transparency

Atlanta Firemen's Relief & Retirement Fund

Overview

Contact Information:
PO Box 1030
Atlanta, TX 75551
http://atlantatxfirepension.org/
Phone: (903) 796-2303
Fax: None Reported

Classification: TLFFRA
Year Created:
Fiscal Year-End Month: 12

Total Members : 45

  Active Members: 19
  Inactive Members : 3
  Total Annuitants: 23
  (Effective Date: 12/31/2021)

Financials

(Effective Date: 12/31/2021)

Total Net Assets: $5,071,538

Total Assets : $5,102,994
Total Liabilities : $31,456
Total Additions : $701,515
Employer Contributions:
$93,622
13.35%
Employee Contributions:
$83,182
11.86%
Other Contributions:
$0
0.00%
Investment Income:
$524,711
74.80%
Other Income:
$0
0.00%

Total Deductions  : $373,602
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$315,395
84.42%
Administrative Expenses:
$27,651
7.40%
Investment Expenses:
$30,556
8.18%
Other Expenses:
$0
0.00%
Total Contribution Rate: 13.00%
(Effective Date: 12/31/2020)
Employer: 13.00%
Employee: 26.00%

Historical Investment Returns

(Report Date: 12/31/2021)
—  Assumed Rate of Return 7.00%
  • 1-Year Return: 9.98%
  • 3-Year Return: 13.00%
  • 10-Year Return: 7.69%
  • 30-Year Return: N/A
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 7.00%

Actuarial

(Effective Date: 12/31/2020)
Actuarial Value of Assets : $4,743,624
Actuaries often select an asset valuation method that smooth the effects of short‐term volatility in the market value of assets. The actuarial value of assets is intended to give fund managers a more accurate picture of the fund’s ability to cover its liabilities.
Market Value of Assets: $4,551,940
Actuarial Assumption Details

Actuarial Funded Ratio : 77.36%

Market Funded Ratio: 80.62%

Amortization Period (Yrs) : infinite
Unfunded Liability : $1,331,994
Unfunded Liability per Member: $29,600

Benefit Tier Details

Tier:
Tier 1
Eligible Members:
Hired before 10/1/2014
Vesting:
Graded 100% at 20 YCS
Age/YCS:
50/20
Benefit Formula:
61% x Final Average Salary, min $1,000 + $93/month x YCS > 20
Final Average Salary:
Highest 60 months
Automatic COLA:
None
Benefit Tier Options:
Retro DROP, 2 yr. max. Employee contributions credited, no interest or COLA.
Social Security:
No
Tier:
Tier 2
Eligible Members:
Hired on/after 10/1/2014
Vesting:
Graded 100% at 20 YCS
Age/YCS:
55/20
Benefit Formula:
61% x Final Average Salary, min $1,000 + $93/month x YCS > 20
Final Average Salary:
Highest 60 months
Automatic COLA:
None
Benefit Tier Options:
Retro DROP, 2 yr. max. Employee contributions credited, no interest or COLA.
Social Security:
No

Investment Policy Details

Effective Date: 6/1/2017

Asset Class:
Alternative Investments
Minimum Allocation:
0%
Maximum Allocation:
40%
Target Allocation:
20%
Asset Class:
Equities
Minimum Allocation:
30%
Maximum Allocation:
70%
Target Allocation:
50%
Asset Class:
Fixed Income
Minimum Allocation:
20%
Maximum Allocation:
60%
Target Allocation:
30%