Page 101 - Southlake FY20 Budget

City Profile

TMRS Retirement Contribution Rate

TMRS Contribution Rate Actual City Contribution Rate
15.00%

14.06% 14.06%
14.00%
13.30% 13.30%
12.83% 12.83% 12.82% 12.84%
13.00% 12.14% 12.14% 12.17% 12.17% 12.39% 12.27% 12.48% 12.38% 12.68% 12.49% 12.58%
Contribution Rate 12.00% 11.71% 11.71% 12.05% 12.05% 11.62%

11.00%

10.00%

9.00%

Year

This chart reflects the Texas Municipal Retirement System (TMRS) contribution rate the City of Southlake is required to
pay annually compared to the amount the City has paid. This contribution rate is set by TMRS Since 2016 the City has
exceeded the contribution requirement to reduce the amortization period from 30 years to 25 years.

Calendar Year TMRS Contribution Rate Actual City Contribution
Rate
2009 14.06% 14.06%
2010 12.83% 12.83%
2011 13.30% 13.30%
2012 11.71% 11.71%
2013 12.14% 12.14%
2014 12.05% 12.05%
2015 12.17% 12.17%
2016 11.62% 12.39%
2017 12.27% 12.48%
2018 12.38% 12.68%
2019 12.49% 12.82%
2020* 12.58% 12.84%

*FY 2020 reflects budgeted contribution rate.

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