16B	$4.72B	$2.56B	10,019	102.4%	5.5%
2018	48.1%	$2.16B	$4.49B	$2.33B	9,678	95.1%	7.1%
2017	47.7%	$2.15B	$4.51B	$2.35B	9,300	74.8%	11.8%
2016	49.4%	$2.16B	$4.37B	$2.21B	8,673	45.6%	0.6%
2015	45.1%	$2.68B	$5.95B	$3.27B	8,507	n/a	3.7%
2014	63.8%	$3.70B	$5.79B	$2.10B	8,333	n/a	13.3%
2013	75.6%	$3.88B	$5.13B	$1.25B	8,101	97.0%	10.6%
2012	78.1%	$3.79B	$4.86B	$1.06B	7,939	83.2%	-0.8%
2011	73.9%	$3.38B	$4.57B	$1.19B	7,867	93.1%	17.4%
2010	79.5%	$3.43B	$4.32B	$885M	7,823	97.4%	13.5%
2009	81.8%	$3.38B	$4.13B	$750M	7,821	89.8%	-18.0%
2008	78.4%	$3.04B	$3.88B	$838M	7,554	100.0%	-7.0%
2007	89.4%	$3.26B	$3.64B	$385M	7,201	100.0%	16.8%
2006	87.9%	$2.96B	$3.37B	$409M	7,014	100.0%	8.2%
2005	82.3%	$2.70B	$3.28B	$582M	6,854	100.0%	9.2%

What the Data Says About Dallas Police and Fire

Dallas Police and Fire's funding level falls well short of a sustainable position, 43 points below the 75.5% national average across tracked plans. A 5-year average investment return of 8.5% factors into the plan's overall trajectory.

For Texas taxpayers and plan members, the $3.98B source-reported actuarial unfunded liability is the 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.

Membership

4,921

Active Members

5,372

Retirees

10,547

Total Members

Plan Details

Plan Type: Police & Fire
State: Texas
Market Assets: $2.03B

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

Plans With a Similar Funded Ratio

The closest plans nationwide to Dallas Police and Fire's 84.3% funded ratio.

Showing 5 of 191 plans nationwide with a reported funded ratio.

Other Texas Plans

Houston Municipal 89.4%
Austin Police 80.5%
Texas County & District Retirement System 75.1%
Dallas ERS 75.0%
Texas Employees Retirement System 72.8%

All Texas plans →

Read with this plan

Cite this page

PlainPension, “Dallas Police and Fire: Funded Ratio, Assets, and Actuarial Data.” Compiled from the Public Plans Database (PPD), compiled by the Boston College Center for Retirement Research with MissionSquare Research Institute and NASRA; data as of FY2023 plan card; history through FY2024. https://plainpension.com/plan/dallas-police-and-fire

Formal citation formats (APA / MLA)

APA: PlainPension. (2023). Dallas Police and Fire: Funded Ratio, Assets, and Actuarial Data. Retrieved September 23, 2026, from https://plainpension.com/plan/dallas-police-and-fire

MLA: "Dallas Police and Fire: Funded Ratio, Assets, and Actuarial Data." PlainPension, 2023, https://plainpension.com/plan/dallas-police-and-fire.

You are welcome to quote these figures with attribution to PlainPension and the underlying source. The URL above is stable. See our Terms of Use for what reuse is permitted.

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. Dallas Police and Fire ranks #55 of 192 by funded ratio and #135 of 190 by membership. This information is for informational purposes only and does not constitute professional advice, consult a qualified professional before acting on it. See our editorial standards & corrections policy, the typed corrections pathway, the methodology behind these numbers, or report a data error. Data current as of July 2026.

Compiled by PlainPension · July 23, 2026