transparency

Travis County ESD #6 Firefighter's Relief & Retirement Fund

Overview

Contact Information:
15304 Pheasant Ln
Austin, TX 78734
http://www.tcesd6pension.com
Phone: (512) 663-6804
Fax: (512) 261-9677

Classification: TLFFRA
Year Created: 2007
Fiscal Year-End Month: 12

Total Members : 102

  Active Members: 100
  Inactive Members : 1
  Total Annuitants: 1
  (Effective Date: 12/31/2021)

Financials

(Effective Date: 12/31/2021)

Total Net Assets: $43,124,916

Total Assets : $43,135,455
Total Liabilities : $10,539
Total Additions : $7,839,564
Employer Contributions:
$1,592,102
20.31%
Employee Contributions:
$1,656,452
21.13%
Other Contributions:
$0
0.00%
Investment Income:
$4,591,010
58.56%
Other Income:
$0
0.00%

Total Deductions  : $251,986
Benefit Payments:
Benefit Tier Details
$0
0.00%
Withdrawals:
$37,877
15.03%
Administrative Expenses:
$46,265
18.36%
Investment Expenses:
$167,844
66.61%
Other Expenses:
$0
0.00%
Total Contribution Rate: 19.20%
(Effective Date: 12/31/2019)
Employer: 20.00%
Employee: 39.20%

Historical Investment Returns

(Report Date: 12/31/2021)
—  Assumed Rate of Return 7.00%
  • 1-Year Return: 11.79%
  • 3-Year Return: 15.88%
  • 10-Year Return: 9.36%
  • 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: 12/31/2019)
Actuarial Value of Assets : $28,086,052
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: $26,598,292
Actuarial Assumption Details

Actuarial Funded Ratio : 88.61%

Market Funded Ratio: 93.57%

Amortization Period (Yrs) : 4.6
Unfunded Liability : $3,417,649
Unfunded Liability per Member: $33,506

Benefit Tier Details

Eligible Members:
All
Vesting:
10 YCS
Age/YCS:
55/20
Benefit Formula:
Years of Credited Service <= 20 x 3.00% x Final Average Salary + 2.15% x Final Average Salary x YCS > 20
Final Average Salary:
Highest 60 months
Automatic COLA:
None
Benefit Tier Options:
None
Social Security:
No

Investment Policy Details

Effective Date: 11/18/2008

Asset Class:
Other
Minimum Allocation:
0%
Maximum Allocation:
15%
Target Allocation:
N/A
Asset Class:
Cash
Minimum Allocation:
2%
Maximum Allocation:
35%
Target Allocation:
N/A
Asset Class:
Fixed Income
Minimum Allocation:
20%
Maximum Allocation:
70%
Target Allocation:
N/A
Asset Class:
Equities
Minimum Allocation:
20%
Maximum Allocation:
70%
Target Allocation:
N/A
Asset Class:
Real Estate
Minimum Allocation:
0%
Maximum Allocation:
20%
Target Allocation:
N/A