Toledo Municipal Employees Retirement System
public plan · City of Toledo · Columbus, OH
ACTIVE
D
Pension Health Score
44/100
Funding Status37% Funded
0%80% threshold100%
$695.4M
Total Assets
$1.9B
Total Liabilities
$1.2B
Unfunded Liability
36,386
Participants
Funding History
What This Means for You
Toledo Municipal Employees Retirement System is significantly underfunded at 37%, with $1.2B in unfunded liabilities affecting 36,386 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. The PBGC has flagged this plan as critical status. 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 | $695.4M | $1.9B | 36.9% | $46.5M |
| 2024 | $663.3M | $1.8B | 35.9% | $47.5M |
| 2023 | $635.9M | $1.7B | 36.6% | $48.1M |
| 2022 | $604.0M | $2.0B | 30.3% | $44.9M |
| 2021 | $571.9M | $1.9B | 30.2% | $43.1M |