Is Fairfax County Uniformed fully funded?

Fairfax County Uniformed has a source-reconciled actuarial funded ratio of 76.4% 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 Fairfax County Uniformed 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 76.4% mean?

A funded ratio of 76.4% means that Fairfax County Uniformed reported actuarial assets equal to 76.4% of its accrued liabilities at that valuation date. The source-reported actuarial unfunded liability stands at $684M. This represents a moderate funding gap that requires ongoing monitoring.

How does Fairfax County Uniformed compare to other public pensions?

Fairfax County Uniformed is a Municipal plan in Virginia serving 3,776 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Fairfax County Uniformed's source-reconciled actuarial funded ratio of 76.4% places it near the national average.

How many members does Fairfax County Uniformed have?

Fairfax County Uniformed covers 3,776 total members, including 1,851 active employees and 1,794 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

Fairfax County Uniformed

Everything the Public Plans Database tracks for Fairfax County Uniformed: 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 · Virginia · Municipal Plan · Data through FY2024

Actuarial funded ratio: 76.4%
Health grade: BReported funded ratio above the portfolio average range
Actuarial assets: $2.21B
Members: 3,776

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Fairfax County Uniformed 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

Fairfax County Uniformed lost 18.9 points from FY2002 (95.3%) to FY2024 (76.4%) on the reconciled series.

Fairfax County Uniformed on a sliding funded path

According to the Public Plans Database, Fairfax County Uniformed lost 18.9 points on the reconciled series from FY2002 to FY2024, and now reports 76.4% (grade B).

76.4%
Funded · #49 of 192: B
Health grade: $684M
Actuarial unfunded liability: -18.9pp
FY2002→FY2024

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Actuarial Unfunded Liability

$684M

Below-median unfunded liability · source-reported UAAL

Total Members

3,776

active + retired + vested

1-Year Return

10.8%

Strong return year · net investment return

3.9pp vs 5-yr avg

5-Year Avg Return

6.9%

Near assumed rate · annualized, net of fees

Composite Health Score

39/100

Fairfax County Uniformed

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 C-

76.4%

Actuarial assets as a share of liabilities

Contribution Discipline F

100.0%

Share of the actuarially required contribution actually paid

Investment Returns F

6.9%

5-year annualized investment return

Unfunded Burden C-

23.8%

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

1.3 pts funded ratio

Fairfax County Uniformed's funded ratio fell 1.3 points from FY2023 to FY2024, with assets contributing +3.0 points and the accrued liability contributing -4.3.

Funded ratio

77.7% → 76.4%

Actuarial assets

$2.13B → $2.21B (+3.9%)

Accrued liability

$2.74B → $2.89B (+5.7%)

Where the 1.3-point move came from

Assets: +3.0 pts
Accrued liability: -4.3 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	76.4%	$2.21B	$2.89B	$684M	N/A	100.0%	8.6%
2023	77.7%	$2.13B	$2.74B	$611M	3,776	100.0%	10.8%
2022	78.2%	$2.08B	$2.66B	$582M	3,711	100.0%	-10.1%
2021	84.7%	$2.07B	$2.44B	$373M	3,652	100.0%	14.3%
2020	82.7%	$1.90B	$2.29B	$398M	3,629	100.0%	10.9%
2019	84.2%	$1.86B	$2.21B	$350M	3,567	100.0%	16.5%
2018	83.7%	$1.78B	$2.13B	$348M	3,528	100.0%	-3.0%
2017	82.8%	$1.68B	$2.03B	$350M	3,475	100.0%	15.0%
2016	82.5%	$1.60B	$1.94B	$339M	3,388	100.0%	7.1%
2015	84.0%	$1.55B	$1.84B	$294M	3,303	100.0%	1.1%
2014	81.7%	$1.47B	$1.79B	$328M	3,186	100.0%	6.4%
2013	79.1%	$1.33B	$1.68B	$350M	3,190	86.3%	13.5%
2012	77.3%	$1.25B	$1.61B	$366M	3,142	87.9%	12.8%
2011	77.7%	$1.19B	$1.53B	$341M	3,089	86.1%	2.1%
2010	76.7%	$1.10B	$1.43B	$333M	3,050	86.2%	10.9%
2009	79.5%	$1.07B	$1.35B	$277M	3,058	86.0%	12.8%
2008	85.4%	$1.10B	$1.29B	$188M	2,940	83.4%	-21.5%
2007	85.2%	$1.03B	$1.21B	$178M	2,851	84.8%	8.3%
2006	83.6%	$921M	$1.10B	$181M	2,756	83.2%	12.5%
2005	85.3%	$831M	$974M	$143M	2,530	84.1%	9.7%

What the Data Says About Fairfax County Uniformed

Fairfax County Uniformed shows a comfortably above-average funding position, 1 points above the 75.5% national average across tracked plans. A 5-year average investment return of 6.9% factors into the plan's overall trajectory.

For Virginia taxpayers and plan members, the $684M 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

1,851

Active Members

1,794

Retirees

3,776

Total Members

Plan Details

Plan Type: Municipal
State: Virginia
Market Assets: $2.19B

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

Plans With a Similar Funded Ratio

The closest plans nationwide to Fairfax County Uniformed's 86.6% funded ratio.

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

St. Louis Firemen 86.2%
Seattle Employees Retirement System 87.0%
New Jersey Division of Pension and Benefits 85.9%
Nevada Public Employees Retirement System 87.3%
Oklahoma Public Employees Retirement System 85.5%

Other Virginia Plans

All Virginia plans →

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Cite this page

PlainPension, “Fairfax County Uniformed: 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/fairfax-county-uniformed

Formal citation formats (APA / MLA)

APA: PlainPension. (2023). Fairfax County Uniformed: Funded Ratio, Assets, and Actuarial Data. Retrieved September 23, 2026, from https://plainpension.com/plan/fairfax-county-uniformed

MLA: "Fairfax County Uniformed: Funded Ratio, Assets, and Actuarial Data." PlainPension, 2023, https://plainpension.com/plan/fairfax-county-uniformed.

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. Fairfax County Uniformed ranks #49 of 192 by funded ratio and #162 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