Milwaukee Fire & Rescue Pension Fund
public plan · City of Milwaukee · Green Bay, WI
ACTIVE
D
Pension Health Score
42/100
Funding Status56% Funded
0%80% threshold100%
$725.4M
Total Assets
$1.3B
Total Liabilities
$581.0M
Unfunded Liability
3,814
Participants
Funding History
What This Means for You
Milwaukee Fire & Rescue Pension Fund is significantly underfunded at 56%, with $581.0M in unfunded liabilities affecting 3,814 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 | $725.4M | $1.3B | 55.5% | $38.6M |
| 2024 | $695.9M | $1.3B | 52.4% | $46.3M |
| 2023 | $660.7M | $1.2B | 56.8% | $48.6M |
| 2022 | $664.7M | $1.3B | 52.4% | $42.0M |
| 2021 | $634.5M | $1.1B | 59.9% | $35.9M |