5/4/12

2011 Actuarial Valuation Available

The TMRS Actuarial Valuation as of December 31, 2011, is available here. The TMRS System-wide funded ratio increased from 82.9% as of December 31, 2010, to 85.1% as of December 31, 2011. City rates for 2013 are contained in the valuation in Sections 2, 3, and 8. City rate letters will be mailed in mid-May.

4/20/12

Regional Pre-Retirement Conferences

The remaining 2012 conferences for employees who are considering retirement are scheduled in the cities below. These regional events provide valuable information for employees who will be retiring under TMRS. Signup sheets and agendas for the next two conferences are available on the TMRS Calendar or under Training. We post signup sheets and agendas as they become available for each conference.

• McAllen - Tuesday, April 24  
• Longview - Thursday, May 3
• Amarillo - Wednesday, May 30
• Addison - Monday & Tuesday, June 25 & 26
• Hurst - Wednesday, June 27
• Midland - Thursday, July 12

If you are interested in attending one of these conferences, contact your TMRS City Correspondent or send an e-mail to communications@tmrs.com.

2/9/12

2011 Annual Statement Mailing Schedule

The annual account statements for members are scheduled to be mailed on the following dates. The PDFs of the statements will be available through MyTMRS a few days after they mail.

• March 9         Zip codes 00000 - 75999
• March 14       Zip codes 76000 - 77499
• March 19       Zip codes 77500 - 78299
• March 23       Zip codes 78300 - 99999

2/2/12

TMRS Retirees: New Retirement Account Statements Mailed February 1

For the first time, TMRS is mailing all annuitants an account statement showing a snapshot of your retirement account as of January 2012. The statement shows your total gross monthly payment, COLA increase (if any), federal tax withholding, and the total net monthly payment in effect for calendar year 2012. Please note -- this statement replaces the COLA letter that was sent to some retirees in past years. If you have questions or if you do not receive your statement, contact TMRS at 800-924-8677.

1/25/12

1099-Rs Mailing Soon -- and Now Available on MyTMRS

The 1099-R forms for filing annuitants’ taxes are being mailed the week of January 23-30. For quicker access, you can now download your form 1099-R for 2011 from MyTMRS. To register for MyTMRS, click the MyTMRS button on the top right side of the TMRS webpage and follow the instructions. You will receive a verification e-mail, after which you can log in to MyTMRS using your chosen user name and password.

1/11/12

Change-in-CPI Factor for TMRS COLAs

The change in the CPI from December 2009 to December 2010 was approximately 1.5%. A retiree from a city that granted a 70% COLA on January 1, 2011 and January 1, 2012, can expect to see an annuity increase of about 1% beginning with his or her January 2012 monthly benefit payment. Retirees who are receiving a COLA will be notified of the amount in a new Retiree Account Statement to be mailed February 2, 2012.

TMRS cities choose whether or not to provide COLAs to their retirees. A city that chooses a COLA can elect to provide an increase to the retiree’s monthly benefit based on a percentage of the change in the Consumer Price Index (CPI) from the December before retirement through the December that is 13 months prior to the effective date of the COLA. Cities may choose to grant a COLA at 70%, 50%, or 30% of the change in the CPI, less all previously granted annuity increases. COLAs are granted effective January 1 of a given year.