Norfolk Fire & Rescue Pension Fund
public plan · City of Norfolk · Virginia Beach, VA
ACTIVE
B
Pension Health Score
74/100
Funding Status69% Funded
0%80% threshold100%
$1.2B
Total Assets
$1.7B
Total Liabilities
$543.2M
Unfunded Liability
4,631
Participants
Funding History
What This Means for You
Norfolk Fire & Rescue Pension Fund is in good financial health at 69% funded. This means for every dollar the plan owes in future benefits, it has 69 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 | $1.2B | $1.7B | 68.6% | $50.5M |
| 2024 | $1.2B | $1.7B | 68.3% | $53.0M |
| 2023 | $1.1B | $1.6B | 68.2% | $53.1M |
| 2022 | $1.0B | $1.5B | 66.8% | $46.2M |
| 2021 | $1.0B | $1.7B | 61.1% | $46.6M |