SAFPPA Editor Pension Fund News

Firearm Qualification March 29

The SAPD Training Academy Firearms staff will be holding retiree qualifications on March 29. 

There will be morning qualification at 0900 and an afternoon qualification at 1400.  When you call to sign up please specify which date and time you would like to sign up for. 

We are limited to 30 shooters per time slot so we will absolutely be taking no walk-ins.  If you are not signed up for the specified time/date, you will not be allowed to qualify.  No exceptions. 

As usual, you will need your firearm, at least two magazines, a holster, 50 rounds of ammo and a check payable to COSA.  MASKS WILL BE REQUIRED AT ALL TIMES EXCEPT ON THE FIRING LINE, NO EXCEPTIONS.  Your own eye and ear protection is highly recommended. 

Call the range staff at 210-207-6229 during normal business hours to get on the schedule.  (NOTE: Leaving a message does not guarantee sign-up)

SAFPPA Editor Pension Fund News

Pension fund reopens with precautions in place

The San Antonio Fire and Police Pension Fund announced it would open its office on March 2, 2021.

In a Facebook post with the announcement, they said “Precautionary measures will be in place, but members may visit as desired. If possible, the pension fund encourages members to continue use of phone and email communications with pension fund staff.”

The pension fund office is located at 11603 W Coker Loop, San Antonio, TX 78216.

You may call them at 210.534.3262 or email info@safppf.org and a staff member will work to address your needs and questions. 

13th check update
SAFPPA Editor Pension Fund News

Retirees to receive performance distribution 13th check from pension fund

The San Antonio Fire and Police Pension Fund Board of Trustees on Feb. 24 voted to approve a performance distribution of a 13th check to its 2,858 pensioners.

Checks are being prepared for issuance on or about March 12.

The 13th check will be based on retirees regular pension received in December 2020.

For those who retired in 2020, the 13th check will be prorated based on the number of full months you were retired in 2020. These checks will include a one-time 22% withholding tax deduction and will not change your current monthly withholding tax deduction. No other deductions will be taken from checks.

The SAFPPF Board was allowed to consider issuance of the performance distribution because the pension fund’s 5-year average return was 9.26 percent. State law for the pension allows the Board to consider issuing a 13th check only when the 5-year average exceeds the 5-year average target rate, also known as the actuarial assumption rate of return, by 1 percent.

The 9.26 percent average return was 2.01 percent above the pension fund’s 7.25 percent target rate. This was due to the 10 percent return generated by the Fund’s investment committee and Board in 2020.

The pension fund posted the following graphic to their Facebook page.

SAFPPA Editor Pension Fund News

Pension Fund extends closure through February 28, but services continue

The San Antonio Fire and Police Pension Fund last week announced it would keep its office closed through February in response to the pandemic in San Antonio.

Pension fund staff will be working remotely so that members may expect the same services as if they were open. The pension fund does not expect any delays in processing retirements, refunds or annuity payments.

Call at 210.534.3262 or email info@safppf.org and a staff member will work to address your needs and questions.