Unfunded Liability
$126M
actuarial shortfall
FY2023 data · Public Plans Database
Marion County Law Enforcement
Funded ratio, unfunded liability, member counts, and 23-year financial history for Marion County Law Enforcement, sourced from the Public Plans Database (Boston College CRR) and cross-checked against actuarial valuations.
By PlainPension · · Indiana · Police & Fire Plan · Data through FY2023
- Funded ratio
- 64.3%
- Health grade
- CReported funded ratio below full funding
- Market assets
- $227M
- Members
- 532
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Marion County Law Enforcement 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
532
active + retired + vested
1-Year Return
11.7%
net investment return
5.1pp vs 5-yr avg
5-Year Avg Return
6.6%
annualized, net of fees
How Marion County Law Enforcement Funded Ratio Compares
Plan Funded Ratio 64.3%
National avg
A ratio of 64.3% 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 | 62.8% |
| 2023 | 64.3% |
| 2022 | 63.1% |
| 2021 | 61.6% |
| 2020 | 62.6% |
| 2019 | 62.9% |
| 2018 | 63.9% |
| 2017 | 65.2% |
| 2016 | N/A |
| 2015 | 73.0% |
| 2014 | 74.1% |
| 2013 | 72.6% |
| 2012 | 72.6% |
| 2011 | 73.2% |
| 2010 | 73.5% |
| 2009 | 75.3% |
| 2008 | 85.3% |
| 2007 | 89.0% |
| 2006 | 79.4% |
| 2005 | 78.7% |
What the Data Says About Marion County Law Enforcement
Marion County Law Enforcement reports a funded ratio of 64.3% as of fiscal year 2023, earning a financial health grade of C in the Public Plans Database. The plan holds $227M in market assets against an unfunded liability of $126M. As a Police & Fire plan operating under Indiana sponsorship, it covers 532 members (158 active contributors, 371 retirees drawing benefits).
Marion County Law Enforcement is funded above the midpoint but still carries a real shortfall, 11 points below the 75.5% national average across tracked plans. A 5-year average investment return of 6.6% factors into the plan's overall trajectory.
For Indiana taxpayers and plan members, the $126M 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
158
Active Members
371
Retirees
532
Total Members
Plan Details
- Plan Type
- Police & Fire
- State
- Indiana
- Market Assets
- $227M
Source: Public Plans Database (PPD)
Boston College CRR / NASRA
Boston College CRR / NASRA
Plans With a Similar Funded Ratio
The closest plans nationwide to Marion County Law Enforcement's 64.3% funded ratio.
- Texas Municipal Retirement System 63.7%
- Alabama Teachers 65.1%
- Alabama ERS 63.4%
- Wyoming Retirement System 65.2%
- Ohio State Teachers Retirement System 62.9%
Frequently Asked Questions
Is Marion County Law Enforcement fully funded?
Marion County Law Enforcement has a funded ratio of 64.3% as of FY2023, earning a health grade of C. A funded ratio compares actuarial assets with actuarial accrued liabilities at a reporting date. A value of 100% means those two reported values are equal; it does not forecast benefits, taxes, or investment performance.
What happens if Marion County Law Enforcement runs out of money?
Marion County Law Enforcement is a public plan in Indiana. PlainPension reports the source data and does not determine a plan's legal protections, contribution policy, or future benefit decisions.
What does a funded ratio of 64.3% mean?
A funded ratio of 64.3% means that Marion County Law Enforcement currently has assets equal to 64.3% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at $126M. This represents a moderate funding gap that requires ongoing monitoring.
How does Marion County Law Enforcement compare to other public pensions?
Marion County Law Enforcement is a Police & Fire plan in Indiana serving 532 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Marion County Law Enforcement's funded ratio of 64.3% places it below the national average, indicating elevated fiscal pressure.
How many members does Marion County Law Enforcement have?
Marion County Law Enforcement covers 532 total members, including 158 active employees and 371 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.