Irving Firemen's Relief and Retirement Fund (IFRRF)

Actuarial Information as of December 31, 2021

Actuarial accrued liability (AAL)
Actuarial value of assets (AVA)
Unfunded actuarial accrued liability (UAAL)
Funded Ratio (AVA/AAL)
Equivalent Single Amortization Period as of 1/2022

Assumed rate of return

Valuation Payroll
UAAL as a percent of covered payroll
         37 years


Public Pensions star

Actuarial and Financial

IFRRF Assets vs Liabilities

Historical Investment Returns

Assumed Return  7.00%

1-Year Return   11.00%

IFRRF investment return


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