Irving Firemen's Relief and Retirement Fund (IFRRF)

Actuarial Information as of December 31, 2019

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
 $291,554,855
   190,715,524
   100,839,331
            65.4%
      43.6 years

            7.00%

    36,988,450
          272.6%


Public Pensions star

Actuarial and Financial

IFRRF Value Assets vs Liab

Historical Investment Returns

Assumed Return  7.00%

1-Year Return   17.00%

IFRRF Investment Return

Contributions

 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.

IFRRF contribution rate

As outlined by Actuarial Standards Board (ASB) Actuarial Standard of Practice No. 4, Document No. 173, guidance provided to actuaries is provided either on a basis of periodic costs (i.e., a fixed contribution rate) or actuarially determined contributions (ADC).  As IFRRF is funded based on a fixed contribution rate, no actuarially determined contribution rate was calculated or used.  As such, no ADC has been presented above.

Other Links:

TMRS Actuarial and Financial Information  

SBP Actuarial and Financial Information 

Comptroller TransparencyPublic Pension Search Tool

IFRRF Website