# Port Arthur Firemen's Relief & Retirement Fund

Port Arthur Firemen's Relief & Retirement Fund is a Pension Fund based in Port Arthur, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Port Arthur, United States
- **Region:** North America
- **Address:** Port Arthur, TX, United States
- **Assets under management:** $50M – $100M (Altss estimate)
- **Website:** portarthurfirepension.com

## Regulatory record

- **Reports private funds:** No

## About

The Port Arthur Firemen's Relief & Retirement Fund was established under the Texas Local Fire Fighters Retirement Act (TLFFRA), a statutory framework governing firefighter pensions in the state. The fund provides retirement and relief benefits to firefighters in Port Arthur, Texas, and is administered by a board that includes ex-officio trustees drawn from city leadership. Mayor Thurman Bartie and Finance Director Krystal Hopson serve in those trustee roles, linking fund governance directly to municipal government. The fund maintains transparency through publicly posted agendas, minutes, and compliance with the Texas Pension Review Board's requirements. The fund's investment portfolio spans multiple asset classes, including direct commercial real estate holdings, commodities exposure, and a broadly structured investment portfolio managed under the board's prudent stewardship. Its geographic focus remains rooted in Texas, consistent with the municipal origination of its assets and the local nature of its beneficiary base. The fund participates in the Texas Association of Public Employee Retirement Systems (TEXPERS), a statewide network for public pension funds, where it gains access to educational resources and peer benchmarking. With an estimated $60 million in assets, the fund operates at a modest scale relative to large state systems, which limits staffing depth but permits a relatively uncomplicated asset allocation. No recent vehicle launches or major structural transactions have been publicly reported. The Texas Pension Review Board provides ongoing regulatory oversight, ensuring the fund meets statutory funding and governance standards. The fund's structural differentiator lies in its governance design: TLFFRA mandates that the mayor and finance director of Port Arthur sit as trustees, fusing city hall accountability with fiduciary duty. This arrangement reduces the insulation between municipal politics and pension management, a feature that distinguishes it from independent board-run public funds.

## Sectors

- Real Estate
- Commodities

## People

- Thurman Bartie — Ex-officio Trustee (Mayor of Port Arthur)
- Krystal Hopson — Ex-officio Trustee (Finance Director of Port Arthur)

## Questions

### Who oversees investment decisions at the Port Arthur Firemen's Relief & Retirement Fund?

The fund is governed by a board of trustees that includes ex-officio members Thurman Bartie, the Mayor of Port Arthur, and Krystal Hopson, the city's Finance Director. This structure, mandated by the Texas Local Fire Fighters Retirement Act, directly integrates senior municipal officials into fiduciary oversight. The board is responsible for the prudent management of system assets.

### What is the fund's relationship with Texas state oversight bodies?

The fund operates under the statutory framework of the Texas Local Fire Fighters Retirement Act and reports to the Texas Pension Review Board. The Pension Review Board monitors compliance with state requirements, and the fund publishes required documentation including agendas, meeting minutes, and policy filings. This dual-level oversight is standard for municipal firefighter pensions in Texas.

### What asset classes does the fund invest in?

The fund's portfolio includes direct commercial real estate holdings and commodities exposure, alongside a broader investment allocation. The specific mix of public equities, fixed income, and alternative investments is not publicly disclosed beyond these identified components. Real estate and commodities indicate a deliberate allocation to real assets within a municipal pension frame.

### Does the fund participate in any pension system industry groups?

Yes, the fund is a member and regular participant in the Texas Association of Public Employee Retirement Systems (TEXPERS). TEXPERS provides a forum for advocacy, education, and peer exchange among Texas public pension funds. Participation in TEXPERS offers smaller funds like Port Arthur access to investment and governance best practices.

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

Canonical page: https://altss.com/profile/port-arthur-firemens-retirement-fund

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