Quote Originally Posted by O3H View Post


At the end of fiscal 2017,
the Police and Fire Retirement System was about 78 % funded

That is actually substantially above average, nationwide. The national average is 71%, while the state average is 64%. The more interesting question is the trendline--is the funding percentage increasing or decreasing. Nationwide, it is down 3.4% [[74.5 to 71.1). Statewide, it is up from 63.6% to 64%. Only 8 of 50 states showed a positive trendline.

I do not know what last year's funding percentage was. I do know that GASB 75 now requires municipalities, school districts, etc., to report the underfunding of their OPEB [[retiree healthcare is the largest). It will be interesting to see where that sits.