Unfunded Liability
N/A
actuarial shortfall
FY2023 data · Public Plans Database
Pittsburgh Municipal
Everything the Public Plans Database tracks for Pittsburgh Municipal: funded ratio, unfunded liability, membership, and 23 years of financial history, compiled by Boston College CRR and checked against actuarial valuations.
By PlainPension · · Pennsylvania · Municipal Plan · Data through FY2023
- Funded ratio
- 68.7%
- Health grade
- CReported funded ratio below full funding
- Market assets
- N/A
- Members
- N/A
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Pittsburgh Municipal 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.
Total Members
N/A
active + retired + vested
1-Year Return
9.0%
net investment return
1.9pp vs 5-yr avg
5-Year Avg Return
7.1%
annualized, net of fees
How Pittsburgh Municipal Funded Ratio Compares
Plan Funded Ratio 68.7%
National avg
A ratio of 68.7% 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 |
|---|---|
| 2023 | N/A |
| 2022 | N/A |
| 2021 | N/A |
| 2020 | 68.7% |
| 2019 | 70.9% |
| 2018 | 72.5% |
| 2017 | 73.4% |
| 2016 | 75.5% |
| 2015 | 75.3% |
| 2014 | 74.8% |
| 2013 | 73.0% |
| 2012 | 74.3% |
| 2011 | 77.0% |
| 2010 | 82.0% |
| 2009 | 84.1% |
| 2008 | 90.7% |
| 2007 | 94.3% |
| 2006 | 94.9% |
| 2005 | 93.5% |
| 2004 | 95.6% |
What the Data Says About Pittsburgh Municipal
Pittsburgh Municipal reports a funded ratio of 68.7% as of fiscal year 2023, earning a financial health grade of C in the Public Plans Database. The plan holds N/A in market assets against an unfunded liability of N/A. As a Municipal plan operating under Pennsylvania sponsorship, it covers an undisclosed member base.
Pittsburgh Municipal is funded above the midpoint but still carries a real shortfall, 7 points below the 75.5% national average across tracked plans. A 5-year average investment return of 7.1% 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
- Municipal
- 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 Municipal's 68.7% funded ratio.
Other Pennsylvania Plans
- Pittsburgh Fire 94.9%
- Pennsylvania Public School Employees Retirement System 88.3%
- Philadelphia Municipal Retirement System 78.5%
- Pennsylvania Municipal Retirement System 73.0%
- Pennsylvania State Employees Retirement System 66.9%
Frequently Asked Questions
Is Pittsburgh Municipal fully funded?
Pittsburgh Municipal has a funded ratio of 68.7% as of FY2023, earning a health grade of C. 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 Pittsburgh Municipal 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 68.7% mean?
A funded ratio of 68.7% means that Pittsburgh Municipal currently has assets equal to 68.7% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at N/A. This represents a moderate funding gap that requires ongoing monitoring.
How does Pittsburgh Municipal compare to other public pensions?
Pittsburgh Municipal is a Municipal plan in Pennsylvania. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. Pittsburgh Municipal's funded ratio of 68.7% places it near the national average.
How many members does Pittsburgh Municipal have?
Pittsburgh Municipal 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.