Riverside Municipal Employees Retirement System
public plan · City of Riverside · Sacramento, CA
ACTIVE
D
Pension Health Score
40/100
Funding Status48% Funded
0%80% threshold100%
$3.5B
Total Assets
$7.3B
Total Liabilities
$3.8B
Unfunded Liability
15,238
Participants
Funding History
What This Means for You
Riverside Municipal Employees Retirement System is significantly underfunded at 48%, with $3.8B in unfunded liabilities affecting 15,238 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 | $3.5B | $7.3B | 48.1% | $118.5M |
| 2024 | $3.4B | $6.6B | 51.3% | $123.7M |
| 2023 | $3.4B | $6.6B | 50.8% | $107.4M |
| 2022 | $3.1B | $6.5B | 47.5% | $134.1M |
| 2021 | $2.9B | $5.7B | 51.1% | $149.9M |