All pension funds

Galveston Employees' Retirement Fund

Municipal·Under100MM plan

Actuarial valuation

fiscal year 2026, as reported to the PRB
Funded ratio
75.0%
Actuarial accrued liability
$112.9M
Actuarial value of assets
$84.7M
Unfunded liability
$28.3M
Amortization period
13.9 years
Assumed return
7.25%
Contributions (employer / employee, % pay)
13.4% / 6.0%

Financial report

fiscal year 2025
Net assets (market value)
$89.2M
Benefit payments
$6.0M
Total contributions
$7.0M

Membership

fiscal year 2025
Active members
559
Annuitants
397

Funded status by year

FYFunded ratioAssets (actuarial)LiabilityUnfundedAmortization
202675.0%$84.7M$112.9M$28.3M13.9
202575.0%$84.7M$112.9M$28.3M13.9
202473.3%$78.1M$106.5M$28.4M13.2
202376.8%$72.2M$94.0M$21.8M8.9
202280.4%$67.3M$83.7M$16.4M9.1
202185.1%$65.2M$76.6M$11.4M10.8
202079.5%$59.4M$74.7M$15.3M16.4
201977.5%$54.9M$70.8M$15.9M16.5
201876.6%$52.4M$68.3M$16.0M16.8
201779.6%$51.0M$64.1M$13.1M11.6
201678.5%$47.9M$61.1M$13.2M13.4
201578.0%$45.8M$58.7M$12.9M13.7
201481.4%$43.3M$53.2M$9.9Mnever
201377.5%$40.3M$52.0M$11.7Mnever
201279.0%$40.2M$50.8M$10.7Mnever
201181.9%$39.6M$48.4M$8.7Mnever
201082.3%$38.7M$47.0M$8.3M32.0
200977.3%$35.2M$45.5M$10.3Mnever
200887.2%$38.3M$43.9M$5.6M30.0
200784.5%$35.6M$42.1M$6.5M30.0
200689.1%$35.7M$40.1M$4.4M30.0
Full plan record at the Texas Pension Review Board