Texas Municipal Retirement System (TMRS)

Actuarial Information as of December 31, 2019

Actuarial accrued liability (AAL)
Actuarial value of assets (AVA)
Unfunded actuarial accrued liability (UAAL)
Funded Ratio (AVA/AAL)
Equivalent Single Amortization Period as of 1/2021

Assumed rate of return

Valuation Payroll
UAAL as a percent of covered payroll
$801,787,865
  732,851,995
    68,935,870
            91.4%
     16.5 years

            6.75%

  113,998,687
            60.5%
Public Pensions star

Actuarial and Financial

TMRS Actuarial Value of Assets vs Liabilities

View downloadable data

The following documents can be found under the Actuarial Reports and Financial Reports tab at the TMRS website- Actuarial valuations for at least the past 5 years.

Actuarial Reports (PDF)

- Annual Reports for at least the past 5 years.

TMRS Financial Reports

Historical Investment Returns 

Assumed Return 6.75%

1-Year Return 14.70%
3-Year Return 8.40%
5-Year Return 6.40%
10-Year Return 6.90%

TMRS historical return

Source: TMRS 2019 Comprehensive Annual Financial Report 

Contributions

Actuarially Determined Contribution (ADC) rate - A target or recommended contribution to a defined benefit pension plan for the reporting period, determined in conformity with Actuarial Standards of Practice based on the most recent measurement available when the contribution for the reporting period was adopted.

TMRS Contribution Rate