Plan

Jacksonville Police and Fire

State

Florida

Funded Ratio

84.0%

Assets

$2.23B

Members

5,242

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

FY2023 data Grade B Public Plans Database

Jacksonville Police and Fire

Funded ratio, unfunded liability, member counts, ARC coverage, and 23-year financial history for Jacksonville Police and Fire — 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 · Police & Fire Plan · Data through FY2023

Financial Health Grade

Adequately funded — meeting most funding benchmarks

Funded Ratio

84.0%

actuarial assets / liabilities

Unfunded Liability

$423M

actuarial shortfall

Total Members

5,242

active + retired + vested

1-Year Return

11.0%

net investment return

4.0pp vs 5-yr avg

5-Year Avg Return

7.0%

annualized, net of fees

ARC Payment

67.2%

of actuarially required contribution

How Jacksonville Police and Fire Funded Ratio Compares

Plan Funded Ratio 84.0%

National avg

A ratio of 84.0% 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	84.0%	N/A	N/A	N/A
2023	128.1%	$2.23B	$-489M	5,242
2022	81.0%	$2.00B	$470M	5,290
2021	79.8%	$2.49B	$631M	5,333
2020	N/A	$2.05B	N/A	5,386
2019	74.8%	$1.96B	$659M	5,428
2018	N/A	$2.01B	N/A	5,476
2017	N/A	$1.89B	N/A	5,417
2016	N/A	$1.61B	N/A	5,257
2015	N/A	$1.44B	N/A	5,108
2014	N/A	$1.47B	N/A	5,038
2013	N/A	$1.05B	N/A	4,875
2012	73.3%	$885M	$322M	4,850
2011	74.2%	$751M	$261M	4,909
2010	73.9%	$783M	$277M	4,824
2009	77.3%	$728M	$214M	4,656
2008	77.4%	$781M	$228M	4,594
2007	94.2%	$950M	$59M	4,511
2006	93.1%	$840M	$62M	4,452
2005	92.4%	$795M	$65M	4,304

What the Data Says About Jacksonville Police and Fire

Jacksonville Police and Fire reports a funded ratio of 84.0% as of fiscal year 2023, earning a financial health grade of B in the Public Plans Database. The plan holds $2.23B in market assets against an unfunded liability of $423M. As a Police & Fire plan operating under Florida sponsorship, it covers 5,242 members (1,732 active contributors, 3,410 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 Police and Fire has substantial assets to meet projected obligations, placing it above the national public-pension average of roughly 72–75%. Employer contributions covered 67.2% 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 $423M 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 Police and Fire 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

1,732

Active Members

3,410

Retirees

5,242

Total Members

Plan Details

Plan Type: Police & Fire
State: Florida
Market Assets: $2.23B
ARC Payment: 67.2%

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

Other Florida Plans

All Florida plans →

Related Resources

Pension Guides

Frequently Asked Questions

Is Jacksonville Police and Fire fully funded?

Jacksonville Police and Fire has a funded ratio of 84.0% 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 Police and Fire runs out of money?

Public pension plans like Jacksonville Police and Fire 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 84.0% mean?

A funded ratio of 84.0% means that Jacksonville Police and Fire currently has assets equal to 84.0% of its projected benefit obligations. The unfunded liability — the gap between assets and liabilities — stands at $423M. This is considered adequately funded.

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

Jacksonville Police and Fire is a Police & Fire plan in Florida serving 5,242 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 72–75%. Jacksonville Police and Fire's funded ratio of 84.0% places it above the national average, reflecting strong fiscal management.

How many members does Jacksonville Police and Fire have?

Jacksonville Police and Fire covers 5,242 total members, including 1,732 active employees and 3,410 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 Police and Fire?

Jacksonville Police and Fire pays 67.2% 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