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2019 valuation puts the amortization period at 38.1 years with higher contributions from both sides
The fund's actuaries, Rudd and Wisdom, presented the December 31, 2019 valuation and their study of the rate-of-return assumption. They said the amortization period decreased to 38.1 years with a 0.5% increase in the contribution rate by both the firefighters and the City effective January 1, 2021 and January 1, 2022. The board approved the valuation unanimously.[1]
What the sources say
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Rudd and Wisdom, Inc. (fund actuaries): The actuaries explained that the amortization period decreased to 38.1 years with the 0.5% increase of the contribution rate by both the firefighters and the City effective January 1, 2021 and January 1, 2022. [1]
- Amortization years
- 38.1
- ✓ Verified
The minutes do not record the contribution rates before or after the increases or the funded ratio in the 2019 valuation. [1]
- ✓ Verified
The Texas Pension Review Board's plan data, undated as displayed in October 2026, lists a fixed employee contribution rate of 14.00% and an employer rate of 20.82%. [2]
- Employee rate
- 14%
- Employer rate
- 20.82%
