Texas Municipal Retirement System

Overview

Contact Information:
PO Box 149153
Austin, TX 78714-9153
http://www.tmrs.org
Phone: (800) 924-8677
Fax: (512) 476-5576

Classification: Statewide
Year Created: 1947
Fiscal Year-End Month: 12

Total Members : 280,937

  Active Members: 119,723
  Inactive Members : 80,606
  Total Annuitants: 80,608
  (Effective Date: 12/31/2022)


Financials

(Effective Date: 12/31/2022)

Total Net Assets: $35,600,490,787

Total Assets : $35,850,480,916
Total Liabilities : $249,990,129
Total Additions : $1,704,009,505
Employer Contributions:
$1,144,820,990
67.18%
Employee Contributions:
$529,914,380
31.10%
Other Contributions:
$0
0.00%
Investment Income:
$0
0.00%
Other Income:
$29,274,135
1.72%

Total Deductions  : $1,908,774,191
Benefit Payments:
$73,846,188
3.87%
Withdrawals:
$1,781,494,589
93.33%
Administrative Expenses:
$24,377,951
1.28%
Investment Expenses:
$28,871,492
1.51%
Other Expenses:
$183,971
0.01%

Total Contribution Rate: 14.50%
(Effective Date: 12/31/2022)
Employer: 6.71%
Employee: 21.21%

Historical Investment Returns

(Report Date: 12/31/2022)
—  Assumed Rate of Return 6.75%
  • 1-Year Return: -0.0735
  • 3-Year Return: 0.0402
  • 10-Year Return: 0.0593
  • 30-Year Return: 0.074
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 6.75%

Actuarial

Note: Amortization period is calculated using system-wide aggregate UAAL and payroll amounts.
(Effective Date: 12/31/2022)
Actuarial Value of Assets : $35,600,740,860
Market Value of Assets: $38,208,743,118
Actuarial Assumption Details

Actuarial Funded Ratio : 83.57%

Market Funded Ratio: 89.70%

Amortization Period (Yrs) : 14.9
Unfunded Liability : $4,388,787,393
Unfunded Liability per Member: $15,622

Benefit Tier Details


Benefits Information is not available for this plan.

Investment Policy Details

Effective Date: Not Available.


No Investment Policy information available.