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City of Orange Firemen's Relief & Retirement Fund
The City of Orange Firemen's Relief & Retirement Fund operates as a defined-benefit pension plan for firefighters employed by the City of Orange, Texas.
City of Orange Firemen's Relief & Retirement Fund
The City of Orange Firemen's Relief & Retirement Fund operates as a defined-benefit pension plan for firefighters employed by the City of Orange, Texas. The City sponsors the fund and provides matching contributions, while a seven-member board — chaired by Donald Gravett and anchored by Secretary/Treasurer Cheryl Zeto — oversees agendas, minutes, and fiduciary duties. The board includes Vice Chairman Jason Maddox and trustees David Frenzel, Jordan Bennett, Walter Riedel, and Sarah Hunter. Capital is deployed across a three-bucket structure: an equity portfolio, a fixed-income portfolio, and cash and cash equivalents. No direct real estate, private credit, or alternative-asset exposure is disclosed through the City's public records. The fund's geographic footprint is confined to the domestic US market, with no known international allocation. The board's investment posture is guided by Texas state pension regulations and active participation in TEXPERS, the industry association representing over 75 Texas public employee retirement systems. No total asset value or annual deployment figure is publicly reported. The fund does not maintain a standalone website or publish an annual investment report, operating instead through the municipal website of the City of Orange. The board participates in Texas Pension Review Board regulatory filings and sends delegates to TEXPERS conferences, though no specific conference attendance records or investment consultant relationships were identified. The fund's last verifiable operational event was the standard cycle of board meetings posted on the City's public calendar. The structural differentiator is governance, not asset size. Unlike pooled state funds or larger city plans, this plan's architecture places all investment authority within a volunteer board of trustees who are firefighter and city representatives — a model that prioritizes local accountability but limits institutional investment infrastructure and dedicated investment staff.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Orange
Corporate office
Orange, TX, United States
Principals
Donald Gravett
Chairman of the Board of Trustees
Jason Maddox
Vice Chairman of the Board of Trustees
Cheryl Zeto
Secretary/Treasurer of the Board of Trustees
David Frenzel
Trustee
Jordan Bennett
Trustee
Walter Riedel
Trustee
Sarah Hunter
Trustee
Sector focus
Frequently asked questions
Who runs investment decisions at the City of Orange Firemen's Relief & Retirement Fund?
A seven-member board of trustees holds fiduciary authority. Chairman Donald Gravett and Vice Chairman Jason Maddox lead the board, with Cheryl Zeto serving as Secretary/Treasurer. Four additional trustees — David Frenzel, Jordan Bennett, Walter Riedel, and Sarah Hunter — complete the voting body. No dedicated investment staff or external chief investment officer has been disclosed.
How does the fund participate in the broader Texas public pension community?
The fund is an active member of TEXPERS, the Texas Association of Public Employee Retirement Systems. Through TEXPERS, board delegates attend conferences and training sessions focused on fiduciary education, legislative updates, and investment-trustee continuing education. The fund also reports to the Texas Pension Review Board, the state regulatory body overseeing Texas public pension plans.
Does the City of Orange Firemen's Relief & Retirement Fund invest in private markets or alternatives?
No allocation to real estate, private equity, private credit, or hedge funds is disclosed in public records. The fund's reported holdings are limited to an equity portfolio, a fixed-income portfolio, and cash and cash equivalents. The absence of alternative-asset exposure is consistent with the conservative liquidity profile of a municipal firefighter relief and retirement fund of this size.
Is the fund's AUM publicly available?
No. The City of Orange Firemen's Relief & Retirement Fund does not publish an annual financial summary or disclose assets under management on the City of Orange website. No figure has been reported by trade publications or state regulatory disclosures. The AUM remains undisclosed.
How is the fund governed relative to other Texas municipal pensions?
The board is composed of firefighter representatives and city-appointed trustees, a common governance model under Texas Local Fire Fighters Retirement Act (TLFFRA) plans. This statute governs over 50 local firefighter pension funds in Texas and mandates local board control rather than centralized state management. The Orange board operates within this statutory framework, with agendas and minutes posted through the City of Orange's public meeting portal.
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