New Retirees
Now that you are retired, it is important to remain informed about your TMRS retirement account. The resources below will answer any questions and help you manage your account.
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MyTMRS
The tools you will need to manage your TMRS retirement account are available in MyTMRS.
Change My Direct Deposit
To change your direct deposit account, click on MyTMRS and follow the prompts to register and/or log in. Click on the Direct Deposit link on the left side of the page under “Quick Links."
If you need assistance, please call our Member Service Center at 800-924-8677.
Cost of Living Adjustment (COLA)
TMRS participating cities may provide a cost-of-living adjustment (COLA) that can increase your monthly retirement benefit.
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To find out if your city provides a COLA, go to the “For Members” tab on tmrs.com, click on My City Plan, and search for your city. A city may offer either a repeating COLA or an ad hoc COLA. A repeating COLA is paid every year. An ad hoc COLA is only paid if the city decides to pay it in any given year.
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If your city provides a COLA, you must be retired for at least one year to receive it.
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TMRS calculates COLAs every January by using the Consumer Price Index (CPI) to determine the rate of inflation since you retired. A city’s COLA may either be 30%, 50% or 70% of the change in the CPI. Because the calculation is complicated, there is a TMRS COLA Calculation Fact Sheet that explains it in detail. To see it, go to the “For Retirees” tab on tmrs.com and click on Fact Sheets.
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No. A COLA is not guaranteed. A city may discontinue its COLA at any time.
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Yes. A city can increase or decrease its COLA percentage at any time.
This information is also available as a fact sheet.
Download the MyTMRS Mobile App:
