August 18, 2026 Longview Firefighters' Relief and Retirement Fund Meeting

The City of Longview held a meeting of the Firefighters' Relief and Retirement Fund on August 18, 2026, focusing primarily on the 2025 actuarial valuation results and pension fund performance. Key procurement-related discussions included investment management and portfolio adjustments. The fund reported strong returns with an actuarial value of assets at approximately $104 million and a funded ratio increase to 72%. The board reviewed and approved the second quarter pension performance report, which highlighted strong investment returns and portfolio rebalancing. Notably, the board approved recommended changes to investment managers, including replacing the MFS Small Cap Value fund with Bridgeway Small Cap Value and the Lumis Sales Growth fund with the Vanguard Growth Index fund, aiming to improve returns and reduce fees. These decisions reflect active portfolio management to optimize fund performance and cost efficiency. Additionally, the meeting included discussions on audit findings, investment fees, and ongoing policy improvements for pension fund governance.