Welcome City of Snook!
TMRS is excited to welcome the City of Snook starting July 1. Located southwest of College Station, Snook is home to Chilifest, an annual two-day chili cookoff and concert that attracts more than 50,000 people each year.
TMRS' 2021 Annual Comprehensive Financial Report is now available
TMRS’ Annual Comprehensive Financial Report for the year ended December 31, 2021 (Report) is now available. The Report includes TMRS’ audited financial statements, a summary of 2021 investment activity, and actuarial and statistical information about the System.
TMRS Announces 2021 Investment Returns and Achieves Compliance with the Global Investment Performance Standards (GIPS®) for 2021
At TMRS’ June 23 Board of Trustees meeting, Chief Investment Officer David Hunter announced the Trust Fund’s net investment return was 12.86% for the fiscal year ended December 31, 2021. The 2021 return exceeded both TMRS’ asset allocation benchmark of 12.23% and assumed rate of return of 6.75%.
Hunter also announced that the TMRS Trust Fund was examined, and the investment organization verified, to allow TMRS to claim compliance with the Global Investment Performance Standards (GIPS®) for 2021. GIPS® are industry standards promulgated by the CFA Institute to promote ethical and transparent performance reporting. Specifically, GIPS® requires: i) policies and procedures documenting the methodologies used to calculate performance; ii) performance be time-weighted; and iii) registering a claim of compliance with the CFA Institute. (GIPS® is a registered trademark of CFA Institute, which does not endorse or promote TMRS, nor does it warrant the accuracy or quality of TMRS’ disclosures. A copy of the 2021 GIPS® Asset Owner report can be obtained by emailing invrisk@tmrs.com.)
Cities Can Now Download 2023 Rate Letters
Rate Letters that contain detailed information on each TMRS participating city's 2023 contribution rate are now available for download here.
Board Selects NEPC as General Investment Consultant
At its May 26 meeting, the TMRS Board of Trustees selected NEPC to serve as the Board’s General Investment Consultant. NEPC, one of the industry's largest independent, full-service investment consulting firms, will advise TMRS on asset allocation and investment strategies with a goal of establishing and achieving long-term investment goals and objectives.
Uvalde Support
All TMRS members, retirees, beneficiaries and participating cities are sharing in grief and sadness for our fellow Texans in the City of Uvalde.
Board Accepts 2021 Actuarial Valuation Report and Certifies 2023 City Contribution Rates
At its May 26 meeting, the Board of Trustees accepted TMRS’ 2021 Actuarial Valuation Report and certified the contribution rates for participating cities for the year beginning January 1, 2023. While each participating city has its own funded ratio, TMRS’ funded ratio as a whole as of December 31, 2021 is 90.5%, compared to 89.5% one year earlier.
TMRS Mobile App
The App provides TMRS Members with access to their MyTMRS account wherever they go.
Mobile App
The App provides TMRS Members with access to their MyTMRS account wherever they go.
Welcome City of Snook!
TMRS is excited to welcome the City of Snook starting July 1. Located southwest of College Station, Snook is home to Chilifest, an annual two-day chili cookoff and concert that attracts more than 50,000 people each year.
TMRS' 2021 Annual Comprehensive Financial Report is now available
TMRS’ Annual Comprehensive Financial Report for the year ended December 31, 2021 (Report) is now available. The Report includes TMRS’ audited financial statements, a summary of 2021 investment activity, and actuarial and statistical information about the System.
TMRS Announces 2021 Investment Returns and Achieves Compliance with the Global Investment Performance Standards (GIPS®) for 2021
At TMRS’ June 23 Board of Trustees meeting, Chief Investment Officer David Hunter announced the Trust Fund’s net investment return was 12.86% for the fiscal year ended December 31, 2021. The 2021 return exceeded both TMRS’ asset allocation benchmark of 12.23% and assumed rate of return of 6.75%.
Hunter also announced that the TMRS Trust Fund was examined, and the investment organization verified, to allow TMRS to claim compliance with the Global Investment Performance Standards (GIPS®) for 2021. GIPS® are industry standards promulgated by the CFA Institute to promote ethical and transparent performance reporting. Specifically, GIPS® requires: i) policies and procedures documenting the methodologies used to calculate performance; ii) performance be time-weighted; and iii) registering a claim of compliance with the CFA Institute. (GIPS® is a registered trademark of CFA Institute, which does not endorse or promote TMRS, nor does it warrant the accuracy or quality of TMRS’ disclosures. A copy of the 2021 GIPS® Asset Owner report can be obtained by emailing invrisk@tmrs.com.)
Cities Can Now Download 2023 Rate Letters
Rate Letters that contain detailed information on each TMRS participating city's 2023 contribution rate are now available for download here.
Board Selects NEPC as General Investment Consultant
At its May 26 meeting, the TMRS Board of Trustees selected NEPC to serve as the Board’s General Investment Consultant. NEPC, one of the industry's largest independent, full-service investment consulting firms, will advise TMRS on asset allocation and investment strategies with a goal of establishing and achieving long-term investment goals and objectives.
Uvalde Support
All TMRS members, retirees, beneficiaries and participating cities are sharing in grief and sadness for our fellow Texans in the City of Uvalde.
Board Accepts 2021 Actuarial Valuation Report and Certifies 2023 City Contribution Rates
At its May 26 meeting, the Board of Trustees accepted TMRS’ 2021 Actuarial Valuation Report and certified the contribution rates for participating cities for the year beginning January 1, 2023. While each participating city has its own funded ratio, TMRS’ funded ratio as a whole as of December 31, 2021 is 90.5%, compared to 89.5% one year earlier.