TMRS has a maintenance window scheduled for Tuesday, July 27, from 6:30 p.m. – 9:30 p.m. MyTMRS and the City Portal will be unavailable during this time period. We are sorry for any inconvenience.
TMRS is planning system maintenance after normal business hours the last weekend of July. The City Portal, MyTMRS and the TMRS website will be unavailable from 5:00 p.m. Friday, July 30, until 8:00 a.m. Monday, August 2.
GASB 75 Reporting Packages for cities that participate in TMRS’ Supplemental Death Benefit Fund (SDBF) with coverage for retirees are now available for download. The GASB 75 Reporting Packages contain detailed disclosure information for your city’s SDBF plan, based on the December 31, 2020 Actuarial Valuation Report.
TMRS Chief Investment Officer T.J. Carlson has resigned effective September 7, 2021, to assume the same position with the Missouri State Employees’ Retirement System (MOSERS).
TMRS Executive Director David Wescoe said, “TJ is an experienced and talented investment professional. During his seven-plus years with TMRS, TJ’s many accomplishments include building a first-rate investment team and growing Trust Fund assets from $23.8 billion to $34.5 billion. Everyone associated with TMRS wishes TJ and his family nothing but the best in the future.”
Carlson added, “I have truly enjoyed my time at TMRS, working with our excellent Board and the entire TMRS team to deliver on all our promises to our Members and participating cities. I am proud of all that we have accomplished during my tenure, and I know I am leaving the investment program in a very good place.”
GASB 68 Reporting Packages for TMRS participating cities are now available for download. The Reporting Package contains detailed city pension disclosure information based on TMRS’ December 31, 2020 Actuarial Valuation Report.
TMRS Chief Service Officer Eric Davis publicly announced that he is retiring on August 31 after 34 years of TMRS service. During his tenure, Eric traveled Texas from north to south and east to west, meeting and educating city councils, city administrators, Members, and retirees about TMRS and the many benefits it provides.
Eric has served as Deputy Executive Director, Interim Executive Director and, in September 2020, became TMRS’ first-ever Chief Service Officer. During Eric’s career, TMRS increased the number of participating cities from 517 to 895, Membership increased from 79,000 to 220,000, and Trust Fund assets grew from $1.4 billion to more than $34 billion. In the past year, Eric helped onboard a new Executive Director, facilitate the upcoming office move to The Grove, establish the first-ever City Services department and pass Senate Bill 1105 that will let retirees return to work for the same city after a one-year break in service.
TMRS Executive Director David Wescoe said, “Eric is ‘Mr. TMRS.’ During his long and successful TMRS career, he has touched tens of thousands of lives. TMRS’ Trustees, staff, Members, retirees_ and participating cities owe him a big ‘thank you’ for his distinguished service.”
Eric said, “It has truly been a privilege and honor to serve the Members, retirees and cities that participate in TMRS. I will retire proudly knowing that TMRS is a more secure and sustainable System than when I arrived, and that I played a small part in its success.”
Today, the TMRS Board of Trustees approved the 2020 TMRS Comprehensive Annual Financial Report for distribution. In addition, the Board received the 2020 Schedule of Changes in Fiduciary Net Position by Participating City.
The TMRS 2021 Annual City Conference will be held on July 27 and July 28 from 9 – 11 a.m. The conference will give an annual overview of important information about TMRS. We invite all city personnel who are involved in TMRS benefits to learn more about what is happening at TMRS.
The conference will be online and attendance is free. Register now and look for a link to stream the event the week before the conference.
Plan change studies utilizing the December 31, 2020 Actuarial Valuation Report results now can be prepared by TMRS staff. These studies compare the cost of a city’s current plan benefits to any alternative TMRS plan benefits. In addition, a report projecting future contribution rates and funded status can also be prepared by TMRS staff utilizing the December 31, 2020 Valuation results. To request a Plan Change Study or Projection report, please contact the City Services Department.
The City Dashboard has been updated to include results from the December 31, 2020 Actuarial Valuation Report. The City Dashboard allows TMRS participating cities to analyze various funding metrics by city on a historical basis. A peer comparison with all other TMRS cities and graphs of the data are also available.
2022 Rate Letters are now available for download by TMRS participating cities. The Rate Letters contain detailed information on each city’s contribution rate for calendar year 2022.
The TMRS office is open, and staff has resumed in-person meetings with Members. Call the TMRS Member Service Center (800-924-8677) between 8 a.m. – 5 p.m., Monday – Friday or email help@tmrs.com to schedule an in-person or virtual consultation.
