All pension funds

Big Spring Firemen's Relief & Retirement Fund

Local fire (TLFFRA)·Under50MM plan

Actuarial valuation

fiscal year 2026, as reported to the PRB
Funded ratio
64.1%
Actuarial accrued liability
$26.9M
Actuarial value of assets
$17.2M
Unfunded liability
$9.6M
Amortization period
21.2 years
Assumed return
7.25%
Contributions (employer / employee, % pay)
19.0% / 13.0%

Financial report

fiscal year 2025
Net assets (market value)
$18.9M
Benefit payments
$1.8M
Total contributions
$1.6M

Membership

fiscal year 2025
Active members
60
Annuitants
45

Funded status by year

FYFunded ratioAssets (actuarial)LiabilityUnfundedAmortization
202664.1%$17.2M$26.9M$9.6M21.2
202564.1%$17.2M$26.9M$9.6M21.2
202462.8%$15.6M$24.9M$9.3M19.1
202362.8%$15.6M$24.9M$9.3M19.1
202254.7%$13.9M$25.4M$11.5M33.7
202154.7%$13.9M$25.4M$11.5M33.7
202053.2%$11.9M$22.3M$10.4M38.3
201953.2%$11.9M$22.3M$10.4M38.3
201854.9%$11.0M$20.1M$9.1M36.2
201754.9%$11.0M$20.1M$9.1M36.2
201654.8%$11.0M$20.0M$9.0M28.7
201554.8%$11.0M$20.0M$9.0M28.7
201456.7%$9.9M$17.4M$7.5M30.8
201356.7%$9.9M$17.4M$7.5M30.8
201261.3%$11.1M$18.1M$7.0M27.0
201155.6% *$10.7M$16.1M$5.4M22.1
201055.6% *$10.7M$16.1M$5.4M22.1
200968.1%$9.8M$14.4M$4.6M25.7
200868.1%$9.8M$14.4M$4.6M25.7
200769.2%$8.0M$11.6M$3.6M32.3
200669.2%$8.0M$11.6M$3.6M32.3

* The plan's stated funded ratio differs by more than 0.5 points from assets ÷ liability for that year. The stated figure is shown; the row is flagged so the discrepancy is visible.

Full plan record at the Texas Pension Review Board