Irving Firemen's Relief and Retirement Fund (IFRRF)

Actuarial Information as of December 31, 2015
Actuarial accrued liability (AAL)
Actuarial value of assets (AVA)
Unfunded actuarial accrued liability (UAAL)  
Funded Ratio (AVA/AAL)
Equivalent Single Amortization Period

Assumed rate of return  

Valuation Payroll
UAAL as a percent of covered payroll
             46.5 years



Public Pensions star
Actuarial and Financial

FIRE Actuarial value
 Note: IFRRF Actuary is completed every two years

Click here for downloadable data

Actuarial valuations - past 5 annual reports

123107 IFRRF Actuary Report.pdf
123109 IFRRF Actuary Report.pdf
010112 IFRRF Actuary Report.pdf
011014 IFRRF Actuary Report.pdf
123115 IFRRF Actuary Report.pdf

IFRRF 5 Year Irving History of Net Position (Downloadable Data).xslx

Portfolio Management Strategy

The long-term expected rate of return on the IFRRF plan investments was determined by using a building-block method in which best estimate ranges of expected future real rate of returns (expected returns, net of pension plan investments expense and inflation) are developed for each major asset class.  These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return for each major asset class included in the IFRRF’s target asset allocations as of December 31, 2015 are summarized below:

Fire Asset Allocation

Historical Investment Returns

Assumed Return       8.25%

1-Year Return        -1.69%
3-Year Return   7.93%
10-Year Return 6.32%

Fire Investment Returns


Actuarially Determined Contribution (ADC) rate - A target or recommended contribution to a defined benefit pension plan for the reporting period, determined in conformity with Actuarial Standards of Practice based on the most recent measurement available when the contribution for the reporting period was adopted.

Fire Contributions
Note: IFRRF Actuary is completed every two years.

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