On May 28, 2021, Texas Governor Greg Abbott signed Senate Bill 1105 into law, which changes reemployment opportunities for certain TMRS retirees. Beginning September 1, 2021, TMRS retirees will be able to return to work at the city from which they retired after a one-year break in service without having to forfeit their retirement benefit. Also, retirees who have already returned to work for the city from which they retired, after a one-year break in service will have their monthly retirement benefit restarted upon application for this benefit. This amendment will help TMRS’ participating cities recruit experienced employees and retirees who want to return to work. If a retiree returns to work or has returned to work for the same city with less than a one-year break in service, the monthly benefit will still be forfeited during the period of reemployment. TMRS will be contacting those retirees who are affected by this amendment.
At its May 27, 2021 meeting, the TMRS Board of Trustees approved the System’s Actuarial Valuation Report as of December 31, 2020. The Report contains rate information for TMRS participating cities for the year beginning January 1, 2022.
On May 5, 2021, the Texas Senate unanimously confirmed Governor Abbott’s reappointment of four Trustees to the TMRS Board of Trustees for the following terms: Johnny Huizar of Pleasanton to a term expiring on February 1, 2023, Bob Scott of Carrollton and Bill Philibert of Deer Park for terms expiring on February 1, 2025 and Anali Alanis of Pharr to a term expiring on February 1, 2027.
On April 14, Texas Governor Greg Abbott reappointed Anali Alanis to the Texas Municipal Retirement System Board of Trustees for a term that will expire February 1, 2027. She was first appointed to a partial term on February 4, 2020 and is currently Chair of the Board’s Budget and Compensation Committee. For details, see TMRS’ press release.
At its meeting today, the TMRS Board of Trustees announced that TMRS will move its headquarters from its current location at 1200 N. Interstate 35 Frontage Road in Austin to Office Building 2 at The Grove, 2717 Perseverance Drive, in Austin. The move is anticipated to occur in October 2021.
TMRS Board Chair David Landis commented, “Consistent with our fiduciary duties, TMRS analyzed our space needs and identified three key objectives for our new space: keeping costs low; convenience of employees, Members and visitors; and future anticipated space needs. Then we compared these objectives with available alternatives in the Austin area.” Landis added, “Building 2 at The Grove met all three objectives and provides a convenient, cost-effective and attractive location for TMRS’ employees, Members and visitors. And, above all, it will help us fulfill our mission to provide superior service to our Members and participating cities.”
TMRS is planning system maintenance after normal business hours the last weekend of July. The City Portal, MyTMRS and the TMRS website will be unavailable from 5:00 p.m. Friday, July 30, until 8:00 a.m. Monday, August 2.
GASB 75 Reporting Packages for cities that participate in TMRS’ Supplemental Death Benefit Fund (SDBF) with coverage for retirees are now available for download. The GASB 75 Reporting Packages contain detailed disclosure information for your city’s SDBF plan, based on the December 31, 2020 Actuarial Valuation Report.
TMRS Chief Investment Officer T.J. Carlson has resigned effective September 7, 2021, to assume the same position with the Missouri State Employees’ Retirement System (MOSERS).
TMRS Executive Director David Wescoe said, “TJ is an experienced and talented investment professional. During his seven-plus years with TMRS, TJ’s many accomplishments include building a first-rate investment team and growing Trust Fund assets from $23.8 billion to $34.5 billion. Everyone associated with TMRS wishes TJ and his family nothing but the best in the future.”
Carlson added, “I have truly enjoyed my time at TMRS, working with our excellent Board and the entire TMRS team to deliver on all our promises to our Members and participating cities. I am proud of all that we have accomplished during my tenure, and I know I am leaving the investment program in a very good place.”
GASB 68 Reporting Packages for TMRS participating cities are now available for download. The Reporting Package contains detailed city pension disclosure information based on TMRS’ December 31, 2020 Actuarial Valuation Report.
TMRS Chief Service Officer Eric Davis publicly announced that he is retiring on August 31 after 34 years of TMRS service. During his tenure, Eric traveled Texas from north to south and east to west, meeting and educating city councils, city administrators, Members, and retirees about TMRS and the many benefits it provides.
Eric has served as Deputy Executive Director, Interim Executive Director and, in September 2020, became TMRS’ first-ever Chief Service Officer. During Eric’s career, TMRS increased the number of participating cities from 517 to 895, Membership increased from 79,000 to 220,000, and Trust Fund assets grew from $1.4 billion to more than $34 billion. In the past year, Eric helped onboard a new Executive Director, facilitate the upcoming office move to The Grove, establish the first-ever City Services department and pass Senate Bill 1105 that will let retirees return to work for the same city after a one-year break in service.
