Lubbock Fire & Rescue Pension Fund
public plan · City of Lubbock · San Antonio, TX
Funding History
What This Means for You
Lubbock Fire & Rescue Pension Fund is in excellent financial health at 86% funded. This means for every dollar the plan owes in future benefits, it has 86 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 | $389.6M | $452.3M | 86.1% | $20.4M |
| 2024 | $389.2M | $485.9M | 80.1% | $25.4M |
| 2023 | $362.5M | $450.4M | 80.5% | $20.5M |
| 2022 | $353.2M | $393.8M | 89.7% | $23.5M |
| 2021 | $334.5M | $398.6M | 83.9% | $23.6M |
Frequently Asked Questions
Lubbock Fire & Rescue Pension Fund is 86% funded, meaning it has 86 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Lubbock Fire & Rescue Pension Fund has 6,138 total participants, including 3,700 active employees and 2,438 retirees currently receiving benefits.
Lubbock Fire & Rescue Pension Fund is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.