ProfileFY2024 PRB Verified
Texarkana FF sits at #24 of 42 Texas Local Fire Fighters Retirement Act (TLFFRA) plans by assets under management (AUM). Its FY2024 funded ratio of 81.31% is above the TLFFRA simple mean of 65.6%. The plan's effective amortization period of infinite is infinite under current contributions, which triggers the PRB's most acute oversight requirements. The 7.25% discount rate is in line with the TLFFRA median of 7.25%. The plan uses Entry Age Normal cost method and a fixed contribution policy.
Plan AdministrationLocal Board · Local Operations
Phone (PRB filing)
(409) 828-0425
Mailing Address
PO Box 1967, Texarkana, TX 75504
Note: This fund shares an administrator phone number with Sweetwater, Weslaco, suggesting a regional pension consultancy serving multiple plans. PRB filing data does not separately identify the firm.
Source: PRB plan-detail page #332.
Membership & ContributionsPRB Filing
Active / Annuitant Ratio
0.97
Employee Contribution
13.50% of pay
Employer Contribution
19.50% of pay
Source: PRB plan-detail page #332.
Benefit TermsTier 1 Provisions
Normal Retirement
Age/YCS: 50/20
Benefit Formula (Tier 1)
Years of Credited Service x 3.09% x Final Average Salary
Final Average Salary
Highest 36 months
Source: PRB plan-detail page #332. Tier 1 reflects the primary benefit tier; some plans have a separate Tier 2 for members hired after a specified date. See the PRB page for full plan provisions.
Service ProvidersActuary · Custodian · Advisor · Auditor
Service providers: Not separately published in PRB filings or on the fund's public materials. TLFFRA boards typically retain an independent actuary, a bank custodian, an investment consultant, and an external auditor. Service-provider engagements are local-board records and typically become public through board minutes (available by request from the plan administrator) or in the audited financial statements filed with the PRB. The fund's website (linked above) often lists current providers under a "Service Providers" or "Board" tab.
Sponsoring AgencyTexarkana Fire Department
Sponsoring Fire Department: The Texarkana Fire Department covers the City of Texarkana, Bowie County. The fund covers 75 active firefighters and 77 annuitants as reported on the PRB-1000 filing. Department-level operational detail (station count, apparatus, accreditation, ISO rating) is not separately tracked in TLFFRA filings; the City of Texarkana's fire department web page is the canonical source.
FY2024 Financials & Actuarial DetailTexas Pension Review Board
Market Value of Assets
$42,297,909
Actuarial Value of Assets
$43,013,953
Actuarial Accrued Liability
$52,899,121
Funded Ratio (Actuarial)
81.31%
Effective Amortization
Infinite
Inflation Assumption
2.75%
Total Expenses (% of Assets)
0.994% (99.4 bps) #34 of 42 (lowest=best)
Cost Method
Entry Age Normal
View this plan's full PRB record →
Expense ratio note: The "Total Expenses (% of Assets)" line is the PRB's published total operating expenses (administrative + investment-related) as a percentage of net assets, sourced from each plan's annual financial report. Per the PRB's own disclaimer: "Due to inconsistencies in reporting of investment expenses, this data may not be an entirely accurate depiction of true investment-related expenses paid." Lower is generally better but cohort context matters. Smaller funds carry higher fixed administrative costs. The 42-fund average is 0.708% (70.8 bps); median is 0.675% (67.5 bps). Source: PRB expenses CSV →