Phoenix Municipal Employees Retirement System
public plan · City of Phoenix · Tucson, AZ
ACTIVE
B
Pension Health Score
70/100
Funding Status82% Funded
0%80% threshold100%
$2.0B
Total Assets
$2.5B
Total Liabilities
$454.6M
Unfunded Liability
39,247
Participants
Funding History
What This Means for You
Phoenix Municipal Employees Retirement System is in good financial health at 82% funded. This means for every dollar the plan owes in future benefits, it has 82 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 | $2.0B | $2.5B | 81.7% | $120.0M |
| 2024 | $1.9B | $2.5B | 78.2% | $123.1M |
| 2023 | $1.9B | $2.6B | 73.5% | $124.4M |
| 2022 | $1.8B | $2.2B | 80.3% | $149.5M |
| 2021 | $1.7B | $2.0B | 85.4% | $126.2M |