Latest PRB Data · 42 Plans

Forty-two TLFFRA pension funds. One reference.

A trustee-built companion to the Texas Pension Review Board (PRB). Sort by funded ratio. Filter by asset size. Compare any four plans head-to-head. Forty-two plan profiles, none of them more than two clicks away.

42
TLFFRA Plans
$3.28B
Net Total Assets
68.9%
Aggregate Funded Ratio
66.7%
Mean Funded Ratio
All 42 Plans

Plan directory.

Click a column header to sort. Check a row to add it to the comparison panel. Click any plan name for the full source-dated profile. Financial FY2024–2025; actuarial valuations FY2023–2026; contribution rates FY2025–2026; membership FY2024–2025. Reporting years appear in the profiles and comparison panel. Colors group numeric ranges; they are not PRB ratings.

42 plans visible
  Fund City Assets Funded Amort Return Active EE / ER SS Type  
Funded ≥90% / Amort ≤25y Funded 70-90% / Amort 25-30y Funded <70% / Amort >30y or Infinite
Select 2-4 plans above to compare side by side.
Funding shape

Where the 42 plans sit.

Reported funded-ratio ranges, amortization periods, and net asset size across the 42 plans. Reporting years differ; these ranges are not PRB ratings.

Funded Ratio
≥ 100%2
90-100%2
80-90%3
70-80%11
60-70%9
50-60%6
< 50%9
Amortization Period
≤ 15 yrs8
15-25 yrs21
25-30 yrs8
30-50 yrs4
> 50 yrs1
Infinite0
Net Asset Size
> $500M0
$100M-$500M10
$50M-$100M12
< $50M20
Statutory Trigger

FSRP and the 40-year line.

The PRB lists several Funding Soundness Restoration Plan (FSRP) triggers: funding periods above 30 years over successive valuations; after September 1, 2025, one valuation above 40 years, or between 30 and 40 years with a funded ratio below 65%. These counts describe reported figures only. They do not establish a plan’s FSRP status. See the PRB’s current requirements and reports.

Plans above 40-year amort.
1

Latest reported finite amortization above 40 years; not a verified FSRP determination.

Plans with infinite amortization
0

PRB records flagged as infinite amortization; distinct from a missing value.

Plans funded under 50%
9

Latest reported funded ratio below 50%; separate from amortization.

Canonical, current FSRP status by plan: prb.texas.gov/actuarial/funding-soundness-restoration-plan-fsrp.

Acronym Glossary

The terms, defined.

Reading aids for the linked PRB records. See the PRB actuarial resources and current MET requirements. Confirm the applicable plan definitions with its authority source.

AAL
Actuarial Accrued Liability. The present value of future benefits attributable to past service.
AVA
Actuarial Value of Assets. Smoothed market value used to dampen year-over-year asset volatility in funded ratio calculations.
AUM
Legacy asset label. Values in this guide are PRB net total assets, with the financial reporting year retained.
Funded Ratio
Actuarial value of assets divided by actuarial accrued liability at the reported valuation. It is a point-in-time ratio, not a PRB health rating.
Amortization Period
Reported years to amortize the unfunded actuarial accrued liability, as shown on each plan's PRB page. Infinite is a distinct source flag. FSRP requirements depend on multiple statutory criteria; consult the linked PRB guidance.
Assumed Return
The investment-return assumption in the reported PRB actuarial record. This is an assumption, not an actual investment return or a financial-reporting discount rate.
EAN
Entry Age Normal. The actuarial cost method most TLFFRA plans use to allocate costs evenly over a member's career.
PUC
Projected Unit Credit. An alternative actuarial cost method. No TLFFRA plan reports it in the latest PRB records: 41 of the 42 report EAN, and Paris reports unit credit (UC), which the PRB codes separately.
Fixed Contribution
Contribution structure reported by PRB as fixed rather than actuarial. Consult the plan's provisions for the applicable contribution rates.
ADC
Actuarially Determined Contribution. The PRB defines it as the normal cost plus an amortization payment. Texas Government Code §802.101(a) requires each system's actuarial valuation to include a recommended contribution rate needed to achieve and maintain an amortization period that does not exceed 30 years, so all 42 plans here have a PRB-reported ADC, whatever their contribution type.
FSRP
Funding Soundness Restoration Plan. Requirements depend on the statutory triggers and exemptions described in the linked PRB guidance.
PRB
Texas Pension Review Board. The state agency that oversees and reports on Texas public retirement systems.
MET
Minimum Educational Training. The PRB-required curriculum trustees and administrators must complete (7 hours first year, 2 hours per year thereafter).
COLA
Cost-Of-Living Adjustment. Periodic benefit increase, typically tied to CPI or granted ad hoc by the board.
FAS
Final Average Salary. The salary base used in the benefit formula, typically the highest 36 or 60 months of pay.
YCS
Years of Credited Service. Service used in the benefit formula and for retirement eligibility (a '50/20' rule means age 50 with 20 years of service).
UAAL
Unfunded Actuarial Accrued Liability. AAL minus AVA. The shortfall the amortization period addresses.
Normal Cost
The portion of liability allocated to the current year of service, distinct from prior-service cost.
SS Participation
Whether the plan's members also participate in Social Security. Most TX firefighter plans do not.
TLFFRA
Texas Local Fire Fighters Retirement Act (1937). The state statute that authorizes paid TX firefighters to form locally-controlled defined-benefit pension plans.