Abilene Firemen's Relief & Retirement Fund

The board meeting involved the consideration of candidates for an open trustee position, resulting in the acceptance of Joey Kincaid and Hank Stokes as candidates.

The Board of Trustees approved the financial statements for March 2026. Additionally, the board authorized liability insurance payments to Gallagher Insurance and approved the annual subscription fee for Pension EZ to Indus Mokshum, LLC. The board also called for a trustee election to replace a retiring member and formally terminated benefits for a deceased beneficiary.

The Board meeting focused on several key items, including the review and acceptance of the FY 25 audit, which resulted in an unmodified opinion and noted an increase in the net position restricted for pensions. The Board approved payment for the preparation of the FY 25 audit, authorized the termination of benefits for a deceased beneficiary, and approved the refund of contributions for two individuals who resigned from the department.

The meeting included the appointment of a new trustee, the approval of annual memberships for NCPERS and TEXPERS, the authorization of retirement benefits for a plan member, and a status report on a committee formed by the City Manager.

The board reviewed the 3rd quarter FY 2025 financial results, noting a strong performance with a portfolio market value of approximately $66 million and discussed strategic adjustments regarding equity allocations and divestment from specific funds. A new contract for management services with Mariner was approved, featuring an adjusted annual fee and an annual escalation clause. Additionally, the board accepted the resignation of a trustee and subsequently elected a replacement to fill the vacant position.