All pension funds

Galveston Employees' Retirement Plan for Police

Municipal·Under50MM plan

Actuarial valuation

fiscal year 2026, as reported to the PRB
Funded ratio
49.9%
Actuarial accrued liability
$67.0M
Actuarial value of assets
$33.4M
Unfunded liability
$33.5M
Amortization period
13.0 years
Assumed return
7.00%
Contributions (employer / employee, % pay)
18.0% / 12.0%

Financial report

fiscal year 2025
Net assets (market value)
$35.3M
Benefit payments
$4.4M
Total contributions
$5.1M

Membership

fiscal year 2025
Active members
160
Annuitants
155

Funded status by year

FYFunded ratioAssets (actuarial)LiabilityUnfundedAmortization
202649.9%$33.4M$67.0M$33.5M13.0
202547.1%$30.4M$64.4M$34.1M13.0
202444.3%$28.0M$63.2M$35.2M15.0
202342.8%$25.7M$59.9M$34.3M16.0
202238.0%$22.8M$60.1M$37.3M27.0
202138.0%$22.8M$60.1M$37.3M27.0
202036.4%$21.5M$59.1M$37.6M28.0
201934.0%$19.6M$57.9M$38.2M30.0
201839.3%$20.8M$52.9M$32.1M35.5
201742.1%$21.2M$50.4M$29.1M48.7
201644.7%$21.9M$49.0M$27.1M47.1
201547.0%$22.4M$47.7M$25.2M54.9
201444.3%$22.0M$49.7M$27.7M55.1
201343.0%$21.5M$49.9M$28.4M65.8
201246.9%$22.7M$48.4M$25.7M53.5
201150.3%$24.4M$48.5M$24.1M41.2
201049.5%$23.8M$48.1M$24.3M30.4
200945.7%$21.2M$46.4M$25.2M38.7
200860.2%$26.2M$43.5M$17.3M15.6
200761.7%$25.1M$40.6M$15.6M37.5
200665.0%$24.9M$38.3M$13.4M29.5
Full plan record at the Texas Pension Review Board