Providence Municipal Employees Retirement System
public plan · City of Providence · Cranston, RI
ACTIVE
A
Pension Health Score
83/100
Funding Status95% Funded
0%80% threshold100%
$1.7B
Total Assets
$1.8B
Total Liabilities
$84.1M
Unfunded Liability
14,478
Participants
Funding History
What This Means for You
Providence Municipal Employees Retirement System is in excellent financial health at 95% funded. This means for every dollar the plan owes in future benefits, it has 95 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 | $1.7B | $1.8B | 95.3% | $105.7M |
| 2024 | $1.6B | $1.7B | 96.1% | $91.7M |
| 2023 | $1.6B | $1.7B | 97.4% | $116.6M |
| 2022 | $1.5B | $1.5B | 97.4% | $107.6M |
| 2021 | $1.5B | $1.6B | 94.9% | $119.4M |