Kansas City Municipal Employees Retirement System
public plan · City of Kansas City · Jefferson City, MO
ACTIVE
D
Pension Health Score
40/100
Funding Status54% Funded
0%80% threshold100%
$2.2B
Total Assets
$4.2B
Total Liabilities
$1.9B
Unfunded Liability
26,694
Participants
Funding History
What This Means for You
Kansas City Municipal Employees Retirement System is significantly underfunded at 54%, with $1.9B in unfunded liabilities affecting 26,694 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 | $2.2B | $4.2B | 53.7% | $76.3M |
| 2024 | $2.1B | $4.1B | 52.0% | $80.2M |
| 2023 | $2.1B | $4.1B | 51.0% | $80.2M |
| 2022 | $2.0B | $4.2B | 49.0% | $93.2M |
| 2021 | $1.8B | $3.1B | 58.8% | $105.2M |