Columbus Fire & Rescue Pension Fund
public plan · City of Columbus · Toledo, OH
ACTIVE
D
Pension Health Score
46/100
Funding Status63% Funded
0%80% threshold100%
$842.4M
Total Assets
$1.3B
Total Liabilities
$486.4M
Unfunded Liability
6,238
Participants
Funding History
What This Means for You
Columbus Fire & Rescue Pension Fund is significantly underfunded at 63%, with $486.4M in unfunded liabilities affecting 6,238 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 | $842.4M | $1.3B | 63.4% | $42.9M |
| 2024 | $814.7M | $1.4B | 58.1% | $52.2M |
| 2023 | $790.2M | $1.1B | 71.5% | $50.6M |
| 2022 | $728.5M | $1.1B | 66.4% | $39.8M |
| 2021 | $697.1M | $1.0B | 67.8% | $37.8M |