|
San Antonio Fire and Police Pension Fund earns 14.7% in 2017, surpasses $3 billion in assets
| SAN ANTONIO (May 2, 2018) - The San Antonio Fire and Police Pension Fund (SAFPPF) earned a 14.7 percent return on $2.8 billion in investable assets in 2017, adding $370 million to the retirement benefits system for retired police officers, firefighters, and their beneficiaries.
The pension fund ended FY 2017 with $3.2 billion, the first time in its long history that it exceeded $3 billion. SAFPPF was founded in 1919 and then established as a trust in Texas statutes by the legislature in 1941. SAFPPF targets a 7.25 percent return to achieve funding goals for its members’ benefits and has attained an 8.4 percent average return for the last five years.
"We have a very disciplined approach to selecting investments and it is working well," said J.T. Trevino, chairman of the SAFPPF Board of Trustees. "We diversify our members’ assets among six major investment categories through a stringent selection and verification process. We are recognized as a leading pension system in the state because of the success we’ve had with conservative governance of our members’ earned benefits."
.....Read More
|  |
| | San Antonio Fire and Police Pension Fund Board Elects New Officers
| SAN ANTONIO (May 27, 2015) – The San Antonio Fire and Police Pension Fund’s Board of Trustees elected new officers at their May Board Meeting.
After re-election to the Board by SAFPPF members in April, the Trustees elected San Antonio Fire Engineer J.T. Trevino to serve as its chairman. Trevino had served previously as the Board vice chairman, and led the Ad Hoc Government and Public Relations Committee. He replaces Police Captain Shawn Ury.
The Board elected Police Sergeant James Smith to become vice chairman. Smith was unopposed in the April election. The Board also elected San Antonio City Councilman Ray Lopez as secretary.
Several Trustees offered their praise and gratitude to Ury for his exemplary service as Chairman. The Trustees also offered their appreciation for Councilman Lopez’s service, commenting on his attendance record at Board meetings and his representation of the Pension Fund.
| |
|
|
SAFPPF Announces New Website
| SAN ANTONIO (May 21, 2015)---The SAFPPF today launched a new version of its public and members website. The new design was created to provide information in a more streamlined fashion to SAFPPF members and the general public. Please understand that this first design is primarily for desktop computer viewing. A version for tablets and mobile phones will be rolling out in the next 2-4 weeks.
Please provide any feedback about the website to info@safppf.org. We would like to know how you engaged with the site and whether there is anything we can do to make it more user-friendly.
| |
| | SAFPPF Replaces Retiring Benefits Specialist
| SAN ANTONIO (May 15, 2015) – The San Antonio Fire and Police Pension Fund today announced the hiring of Savini Nanayakkara as benefits specialist to replace retiring specialist Sonia Martinez.
Nanayakkara is an Austin native who recently graduated from the University of Texas at San Antonio with a Bachelor’s degree in Human Resource Management. She was involved in the Society of Human Resource Management ( SHRM) student chapter and brings human resource experience from positions at Rackspace, UTSA, and IBTX Risk Services.
Nanayakkara replaces Martinez, who after 38 years of service to the pension fund beginning in 1977, retired on March 30. Martinez saw the market value of the SAFPPF increase from $50 million to the current $2.7 billion in assets under management. Over that period, 2,373 fire fighters and police retired and received, in some way, assistance from Martinez.
In addition to Nanayakkara, the pension fund employs Jessica Pelaez and Cinzia Davenport to assist members with benefits questions. More information about them and the entire staff is available on the SAFPPF staff webpage.
| |
|
|
Election results for the SAFPPF Board of Trustees
| SAN ANTONIO (April 29, 2015)– Fire Engineer Manuel “J.T.” Trevino won his re-election bid to the San Antonio Fire and Police Pension Fund’s Board of Trustees, defeating challenger Jerry Cortes with 362 votes to 110 votes, respectively.
Active police representative Jim Smith and retired police retired representative Harry Griffin did not draw challengers.
The election results were certified by the SAFPPF Board of Trustees at its April 29 meeting..... Read More |  |
| | San Antonio Fire and Police Pension Fund to Inject $9 million in Metropolitan Area Economy through Performance Distribution
| SAN ANTONIO (November 26, 2014) – With its five-year investment returns triggering state law, the San Antonio Fire and Police Pension Fund Board voted unanimously today to distribute an additional $9 million among its 2,374 retirees and beneficiaries for the 2014 benefits year.....Read More
|  |
|