Garland Municipal Employees Retirement System
public plan · City of Garland · Austin, TX
ACTIVE
B
Pension Health Score
68/100
Funding Status65% Funded
0%80% threshold100%
$3.7B
Total Assets
$5.7B
Total Liabilities
$2.0B
Unfunded Liability
7,619
Participants
Funding History
What This Means for You
Garland Municipal Employees Retirement System is in good financial health at 65% funded. This means for every dollar the plan owes in future benefits, it has 65 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 | $3.7B | $5.7B | 64.9% | $223.2M |
| 2024 | $3.6B | $5.5B | 65.3% | $255.9M |
| 2023 | $3.4B | $5.5B | 61.4% | $245.7M |
| 2022 | $3.3B | $4.8B | 69.6% | $247.6M |
| 2021 | $3.1B | $6.1B | 50.8% | $216.8M |