All pension funds

Galveston Wharves Pension Plan

Local (Gov. Code ch. 810)·Under50MM plan

Actuarial valuation

fiscal year 2026, as reported to the PRB
Funded ratio
96.6%
Actuarial accrued liability
$16.5M
Actuarial value of assets
$15.9M
Unfunded liability
$556K
Amortization period
15.0 years
Assumed return
7.00%
Contributions (employer / employee, % pay)
17.0% / 0.0%

Financial report

fiscal year 2025
Net assets (market value)
$16.9M
Benefit payments
$1.3M
Total contributions
$505K

Membership

fiscal year 2025
Active members
9
Annuitants
75

Funded status by year

FYFunded ratioAssets (actuarial)LiabilityUnfundedAmortization
202696.6%$15.9M$16.5M$556K15.0
202595.0%$15.5M$16.3M$809K16.0
202485.1%$14.3M$16.9M$2.5M17.0
202377.5%$12.9M$16.7M$3.8M18.0
2022102.0%$16.7M$16.4M$-330K0.0
202193.2%$15.6M$16.7M$1.1M20.0
202089.9%$14.7M$16.4M$1.7M21.0
201976.1%$12.4M$16.3M$3.9M22.0
201883.8%$13.7M$16.3M$2.6M23.0
201773.3%$11.8M$16.2M$4.3M24.0
201678.9%$11.8M$14.9M$3.1M25.0
201582.9%$12.0M$14.5M$2.5M30.0
201481.8%$11.5M$14.0M$2.5M30.0
201371.4%$9.8M$13.7M$3.9M30.0
201272.6%$9.3M$12.8M$3.5M30.0
201172.6%$9.3M$12.8M$3.5M30.0
2010$6.8M$11.3M$4.5M24.0
2009$6.8M$11.3M$4.5M24.0
200894.5%$10.0M$10.6M$582K25.0
200798.2%$10.2M$10.3M$188K26.0
200687.2%$8.0M$9.2M$1.2M27.0
Full plan record at the Texas Pension Review Board