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Contact: Joe Gimenez, 713.478.8034,joe@g3publicrelations.com

San Antonio Fire & Police PensionFund Appoints Gail Jensen as Executive Director
Jensen succeeds Warren Schott, who retires after 28 years of service

SAN ANTONIO (February 27, 2026) — The Boardof Trustees of the San Antonio Fire & Police Pension Fund (SAFPPF) hasappointed Gail A. Jensen as the Fund’s next Executive Director, following theretirement of Warren J. Schott, who concludes 28 years of distinguished serviceto the Fund and its members.

Jensen, who has served SAFPPF in a seniorleadership role as its general counsel for nearly a decade, brings deepexperience in pension administration, governance, and member service. Herappointment follows a unanimous vote of the Board.

“Gail has earned the trust of this Board,our members, and our staff through years of steady leadership, integrity, andcommitment to the mission of this Fund,” said Shawn Griffin, Chairman of theBoard of Trustees. “She understands the responsibility we carry to SanAntonio’s firefighters and police officers, and she is exceptionally well-preparedto guide the Fund into its next chapter.”

A Strong Fund Built Over Decades

Under Schott’s leadership, the Fundexperienced significant long-term growth and strengthened its financialposition. Since he began as Executive Director in 2003, the fund has more thantripled in value to $4.5 billion as of December 2025. The Fund is one of thefinancially healthiest in Texas among comparable multi-billion-dollar big citysystems, with a long record of stable governance and responsible stewardship.

“Warren’s steady, rock-solid guidance ofthis Fund cannot be overstated,” Griffin added. “He helped it through theDot.com bust, the Great Financial Crisis, Covid-19 and numerous other economiccycles, regulatory changes, and periods of significant growth. His leadershiphelped ensure that thousands of firefighters, police officers, retirees, andtheir families can count on a secure retirement.”

SAN ANTONIO (March 1, 2021) – With its five-year investment average triggering some enabling provisions in state law, the San Antonio Fire and Police Pension Fund Board voted on February 24 to distribute an additional $13 million among its 2,823 retirees for the 2020 benefits year. 

The performance distribution will also benefit the state and local economy because 85% of SAFPPF pensioners reside in the greater San Antonio Metropolitan area and 97% live in Texas.

For its fiscal year ended December 31, 2020, the pension fund gained 10.0%, completing a five-year run in which the Fund averaged 9.26% per year and increased the value of the pension by over $1 billion, to its current $3.7 billion in assets under management.

The 9.26% five-year average surpassed its 7.25% target rate by 2.01%, more than double the 1% excess trigger required by state law before the Board may consider a performance distribution.

“Our retired members have been particularly impacted in the last year because of Covid-19 and even the recent freeze event,” said James Smith, the SAFPPF Board chairman. “In addition, with the Dow Jones Industrial Average reaching all-time highs, it is a good time to bring home some San Antonio money from our investments in New York and around the world.”

Michael Trainer, president of the San Antonio Fire and Police Pensioners Association, believes the Board’s decision comes at a good time.

“Covid-19 hits our older members hard and increases their healthcare costs. Retirees should never have to make decisions about whether to buy food or pay for prescriptions. This distribution will help some of our members catch up with bills that got out of control in the last year,” Trainer said.

About the San Antonio Fire and Police Pension Fund (SAFPPF)