# City of Irving Supplemental Benefit Plan

City of Irving Supplemental Benefit Plan is a Pension Fund based in Irving, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Irving, United States
- **Region:** North America
- **Address:** Irving, TX, United States
- **Founded:** 1984
- **Assets under management:** $100M–$250M (Altss estimate)
- **Website:** irvingtx.gov

## Regulatory record

- **Reports private funds:** No

## About

The City of Irving Supplemental Benefit Plan was established on March 1, 1984, following the city's withdrawal from the federal Social Security system. The plan functions as a contributory defined benefit pension, providing retirement, disability, and death benefits exclusively to Government and Police employees who are also members of the Texas Municipal Retirement System. The board includes the city's CFO, HR director, and city attorney, embedding municipal oversight directly into fiduciary governance. The plan deploys capital across a traditional public pension portfolio including public equities, fixed income, real estate, infrastructure, and private equity. The investment portfolio is reported as a single asset pool under the plan's governance, with allocations managed through external managers and consultants typical of a municipal plan of this scale. The plan is subject to oversight by the Texas Pension Review Board, the state agency mandated to monitor all Texas public employee retirement systems. Total assets are estimated at roughly $120 million, a figure derived from public filings and municipal financial reporting. The board comprises seven trustees with staggered terms, chaired by Andrew Bah, with city council liaison Al Zapanta providing a direct line to Irving's legislative body. The plan does not operate additional offices or affiliated philanthropic vehicles, functioning strictly as a municipal employee benefit trust. The plan's architecture is structurally tied to TMRS, meaning it cannot be analyzed as a standalone closed system — it supplements, rather than replaces, the state-administered retirement benefit. This layered design makes the plan's liability profile a function of both its own portfolio performance and the actuarial health of TMRS itself, a dual-dependency uncommon among municipal supplemental plans in other states.

## Sectors

- Public Equities
- Fixed Income
- Real Estate
- Infrastructure
- Private Equity

## People

- Andrew Bah — Board Chairman
- Ebony Roundtree — Vice Board Chairman
- Bret Starr — Board Trustee, CFO City of Irving
- Nyle Boyd — Board Trustee, HR Director City of Irving
- Kuruvilla Oommen — Board Trustee, City Attorney
- Steve Pettit — Board Trustee
- James Donovan — Board Trustee
- Crystal Segovia — Board Trustee

## Questions

### How is the City of Irving Supplemental Benefit Plan related to the Texas Municipal Retirement System?

The Supplemental Benefit Plan was created specifically to supplement retirement benefits for City of Irving employees who are already members of TMRS. It does not replace TMRS but adds a second layer of defined benefit coverage. This means a plan participant's total retirement income depends on the performance and funding status of both entities.

### Why was the City of Irving Supplemental Benefit Plan created?

The plan was established on March 1, 1984, after the City of Irving elected to withdraw from the federal Social Security system. Rather than leave employees without a replacement for Social Security's defined benefit structure, the city created the SBP to provide comparable supplemental retirement, disability, and death benefits.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/city-of-irving-supplemental-benefit-plan

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