Las Vegas Fire & Rescue Pension Fund
public plan · City of Las Vegas · Reno, NV
ACTIVE
D
Pension Health Score
47/100
Funding Status50% Funded
0%80% threshold100%
$1.1B
Total Assets
$2.1B
Total Liabilities
$1.0B
Unfunded Liability
4,381
Participants
Funding History
What This Means for You
Las Vegas Fire & Rescue Pension Fund is significantly underfunded at 50%, with $1.0B in unfunded liabilities affecting 4,381 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 | $1.1B | $2.1B | 50.4% | $42.1M |
| 2024 | $989.3M | $2.3B | 43.9% | $47.0M |
| 2023 | $946.9M | $2.2B | 42.1% | $58.9M |
| 2022 | $963.3M | $1.6B | 60.4% | $53.1M |
| 2021 | $893.2M | $1.8B | 49.6% | $41.2M |