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Fund Profile

Laredo Firefighters Retirement System

Laredo FF is a Texas Local Fire Fighters Retirement Act (TLFFRA) plan in Laredo, Webb County. FY2024 PRB filings report $247.9M in assets, placing it in the $100M+ asset band, with a 59.3% funded ratio and 37.1 yr amortization. Provider names below appear only when this build has a source-backed public record.

Plan #220 $100M+ 1 verified provider roles
AUM $247.9M #4 of 42 by assets
Funded 59.3% #29 of 42
Amortization 37.1 yr FY2024 PRB
Expense BPS 25.6 bps Expense rank 2 of 42
Members 680 438 active / 242 annuitants
Benefits and membership

Plan provisions from PRB filing

Active Members
438
Annuitants
242
Employee Contribution
16.00% of pay
Employer Contribution
22.60% of pay
Normal Retirement
50/20
Benefit Formula
3% x FAS x YCS (Max 90%)
Final Average Salary
Highest 3 years
COLA
Ad hoc based on financial condition of the system as determined by the actuary