The San Antonio Fire and Police Pension Fund continues to lead in key metrics when compared to other pension funds with $1 billion or more under management. The two key measures are funded ratios and amortization period. The funding ratio is the ratio of our pension plan’s assets compared to its liabilities – now and in the future for all employees enrolled in the plan and expected to retire. The amortization period is somewhat similar to a home mortgages amortization in terms of length of time needed to pay all the liabilities. The Texas Pension Review Board defines amortization period as “the length in time, in years, needed to pay for the unfunded actuarial accrued liability (UAAL) and reflects a system’s ability to pay its normal cost plus UAAL.” The PRB uses amortization in many rankings of Texas pension funds and recommends that systems try to attain amortization periods below 25 years.