Albuquerque Municipal Employees Retirement System
public plan · City of Albuquerque · Santa Fe, NM
ACTIVE
D
Pension Health Score
48/100
Funding Status47% Funded
0%80% threshold100%
$2.1B
Total Assets
$4.5B
Total Liabilities
$2.4B
Unfunded Liability
9,016
Participants
Funding History
What This Means for You
Albuquerque Municipal Employees Retirement System is significantly underfunded at 47%, with $2.4B in unfunded liabilities affecting 9,016 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. Public plans cannot declare bankruptcy, but severe underfunding may lead to reduced cost-of-living adjustments or increased employee contributions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $2.1B | $4.5B | 47.2% | $72.1M |
| 2024 | $2.0B | $4.9B | 40.9% | $95.1M |
| 2023 | $2.0B | $4.5B | 43.2% | $89.8M |
| 2022 | $1.9B | $3.9B | 47.6% | $72.7M |
| 2021 | $1.8B | $3.9B | 45.0% | $82.2M |