Texas Municipal Retirement System

Texas Municipal Retirement System (TMRS) is a statewide retirement system that provides retirement, disability, and death benefits for employees of participating Texas municipalities. TMRS was established in 1947 by Texas state law and is administered in accordance with the Texas Municipal Retirement System Act (Texas Government Code, Title 8, Subtitle G). Although established under state law, TMRS receives no state funding. TMRS is considered a hybrid "cash balance" or "savings-based" plan that includes features of both traditional defined benefit and defined contribution type plans.

Texas Municipal Retirement System

Texas Municipal Retirement System (TMRS) is a statewide retirement system that provides retirement, disability, and death benefits for employees of participating Texas municipalities. TMRS was established in 1947 by Texas state law and is administered in accordance with the Texas Municipal Retirement System Act (Texas Government Code, Title 8, Subtitle G). Although established under state law, TMRS receives no state funding. TMRS is considered a hybrid "cash balance" or "savings-based" plan that includes features of both traditional defined benefit and defined contribution type plans.