The Advisory Committee on Benefit Design is appointed by the TMRS Board of Trustees and serves at the pleasure of the Board. The Advisory Committee provides valuable assistance to the Board in considering benefit changes and improvements to the System, and acts as a voice for member, retiree, and city issues.
Meetings of the Advisory Committee are held subject to the call of the TMRS Board Chair.
Meeting Summary | Minutes
September 2016 Update
The TMRS Board appointed Trustees Bill Philibert and Roy Rodriguez as Chair and Vice-Chair, respectively, of the Advisory Committee on Benefit Design. The Committee was assigned to study TMRS’ cost of living adjustment (COLA) structure and return-to-work provisions and to identify the advantages and disadvantages of options for each study topic to determine if any statutory changes should be proposed.
The Committee held two meetings this summer, the first on June 23, 2016 and the second on August 18, 2016. TMRS staff and the System’s governance and actuarial consultants provided the Committee with in-depth background and trend information on these two study items (see links at left). The Committee developed a list of advantages and disadvantages of certain options compared to current law and presented the list to the Board at their September meeting as a discussion item (see presentation here). The Board requested that staff prepare and present additional information for consideration at the next Board meeting in October.
If you or someone from your city have an interest in serving on the Advisory Committee, please contact ExecOffice@tmrs.com. If you are interested in serving on the TMRS Advisory Committee, please print out this application and send it to TMRS. If you are a member of one of the organizations included in the Group Class of the advisory committee, are a TMRS member, and wish to be considered for the advisory committee, please contact your organization to let them know of your interest.
At its May 2016 meeting, the TMRS Board of Trustees approved two revised charters for the Advisory Committee, one effective immediately and one effective January 1, 2018. The immediately effective charter renames the Committee as the Advisory Committee on Benefit Design and changes some of the administrative provisions of the Committee. The charter effective January 2018 modifies the size and composition of the Committee and makes further administrative changes.