Omaha Fire & Rescue Pension Fund
public plan · City of Omaha · Omaha, NE
ACTIVE
D
Pension Health Score
44/100
Funding Status61% Funded
0%80% threshold100%
$623.8M
Total Assets
$1.0B
Total Liabilities
$406.7M
Unfunded Liability
8,733
Participants
Funding History
What This Means for You
Omaha Fire & Rescue Pension Fund is significantly underfunded at 61%, with $406.7M in unfunded liabilities affecting 8,733 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 | $623.8M | $1.0B | 60.5% | $48.8M |
| 2024 | $623.1M | $1.2B | 54.1% | $35.7M |
| 2023 | $584.6M | $1.0B | 56.6% | $42.2M |
| 2022 | $549.5M | $850.7M | 64.6% | $51.7M |
| 2021 | $511.8M | $782.5M | 65.4% | $42.3M |