Unfunded Liability
$557M
actuarial shortfall
FY2023 data · Public Plans Database
Hartford Municipal Employee Retirement Fund
The Public Plans Database's 23-year record for Hartford Municipal Employee Retirement Fund: funded ratio, unfunded liability, member counts, and investment returns, compiled by Boston College CRR and cross-checked against actuarial valuations.
By PlainPension · · Connecticut · Municipal Plan · Data through FY2023
- Funded ratio
- 65.9%
- Health grade
- CReported funded ratio below full funding
- Market assets
- $1.08B
- Members
- 5,482
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Hartford Municipal Employee Retirement Fund 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
5,482
active + retired + vested
1-Year Return
12.3%
net investment return
4.5pp vs 5-yr avg
5-Year Avg Return
7.7%
annualized, net of fees
How Hartford Municipal Employee Retirement Fund Funded Ratio Compares
Plan Funded Ratio 65.9%
National avg
A ratio of 65.9% compared against the national public-pension average of 75.5%.
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 their annual CAFR and actuarial valuation. 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 |
|---|---|
| 2024 | 65.9% |
| 2023 | 65.9% |
| 2022 | 66.5% |
| 2021 | 67.2% |
| 2020 | 63.9% |
| 2019 | 61.2% |
| 2018 | 60.8% |
| 2017 | 60.1% |
| 2016 | 56.7% |
| 2015 | 55.4% |
| 2014 | 57.5% |
| 2013 | 56.6% |
| 2012 | 53.5% |
| 2011 | 57.5% |
| 2010 | 60.7% |
| 2009 | 63.2% |
| 2008 | 72.6% |
| 2007 | 77.3% |
| 2006 | 75.3% |
| 2005 | 75.8% |
What the Data Says About Hartford Municipal Employee Retirement Fund
Hartford Municipal Employee Retirement Fund reports a funded ratio of 65.9% as of fiscal year 2023, earning a financial health grade of C in the Public Plans Database. The plan holds $1.08B in market assets against an unfunded liability of $557M. As a Municipal plan operating under Connecticut sponsorship, it covers 5,482 members (2,040 active contributors, 3,175 retirees drawing benefits).
Hartford Municipal Employee Retirement Fund is funded above the midpoint but still carries a real shortfall, 10 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 Connecticut taxpayers and plan members, the $557M 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.
Membership
2,040
Active Members
3,175
Retirees
5,482
Total Members
Plan Details
- Plan Type
- Municipal
- State
- Connecticut
- Market Assets
- $1.08B
Source: Public Plans Database (PPD)
Boston College CRR / NASRA
Boston College CRR / NASRA
Plans With a Similar Funded Ratio
The closest plans nationwide to Hartford Municipal Employee Retirement Fund's 65.9% funded ratio.
- Virginia Retirement System 65.9%
- Connecticut Teachers Retirement Board 66.2%
- Burlington ERS 66.5%
- Wyoming Retirement System 65.2%
- Alabama Teachers 65.1%
Other Connecticut Plans
- Connecticut Municipal 70.8%
- Connecticut State Employees Retirement System 66.7%
- Connecticut Teachers Retirement Board 66.2%
Frequently Asked Questions
Is Hartford Municipal Employee Retirement Fund fully funded?
Hartford Municipal Employee Retirement Fund has a funded ratio of 65.9% as of FY2023, earning a health grade of C. The reported ratio shows actuarial assets divided by actuarial accrued liabilities for the stated fiscal year. Its interpretation depends on the plan's assumptions, valuation date, and contribution history.
What happens if Hartford Municipal Employee Retirement Fund runs out of money?
A public plan's reported ratio is only one part of its financial picture. PlainPension does not predict actions by Hartford Municipal Employee Retirement Fund, Connecticut, or any public body.
What does a funded ratio of 65.9% mean?
A funded ratio of 65.9% means that Hartford Municipal Employee Retirement Fund currently has assets equal to 65.9% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at $557M. This represents a moderate funding gap that requires ongoing monitoring.
How does Hartford Municipal Employee Retirement Fund compare to other public pensions?
Hartford Municipal Employee Retirement Fund is a Municipal plan in Connecticut serving 5,482 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Hartford Municipal Employee Retirement Fund's funded ratio of 65.9% places it near the national average.
How many members does Hartford Municipal Employee Retirement Fund have?
Hartford Municipal Employee Retirement Fund covers 5,482 total members, including 2,040 active employees and 3,175 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.
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.