Brazoria
Brazoria
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Employee Deposit Rate The percentage of an employee’s compensation that is contributed to TMRS each pay period. The city selects the rate, which is either 5%, 6%, or 7%.5%
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City Match Amount the city contributes to TMRS on behalf of the employee at retirement. The city selects the amount, which is either 1 to 1, 1½ to 1, or 2 to 1 of the employee’s cash balance.2:1
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Vested Requirement Number of years an employee must work to be eligible for a lifetime retirement benefit at age 60. The city selects the number of years, which is either 5 or 10 years of service.5 Years
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Eligible for Retirement Number of years an employee must work to be eligible for a lifetime retirement benefit at any age. The city selects the number of years, which is either 20 or 25 years of service.25 Years
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USC Rate % TMRS financial credit that can increase an employee’s benefit at retirement based on changes in their salary or the city’s retirement plan. The city selects the percentage of the credit that is granted to employees, which is either 50%, 75%, or 100%.100%
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USC Transfer The transfer feature allows the USC calculation to include previous employment with other TMRS cities.Yes
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COLA % An increase to a retiree’s monthly benefit based on inflation. The city selects the percentage of the calculation to be granted to retirees, which is either 30%, 50%, or 70%.70%
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COLA Type A retroactive COLA calculates the inflation rate since retirement. The non-retroactive COLA calculates the inflation rate for the one-year period that ends 12 months prior to the calculation date.Retroactive
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Military Service Credit Time credit for prior active-duty military service.No
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Restricted Prior Service Credit Time credit for active-duty military service or previous full-time employment with any U.S. public employer, including federal, state, county, or city.Yes
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SDB Employees A monetary benefit paid to your beneficiary if you die while employed by the city. It is roughly equal to your annual salary.Yes
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SDB Retirees A monetary benefit paid to your beneficiary when you die after retiring from the city. It is $7,500.Yes
* Not all cities participate in TMRS.
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