Is Jacksonville General Employee Pension Plan fully funded?

Jacksonville General Employee Pension Plan has a source-reconciled actuarial funded ratio of 53.7% 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 Jacksonville General Employee Pension Plan 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 53.7% mean?

A funded ratio of 53.7% means that Jacksonville General Employee Pension Plan reported actuarial assets equal to 53.7% of its accrued liabilities at that valuation date. The source-reported actuarial unfunded liability stands at $1.77B. This level of underfunding typically requires corrective action such as increased contributions or benefit restructuring.

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 75.5%. Jacksonville General Employee Pension Plan's source-reconciled actuarial funded ratio of 53.7% places it below the national average, indicating elevated fiscal pressure.

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.

FY2024 source-reconciled actuarial data · Public Plans Database

Jacksonville General Employee Pension Plan

Everything the Public Plans Database tracks for Jacksonville General Employee Pension Plan: 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 · Florida · General State Plan · Data through FY2024

Actuarial funded ratio: 53.7%
Health grade: BReported funded ratio above the portfolio average range
Actuarial assets: $2.05B
Members: 8,267

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Jacksonville General Employee Pension Plan 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.

Higher funded-ratio band

Jacksonville General Employee Pension Plan ranks #12 of 192 by source-reconciled actuarial funded ratio (53.7%), top-third among tracked public plans.

Jacksonville General Employee Pension Plan in the higher-funded third

According to the Public Plans Database, Jacksonville General Employee Pension Plan sits in the higher-funded third at 53.7% (grade B, #12 of 192) for FY2024, 21.8 points below the national public-pension average.

53.7%
Funded · #12 of 192: B
Health grade: $1.77B
Actuarial unfunded liability: -42.8pp
FY2001→FY2024

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Actuarial Unfunded Liability

$1.77B

Above-median unfunded liability · source-reported UAAL

Total Members

8,267

active + retired + vested

1-Year Return

10.8%

Strong return year · net investment return

3.8pp vs 5-yr avg

5-Year Avg Return

7.0%

Above assumed rate · annualized, net of fees

Composite Health Score

14/100

Jacksonville General Employee Pension Plan

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

53.7%

Actuarial assets as a share of liabilities

Contribution Discipline F

99.7%

Share of the actuarially required contribution actually paid

Investment Returns F

7.0%

5-year annualized investment return

Unfunded Burden F

45.2%

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

Jacksonville General Employee Pension Plan'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

53.9% → 53.7%

Actuarial assets

$2.03B → $2.05B (+1.1%)

Accrued liability

$3.77B → $3.82B (+1.5%)

Where the 0.2-point move came from

Assets: +0.6 pts
Accrued liability: -0.8 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	53.7%	$2.05B	$3.82B	$1.77B	N/A	100.4%	9.2%
2023	53.9%	$2.03B	$3.77B	$1.74B	8,267	99.7%	10.8%
2022	56.9%	$2.08B	$3.65B	$1.57B	8,516	100.8%	-12.8%
2021	60.0%	$2.12B	$3.53B	$1.41B	8,791	100.6%	13.2%
2020	60.3%	$2.04B	$3.39B	$1.35B	9,037	101.3%	14.7%
2019	61.1%	$2.01B	$3.29B	$1.28B	9,348	101.6%	21.1%
2018	63.2%	$2.02B	$3.20B	$1.18B	9,595	101.2%	-4.1%
2017	64.4%	$1.95B	$3.03B	$1.08B	9,944	100.2%	18.4%
2016	64.6%	$1.87B	$2.90B	$1.02B	9,960	95.3%	8.7%
2015	66.8%	$1.81B	$2.71B	$900M	9,858	95.0%	0.1%
2014	65.8%	$1.75B	$2.66B	$910M	10,009	87.3%	5.7%
2013	62.3%	$1.57B	$2.51B	$947M	10,113	83.1%	19.4%
2012	62.4%	$1.52B	$2.43B	$916M	10,349	86.8%	13.2%
2011	71.4%	$1.58B	$2.22B	$635M	10,802	100.6%	-1.9%
2010	75.9%	$1.64B	$2.16B	$522M	10,881	105.0%	13.8%
2009	77.0%	$1.59B	$2.07B	$474M	N/A	105.0%	18.8%
2008	83.5%	$1.67B	$2.00B	$331M	9,685	100.4%	-24.8%
2007	89.9%	$1.71B	$1.90B	$192M	9,573	101.0%	8.2%
2006	87.9%	$1.59B	$1.81B	$220M	9,556	100.0%	12.6%
2005	86.7%	$1.57B	$1.81B	$240M	9,416	100.0%	8.6%

What the Data Says About Jacksonville General Employee Pension Plan

Jacksonville General Employee Pension Plan's funded ratio lands close to the middle of the national distribution, 22 points below the 75.5% national average across tracked plans. A 5-year average investment return of 7.0% factors into the plan's overall trajectory.

For Florida taxpayers and plan members, the $1.77B 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

2,792

Active Members

5,341

Retirees

8,267

Total Members

Plan Details

Plan Type: General State
State: Florida
Market Assets: $2.14B

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

Plans With a Similar Funded Ratio

The closest plans nationwide to Jacksonville General Employee Pension Plan's 98.8% funded ratio.

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

Oklahoma Police Pension and Retirement System 98.9%
Milwaukee City ERS 98.6%
Manchester Employees' Contributory Retirement System 98.6%
Oklahoma Teachers Retirement System 98.6%
New York State Teachers Retirement System 98.6%

Other Florida Plans

Jacksonville Police and Fire 128.1%
Florida Retirement System 89.6%
Miami General and Sanitation Employees 73.5%
City of Miami Firefighters and Police Officers Retirement Trust 24.3%

All Florida plans →

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Cite this page

PlainPension, “Jacksonville General Employee Pension Plan: 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/jacksonville-general-employee-pension-plan

Formal citation formats (APA / MLA)

APA: PlainPension. (2023). Jacksonville General Employee Pension Plan: Funded Ratio, Assets, and Actuarial Data. Retrieved September 23, 2026, from https://plainpension.com/plan/jacksonville-general-employee-pension-plan

MLA: "Jacksonville General Employee Pension Plan: Funded Ratio, Assets, and Actuarial Data." PlainPension, 2023, https://plainpension.com/plan/jacksonville-general-employee-pension-plan.

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. Jacksonville General Employee Pension Plan ranks #12 of 192 by funded ratio and #145 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