PEPFFPublic Employees Police and Fire Fund
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Similarly for the GERF and PEPFF, both funds contain closed legacy city pension plans to which the city makes fixed, non-employer contributions annually that will terminate by statute in 2031.
Fitch finds it conceivable that the growth in the city's economic base, coupled with reforms to the GERF and PEPFF being debated at the state level, could lead to a further reduction in the liability in the near term compared to the size of the economic base.
The park district participates in two state-sponsored pension plans - the General Employees Retirement Fund (GERF) and Public Employees Police and Fire Fund (PEPFF).