Odessa Firemen's Relief and Retirement Fund

Odessa Firemen's Relief and Retirement Fund

The Odessa Firemen's Relief and Retirement Fund provides pension benefits to retired firefighters in Odessa, Texas. The fund operates under the Texas Local Fire Fighters Retirement Act (TLFFRA), a state statute that dictates governance, investment parameters, and administration by a locally appointed board. Eight trustees serve on the board, including Chairman Travis Jones, City of Odessa representative Cindy Muncy, and members Jill Jones, Seth Boles, Bradley Reese, James Marts, John Alvarez, and Dan Jones. The fund participates in the Texas Association of Public Employee Retirement Systems (TEXPERS). Investment strategy combines traditional defined-benefit fixed-income with direct commercial real estate. The fund holds an interest in an American Realty Advisors-managed commercial real estate vehicle, giving it exposure to institutional-quality U.S. property assets. The Texas Comptroller of Public Accounts administers the fund's recordkeeping, and publicly available data aligns with an operational footprint limited to this single real estate commitment alongside more conventional pension allocations. No additional private equity, venture capital, or hedge fund positions are apparent in the fund's public profile. Total fiduciary net position is estimated at roughly $53 million, reflecting the scale of a municipal plan for a single city department. Operations run from Odessa, Texas, with no additional offices indicated. The fund reports through the Comptroller's transparency framework, though the board does not publish an annual investment report or detailed asset-allocation breakdown. Recent disclosures from the Comptroller's office focus on administrative items unrelated to investment activity. The fund's structural distinction lies in its TLFFRA governance. Unlike large state-wide systems, Odessa's board retains local control over investment policy, with the statute providing guardrails rather than centralized asset-management mandates. Board composition mixes firefighter representation with a municipal delegate, and the association with TEXPERS facilitates peer benchmarking and trustee education without pooling assets into a multi-employer trust.