Raleigh Municipal Employees Retirement System
public plan · City of Raleigh · Raleigh, NC
ACTIVE
D
Pension Health Score
41/100
Funding Status49% Funded
0%80% threshold100%
$1.7B
Total Assets
$3.5B
Total Liabilities
$1.8B
Unfunded Liability
39,303
Participants
Funding History
What This Means for You
Raleigh Municipal Employees Retirement System is significantly underfunded at 49%, with $1.8B in unfunded liabilities affecting 39,303 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 | $1.7B | $3.5B | 48.9% | $65.2M |
| 2024 | $1.6B | $3.5B | 47.1% | $48.4M |
| 2023 | $1.6B | $3.4B | 48.5% | $58.6M |
| 2022 | $1.5B | $3.3B | 46.2% | $65.5M |
| 2021 | $1.4B | $2.7B | 52.1% | $61.4M |