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 Now Available
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.
Updated City Dashboard Now Available
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 City Rate Letters 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.
Office Update
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.
Governor Signs TMRS Return to Work Legislation
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.
2020 Actuarial Valuation Report Available
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.
Texas Senate Confirms TMRS Trustees
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.
Governor Reappoints Anali Alanis to the TMRS Board of Trustees
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.
Texas Municipal Retirement System to Move Headquarters
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.”
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 Now Available
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.
Updated City Dashboard Now Available
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 City Rate Letters 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.
Office Update
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.
Governor Signs TMRS Return to Work Legislation
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.
2020 Actuarial Valuation Report Available
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.
Texas Senate Confirms TMRS Trustees
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.
Governor Reappoints Anali Alanis to the TMRS Board of Trustees
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.
Texas Municipal Retirement System to Move Headquarters
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.”
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’ 