The Texas Association of Public Employee Retirement Systems (TEXPERS), the Pension Review Board (PRB), and the rules that govern every TLFFRA plan.
Created and governed by the Texas Local Fire Fighters Retirement Act (Texas Civil Statutes, Article 6243e), with fiduciary standards drawn from Texas Government Code Chapter 802. The Act provides general guidelines and a few investment restrictions, but leaves administration, plan design, contributions, and specific investments to each system's local board.
Each system has a seven-member board of trustees typically comprising three elected firefighters, two citizen members elected by the membership, the mayor or appointee, and the city's chief financial officer or designee. The board sets investment policy, approves benefit changes, and appoints service providers.
TLFFRA systems are entirely locally funded. Member contributions are usually a fixed percentage of pay; city contributions are set by ordinance, by collective bargaining, or by an actuarial determination. The state does not contribute to or guarantee benefits.
The annual financial report, membership report, and investment returns and assumptions report (PRB-1000) are due within 211 days of fiscal year end, per Texas Government Code Section 802.108. Plan registration changes are reported on form PRB-150 within 30 days of any change. Actuarial valuations occur at least every three years.
Under the PRB Minimum Educational Training (MET) Program rules effective January 1, 2025, trustees and administrators must complete at least seven credit hours of core content training within their first year of service, plus at least two credit hours of continuing education each calendar year thereafter.
Under Texas Government Code §§ 802.2015 and 802.2016, a public retirement system whose effective amortization period exceeds 30 years (or whose funded ratio drops below 65% with a non-conforming amortization period) must jointly adopt with its sponsoring city a Funding Soundness Restoration Plan (FSRP) to bring the system back into compliance within 30 years.
The Texas Association of Public Employee Retirement Systems (TEXPERS) is a statewide nonprofit educational association organized in 1989 to serve trustees, administrators, professional service providers, and employee groups engaged in the management of Texas public employee retirement systems. Its eleven-member Board of Directors is elected from the broader TEXPERS membership and includes representatives from large municipal systems, the Dallas Area Rapid Transit plan, and (notably for this guide) two TLFFRA fund trustees: Kolby Beckham (Longview FRRF) and Paul Brown (Big Spring FRRF, a former TEXPERS President).
TEXPERS operates from a small Austin staff that handles education, communications, conference logistics, and member services.