Firemen's Relief and Retirement Fund

The Midland Firemen's Relief and Retirement Fund was created under the Texas Local Fire Fighters Retirement Act (TLFFRA). The Act provides guidelines for fund management, including investment restrictions, but leaves administration, plan design, contributions, and specific investments to each system's local board. These systems are entirely locally funded and governed by their own boards of trustees under state statute.

Current Conditions

In late 2022, a comprehensive examination of the pension fund, including a Forensic Audit and a Governance Audit, revealed long-standing issues with contribution arrangements. These included shortcomings in benefit design, excessive overtime expenses due to understaffing, and changes in the city's payment practices. The City of Midland and the Board of Trustees are working together to strengthen and secure the pension fund for everyone involved.