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Jul 15, 2020 · Origin

Firefighters vote 191-5 for contribution increases recommended with the 2019 valuation

In June 2020 the board voted to take the actuarial valuation to the membership for a vote on incremental increases. Meetings were held at each fire station; of 269 eligible members, 196 voted, 191 for "Proposed Plan 1" and 5 for the present plan. The board accepted the canvass on July 15, 2020.^[1]^[2]

What the sources say

✓ Verified
On June 17, 2020 the board voted unanimously "to take the Actuarial Valuation to the membership and vote on the incremental increases," and planned to canvass votes on contribution rate changes in July. ^[1]
✓ Verified
Of 269 members eligible to vote, 196 voted: 191 for Proposed Plan 1 and 5 for the present plan. The board approved the canvass unanimously. ^[2]
Votes for
191
Votes against
5
✓ Verified
The City's finance staff reported the fund's total market value at $193,593,028.87 on December 31, 2019, with 75.42% in stock, 17.72% in bonds and 6.86% in cash. Monthly reports through 2026 noted that employee and employer contributions were made on time and at the correct percentages. ^[3]
Market value
$193,593,029

Sources

1.Amarillo Firemen's Relief and Retirement Fund Board of Trustees minutes, June 17, 2020 — Amarillo Firemen's Relief and Retirement Fund Board of Trustees (via City of Amarillo CivicClerk), Jul 15, 2020 · retrieved Oct 22, 2026primarySubject-authoredPublished date is the approval date: approved at the meeting of July 15, 2020. Scanned minutes (OCR). Board votes to take the actuarial valuation to the membership for a vote on incremental contribution increases.
2.Amarillo Firemen's Relief and Retirement Fund Board of Trustees minutes, July 15, 2020 — Amarillo Firemen's Relief and Retirement Fund Board of Trustees (via City of Amarillo CivicClerk), Aug 19, 2020 · retrieved Oct 22, 2026primarySubject-authoredPublished date is the approval date: approved at the meeting of August 19, 2020. Scanned minutes (OCR). Canvass of the member vote: 269 eligible, 196 voted; Proposed Plan 1, 191; Present Plan, 5.
3.Amarillo Firemen's Relief and Retirement Fund Board of Trustees minutes, January 15, 2020 — Amarillo Firemen's Relief and Retirement Fund Board of Trustees (via City of Amarillo CivicClerk), Feb 19, 2020 · retrieved Oct 22, 2026primarySubject-authoredPublished date is the approval date: approved at the meeting of February 19, 2020. Total market value of $193,593,028.87 at December 31, 2019; 6.86% cash, 17.72% bonds, 75.42% stock.