All pension funds

Odessa Firemen's Relief & Retirement Fund

Local fire (TLFFRA)·Under100MM plan

Actuarial valuation

fiscal year 2026, as reported to the PRB
Funded ratio
38.0%
Actuarial accrued liability
$156.3M
Actuarial value of assets
$59.5M
Unfunded liability
$96.8M
Amortization period
21.3 years
Assumed return
7.00%
Contributions (employer / employee, % pay)
26.0% / 16.0%

Financial report

fiscal year 2025
Net assets (market value)
$59.1M
Benefit payments
$6.9M
Total contributions
$8.2M

Membership

fiscal year 2025
Active members
229
Annuitants
189

Funded status by year

FYFunded ratioAssets (actuarial)LiabilityUnfundedAmortization
202638.0%$59.5M$156.3M$96.8M21.3
202538.0%$59.5M$156.3M$96.8M21.3
202436.4%$52.1M$143.1M$91.0M22.7
202336.2%$48.2M$133.2M$85.0M29.0
202236.5%$47.3M$129.7M$82.4M34.3
202137.2%$43.9M$118.2M$74.2M27.7
202036.8%$43.4M$117.8M$74.5M37.5
201939.3%$43.9M$111.7M$67.8M77.5
201843.1%$45.9M$106.5M$60.6M47.1
201745.1%$47.9M$106.1M$58.2M46.5
201643.1%$48.0M$111.4M$63.4Mnever
201549.8%$48.6M$97.7M$49.1Mnever
201448.8%$42.8M$87.6M$44.8Mnever
201348.8%$42.8M$87.6M$44.8Mnever
201262.1%$46.2M$74.4M$28.2M71.0
201162.1%$46.2M$74.4M$28.2M71.0
201058.3%$40.7M$69.8M$29.1Mnever
200958.3%$40.7M$69.8M$29.1Mnever
200876.6%$46.3M$60.5M$14.2M38.0
200776.6%$46.3M$60.5M$14.2M38.0
200675.7%$40.2M$53.1M$12.9M38.7
Full plan record at the Texas Pension Review Board