Unfunded Liability
N/A
actuarial shortfall
FY2023 data · Public Plans Database
Pittsburgh Fire
Funded ratio, unfunded liability, member counts, and 23-year financial history for Pittsburgh Fire, sourced from the Public Plans Database (Boston College CRR) and cross-checked against actuarial valuations.
By PlainPension · · Pennsylvania · Police & Fire Plan · Data through FY2023
- Funded ratio
- 94.9%
- Health grade
- BReported funded ratio above the portfolio average range
- Market assets
- N/A
- Members
- N/A
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Pittsburgh Fire 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
N/A
active + retired + vested
1-Year Return
9.1%
net investment return
1.2pp vs 5-yr avg
5-Year Avg Return
8.0%
annualized, net of fees
How Pittsburgh Fire Funded Ratio Compares
Plan Funded Ratio 94.9%
National avg
A ratio of 94.9% compared against the national public-pension average of 75.5%.
Healthy Threshold
Plans above 80% are generally considered adequately funded by NASRA standards.
Historical Funded Ratio
| Year | Funded Ratio |
|---|---|
| 2024 | 94.3% |
| 2023 | 94.9% |
| 2022 | 97.1% |
| 2021 | 93.8% |
| 2020 | 88.9% |
| 2019 | 88.9% |
| 2018 | 91.1% |
| 2017 | 90.1% |
| 2016 | 90.3% |
| 2015 | 88.9% |
| 2014 | 82.5% |
| 2013 | 79.9% |
| 2012 | 77.9% |
| 2011 | 77.3% |
| 2010 | 76.9% |
| 2009 | 79.2% |
| 2008 | 88.4% |
| 2007 | 88.9% |
| 2006 | 90.2% |
| 2005 | 90.4% |
What the Data Says About Pittsburgh Fire
Pittsburgh Fire reports a funded ratio of 94.9% as of fiscal year 2023, earning a financial health grade of B in the Public Plans Database. The plan holds N/A in market assets against an unfunded liability of N/A. As a Police & Fire plan operating under Pennsylvania sponsorship, it covers an undisclosed member base.
Pittsburgh Fire is one of the more fully funded plans in the Public Plans Database, 19 points above the 75.5% national average across tracked plans. A 5-year average investment return of 8.0% factors into the plan's overall trajectory.
For Pennsylvania 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.
Plan Details
- Plan Type
- Police & Fire
- State
- Pennsylvania
Source: Public Plans Database (PPD)
Boston College CRR / NASRA
Boston College CRR / NASRA
Plans With a Similar Funded Ratio
The closest plans nationwide to Pittsburgh Fire's 94.9% funded ratio.
Other Pennsylvania Plans
- Pennsylvania Public School Employees Retirement System 88.3%
- Philadelphia Municipal Retirement System 78.5%
- Pennsylvania Municipal Retirement System 73.0%
- Pittsburgh Municipal 68.7%
- Pennsylvania State Employees Retirement System 66.9%
Frequently Asked Questions
Is Pittsburgh Fire fully funded?
Pittsburgh Fire has a funded ratio of 94.9% as of FY2023, earning a health grade of B. 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 Pittsburgh Fire runs out of money?
Pittsburgh Fire is a public plan in Pennsylvania. 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 94.9% mean?
A funded ratio of 94.9% means that Pittsburgh Fire currently has assets equal to 94.9% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at N/A. This is considered adequately funded.
How does Pittsburgh Fire compare to other public pensions?
Pittsburgh Fire is a Police & Fire plan in Pennsylvania. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Pittsburgh Fire's funded ratio of 94.9% places it above the national average, reflecting strong fiscal management.
How many members does Pittsburgh Fire have?
Pittsburgh Fire covers an undisclosed number of members. 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.