Wichita Municipal Employees Retirement System
public plan · City of Wichita · Wichita, KS
ACTIVE
D
Pension Health Score
43/100
Funding Status47% Funded
0%80% threshold100%
$1.3B
Total Assets
$2.8B
Total Liabilities
$1.5B
Unfunded Liability
11,043
Participants
Funding History
What This Means for You
Wichita Municipal Employees Retirement System is significantly underfunded at 47%, with $1.5B in unfunded liabilities affecting 11,043 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 | $1.3B | $2.8B | 47.1% | $57.3M |
| 2024 | $1.3B | $3.0B | 43.6% | $62.6M |
| 2023 | $1.2B | $2.8B | 43.6% | $70.0M |
| 2022 | $1.2B | $2.4B | 50.6% | $48.4M |
| 2021 | $1.1B | $2.3B | 48.3% | $67.8M |