All pension funds
Lower Neches Valley Authority Employees Benefit Plan
Local (Gov. Code ch. 810)·Under50MM plan
Actuarial valuation
fiscal year 2026, as reported to the PRBFunded ratio
98.5%
- Actuarial accrued liability
- $19.7M
- Actuarial value of assets
- $19.4M
- Unfunded liability
- $303K
- Amortization period
- 10.0 years
- Assumed return
- 6.50%
- Contributions (employer / employee, % pay)
- 7.5% / 0.0%
Financial report
fiscal year 2025- Net assets (market value)
- $19.4M
- Benefit payments
- $3.4M
- Total contributions
- $1.1M
Membership
fiscal year 2025- Active members
- 24
- Annuitants
- 14
Funded status by year
| FY | Funded ratio | Assets (actuarial) | Liability | Unfunded | Amortization |
|---|---|---|---|---|---|
| 2026 | 98.5% | $19.4M | $19.7M | $303K | 10.0 |
| 2025 | 85.4% | $18.1M | $21.2M | $3.1M | 10.0 |
| 2024 | 75.8% | $15.3M | $20.2M | $4.9M | 10.0 |
| 2023 | 60.5% | $12.4M | $20.5M | $8.1M | 8.8 |
| 2022 | 73.1% | $13.7M | $18.8M | $5.1M | 10.0 |
| 2021 | 65.4% | $11.7M | $17.9M | $6.2M | 10.0 |
| 2020 | 78.0% | $9.6M | $12.3M | $2.7M | 9.0 |