Montgomery County Employees Retirement Fund
public plan · Montgomery County · Topeka, KS
ACTIVE
D
Pension Health Score
48/100
Funding Status64% Funded
0%80% threshold100%
$544.1M
Total Assets
$848.6M
Total Liabilities
$304.5M
Unfunded Liability
15,234
Participants
Funding History
What This Means for You
Montgomery County Employees Retirement Fund is significantly underfunded at 64%, with $304.5M in unfunded liabilities affecting 15,234 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 | $544.1M | $848.6M | 64.1% | $30.7M |
| 2024 | $530.7M | $816.4M | 65.0% | $40.5M |
| 2023 | $506.4M | $823.4M | 61.5% | $41.9M |
| 2022 | $490.6M | $700.9M | 70.0% | $28.4M |
| 2021 | $466.0M | $691.4M | 67.4% | $34.1M |