Abilene Firemen's Relief & Retirement Fund

The board discussed funding updates following a citizen inquiry. The meeting also included the acceptance of financial reports for July and August. A significant portion of the meeting was dedicated to discussions regarding benefit caps and potential adjustments to ensure members receiving capped benefits are included in future increases, resulting in a request for further legal and actuarial feedback. Additionally, an update was provided regarding the logistics and schedule for an upcoming TLFFRA conference.

The board meeting included a review of financial statements and the presentation of the FY 4th quarter report by Mariner Institutional, which showed an 8% increase and an 11.25% FY return. The board discussed but decided not to move forward with a new 50 South Private Equity Core XII fund. Discussions also addressed proposed language for retired members, updates on pending litigation against Western Assets, and the approval of survivor benefits. Additionally, the board approved dates for upcoming nominations and voting, received a report on the TLFFRA conference, and authorized the City to collaborate with the fund's actuary to evaluate future funding options.