Durham Fire & Rescue Pension Fund
public plan · City of Durham · Greensboro, NC
ACTIVE
D
Pension Health Score
48/100
Funding Status58% Funded
0%80% threshold100%
$649.5M
Total Assets
$1.1B
Total Liabilities
$478.5M
Unfunded Liability
2,554
Participants
Funding History
What This Means for You
Durham Fire & Rescue Pension Fund is significantly underfunded at 58%, with $478.5M in unfunded liabilities affecting 2,554 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 | $649.5M | $1.1B | 57.6% | $48.9M |
| 2024 | $621.7M | $1.1B | 56.0% | $48.6M |
| 2023 | $608.3M | $1.0B | 60.6% | $41.3M |
| 2022 | $561.5M | $1.2B | 45.5% | $43.1M |
| 2021 | $564.2M | $962.8M | 58.6% | $47.8M |