News Detail

Spring 2021



Dear Fund Members,

I think it is safe to say we are all glad a new year is here. There is a sense of relief & excitement to be able to get out & do some everyday activities. We can finally see a light at the end of the tunnel.

Our hearts go out to everyone who lost loved ones & those still fighting COVID. Thousands of active members reported COVID exposure & sadly, three lost that battle. Thankfully, we are in a new phase of the pandemic, but it is still important to follow safety guidelines. We had been looking forward to seeing our retirees at the annual BBQ, but large gatherings still create a high risk of COVID exposure. So, the decision was made to cancel this year’s BBQ.

With safety protocols in place, it is my pleasure to announce the pension office is now open! We encourage everyone to wear a mask, but it is not mandatory. In-person appointments fill up quickly, so please call ahead to ensure someone will be available to assist you. For your convenience, you can also schedule a virtual meeting & access MemberDirect resources 24/7.

In the last Red Line, I mentioned encouraging news that the District Court ruled SB 2190 is unconstitutional as applied to HFRRF. The City appealed & HFRRF filed a response. The City’s reply is due by June 18th. Unfortunately, an appeals court decision in this matter is not expected anytime soon. The 87th Texas Legislative Session will conclude on May 31st without moving any bills that negatively affect the Fund. HFRRF Executive Director, Ralph Marsh, & I recently met with U.S. Congressman Brady to discuss issues affecting our members. We appreciate the support of Congressman Brady & we will continue to work with our Congressmen on your behalf.

Our investment team has had a phenomenal year & is expecting excellent returns, if markets continue to cooperate. Our fund is extremely healthy & well-funded. Our portfolio includes some of the highest-graded private equity investors in the world which should realize gains for years to come.

I look forward to seeing our retirees at the Christmas luncheon this year!

Stay safe,

Brett Besselman
Houston Firefighters’ Relief and Retirement Fund