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Irving Firemen's Relief and Retirement Fund (IFRRF)
The Irving Firemen's Relief and Retirement Fund (IFRRF) operates as a public defined-benefit pension for firefighters employed by the City of Irving,...
Irving Firemen's Relief and Retirement Fund (IFRRF)
The Irving Firemen's Relief and Retirement Fund (IFRRF) operates as a public defined-benefit pension for firefighters employed by the City of Irving, Texas. It was established under the Texas Local Fire Fighter Retirement Act (TLFFRA), a state statute governing many municipal firefighter retirement systems in Texas. The City of Irving serves as the sponsoring employer, making ongoing contributions to fund accrued liabilities. Trustees, including Chairman David Florance and City CFO Bret W. Starr, oversee the plan's governance. IFRRF's investment portfolio has historically emphasized income-producing real estate and liquid equities. Known holdings include the Principal U.S. Property Fund and JP Morgan Strategic Property Fund, both core-style commingled real estate vehicles, a mixed-use position through Moriah Group's MREC fund, and common stock in Uber Technologies. The fund's strategy listing is heavily weighted toward secondaries — a conservative posture typical of small public pension plans seeking liquidity and yield in a low-risk framework. Assets under management are not publicly disclosed, and IFRRF has no separate website, LinkedIn presence, or dedicated investment staff. The fund operates with a small board of trustees supported by the Texas Pension Review Board (PRB) for oversight. It participates in the National Conference on Public Employee Retirement Systems (NCPERS) and the Texas Association of Public Employee Retirement Systems (TEXPERS) for benchmarking and industry collaboration. IFRRF's structural differentiator is its embedded regulatory conservatism: TLFFRA mandates strict liability funding schedules and restricts certain alternative investments, making the fund a textbook example of a small public pension that prioritizes benefit security over absolute return maximization. The absence of a dedicated CIO or external investment committee magnifies governance reliance on the board and state oversight.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Irving
Corporate office
Irving, TX, United States
Principals
David Florance
Chairman of the Board of Trustees
Bret W. Starr
Trustee and Chief Financial Officer of the City of Irving
Sector focus
Frequently asked questions
Who runs the Irving Firemen's Relief and Retirement Fund?
David Florance serves as Chairman of the Board of Trustees, the fund's governing body. Bret W. Starr, the City of Irving's CFO, also sits on the board. The fund has no external CIO or dedicated investment staff; investment decisions are made by the trustees and executed through third-party managers.
What investment philosophy does IFRRF follow?
The fund's stated strategy is conservative, with a heavy focus on secondaries, real estate, and common stock. Known holdings include core real estate via Principal U.S. Property Fund and JP Morgan Strategic Property Fund, along with a direct equity position in Uber Technologies. The portfolio appears designed to generate steady cash flows for pension liabilities while limiting exposure to illiquid alternatives.
Is IFRRF a single employer plan or a multi-employer plan?
It is a single-employer plan covering firefighters employed by the City of Irving, Texas. The fund operates under the Texas Local Fire Fighter Retirement Act (TLFFRA), a state statute that covers municipal firefighter retirement systems individually rather than through a shared pool.
Where does the funding for IFRRF come from?
Funding sources include employee contributions from Irving firefighters, employer contributions from the City of Irving, and investment earnings. The fund is subject to actuarial requirements set by the Texas Pension Review Board to ensure long-term solvency.
Does IFRRF invest in hedge funds or private equity?
Based on available information, IFRRF's portfolio is focused on secondaries, real estate, and common stock — there is no public record of direct allocations to hedge funds or traditional private equity. The fund's small size and conservative regulatory framework likely limit exposure to higher-fee, less liquid strategies.
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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