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City Plan Change Calculator Now Available

For the first time, you can calculate the cost of any change to your city’s TMRS plan through TMRS’ City Portal. City Portal Users can access the Plan Change Calculator to calculate the cost of changing any of your city’s TMRS benefit options. 

If you have questions about the Calculator or about making a plan change, contact City Services.

GASB 75 Reporting Packages Are Now Available

The 2024 GASB Reporting Packages that provide information for cities offering TMRS' Supplemental Death Benefit coverage for retirees are now available for download.

New Feature Added to the City Plan Comparison Tool

The City Plan Comparison Tool now includes a new feature: each city’s contribution rate. Now you can compare your city’s contribution rate with that of any other TMRS city.

You can access the Tool under the For Cities tab or by clicking here. Scroll to the bottom of the page and select the “Export All Plans” button. When the Excel file opens, each city’s contribution rate is now shown in the last column. 

GASB 68 Reporting Packages Are Now Available

The 2024 GASB 68 Reporting Packages that provide pension disclosure information for cities' TMRS plans are now available for download.

TMRS Receives Two Quality Texas Foundation Awards

TMRS recently received two awards at the 31st Annual Quality Texas Foundation Award Recognition Conference. The Quality Texas Foundation assists Texas organizations in their continuous improvement efforts, helping them to build sustainability in their operations, and provide them with clear steps forward by utilizing the Malcolm Baldrige Criteria for Performance Excellence.

TMRS was honored at the Pioneer and Engagement Levels for our continued commitment to performance excellence on the path toward achieving the Governor’s Texas Award for Performance Excellence. This award is based upon a very rigorous and robust process focusing on improving individuals and organizations.

Staff members Dana Brown, Colin Davidson, Tricia Solis, and Anali Alanis were on hand to receive the awards, provide a presentation on TMRS’ Quality Texas Foundation journey, and moderate a panel on the award application process.

Congratulations to our entire organization for the exceptional efforts improving quality for the benefit of our 220,000 Members, retirees, and beneficiaries!

Weston Joins TMRS

On July 1, the Town of Weston joined TMRS, becoming the 938th participating city.

Weston was first settled in 1842, making it one of the oldest towns in Collin County. The town is surrounded by the cities of Princeton, Prosper, Anna, and Celina—several of the fastest growing cities in the nation. That growth has made Collin County the second fastest growing county in the U.S.  

We are excited to welcome Weston to TMRS.

TMRS Booth Summer Fellowship

We are pleased to announce the TMRS Booth Summer Fellowship, named in honor of David Booth, Founder and Chairman of Dimensional Fund Advisors. Dimensional is headquartered in Austin and is a global investment manager with more than 1,600 employees and $700 billion in assets under management. Mr. Booth is a trailblazer in the financial world, having spent his career applying groundbreaking financial theory and research to the practical world of asset management. The University of Chicago Booth School of Business is named in his honor.

The Booth Summer Fellowship introduces the next generation of investment leaders to the global institutional investment community through exposure to TMRS’ investment processes, culture of excellence, and network of exemplary financial sponsors, management teams, consultants, and research partners. The program will advance the intellectual and professional development of each Booth Fellow through mentorship and rigorous, relevant, and engaging project-based assignments. Under the guidance of a senior team member with compatible interests, Booth Fellows perform cooperative diligence on active transactions, conduct research into multidisciplinary industry topics, and assist in advancing investment processes. Booth Fellows will also participate in a wide variety of professional development activities.

We are excited to welcome Kash Molwani, our inaugural TMRS Booth Summer Fellow. Mr. Molwani served as a Vice President in the Private Equity division at Blackstone, the world’s largest alternative asset manager with $1 trillion in AUM. Mr. Molwani was involved in the execution of a number of Blackstone investments, including Hotwire Communications, Northern Indiana Public Service Company (NIPSCO), and FirstEnergy. Before joining Blackstone, Mr. Molwani was an Analyst working in the Mergers & Acquisitions department of Credit Suisse’s Investment Banking division.

Mr. Molwani is an MBA candidate at Harvard Business School and has received a BBA in Finance from Georgia State University, where he received a full ride, graduated summa cum laude, and was elected to Beta Gamma Sigma. Mr. Molwani was the national recipient of the Schwarzman Scholarship, a one-year Master’s program offering a fully funded Economics and Public Policy experience among international scholars at Tsinghua University in Beijing, China. He was also selected as a National Finalist for the Marshall Scholarship, a fully funded two to three year advanced degree program for candidates showcasing potential to advance UK-US ambassadorial relations. Mr. Molwani has been passionate about volunteer efforts at organizations like Common Denominator (middle school tutoring), City Harvest (food rescue and distribution), and Harlem Grown (planting urban gardens), and has helped them raise over $150k to advance their non-profit goals across New York City.

Portfolio Director Monica Huffer Receives 2024 Outstanding Woman in Texas Government Award

On June 12, Monica Huffer was honored as one of five 2024 Outstanding Women in Texas Government by Governor Abbott and the Governor’s Commission for Women.        

Monica not only excels in her role as an investor but also dedicates countless hours and resources to organizations focused on serving those in need. She is an active member of the Junior League of Austin, a member and financial sponsor of Compassion International, supports the International Justice Mission, and serves on the grant finance committee and grant review board of Impact Austin, a women's collective giving organization, funding Central Texas nonprofits.

Executive Director David Wescoe said, “Monica's academic career, her rapid professional advancement and achievement, and her numerous community activities…make her a deserving recipient of the 2024 Rising Star award. And if the past is indeed prologue, Monica's potential for future success is unlimited.”

“It is incredibly rare for an investor to shine brightly on all elements of humility, character, dedication and intellectual curiosity - Monica is that rare talent. Her extraordinary commitment to TMRS members helps our entire team become better world-class investors every day,” notes Chief Investment Officer Yup Kim. 

Please join us in celebrating this remarkable leader who will surely make a meaningful difference in the lives of Texans in the years to come. For more details about the awards, read the official press release.

Summer Hours

During June, July, and August, the TMRS office will close at noon on Friday. Weekly hours of operation during these three months will be: 

• Monday to Thursday: 8:00 AM – 5:00 PM
• Friday: 8:00 AM – 12:00 PM

MyTMRS remains accessible 24/7.

2025 City Contribution Rate Letters Are Available

A contribution rate letter that contains detailed information on your city's 2025 contribution rate is now available to download.