TMRS Executive Director David Wescoe said, “Eric is ‘Mr. TMRS.’ During his long and successful TMRS career, he has touched tens of thousands of lives. TMRS’ Trustees, staff, Members, retirees_ and participating cities owe him a big ‘thank you’ for his distinguished service.”
Eric said, “It has truly been a privilege and honor to serve the Members, retirees and cities that participate in TMRS. I will retire proudly knowing that TMRS is a more secure and sustainable System than when I arrived, and that I played a small part in its success.”
Today, the TMRS Board of Trustees approved the 2020 TMRS Comprehensive Annual Financial Report for distribution. In addition, the Board received the 2020 Schedule of Changes in Fiduciary Net Position by Participating City.
The TMRS 2021 Annual City Conference will be held on July 27 and July 28 from 9 – 11 a.m. The conference will give an annual overview of important information about TMRS. We invite all city personnel who are involved in TMRS benefits to learn more about what is happening at TMRS.
The conference will be online and attendance is free. Register now and look for a link to stream the event the week before the conference.
Plan change studies utilizing the December 31, 2020 Actuarial Valuation Report results now can be prepared by TMRS staff. These studies compare the cost of a city’s current plan benefits to any alternative TMRS plan benefits. In addition, a report projecting future contribution rates and funded status can also be prepared by TMRS staff utilizing the December 31, 2020 Valuation results. To request a Plan Change Study or Projection report, please contact the City Services Department.
The City Dashboard has been updated to include results from the December 31, 2020 Actuarial Valuation Report. The City Dashboard allows TMRS participating cities to analyze various funding metrics by city on a historical basis. A peer comparison with all other TMRS cities and graphs of the data are also available.
2022 Rate Letters are now available for download by TMRS participating cities. The Rate Letters contain detailed information on each city’s contribution rate for calendar year 2022.
The TMRS office is open, and staff has resumed in-person meetings with Members. Call the TMRS Member Service Center (800-924-8677) between 8 a.m. – 5 p.m., Monday – Friday or email help@tmrs.com to schedule an in-person or virtual consultation.
On May 28, 2021, Texas Governor Greg Abbott signed Senate Bill 1105 into law, which changes reemployment opportunities for certain TMRS retirees. Beginning September 1, 2021, TMRS retirees will be able to return to work at the city from which they retired after a one-year break in service without having to forfeit their retirement benefit. Also, retirees who have already returned to work for the city from which they retired, after a one-year break in service will have their monthly retirement benefit restarted upon application for this benefit. This amendment will help TMRS’ participating cities recruit experienced employees and retirees who want to return to work. If a retiree returns to work or has returned to work for the same city with less than a one-year break in service, the monthly benefit will still be forfeited during the period of reemployment. TMRS will be contacting those retirees who are affected by this amendment.
At its May 27, 2021 meeting, the TMRS Board of Trustees approved the System’s Actuarial Valuation Report as of December 31, 2020. The Report contains rate information for TMRS participating cities for the year beginning January 1, 2022.
On May 5, 2021, the Texas Senate unanimously confirmed Governor Abbott’s reappointment of four Trustees to the TMRS Board of Trustees for the following terms: Johnny Huizar of Pleasanton to a term expiring on February 1, 2023, Bob Scott of Carrollton and Bill Philibert of Deer Park for terms expiring on February 1, 2025 and Anali Alanis of Pharr to a term expiring on February 1, 2027.
On April 14, Texas Governor Greg Abbott reappointed Anali Alanis to the Texas Municipal Retirement System Board of Trustees for a term that will expire February 1, 2027. She was first appointed to a partial term on February 4, 2020 and is currently Chair of the Board’s Budget and Compensation Committee. For details, see TMRS’ press release.
At its meeting today, the TMRS Board of Trustees announced that TMRS will move its headquarters from its current location at 1200 N. Interstate 35 Frontage Road in Austin to Office Building 2 at The Grove, 2717 Perseverance Drive, in Austin. The move is anticipated to occur in October 2021.
TMRS Board Chair David Landis commented, “Consistent with our fiduciary duties, TMRS analyzed our space needs and identified three key objectives for our new space: keeping costs low; convenience of employees, Members and visitors; and future anticipated space needs. Then we compared these objectives with available alternatives in the Austin area.” Landis added, “Building 2 at The Grove met all three objectives and provides a convenient, cost-effective and attractive location for TMRS’ employees, Members and visitors. And, above all, it will help us fulfill our mission to provide superior service to our Members and participating cities.”
