All pension funds
Galveston Firefighter's Relief & Retirement Fund
Local fire (TLFFRA)·Under100MM plan
Actuarial valuation
fiscal year 2026, as reported to the PRBFunded ratio
65.9%
- Actuarial accrued liability
- $97.8M
- Actuarial value of assets
- $64.5M
- Unfunded liability
- $33.3M
- Amortization period
- 20.9 years
- Assumed return
- 7.45%
- Contributions (employer / employee, % pay)
- 21.7% / 19.5%
Financial report
fiscal year 2025- Net assets (market value)
- $66.3M
- Benefit payments
- $5.0M
- Total contributions
- $5.0M
Membership
fiscal year 2025- Active members
- 118
- Annuitants
- 97
Funded status by year
| FY | Funded ratio | Assets (actuarial) | Liability | Unfunded | Amortization |
|---|---|---|---|---|---|
| 2026 | 65.9% | $64.5M | $97.8M | $33.3M | 20.9 |
| 2025 | 65.9% | $64.5M | $97.8M | $33.3M | 20.9 |
| 2024 | 65.9% | $60.9M | $92.4M | $31.5M | 23.9 |
| 2023 | 65.3% | $58.7M | $89.8M | $31.2M | 31.6 |
| 2022 | 67.2% | $56.3M | $83.8M | $27.5M | 30.9 |
| 2021 | 68.3% | $55.2M | $80.8M | $25.6M | 51.6 |
| 2020 | 64.9% | $47.8M | $73.6M | $25.8M | 57.6 |
| 2019 | 64.9% | $47.8M | $73.6M | $25.8M | 57.6 |
| 2018 | 69.2% | $44.3M | $64.1M | $19.8M | 26.8 |
| 2017 | 69.2% | $44.3M | $64.1M | $19.8M | 26.8 |
| 2016 | 68.0% | $43.3M | $63.7M | $20.4M | never |
| 2015 | 68.1% | $42.4M | $62.3M | $19.9M | 47.0 |
| 2014 | 69.7% | $39.6M | $56.8M | $17.2M | 50.2 |
| 2013 | 68.9% | $37.3M | $54.1M | $16.9M | 42.8 |
| 2012 | 68.9% | $37.3M | $54.1M | $16.9M | 42.8 |
| 2011 | 72.8% | $37.6M | $51.7M | $14.1M | 26.8 |
| 2010 | 72.8% | $37.6M | $51.7M | $14.1M | 26.8 |
| 2009 | 84.8% | $36.7M | $43.2M | $6.6M | 17.5 |
| 2008 | 84.8% | $36.7M | $43.2M | $6.6M | 17.5 |
| 2007 | 78.9% | $31.2M | $39.6M | $8.4M | 27.3 |
| 2006 | 78.9% | $31.2M | $39.6M | $8.4M | 27.3 |