TMRS is a statewide retirement system established in 1947 that provides retirement, disability, and death benefits for employees of participating Texas municipalities.
Earlier this week, TMRS mailed an important letter to all city finance personnel, city managers, and city correspondents containing essential information about the forthcoming GASB disclosure requirements, specifically the “User Entity Controls” that are the responsibility of the city and its external auditor. The “Eye on GASB” page has been updated with a copy of the User Entity Controls letter and a link to GASB's Pension Implementation Toolkit.
Annual Statements for TMRS members will be mailed according to this schedule:
|ZIP Codes||Mail Date|
|00000 – 75999||March 13|
|76000 – 77499||March 19|
|77500 – 78299||March 21|
|78300 – 99999||March 25|
The statements will also be available on MyTMRS at the time they mail.
TMRS annuitants will receive their account statements in the mail in the next few business days. If you would like to view your Retirement Account Statement online, you may do so by logging on to MyTMRS.
Governor Rick Perry has appointed James “Jim” Paul Jeffers, City Manager of Nacogdoches, to fill the term of retiring Board member April Nixon, which will end February 2015. See press release for more information.
For 2013 tax preparation purposes, TMRS annuitants will receive their 1099-R forms in the mail before the end of January. If you don’t want to wait, these forms are already posted on the website under MyTMRS. Log on (or register if you haven’t done so) to MyTMRS to view and print your 1099-R form.
Thanks to all who attended the TMRS 2013 Training Annual Seminar. If you were unable to attend, all 2013 Seminar Presentations are available under Events & Training/TMRS Annual Training Seminars.
The TMRS Board of Trustees has adopted updated mortality tables for the calculation of annuities beginning in 2015. A detailed document on this issue to answer questions that members and cities may have is available here. A few key points:
TMRS has hired T.J. Carlson to replace outgoing CIO, Ms. Nancy Goerdel.