Is Jacksonville Police and Fire fully funded?

Jacksonville Police and Fire has a source-reconciled actuarial funded ratio of 44.1% as of FY2024, earning a health grade of B. At 100%, reported actuarial assets equal reported accrued liabilities. Plans use different assumptions and valuation methods, so ratios should be read alongside the underlying actuarial valuation.

What happens if Jacksonville Police and Fire runs out of money?

This profile is not a legal or retirement-benefit assessment. For a decision affecting Jacksonville Police and Fire, consult the plan administrator, governing documents, and a qualified professional.

What does a funded ratio of 44.1% mean?

A funded ratio of 44.1% means that Jacksonville Police and Fire reported actuarial assets equal to 44.1% of its accrued liabilities at that valuation date. The source-reported actuarial unfunded liability stands at $3.08B. This level of underfunding typically requires corrective action such as increased contributions or benefit restructuring.

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 75.5%. Jacksonville Police and Fire's source-reconciled actuarial funded ratio of 44.1% places it below the national average, indicating elevated fiscal pressure.

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.

FY2024 source-reconciled actuarial data · Public Plans Database

Jacksonville Police and Fire

Jacksonville Police and Fire's complete funding picture: assets, unfunded liability, member counts, and investment returns over a 23-year span, as reported to the Public Plans Database (Boston College CRR) and cross-referenced with actuarial valuations.

Browse all states → How we grade plans

By PlainPension · July 2026 · Florida · Police & Fire Plan · Data through FY2024

Actuarial funded ratio: 44.1%
Health grade: BReported funded ratio above the portfolio average range
Actuarial assets: $2.43B
Members: 5,242

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Jacksonville Police and Fire 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 Police and Fire ranks #1 of 192 by source-reconciled actuarial funded ratio (44.1%), top-third among tracked public plans.

Jacksonville Police and Fire in the higher-funded third

According to the Public Plans Database, Jacksonville Police and Fire sits in the higher-funded third at 44.1% (grade B, #1 of 192) for FY2024, 31.4 points below the national public-pension average.

44.1%
Funded · #1 of 192: B
Health grade: $3.08B
Actuarial unfunded liability: -41.5pp
FY2001→FY2024

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Actuarial Unfunded Liability

$3.08B

Above-median unfunded liability · source-reported UAAL

Total Members

5,242

active + retired + vested

1-Year Return

14.2%

Strong return year · net investment return

7.3pp vs 5-yr avg

5-Year Avg Return

7.0%

Near assumed rate · annualized, net of fees

Composite Health Score

13/100

Jacksonville Police and Fire

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

44.1%

Actuarial assets as a share of liabilities

Contribution Discipline F

99.9%

Share of the actuarially required contribution actually paid

Investment Returns F

7.0%

5-year annualized investment return

Unfunded Burden F

54.1%

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

0.6 pts funded ratio

Jacksonville Police and Fire's funded ratio fell 0.6 points from FY2023 to FY2024, with assets contributing +2.6 points and the accrued liability contributing -3.3.

Funded ratio

44.7% → 44.1%

Actuarial assets

$2.30B → $2.43B (+5.9%)

Accrued liability

$5.13B → $5.51B (+7.4%)

Where the 0.6-point move came from

Assets: +2.6 pts
Accrued liability: -3.3 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	44.1%	$2.43B	$5.51B	$3.08B	N/A	100.0%	11.0%
2023	44.7%	$2.30B	$5.13B	$2.84B	5,242	99.9%	14.2%
2022	46.0%	$2.26B	$4.92B	$2.66B	5,290	100.0%	-13.4%
2021	48.1%	$2.20B	$4.57B	$2.38B	5,333	90.7%	10.6%
2020	48.0%	$2.04B	$4.25B	$2.21B	5,386	87.9%	12.5%
2019	48.2%	$1.95B	$4.04B	$2.09B	5,428	81.7%	16.5%
2018	48.1%	$1.87B	$3.88B	$2.01B	5,476	85.3%	-4.8%
2017	47.2%	$1.77B	$3.74B	$1.97B	5,417	101.2%	10.9%
2016	43.0%	$1.51B	$3.52B	$2.00B	5,257	100.0%	6.2%
2015	43.1%	$1.35B	$3.14B	$1.79B	5,108	100.2%	-1.7%
2014	46.6%	$1.39B	$2.98B	$1.59B	5,038	104.7%	4.7%
2013	42.7%	$1.23B	$2.88B	$1.65B	4,875	n/a	21.4%
2012	39.0%	$1.08B	$2.76B	$1.68B	4,850	n/a	7.9%
2011	42.8%	$1.04B	$2.43B	$1.39B	4,909	n/a	4.9%
2010	52.4%	$1.06B	$2.02B	$964M	4,824	n/a	5.2%
2009	48.8%	$856M	$1.75B	$898M	4,656	n/a	-3.9%
2008	52.9%	$895M	$1.69B	$798M	4,594	n/a	-2.0%
2007	63.5%	$930M	$1.46B	$534M	4,511	n/a	4.3%
2006	60.1%	$827M	$1.38B	$549M	4,452	n/a	9.5%
2005	58.2%	$765M	$1.31B	$549M	4,304	n/a	6.5%

What the Data Says About Jacksonville Police and Fire

Jacksonville Police and Fire shows a moderate-to-serious funding gap, 31 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 $3.08B 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

1,732

Active Members

3,410

Retirees

5,242

Total Members

Plan Details

Plan Type: Police & Fire
State: Florida
Market Assets: $2.62B

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

Plans With a Similar Funded Ratio

The closest plans nationwide to Jacksonville Police and Fire's 128.1% funded ratio.

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

New York City Educational 108.9%
Denver Employees Retirement Plan 106.9%
Municipal Employees' Retirement System of Michigan 103.4%
Baltimore Fire and Police Employees Retirement System 103.0%
Sacramento County ERS 101.7%

Other Florida Plans

All Florida plans →

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Cite this page

PlainPension, “Jacksonville Police and Fire: 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-police-and-fire

Formal citation formats (APA / MLA)

APA: PlainPension. (2023). Jacksonville Police and Fire: Funded Ratio, Assets, and Actuarial Data. Retrieved September 23, 2026, from https://plainpension.com/plan/jacksonville-police-and-fire

MLA: "Jacksonville Police and Fire: Funded Ratio, Assets, and Actuarial Data." PlainPension, 2023, https://plainpension.com/plan/jacksonville-police-and-fire.

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 Police and Fire ranks #1 of 192 by funded ratio and #157 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