Irving Firemen's Relief and Retirement Fund (IFRRF)

Actuarial Information as of December 31, 2020


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

Note: IFRRF Actuary is completed every two years

View downloadable data


Actuarial valuations - past 5 annual reports

010112 IFRRF Actuary Report (PDF)

010114 IFRRF Actuary Report (PDF)

123115 IFRRF Actuary Report (PDF)

123117 IFRRF Actuary Report (PDF)

123119 IFRRF Actuary Report (PDF)

123120 IFRRF Actuary Report (PDF)

Annual Audit Reports for the past 5 years.

2016 IFRRF Audit Report (PDF)

2017 IFRRF Audit Report (PDF)

2018 IFRRF Audit Report (PDF)

2019 IFRRF Audit Report (PDF)

2020 IFRRF Audit Report (PDF)

Historical Investment Returns

Assumed Return  7.00%

1-Year Return   7.50%

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