Page 121 - Southlake FY20 Budget

City Profile

TMRS Retirement Contribution Rate

21.00%

19.00%

17.00%

15.00% 12.58%

Contribution Rate 13.00%

11.00%

9.00%

7.00%

5.00%

Calendar Year 2020

This chart reflects a side by side comparison of the Texas Municipal Retirement System (TMRS) contribution rate for
the City of Southlake and its benchmark cities. This chart shows that Southlake’s required contribution rate is lower
than average. As noted previously, the City of Southlake has exceeded the contribution requirement to reduce the
amortization period from 30 years to 25 years.

TMRS Retirement TMRS Retirement
City City
Contribution Rate Contribution Rate
Allen 14.15% Grapevine 18.53%
Arlington 16.29% Hurst 11.11%
Bedford 8.92% Keller 15.96%

Carrollton 12.12% McKinney 15.03%
Colleyville 9.10% North Richland Hills 16.34%
Coppell 15.72% Plano 16.71%
Euless 17.70% Richardson 14.72%
Farmers Branch 19.14% University Park 9.45%
Flower Mound 10.91% Southlake 12.58%

Frisco 14.20%

120 www.CityofSouthlake.com