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San Angelo Firemen's Relief & Retirement Fund
The San Angelo Firemen's Relief & Retirement Fund was established under the Texas Local Fire Fighters Retirement Act (TLFFRA), which authorizes individual...
San Angelo Firemen's Relief & Retirement Fund
The San Angelo Firemen's Relief & Retirement Fund was established under the Texas Local Fire Fighters Retirement Act (TLFFRA), which authorizes individual municipal firefighter pension systems across the state. Governed by a local board of trustees, the fund draws employer contributions from the City of San Angelo and manages retirement assets for the city's active and retired firefighters. Its board composition reflects the TLFFRA model: a city finance director, a mayoral designee, and elected active firefighters share fiduciary oversight. The fund maintains a diversified institutional portfolio across public equities, fixed income, and real estate, consistent with the prudent-investor framework mandated for Texas public pension systems. While the fund does not publicly disclose a detailed asset allocation, its investment posture reflects a typical municipal pension approach — balancing growth-seeking equity exposure with income-generating fixed income to meet actuarial return assumptions. The board also retains authority to evaluate alternative investments, including private equity and real assets, as permitted under TLFFRA guidelines. The plan is administered by a dedicated system administrator, Gary Myers, who oversees day-to-day operations including benefit calculations, member services, and coordination with the City of San Angelo for employer contribution processing. The City of San Angelo acts as the plan sponsor, remitting the municipality's required contributions on behalf of its fire department employees. The fund operates without a separate professional investment staff, relying on its trustee board and, presumably, external investment consultants or OCIO services for portfolio construction and manager selection — a structure common among smaller municipal pension plans in Texas. The fund's defining structural feature is its authorization under TLFFRA rather than the Texas Municipal Retirement System or the Texas County & District Retirement System. This gives the San Angelo board independent governance and the flexibility to tailor investment policy and benefit structures specifically to its firefighter membership — a level of local control unavailable to the broader city workforce.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
San Angelo
Corporate office
San Angelo, TX, United States
Principals
Tina Dierschke
Board Trustee (CFO/Finance Director of San Angelo)
Brian Dunn
Board Trustee (Mayor Designee)
Gary Myers
System Administrator
Cory Word
Board Trustee (Active Firefighter)
John Sanchez
Board Trustee (Active Firefighter)
Sector focus
Frequently asked questions
Who governs the San Angelo Firemen's Relief & Retirement Fund?
A local board of trustees governs the fund, composed of both city officials and active firefighters. The board includes a mayoral designee, the city's CFO/finance director, and elected active firefighter trustees. This mixed composition is standard under the Texas Local Fire Fighters Retirement Act, ensuring both municipal and member representation in fiduciary decisions.
What is the Texas Local Fire Fighters Retirement Act (TLFFRA)?
The TLFFRA is the statutory framework under Texas law that authorizes individual municipal fire departments to establish independently governed pension systems. Unlike firefighters covered by the statewide Texas Emergency Services Retirement System, TLFFRA plans are locally controlled with their own boards, benefit structures, and investment policies. San Angelo is one of several Texas cities operating a firefighter pension plan under this act.
Does the fund use external investment consultants or an OCIO?
The fund does not publicly disclose its investment advisory relationships, but its trustee-governed structure and modest estimated portfolio of approximately $69 million suggest it likely engages external consultants or an outsourced chief investment officer for portfolio construction and manager due diligence. This is common practice among smaller Texas municipal pension plans without dedicated internal investment teams.
How are contributions to the fund determined?
Employer contributions are remitted by the City of San Angelo as the plan sponsor, while member contributions, if required, are set by the local board under TLFFRA authority. The specific contribution rates and whether the city operates under a state-mandated or locally negotiated funding policy are not publicly disclosed in accessible records.
Is the fund part of the Texas Municipal Retirement System?
No. The San Angelo Firemen's Relief & Retirement Fund operates independently under TLFFRA, separate from the Texas Municipal Retirement System, the Texas County & District Retirement System, and the Texas Emergency Services Retirement System. This independence gives the local board sole authority over investment policy and benefit design for San Angelo firefighters.
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