# City of Laredo (Texas) Firefighters’ Retirement System

City of Laredo (Texas) Firefighters’ Retirement System is a Pension Fund based in Laredo, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Laredo, United States
- **Region:** North America
- **Address:** Laredo, TX, United States
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

The City of Laredo (Texas) Firefighters' Retirement System operates as a statutory pension fund under the Texas Local Fire Fighters Retirement Act (TLFFRA), the 1937 state law that established a defined-benefit framework for municipal fire departments. The fund is administered by Jaime Jasso, with board oversight that includes recent trustee-elect Oscar Delgado, confirmed in January 2024. As a TLFFRA-governed plan, the system is not managed as a single-family or corporate entity but as a public trust accountable to Laredo's career firefighters and their beneficiaries. The system's investment program spans multiple private-market asset classes. The fund participates actively in the Texas Association of Public Employee Retirement Systems (TEXPERS) and the National Conference on Public Employee Retirement Systems (NCPERS), industry bodies that provide continuing education and policy advocacy for public safety pension administrators. The system also retains FEG Investment Advisors as its outsourced investment consultant, with Senior Vice President Alan Bergin serving as the primary business partner to the board. In January 2024, the board seated Oscar Delgado as trustee-elect, signaling continued governance refreshment within the five-member or similar board structure typical of TLFFRA plans. What distinguishes the Laredo firefighter pension structurally is its charter under TLFFRA rather than the larger Texas Municipal Retirement System (TMRS) or the Texas County and District Retirement System (TCDRS). This means the Laredo firefighters' plan operates with separate board governance and an independent investment policy, unpooled from other city employees. The arrangement creates a narrower liability profile — benefits are tied exclusively to active and retired Laredo firefighters — and a smaller denominator, which makes each private-markets commitment more consequential to total portfolio performance than it would be inside a consolidated statewide pool.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Buyout

## People

- Jaime Jasso — Pension Administrator
- Oscar Delgado — Trustee-Elect

## Questions

### Who oversees investment decisions for the Laredo Firefighters' Retirement System?

The system's board of trustees has fiduciary authority over investment policy. Day-to-day administration is led by Pension Administrator Jaime Jasso. The board engages FEG Investment Advisors as its outsourced investment consultant, with Senior Vice President Alan Bergin serving as the primary consultant to the plan. Board composition is governed by Texas Local Fire Fighters Retirement Act (TLFFRA) statutes.

### What is the fund's relationship to the City of Laredo's municipal budget?

The firefighters' pension is an independent statutory trust, not a line item in the City of Laredo's general fund. Employer contributions are set by TLFFRA formula and negotiated through the collective bargaining process with the city. The plan's assets are held separately from the city's treasury and are not available for municipal operations.

### How does the TLFFRA framework differ from the Texas Municipal Retirement System?

TMRS is a statewide, agent multiple-employer system pooling assets across hundreds of Texas cities. TLFFRA-governed firefighter plans like Laredo's remain locally controlled, with each municipality's firefighter board setting investment policy, selecting consultants, and hiring money managers independently. This means the Laredo board retains direct authority over asset allocation rather than delegating to a state-level investment committee.

### Which industry associations does the pension system participate in?

The fund is an active member of TEXPERS (Texas Association of Public Employee Retirement Systems), TLFFRA (Texas Local Fire Fighters Retirement Act association), and NCPERS (National Conference on Public Employee Retirement Systems). These memberships provide trustee education, legislative advocacy, and networking opportunities for public safety pension administrators.

## Related profiles

- [City of Lakewood (Colo.) Deferred Compensation Plans](https://altss.com/profile/city-of-lakewood-colo-deferred-compensation-plans)
- [City of Lauderhill Confidential and Managerial Retirement Plan](https://altss.com/profile/city-of-lauderhill-confidential-and-managerial-retirement-plan)

---

Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/city-of-laredo-texas-firefighters-retirement-system

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology