Salt Lake County Employees Retirement Fund
public plan · Salt Lake County · Meridian, ID
ACTIVE
D
Pension Health Score
48/100
Funding Status59% Funded
0%80% threshold100%
$2.4B
Total Assets
$4.0B
Total Liabilities
$1.7B
Unfunded Liability
21,834
Participants
Funding History
What This Means for You
Salt Lake County Employees Retirement Fund is significantly underfunded at 59%, with $1.7B in unfunded liabilities affecting 21,834 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 | $2.4B | $4.0B | 58.7% | $144.0M |
| 2024 | $2.3B | $3.9B | 59.1% | $141.9M |
| 2023 | $2.2B | $4.0B | 55.9% | $175.9M |
| 2022 | $2.1B | $3.4B | 61.8% | $182.0M |
| 2021 | $2.0B | $3.3B | 60.6% | $160.7M |