Glendale Police Pension Fund
public plan · City of Glendale · Phoenix, AZ
ACTIVE
D
Pension Health Score
47/100
Funding Status66% Funded
0%80% threshold100%
$551.2M
Total Assets
$829.7M
Total Liabilities
$278.4M
Unfunded Liability
12,479
Participants
Funding History
What This Means for You
Glendale Police Pension Fund is significantly underfunded at 66%, with $278.4M in unfunded liabilities affecting 12,479 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 | $551.2M | $829.7M | 66.4% | $38.8M |
| 2024 | $549.8M | $855.1M | 64.3% | $31.2M |
| 2023 | $527.6M | $842.8M | 62.6% | $30.1M |
| 2022 | $500.1M | $850.5M | 58.8% | $39.9M |
| 2021 | $468.3M | $619.5M | 75.6% | $29.0M |