HFRRF Media:
Task Force Press Release (Click here to view)
Video 1: Houston Firefighters' Pension Fund Chair Speaks with Members. Click on link to view:
http://www.youtube.com/watch?v=I_ze5jjlENs
Video 2: Help Protect the Houston Firefighters' Pension Fund. Click on link to view:
http://www.youtube.com/watch?v=HWagBSjFdFA&feature=related
Press Release - 37.5 Million Reduction in City Contributions Over Next Three Years (Click here to view)
Welcome
The Houston Firefighters’ Relief and Retirement Fund is the pension benefits system for Houston’s firefighters. The Fund has grown in size from a modest pension system founded in 1937 to a fully funded plan with over $2.6 billion in assets. The Fund was administered through the city of Houston until 1988, when the Board of Trustees and City Council moved operations to a separate organization with its own staff and autonomous control.
The Fund, created by state statute, gives the Board of Trustees responsibility for conducting its business. The 10-member board consists of five firefighters, the city treasurer, the mayor or an appointed representative of the mayor, two citizen members elected by the firefighter trustees, and a retiree who is elected by other retirees. The active firefighters trustees represent various ranks in the Houston Fire Department.
The Board hires an executive director, who oversees a staff. The Board develops policy for investments, personnel, and other procedures; sets it own budget; and works with the mayor’s office to develop pension benefits legislation.
Accordingly, the Board has seven committees: Budget and Audit, Corporate Governance, Investment, Legislative, Pension Benefits, Personnel and Procedures, and Memorial Fund. The Investment and Legislative committees consists of the entire Board of Trustees.
The Fund’s membership consists of approximately 3,700 active firefighters and 2,100 retirees and survivors. Firefighters do not participate in Social Security. Since July 1, 2004, the active firefighters contribute 9.00 percent of their salary to the Fund. By statute, the City of Houston must contribute at least twice that amount. The remainder of the Fund’s assets comes from its return on investments. The Fund’s investment return assumption is 8.5%.
Look to the left and click any of the buttons to learn more about HFRRF. Check out What’s New for the latest happenings.
Thanks for dropping by. We welcome your questions, concerns, and responses. You can reach us by e-mailing the Fund or you can find us at 4225 Interwood North Parkway, Houston, Texas 77032, near Beltway 8 and JFK Blvd.
Please e-mail The Conference Center Manager with any questions about the Conference Center.
As always, feel free to call our administrative office at 281-372-5100 or toll free at 800-666-9737. We are here to help. Our normal business hours are from 7:30 a.m. – 4:00 p.m. Monday through Friday.
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