Plan

Jacksonville General Employee Pension Plan

State

Florida

Funded Ratio

98.8%

Assets

$1.94B

Members

8,267

Health Grade: B — Adequately funded — meeting most funding benchmarks

FY2023 data Grade B Public Plans Database

Jacksonville General Employee Pension Plan

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

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

Financial Health Grade

Adequately funded — meeting most funding benchmarks

Funded Ratio

98.8%

actuarial assets / liabilities

Unfunded Liability

$23M

actuarial shortfall

Total Members

8,267

active + retired + vested

1-Year Return

9.2%

net investment return

2.2pp vs 5-yr avg

5-Year Avg Return

7.0%

annualized, net of fees

ARC Payment

17.7%

of actuarially required contribution

How Jacksonville General Employee Pension Plan Funded Ratio Compares

Plan Funded Ratio 98.8%

National avg

A ratio of 98.8% 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	N/A	N/A	N/A	N/A
2023	98.8%	$1.94B	$23M	8,267
2022	98.6%	$1.83B	$27M	8,516
2021	100.2%	$2.30B	$-6M	8,791
2020	99.9%	$2.01B	$3M	9,037
2019	101.2%	$1.99B	$-23M	9,348
2018	100.3%	$2.09B	$-7M	9,595
2017	100.1%	$2.02B	$-3M	9,944
2016	97.8%	$1.83B	$41M	9,960
2015	100.1%	$1.74B	$-2M	9,858
2014	100.7%	$1.85B	$-13M	10,009
2013	98.4%	$1.73B	$28M	10,113
2012	99.1%	$1.56B	$14M	10,349
2011	103.8%	$1.39B	$-51M	10,802
2010	102.4%	$1.46B	$-34M	10,881
2009	103.8%	$1.37B	$-50M	N/A
2008	106.1%	$1.44B	$-83M	9,685
2007	105.9%	$1.85B	$-103M	9,573
2006	104.2%	$1.69B	$-68M	9,556
2005	N/A	$1.63B	N/A	9,416

What the Data Says About Jacksonville General Employee Pension Plan

Jacksonville General Employee Pension Plan reports a funded ratio of 98.8% as of fiscal year 2023, earning a financial health grade of B in the Public Plans Database. The plan holds $1.94B in market assets against an unfunded liability of $23M. As a General State plan operating under Florida sponsorship, it covers 8,267 members (2,792 active contributors, 5,341 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 above 80% signals that Jacksonville General Employee Pension Plan has substantial assets to meet projected obligations, placing it above the national public-pension average of roughly 72–75%. Employer contributions covered 17.7% of the Annual Required Contribution in the most recent reporting cycle, while the plan posted a 5-year average investment return of 7.0%. The relationship between contribution adequacy and investment performance determines whether the unfunded liability narrows or expands year over year.

For Florida taxpayers and plan members, the $23M 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 Jacksonville General Employee Pension Plan rely on the full faith and credit of Florida — 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

2,792

Active Members

5,341

Retirees

8,267

Total Members

Plan Details

Plan Type: General State
State: Florida
Market Assets: $1.94B
ARC Payment: 17.7%

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

Other Florida Plans

All Florida plans →

Related Resources

Pension Guides

Frequently Asked Questions

Is Jacksonville General Employee Pension Plan fully funded?

Jacksonville General Employee Pension Plan has a funded ratio of 98.8% as of FY2023, earning a health grade of B. 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 Jacksonville General Employee Pension Plan runs out of money?

Public pension plans like Jacksonville General Employee Pension Plan are backed by the sponsoring government entity — in this case Florida. 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 98.8% mean?

A funded ratio of 98.8% means that Jacksonville General Employee Pension Plan currently has assets equal to 98.8% of its projected benefit obligations. The unfunded liability — the gap between assets and liabilities — stands at $23M. This is considered adequately funded.

How does Jacksonville General Employee Pension Plan compare to other public pensions?

Jacksonville General Employee Pension Plan is a General State plan in Florida serving 8,267 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 72–75%. Jacksonville General Employee Pension Plan's funded ratio of 98.8% places it above the national average, reflecting strong fiscal management.

How many members does Jacksonville General Employee Pension Plan have?

Jacksonville General Employee Pension Plan covers 8,267 total members, including 2,792 active employees and 5,341 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 Jacksonville General Employee Pension Plan?

Jacksonville General Employee Pension Plan pays 17.7% 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.

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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