FY2023 data · Public Plans Database

New Castle County Pension Program

Everything the Public Plans Database tracks for New Castle County Pension Program: 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 · · Delaware · Municipal Plan · Data through FY2023

Funded Ratio: 0.0% (Critical) New Castle County Pension Program funded ratio compared to national public pension benchmark. FUNDED RATIO 0.0% Critical Nat'l avg 75.49869791666667% 0% 60 70 80 100% Healthy > 80% · At-risk 70-80% · Critical < 60%
New Castle County Pension Program funded ratio is 0.0 percent, classified as Critical. National public-pension benchmark is 75.49869791666667 percent.
Funded ratio
N/A
Health grade
FLowest reported funded-ratio band in this dataset
Market assets
$511M
Members
2,597

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, New Castle County Pension Program is one of 197 public pension plans tracked nationwide. The plan card reports FY2023 valuation figures; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

Unfunded Liability

N/A

actuarial shortfall

Total Members

2,597

active + retired + vested

Participant Composition

Participants: 1.0K active, 1.5K retired, 0 separated Plan participant breakdown showing active workers, retirees, and separated-vested members. PARTICIPANT MIX 2.6K total members 40% 56% Active 1.0K Retired 1.5K Separated 0 Active-to-Retiree 0.72 · Mature / At Risk
Plan participant breakdown: 1.0K active workers, 1.5K retirees, 0 separated-vested members. Sustainability rating: Mature / At Risk.

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

Asset Allocation: 55% equity, 25% fixed income, 17% alternatives New Castle County Pension Program investment policy mix as reported in its CAFR and actuarial valuation. ASSET ALLOCATION $511M market assets · CAFR / actuarial valuation 55% 25% 17% Equity 55.0% Fixed Inc. 25.0% Alternatives 17.0% Cash 3.0% Investment Stance: Growth-Tilted · Equity + Alts 72%
New Castle County Pension Program asset allocation: 55% equity, 25% fixed income, 17% alternatives, 3% cash. Investment stance: Growth-Tilted.

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
2023 N/A
2022 N/A
2021 N/A
2020 N/A
2019 N/A
2018 N/A
2017 N/A
2016 N/A
2015 N/A
2014 N/A
2013 N/A
2012 N/A
2011 N/A
2010 N/A
2009 N/A
2008 N/A
2007 N/A
2006 N/A
2005 N/A
2004 N/A

What the Data Says About New Castle County Pension Program

New Castle County Pension Program reports a funded ratio of N/A as of fiscal year 2023, earning a financial health grade of F in the Public Plans Database. The plan holds $511M in market assets against an unfunded liability of N/A. As a Municipal plan operating under Delaware sponsorship, it covers 2,597 members (1,047 active contributors, 1,452 retirees drawing benefits).

New Castle County Pension Program's funded ratio lands close to the middle of the national distribution.

For Delaware taxpayers and plan members, the N/A 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

1,047
Active Members
1,452
Retirees
2,597
Total Members

Plan Details

Plan Type
Municipal
State
Delaware
Market Assets
$511M
Source: Public Plans Database (PPD)
Boston College CRR / NASRA

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Pension Guides

Frequently Asked Questions

Is New Castle County Pension Program fully funded?

New Castle County Pension Program has a funded ratio of N/A as of FY2023, earning a health grade of F. 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 New Castle County Pension Program 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 N/A mean?

A funded ratio of N/A means that New Castle County Pension Program currently has assets equal to N/A of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at N/A. This level of underfunding typically requires corrective action such as increased contributions or benefit restructuring.

How does New Castle County Pension Program compare to other public pensions?

New Castle County Pension Program is a Municipal plan in Delaware serving 2,597 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. New Castle County Pension Program's funded ratio of N/A places it below the national average, indicating elevated fiscal pressure.

How many members does New Castle County Pension Program have?

New Castle County Pension Program covers 2,597 total members, including 1,047 active employees and 1,452 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.

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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 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.