Laredo Fire & Rescue Pension Fund
public plan · City of Laredo · Fort Worth, TX
ACTIVE
D
Pension Health Score
49/100
Funding Status58% Funded
0%80% threshold100%
$1.3B
Total Assets
$2.3B
Total Liabilities
$958.3M
Unfunded Liability
6,231
Participants
Funding History
What This Means for You
Laredo Fire & Rescue Pension Fund is significantly underfunded at 58%, with $958.3M in unfunded liabilities affecting 6,231 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 | $1.3B | $2.3B | 58.0% | $68.2M |
| 2024 | $1.3B | $2.4B | 55.7% | $83.7M |
| 2023 | $1.3B | $2.2B | 56.4% | $74.4M |
| 2022 | $1.2B | $2.2B | 52.7% | $78.5M |
| 2021 | $1.1B | $1.9B | 58.5% | $90.7M |