All pension funds

Port Arthur Firemen's Relief & Retirement Fund

Local fire (TLFFRA)·Under100MM plan

Actuarial valuation

fiscal year 2025, as reported to the PRB
Funded ratio
77.5%
Actuarial accrued liability
$76.0M
Actuarial value of assets
$59.0M
Unfunded liability
$17.1M
Amortization period
19.4 years
Assumed return
7.25%
Contributions (employer / employee, % pay)
13.2% / 15.0%

Financial report

fiscal year 2024
Net assets (market value)
$59.6M
Benefit payments
$4.2M
Total contributions
$3.4M

Membership

fiscal year 2024
Active members
106
Annuitants
95

Funded status by year

FYFunded ratioAssets (actuarial)LiabilityUnfundedAmortization
202577.5%$59.0M$76.0M$17.1M19.4
202477.5%$59.0M$76.0M$17.1M19.4
202377.5%$59.0M$76.0M$17.1M19.4
202277.8%$56.1M$72.1M$16.0M19.7
202177.8%$56.1M$72.1M$16.0M19.7
202075.0%$50.3M$67.1M$16.8M27.3
201975.0%$50.3M$67.1M$16.8M27.3
201874.2%$48.8M$65.8M$17.0M23.7
201774.2%$48.8M$65.8M$17.0M23.7
201678.0%$45.3M$58.1M$12.8M18.3
201578.0%$45.3M$58.1M$12.8M18.3
201477.4%$40.8M$52.7M$11.9M17.0
201372.8%$36.1M$49.6M$13.5M22.5
201272.8%$36.1M$49.6M$13.5M22.5
201172.4%$33.2M$45.9M$12.7M22.5
201072.4%$33.2M$45.9M$12.7M22.5
200977.7%$31.1M$40.1M$8.9M22.0
200877.7%$31.1M$40.1M$8.9M22.0
200771.1%$26.3M$37.0M$10.7M24.8
200671.1%$26.3M$37.0M$10.7M24.8
Full plan record at the Texas Pension Review Board