6/19/09

2010 Municipal Contribution Rate Letters
are now available online.

5/26/09

Governor Signs TMRS Legislation
HB360 was signed into law by Governor Rick Perry with immediate effect.

5/18/09

TMRS Legislation Passes
HB 360 "relating to the crediting and charging of investment gains and losses on the assets held in trust by the Texas Municipal Retirement System and providing a guaranteed minimum credit to employee accounts," passed the Texas House and Texas Senate unanimously. The bill now goes to the Governor for the final measure before it becomes law.

TMRS thanks everyone involved in helping move HB 360 forward. We are particularly grateful to the primary sponsor, House Chairman Edmund Kuempel, co-authors Representatives Abel Herrero and Solomon Ortiz, Jr., and Senate sponsor Senator Tommy Williams and their staffs. Thanks also to the TMRS Board of Trustees for their leadership and the TMRS Legislative Stakeholder Group (now the TMRS Advisory Committee) for their role in preparing for this session.

TMRS' Board and Staff wish Chairman Kuempel's family well and hope Representative Kuempel has a speedy recovery.

5/8/09

TMRS has sent rate letters to all cities showing the contribution rate for your TMRS benefit program for the year beginning January 1, 2010. The rates in those letters are also contained in the 12/31/08 Actuarial Valuation. Besides the contribution rates, the rate letters contain reconciliation and accounting information. If a city needs a copy of its rate letter, call TMRS. Letters will be available online in June.