Retiree Education & Resources
Change My Direct Deposit
To change your direct deposit account, click on MyTMRS and register or log in. Once you are logged in, click on "Manage Direct Deposit" on the top of your dashboard, and follow the prompts.
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. See answers to frequently asked questions below.
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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 calendar 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.
RetirementWise Newsletter
Read the latest updates for Retirees through our RetirementWise Newsletter.
Fact Sheets
Quick-reference sheets designed to help members, retirees, and city officials understand key aspects of TMRS.
Download the MyTMRS Mobile App:
