Board Accepts 2022 Actuarial Valuation Report and Certifies 2024 City Contribution Rates
At its May 25 meeting, the Board of Trustees accepted TMRS' 2022 Actuarial Valuation Report and certified the contribution rates for participating cities for the year beginning January 1, 2024. While each participating city has its own funded ratio, TMRS’ funded ratio as a whole as of December 31, 2022 is 89.7%.
The Cities of Petersburg and Santa Rosa Join TMRS on May 1
On May 1, the cities of Petersburg and Santa Rosa joined TMRS as participating cities.
Located in the Texas Panhandle, the City of Petersburg is the home of the Petersburg High School Buffaloes. The farming community was established in 1902 and is located in southeast Hale County. It saw its population swell in 1928 when the Fort Worth and Denver Railway was built.
Located in the Rio Grande Valley, the City of Santa Rosa is in Cameron County. The city, which gets its name from the old Santa Rosa Ranch established by wealthy merchant Charles Stillman, was incorporated in 1929.
TMRS is excited to welcome these two cities as the 927th and 928th to join the System!
Greenville: One of TMRS' First Participating Cities
To celebrate TMRS’ 75th anniversary, we will be showcasing our first eight member cities throughout the year. This month, we’re highlighting Greenville, which is located about 50 miles northeast of Dallas.
Greenville boasts a deep and fascinating history. It became the seat of Hunt County in 1846. In the early 20th century, the city was known as the cotton capital of the world. Mills from around the globe sought out Greenville cotton. In 1911 and 1912, the world’s largest cotton compress was in Greenville.
The city’s most famous son is Audie Murphy, the most decorated American soldier in WWII. From his humble roots as a sharecropper’s son, he rose to fame due to his courage in the face of unimaginable hardship.
Two New Cities Join TMRS April 1
TMRS welcomes the cities of Jarrell and Smiley as new participating cities on April 1.
Established in 1909 and incorporated in 2001, the City of Jarrell is 45 minutes north of Austin in rapidly growing Williamson County. Since 2000, the population has swelled with the growth in central Texas, increasing over 280%.
Established in the early 1870s and incorporated in 1949, the south-central Texas city of Smiley is in Gonzalez County at the juncture of US Highway 87 and FM 108. During the 1930s, the community was given the title of the world’s largest poultry center.
These additions bring the total participating cities to 926. TMRS is thrilled to have these cities join the system!
HELPS Payment Process Changing on April 1
Starting April 1, TMRS will no longer deduct health insurance premiums from public safety retirees’ benefit payments. Enrolled retirees need to contact their insurance provider (either the city or third-party provider) for instructions on how to pay premiums directly to them.
To learn more about this change, click here. For questions about HELPS premium payments, call the Member Service Center at 800-924-8677.
2022 Member Account Statements Mailed
Starting March 9, 2022 Member Account Statements are being posted to MyTMRS and mailed according to the ZIP Code schedule below. Login to MyTMRS to view your Statement.
|MyTMRS and Mail Date
||Member ZIP Code
TMRS Honored by Texas Legislature
On February 28, Texas state Representative Rafael Anchia, former chair of the House Pensions, Investments and Financial Services Committee, introduced House Concurrent Resolution No. 66 that recognized TMRS’ 75th anniversary. The Resolution passed unanimously. Members of TMRS’ Senior Staff were in attendance and acknowledged for their hard work on behalf of TMRS Members.
You can read the full resolution here and watch the video above.