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.
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.
|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|
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.
12951 Bandera Road
Helotes, TX 78023