All pension funds

Killeen Firemen's Relief & Retirement Fund

Local fire (TLFFRA)·Under100MM plan

Actuarial valuation

fiscal year 2026, as reported to the PRB
Funded ratio
66.3%
Actuarial accrued liability
$108.5M
Actuarial value of assets
$71.9M
Unfunded liability
$36.6M
Amortization period
28.8 years
Assumed return
7.25%
Contributions (employer / employee, % pay)
15.0% / 12.0%

Financial report

fiscal year 2025
Net assets (market value)
$86.1M
Benefit payments
$3.6M
Total contributions
$6.2M

Membership

fiscal year 2025
Active members
240
Annuitants
86

Funded status by year

FYFunded ratioAssets (actuarial)LiabilityUnfundedAmortization
202666.3%$71.9M$108.5M$36.6M28.8
202566.3%$71.9M$108.5M$36.6M28.8
202466.3%$71.9M$108.5M$36.6M28.8
202370.6%$61.2M$86.6M$25.5M21.0
202270.6%$61.2M$86.6M$25.5M21.0
202170.3%$50.5M$71.9M$21.3M28.4
202070.3%$50.5M$71.9M$21.3M28.4
201969.3%$43.0M$62.0M$19.0M39.8
201869.3%$43.0M$62.0M$19.0M39.8
201769.7%$37.4M$53.7M$16.2M22.8
201669.7%$37.4M$53.7M$16.2M22.8
201566.5%$32.6M$49.1M$16.5M29.5
201466.5%$32.6M$49.1M$16.5M29.5
201366.9%$27.5M$41.1M$13.6M36.1
201266.9%$27.5M$41.1M$13.6M36.1
201164.5%$24.0M$37.2M$13.2M27.0
201064.5%$24.0M$37.2M$13.2M27.0
200963.9%$20.2M$31.7M$11.4M23.0
200863.9%$20.2M$31.7M$11.4M23.0
200758.0%$15.8M$27.3M$11.5M25.0
200658.0%$15.8M$27.3M$11.5M25.0
Full plan record at the Texas Pension Review Board