City of Irving Supplemental Benefit Plan

City of Irving Supplemental Benefit Plan

The City of Irving Supplemental Benefit Plan was established in 1984 as a contributory single-employer defined benefit plan covering municipal workers who are also members of the Texas Municipal Retirement System. Andrew Bah serves as Board Chairman, with Ebony Roundtree as Vice Chair, Bret Starr as CFO, and Nyle Boyd directing human resources. The plan provides retirement, disability, and death benefits to police officers and other city employees of Irving, Texas — a Dallas-Fort Worth suburb and corporate hub. The Supplemental Benefit Plan deploys across an unusually broad mandate for a municipal plan of its size. Strategy tags in its investment policy cover buyout funds, early-stage and growth venture capital, secondaries, special situations, timber, and fund-of-funds commitments. The plan also operates a dedicated Alternative Asset Portfolio based in Irving. This multi-strategy posture — blending direct co-investments with traditional fund commitments — gives the plan exposure to private markets alongside its TMRS-linked public-market assets. Geographic concentration follows the broader TMRS footprint, with domestic US exposure dominating the portfolio. The plan operates under the regulatory oversight of the Texas Pension Review Board and functions as a participating employer within the TMRS network. The board includes city finance and HR leadership, with Bret Starr's CFO role bridging municipal budget operations and pension asset management. No dedicated investment staff count is publicly disclosed, and the plan does not maintain separate offices beyond Irving City Hall. Recent public disclosures do not indicate new fund launches or major mandate shifts over the last 24 months. The most distinctive structural feature is the plan's hybrid architecture: it supplements the core TMRS state-administered benefits with a separate locally controlled investment pool. This design allows Irving's board to allocate a portion of pension assets into private markets — venture, buyout, timber, and special situations — that the broader TMRS trust may not access directly. It functions as a satellite portfolio, giving a mid-sized Texas city exposure to asset classes typically reserved for much larger state-level plans or endowed institutions.