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Jun 15, 2022 · Related development

Board approves the December 31, 2021 valuation

The board approved the 2021 actuarial valuation presented by Rudd and Wisdom. The Texas Comptroller's pension data for that valuation lists an actuarial funded ratio of 111.31%, a market funded ratio of 94.78%, an amortization period of 6 years and a 7.50% assumed return.^[1]^[2]

What the sources say

✓ Verified
For the valuation effective December 31, 2021, the Comptroller's data lists an actuarial value of assets of $262,228,770, a market value of $219,849,119, an actuarial funded ratio of 111.31%, a market funded ratio of 94.78%, an amortization period of 6 years and an unfunded liability of $12,112,114. ^[2]
Actuarial funded ratio
111.31%
Market funded ratio
94.78%
Amortization years
6

Sources

1.Amarillo Firemen's Relief and Retirement Fund Board of Trustees minutes, June 15, 2022 — Amarillo Firemen's Relief and Retirement Fund Board of Trustees (via City of Amarillo CivicClerk), Jul 20, 2022 · retrieved Oct 22, 2026primarySubject-authoredPublished date is the approval date: approved at the meeting of July 20, 2022. Scanned minutes (OCR). 2021 actuarial valuation approved.
2.Amarillo Firemens Relief & Retirement Fund (Texas Comptroller pension search) — Texas Comptroller of Public Accounts · retrieved Oct 22, 2026datasetIndependentActuarial valuation effective 12/31/2021: actuarial value of assets $262,228,770, market value $219,849,119, actuarial funded ratio 111.31%, market funded ratio 94.78%, amortization period 6 years, unfunded liability $12,112,114, assumed return 7.50%. The page's contribution-rate block appears garbled (employee 34.82%, total 20.82%) and is not used.