Police Officers Pension Fund Valuation and Contribution Rates
Summary
The city's required pension contribution is going up next year — to $51,937 for regular employees and $12,312 for special risk — mostly due to administrative costs and a state-mandated mortality assumption change. The good news: the regular class fund is 141% funded, and the small special risk shortfall is an accounting artifact, not a real deficit.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Feb 11, 2026.
Impact analysis
The city will budget roughly $64,250 in required pension contributions for next fiscal year, up a few thousand dollars from this year.
City general employees, whose pension benefits remain fully covered by fund assets.
Taxpayers face a modestly higher city contribution next year, though the increase is small.
Mentions & discussions (2)
Police Officers Retirement System - Feb 11, 2026
The fund actuary reported that the city and state required contribution rate will slightly decrease to 34.26% of payroll for next year, driven partly by new officer hires. The fund total value reached $117.4 million at the close of 2025.
General Employees Retirement Trust Fund - Feb 11, 2026
The city's required pension contribution is going up next year — to $51,937 for regular employees and $12,312 for special risk — mostly due to administrative costs and a state-mandated mortality assumption change. The good news: the regular class fund is 141% funded, and the small special risk shortfall is an accounting artifact, not a real deficit.
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