# Delray Beach Firefighters' Retirement System

Delray Beach Firefighters' Retirement System is a Pension Fund based in Delray Beach, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Delray Beach, United States
- **Region:** North America
- **Address:** Delray Beach, FL, United States
- **Assets under management:** Undisclosed
- **Website:** dbfrs.org

## Regulatory record

- **Reports private funds:** No

## About

Delray Beach Firefighters' Retirement System is a US-based pension plan serving full-time Delray Beach firefighters. It invests primarily in Private Equity, Real Estate, and Private Debt. Portfolio focus includes business services within Private Equity.

## Sectors

- Real Estate
- Private Credit
- Infrastructure
- Timber
- Hedge Funds

## Questions

### Is the Delray Beach Firefighters' Retirement System a stand-alone pension fund or part of a larger city plan?

It is a stand-alone, single-employer pension fund established under Chapter 175 of the Florida Statutes, covering only sworn firefighters employed by the City of Delray Beach. City general employees participate in a separate retirement plan. The firefighter plan has its own board of trustees, actuarial valuation, and investment policy.

### What role does IAFF Local 1842 play in overseeing the retirement system?

Local 1842, the union representing Delray Beach firefighters, elects one member of the Board of Trustees under the statutory governance structure. This trustee participates in all investment, actuarial, and administrative decisions alongside the mayoral appointees, ensuring labor representation in the fiduciary chain.

### What is the known funding status of the plan?

Recent public actuarial valuations have shown a funded ratio below 80%, which classifies the plan as underfunded by typical municipal pension standards. The shortfall has driven the board to increase allocations to private-market assets — real estate, credit, and infrastructure — seeking higher expected returns over a long-duration horizon.

## Related profiles

- [Dell Family Office (DFO)](https://altss.com/profile/dell-family-office-dfo)
- [Delray Beach Police, Firefighters', and Paramedics' Benefit Fund](https://altss.com/profile/delray-beach-police-firefighters-and-paramedics-benefit-fund)

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

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