Weslaco Firemen's Relief & Retirement Fund

Weslaco Firemen's Relief & Retirement Fund

Weslaco Firemen's Relief & Retirement Fund operates as a single-employer defined benefit plan for the firefighters of the City of Weslaco, Texas. The plan's Board of Trustees blends direct city oversight — through the mayor's and CFO's designees — with three active firefighter representatives and two citizen members. This governance structure reflects Texas statute for local public safety retirement systems. The fund's investment policy divides assets across three major sleeves: a public equity portfolio, a fixed-income allocation, and an alternative investments bucket. Specific target allocations or external managers are not publicly disclosed. The plan is subject to standard public pension reporting through the Texas Pension Review Board, and it participates in TEXPERS asset allocation and performance surveys alongside larger municipal systems in the state. Plan documents and audited financial statements — the most recent posted being the 9/30/2021 audit — are available through the fund's website, though the current actuarial valuation and detailed investment holdings are not published there. The fund communicates primarily through its site and designated administrator email, with board agendas and minutes posted for public review. What distinguishes the Weslaco fund structurally is its complete integration with the city government it serves. The board includes both active-duty plan members and direct city fiscal officers, making the pension's governance an extension of municipal administration rather than an autonomous fiduciary entity. This design puts long-term benefit security and city budgeting in constant, direct alignment.