Birmingham Fire & Rescue Pension Fund
public plan · City of Birmingham · Birmingham, AL
Funding History
What This Means for You
Birmingham Fire & Rescue Pension Fund is in good financial health at 70% funded. This means for every dollar the plan owes in future benefits, it has 70 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $206.3M | $293.0M | 70.4% | $5.7M |
| 2024 | $205.0M | $283.5M | 72.3% | $7.1M |
| 2023 | $187.5M | $244.4M | 76.7% | $6.7M |
| 2022 | $189.0M | $255.1M | 74.1% | $5.9M |
| 2021 | $179.6M | $268.4M | 66.9% | $7.6M |
Frequently Asked Questions
Birmingham Fire & Rescue Pension Fund is 70% funded, meaning it has 70 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Birmingham Fire & Rescue Pension Fund has 5,750 total participants, including 2,848 active employees and 2,902 retirees currently receiving benefits.
Birmingham Fire & Rescue Pension Fund is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.