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Greenville Firemen's Relief and Retirement
Greenville Firemen's Relief and Retirement: ~$18M (Altss est.) locally funded pension for Greenville, TX firefighters, established 1941 under TLFFRA.
Greenville Firemen's Relief and Retirement
Greenville Firemen's Relief and Retirement was established in 1941 under the Texas Local Fire Fighters Retirement Act (TLFFRA). The fund serves as the retirement vehicle for firefighters employed by the City of Greenville, Texas. All contributions and plan design elements originate locally, managed by a board of trustees that includes the city's Finance Director, Summer Spurlock. The fund pursues a conservative public-pension strategy appropriate for its scale. While the specific asset-class mix is not publicly detailed, the portfolio is managed entirely at the local level with oversight from the Texas Pension Review Board (PRB), which monitors actuarial soundness across all Texas public retirement systems. The fund's membership in the Texas Association of Public Employee Retirement Systems (TEXPERS) provides access to educational resources and legislative advisory services tailored to small-scale Texas pension plans. The board of trustees, which includes city finance officials, administers all plan functions without additional professional investment staff. The fund participates in TEXPERS, an association that supports public employee retirement systems across Texas through advocacy and education, helping smaller funds navigate regulatory and investment challenges. No separate philanthropic vehicles or club memberships are affiliated with the pension. As a single-employer plan fully funded by the City of Greenville and its firefighters, the fund's structural differentiator is its extreme localization. Unlike blended or statewide firefighter retirement systems, this fund's liabilities and assets are entirely contained within one municipality, making its health a direct reflection of Greenville's fiscal stewardship and the board's adherence to TLFFRA mandates.
General information
Firm type
Pension Fund
Year founded
1941
AUM
~$18M (Altss estimate)
Location
Region
North America
Country
United States
City
Greenville
Corporate office
Greenville, TX, United States
Principals
Summer Spurlock
Finance Director, City of Greenville and Member, Board of Trustees
Frequently asked questions
Who runs investment decisions at Greenville Firemen's Relief and Retirement?
A local board of trustees governs all aspects of the fund, including investments, administration, and plan design. Summer Spurlock, the City of Greenville's Finance Director, is a named member of that board. The fund does not employ a separate chief investment officer or dedicated investment staff.
What is the fund's relationship with the City of Greenville?
The City of Greenville is the municipal sponsor, providing employer contributions and administrative support. The fund is entirely locally funded, and its liabilities are directly tied to Greenville's firefighters. The city's finance director sits on the board of trustees, underscoring the deep operational integration between the municipality and the pension.
How does the fund source investment opportunities?
The fund's board of trustees directly manages the portfolio. With assets estimated at roughly $18 million, investment operations are likely conservative, focusing on publicly traded securities and fixed-income instruments consistent with a small municipal pension. The Texas Pension Review Board provides oversight but not direct sourcing.
Is the fund structured under any specific Texas legislation?
Yes, the fund operates under the Texas Local Fire Fighters Retirement Act (TLFFRA). This act provides the statutory framework for locally funded firefighter pensions across Texas, allowing each municipality to establish and manage its own retirement system.
What regulatory body oversees the fund's financial health?
The Texas Pension Review Board (PRB) monitors the actuarial soundness of the fund. The PRB is a state oversight agency that reviews all Texas public retirement systems to ensure they meet their obligations. The fund is also a member of the Texas Association of Public Employee Retirement Systems (TEXPERS), which provides educational and legislative advisory support.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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