870173 TMRS CAFR new8 fix 049-081.qxd - Texas Municipal ...
870173 TMRS CAFR new8 fix 049-081.qxd - Texas Municipal ...
870173 TMRS CAFR new8 fix 049-081.qxd - Texas Municipal ...
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<strong>TMRS</strong> HIGHLIGHTS<br />
2001<br />
2002<br />
2003<br />
2004<br />
Employee Accounts<br />
115,230<br />
119,747<br />
122,547<br />
124,638<br />
Retired Members<br />
20,422<br />
22,085<br />
23,790<br />
25,505<br />
New Employee Members<br />
14,706<br />
14,148<br />
12,421<br />
13,212<br />
Terminated Employee Members<br />
8,629<br />
7,788<br />
7,838<br />
8,007<br />
Amount Paid to Terminated Members<br />
$43.3 mil<br />
$39.8 mil<br />
$40.5 mil<br />
$45.6 mil<br />
New Retirements<br />
1,808<br />
2,160<br />
2,199<br />
2,251<br />
Total Amount Paid to Retirees<br />
$362.7 mil<br />
$401.9 mil<br />
$442.6 mil<br />
$472.1 mil<br />
Interest Rate on Employee Deposits<br />
9.5%<br />
8.75%<br />
8.0%<br />
7.0%<br />
Additional Benefits Paid to Retirees in<br />
the form of an Extra Check equal to<br />
2 checks<br />
1.75 checks<br />
1.5 checks<br />
1 check<br />
Member Cities<br />
758<br />
774<br />
794<br />
801<br />
Cities Beginning Participation<br />
13<br />
16<br />
20<br />
8<br />
CITIES THAT:<br />
Adopted Updated Service Credit<br />
548<br />
559<br />
566<br />
579<br />
Adopted Increases to Retirees<br />
447<br />
456<br />
460<br />
468<br />
Increased Employee Contribution Rate<br />
26<br />
26<br />
22<br />
27<br />
Increased City/Match Ratio (Future Service)<br />
25<br />
17<br />
16<br />
26<br />
Adopted Prov. Allowing Service Buy-Back<br />
14<br />
15<br />
5<br />
7<br />
Adopted Supplemental Death Benefits<br />
2<br />
4<br />
1<br />
1<br />
Adopted 5 Year Vesting<br />
N/A<br />
709<br />
6<br />
3<br />
Adopted Military Service Credit Provisions<br />
10<br />
13<br />
13<br />
4<br />
Adopted Senate Bill 505 Options<br />
2<br />
-<br />
2<br />
-<br />
Adopted 20 Year, Any Age Retirement<br />
49<br />
41<br />
18<br />
18<br />
Adopted Restricted Prior Service Credit<br />
22<br />
18<br />
15<br />
10<br />
Adopted Probationary Prior Service Credit<br />
1<br />
-<br />
-<br />
1<br />
T M R S COMPREHENSIVE ANNUAL FINANCIAL REPORT 2004<br />
13
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