Allegheny County Employees Retirement Fund
public plan · Allegheny County · Frankfort, KY
ACTIVE
D
Pension Health Score
38/100
Funding Status62% Funded
0%80% threshold100%
$2.4B
Total Assets
$3.8B
Total Liabilities
$1.4B
Unfunded Liability
9,002
Participants
Funding History
What This Means for You
Allegheny County Employees Retirement Fund is significantly underfunded at 62%, with $1.4B in unfunded liabilities affecting 9,002 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 | $2.4B | $3.8B | 62.1% | $124.2M |
| 2024 | $2.2B | $3.8B | 59.0% | $115.6M |
| 2023 | $2.2B | $3.7B | 59.5% | $123.6M |
| 2022 | $2.1B | $3.8B | 55.3% | $137.6M |
| 2021 | $2.0B | $2.8B | 71.5% | $149.8M |