# Texas City Firemen's Relief & Retirement Fund

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

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Texas City, United States
- **Region:** North America
- **Address:** Texas City, TX, United States
- **Assets under management:** $10M-$50M (Altss estimate)
- **Website:** www.texas-city-tx.org

## Regulatory record

- **Reports private funds:** No

## About

The Texas City Firemen's Relief & Retirement Fund operates under a specific Texas statute, the TLFFRA, which allows municipal fire departments to establish independent retirement systems governed by a local board of trustees. Chairman Royce Medina leads a board that includes Vice-Chairman Andrew Marcellus, Secretary Jennifer Price, Mayor Dedrick Johnson, and trustees Andrew Blue, Joe Tumbleson, and Bob Senter. The City of Texas City sponsors the plan, providing employer contributions and administrative support. The fund's small asset base puts it in a peer group of hyper-local pension plans that often rely heavily on consultant relationships and pooled investment vehicles to access institutional-quality strategies. The fund allocates across three traditional sleeves: a public equity portfolio, a fixed income portfolio, and an alternatives portfolio. The fund is a member of TEXPERS, the Texas Association of Public Employee Retirement Systems, which provides educational resources and legislative advocacy for small public plans across the state. (per TEXPERS public member records). Board governance is the central feature of the fund's structure. The board of trustees — composed of both firefighter representatives and municipal officials — sets asset allocation, selects and monitors investment managers, and oversees actuarial assumptions. For a plan of this size, the board's ability to recruit and retain competent investment consultants is typically the binding constraint on portfolio outcomes. Succession risk, as with many small public plans, flows entirely through the board appointment process. Structurally, the fund is a creature of Texas statute, not a standalone entity with an independent investment office. This TLFFRA framework places it among roughly 40 similarly structured firefighter pension plans across Texas, each governed locally but operating under the same state investment guidelines and reporting requirements. The plan's small size means it cannot negotiate fees or terms the way larger state systems can, making its participation in TEXPERS and its consultant selection the two most consequential governance decisions the board makes.

## Sectors

- Public Equity
- Fixed Income
- Alternative Investments

## People

- Royce Medina — Chairman of the Board of Trustees
- Andrew Marcellus — Vice-Chairman of the Board of Trustees
- Jennifer Price — Secretary of the Board of Trustees
- Dedrick Johnson — Mayor of Texas City and Trustee
- Andrew Blue — Trustee
- Joe Tumbleson — Trustee
- Bob Senter — Trustee

## Questions

### How is the Texas City Firemen's Relief & Retirement Fund governed?

The fund is governed by a local Board of Trustees under the Texas Local Fire Fighters Retirement Act (TLFFRA). The board includes Chairman Royce Medina, Vice-Chairman Andrew Marcellus, Secretary Jennifer Price, and Mayor Dedrick Johnson as a trustee. The board has full fiduciary authority over investments, contributions, and benefit administration without state-level pooling or oversight.

### What is the relationship between the fund and the City of Texas City?

The City of Texas City serves as the sponsoring municipality, providing employer contributions and administrative support. Mayor Dedrick Johnson sits on the Board of Trustees, linking city governance directly to the fund's fiduciary oversight. The fund, however, operates as a legally separate entity under TLFFRA, meaning its assets are not commingled with the city's general revenues.

### Does the fund participate in the Texas Municipal Retirement System?

No. The Texas City Firemen's Relief & Retirement Fund is governed exclusively under the Texas Local Fire Fighters Retirement Act, a separate statutory framework from the Texas Municipal Retirement System. TLFFRA-governed funds maintain independent boards and investment authority, unlike TMRS-participating cities whose assets are pooled for investment management.

### How is the fund's long-term sustainability assessed?

Sustainability hinges on the City of Texas City's fiscal health and the plan's independent funded status. Because the fund is locally governed and not part of a state risk pool, its actuarial soundness depends on consistent employer and employee contributions, investment returns, and the municipality's ability to support the plan through economic cycles tied to Gulf Coast petrochemical activity.

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Last updated: 2026-08-11T02:43:31.692Z

Canonical page: https://altss.com/profile/texas-city-firemen-s-relief-retirement-fund

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