Plan

MoDOT & Patrol Employees' Retirement System

State

Missouri

Funded Ratio

74.4%

Assets

$3.28B

Members

18,464

Health Grade: C — Underfunded — significant gap between assets and liabilities

FY2023 data Grade C Public Plans Database

MoDOT & Patrol Employees' Retirement System

Funded ratio, unfunded liability, member counts, ARC coverage, and 23-year financial history for MoDOT & Patrol Employees' Retirement System — sourced from the Public Plans Database (Boston College CRR) and cross-checked against actuarial valuations.

Browse all states → How we grade plans

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

Financial Health Grade

Underfunded — significant gap between assets and liabilities

Funded Ratio

74.4%

actuarial assets / liabilities

Unfunded Liability

$1.13B

actuarial shortfall

Total Members

18,464

active + retired + vested

1-Year Return

15.5%

net investment return

5.2pp vs 5-yr avg

5-Year Avg Return

10.3%

annualized, net of fees

ARC Payment

18.1%

of actuarially required contribution

How MoDOT & Patrol Employees' Retirement System Funded Ratio Compares

Plan Funded Ratio 74.4%

National avg

A ratio of 74.4% 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	74.4%	N/A	N/A	N/A
2023	71.6%	$3.28B	$1.30B	18,464
2022	69.6%	$3.07B	$1.34B	18,547
2021	69.1%	$3.00B	$1.34B	18,587
2020	65.6%	$2.36B	$1.24B	18,631
2019	65.4%	$2.42B	$1.28B	18,498
2018	65.8%	$2.31B	$1.20B	18,287
2017	66.5%	$2.17B	$1.09B	18,611
2016	64.3%	$1.99B	$1.11B	18,459
2015	64.2%	$2.01B	$1.12B	18,234
2014	61.6%	$1.96B	$1.22B	18,003
2013	60.3%	$1.69B	$1.11B	17,761
2012	60.3%	$1.54B	$1.01B	17,538
2011	65.5%	$1.56B	$819M	17,852
2010	72.6%	$1.31B	$495M	17,850
2009	78.0%	$1.22B	$344M	17,987
2008	82.8%	$1.72B	$357M	17,611
2007	86.2%	$1.83B	$292M	17,390
2006	85.1%	$1.60B	$280M	17,495
2005	79.8%	$1.44B	$365M	17,379

What the Data Says About MoDOT & Patrol Employees' Retirement System

MoDOT & Patrol Employees' Retirement System reports a funded ratio of 74.4% as of fiscal year 2023, earning a financial health grade of C in the Public Plans Database. The plan holds $3.28B in market assets against an unfunded liability of $1.13B. As a General State plan operating under Missouri sponsorship, it covers 18,464 members (6,621 active contributors, 9,604 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 in the 60–80% range indicates moderate underfunding that falls near the national average of 72–75% but leaves the plan exposed to market downturns and demographic shifts. Employer contributions covered 18.1% of the Annual Required Contribution in the most recent reporting cycle, while the plan posted a 5-year average investment return of 10.3%. The relationship between contribution adequacy and investment performance determines whether the unfunded liability narrows or expands year over year.

For Missouri taxpayers and plan members, the $1.13B 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 MoDOT & Patrol Employees' Retirement System rely on the full faith and credit of Missouri — 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

6,621

Active Members

9,604

Retirees

18,464

Total Members

Plan Details

Plan Type: General State
State: Missouri
Market Assets: $3.28B
ARC Payment: 18.1%

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

Other Missouri Plans

Kansas City Police 98.6%
Missouri State Employees Retirement System 97.2%
St. Louis Police 95.5%
Missouri Public School and Education Employees Retirement Systems 86.7%
St. Louis Firemen 86.2%

All Missouri plans →

Related Resources

Pension Guides

Frequently Asked Questions

Is MoDOT & Patrol Employees' Retirement System fully funded?

MoDOT & Patrol Employees' Retirement System has a funded ratio of 74.4% as of FY2023, earning a health grade of C. 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 MoDOT & Patrol Employees' Retirement System runs out of money?

Public pension plans like MoDOT & Patrol Employees' Retirement System are backed by the sponsoring government entity — in this case Missouri. 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 74.4% mean?

A funded ratio of 74.4% means that MoDOT & Patrol Employees' Retirement System currently has assets equal to 74.4% of its projected benefit obligations. The unfunded liability — the gap between assets and liabilities — stands at $1.13B. This represents a moderate funding gap that requires ongoing monitoring.

How does MoDOT & Patrol Employees' Retirement System compare to other public pensions?

MoDOT & Patrol Employees' Retirement System is a General State plan in Missouri serving 18,464 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 72–75%. MoDOT & Patrol Employees' Retirement System's funded ratio of 74.4% places it near the national average.

How many members does MoDOT & Patrol Employees' Retirement System have?

MoDOT & Patrol Employees' Retirement System covers 18,464 total members, including 6,621 active employees and 9,604 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 MoDOT & Patrol Employees' Retirement System?

MoDOT & Patrol Employees' Retirement System pays 18.1% 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.

Browse all → | Rankings →

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