Chesapeake Municipal Employees Retirement System
public plan · City of Chesapeake · Virginia Beach, VA
ACTIVE
B
Pension Health Score
77/100
Funding Status72% Funded
0%80% threshold100%
$5.0B
Total Assets
$6.9B
Total Liabilities
$1.9B
Unfunded Liability
10,633
Participants
Funding History
What This Means for You
Chesapeake Municipal Employees Retirement System is in good financial health at 72% funded. This means for every dollar the plan owes in future benefits, it has 72 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 | $5.0B | $6.9B | 72.0% | $225.2M |
| 2024 | $4.8B | $6.3B | 76.3% | $207.8M |
| 2023 | $4.7B | $6.7B | 70.6% | $191.2M |
| 2022 | $4.5B | $6.1B | 74.8% | $170.6M |
| 2021 | $4.1B | $6.6B | 63.1% | $235.9M |