Public Pensions
Public Pensions
The City of Helotes participates as one of 860 plans, in the nontraditional, joint-contributory, hybrid-defined benefit benefit pension plan administered by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code (the TMRS Act) as an agent multiple-employer retirement system for municipal employees in Texas.
TMRS Independence Auditor’s Report
The TMRS Act places the general administration and management of the system with an six member board of trustees. Although, the Texas Governor, with the advice from the Senate, appoints the Board, TMRS is not fiscally dependence on the State of Texas. TMRS issues a publicly available comprehensive annual financial report (CAFR) that can be obtained at TMRS.com.
Click here to access the Texas Comptroller’s Public Pension Search Tool.
TMRS Overview
| Employee Deposit Rate | Municipal Matching Ration | Updated Service Credit Rate / Year | Annuity Increase Rate / Year | Military Service Credit |
|---|---|---|---|---|
| 7% | 2-1 | 100% / 2013 | 70% / 2013 | 3-1 |
| Vesting | Retirement Eligibility | Prior Service Credit | Supp. Death Benefits | Contributing Members |
| 5 Years | 5 Years Age 60 20 Years Any Age | 3-1 | Employees & Retirees | 63 |
Pension Plan Audits
The most recent audits for the City’s pension plan are listed below, including statements of fiduciary net positon and changes in fiduciary net position.
- FYE 2017 – Detailed Pension Plan Audit – GASB Compliance
- FYE 2017 – Municipal Contribution Requirements
- FYE 2016 – Municipal Contribution Requirements
- FYE 2015 – Detailed Pension Plan Audit – GASB Compliance
- FYE 2014 – Pension Plan Audit
- FYE 2013 – Pension Plan Audit
- FYE 2012 – Pension Plan Audit
- FYE 2011 – Pension Plan Audit
Finance
Taby Durr
Finance Director
Phone: 210-695-5915
Fax: 210-695-2123
12951 Bandera Road
Helotes, TX 78023