The chart above shows how the San Antonio Fire and Police Pension stacks up against other Texas pension funds with assets greater than $1 billion using a comparison of funded ratios.

The Texas Pension Review Board defines a funded ratio as the ratio of a plan's current assets to the present value of earned pensions. The PRB also says this: "Some consider a funded ratio of at least 80% to signify overall financial health and a funded ratio of less than 60% problematic. Others would consider a funded ratio of 100% to be desirable. The funded ratio alone, however, may not provide enough insight into the overall financial health of a retirement system. Newly formed retirement systems, for example, will have low funded ratios for some time as they build the value of their trust funds. Additionally, retirement systems with the same funded ratio may be in different positions to meet their long-term obligations. A retirement system’s funded ratio is only a onetime snapshot of the system’s asset to liability measurement and does not provide any trend-related information. Therefore, funded ratio should be evaluated in conjunction with a system’s amortization period." Learn more about measures of pension fund health at http://www.prb.state.tx.us/.../Financial_Health_Study...