Chesapeake Police Pension Fund
public plan · City of Chesapeake · Richmond, VA
ACTIVE
A
Pension Health Score
91/100
Funding Status81% Funded
0%80% threshold100%
$410.0M
Total Assets
$503.9M
Total Liabilities
$93.9M
Unfunded Liability
13,318
Participants
Funding History
What This Means for You
Chesapeake Police Pension Fund is in excellent financial health at 81% funded. This means for every dollar the plan owes in future benefits, it has 81 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 | $410.0M | $503.9M | 81.4% | $14.6M |
| 2024 | $399.1M | $499.4M | 79.9% | $17.1M |
| 2023 | $390.5M | $529.1M | 73.8% | $15.5M |
| 2022 | $360.5M | $454.6M | 79.3% | $13.6M |
| 2021 | $354.4M | $541.9M | 65.4% | $12.0M |