The plan is funded through three sources: employer contributions, employee contributions, and investment returns.

Every sworn police officer (Tier 1 & Tier 2) contributes 9% of their salary, including duty availability, to the pension fund. The employee contribution is divided as follows:

• 7% for the employee annuity
• 1.5% for the widow annuity
• 0.5% for the automatic annual increase in annuity
  

According to the pension code, beginning in tax levy year 2020 the City is required to contribute an actuarial determined amount to the Fund. This amount shall be equal to and no less than the normal cost to the Fund and is sufficient to bring the total assets of the Fund up to 90% of the total actuarial liabilities of the Fund by the end of fiscal year 2055. The actuarial determined contribution is updated annually and is documented in the Fund’s annual actuarial report.