Forum countdown loadingFund Guide
Back to Fund Guide
PRB Fund Profile | TLFFRA Fire

Odessa Firemen's Relief & Retirement Fund

A public PRB/SB 322 snapshot for Summer Forum preparation. The visible data below comes from PRB public sources only. Paid dashboard fields are intentionally blurred and locked.

#36 of 100 by AUM Under $100M FYE December 31, 2024 PRB plan #263
Assets $59M #36 of 100 by AUM
Funded ratio 38.0% Latest PRB/SB 322 public value
10Y return 6.74% Assumption 7.00%
Members 418 229 active / 189 annuitants
Investment expense 0.84% % of assets, SB 322
Free data boundary

Published by Simpli-FI Events, using public PRB data.

This page is an event companion profile built from public regulatory data for Summer Forum planning and source review.

No financial advice. Nothing here is investment, actuarial, legal, fiduciary, procurement, provider-selection, or financial advice. Verify current source documents before formal decisions.

Returns and assumptions

Reported performance

1-year return
8.83%
3-year return
1.70%
10-year return
6.74%
Return assumption
7.00%
10Y vs assumption
-0.26 pts

Returns are net-of-fees as reported to the Texas Pension Review Board in the SB 322 Investment Data Report.

Asset allocation

Portfolio composition

Asset classAllocationClass expense
Real Assets 19.06% 0.41%
Fixed Income 8.59% 0.05%
Equities 62.05% 0.25%
Cash 2.64% 0.00%
Alternative Investments 5.44% 0.00%

Displayed percentages are the reported SB 322 allocation rows. The bar normalizes visible categories when rounding or blank rows make totals differ from 100%.

Investment expense breakdown

SB 322 expense categories

Total investment expense
0.84%
Total direct + indirect
0.71%
Audit investment expense
0.53%

Service-level detail

Service category% of assets
Investment consultant 0.10%
Custodial 0.03%
Legal 0.00%
Research 0.00%
Other 0.00%
Total services 0.12%

The PRB services line is an expense category, not a firm-name field. Provider names stay locked unless a source-backed public record exists in the off-site Simpli-FI Signal Desk workspace.

Benefits and membership

PRB public plan detail

Active members
229
Annuitants
189
Employee contribution
16.00%
Employer contribution
26.01%
Contribution type
Actuarial
Social Security
Yes

Tier 1

Tier 1 Eligible Members
Hired before 1/1/2017
Age/YCS
Post 2016 benefit: 55/25
Benefit Formula
Frozen Benefit: Final Average Salary x 3.6% x YCS as of 12/31/2016, 20 as of 12/31/2016 + supplemental benefit ($500 month for reaching 50/20 as of 12/31/2016) Service Retirement Benefit: Final Average Salary x 2.88% x YCS after 12/31/2016, <=25
Final Average Salary
For benefits accrued before 1/1/2017: Highest 5 years within final 10 years as of 12/31/2016 For benefits accrued on/after 1/1/2017:Final 5 years
COLA 1% applied to frozen benefit only for members hired prior to 1/31/2013, payable each January 1. ad hoc for members who do not meet requirements for automatic COLA, 1% of monthly frozen benefit provided the Fund's investment performance is not less than a rolling 5-year average of 8.50%. DROP/PROP Provisions
3 DROP Options, must have completed 20 yeas of credited service as of 12/31/2016 for eligibility once they achieve age 50: 1. Regular DROP, 3 yr. max. 4% interest (on benefit credits only) and employee contributions credited (only for members in DROP before 1/1/2017). 2. Retro DROP, 3 yr. max. Employee contributions credited, no interest. 3. Immediate DROP - a partial lump sum option, with no interest.

Tier 2

Tier 2 Eligible Members
Hired on/after 1/1/2017
Age/YCS
55/25
Benefit Formula
Final Average Salary x 2.88% x Years of Credited Service, <=25
Final Average Salary
Highest 60 months
COLA None DROP/PROP Provisions
None
Paid dashboard preview

What stays locked in the free forum guide

Provider relationships Service provider database Consultants, custodians, managers, counsel, actuaries, auditors, source links, and relationship notes where verified. Learn about Signal Desk Governance graph Board, staff, and relationship context Named fiduciaries, leadership changes, board composition, meeting-source links, and relationship history when source-backed. Learn about Signal Desk Research ledger Disclosures and historical return library Source-file history, Investment Practices and Performance Evaluation notes, return methodology, and follow-up workflow. Learn about Signal Desk