Page 134 - Southlake FY22 Budget
P. 134
CITY PrOFILE
Tmrs reTiremenT COnTriBuTiOn raTe
20.00%
18.00%
16.00%
14.00%
12.33%
12.00%
RATE 10.00%
CONTRIBUTION 8.00%
6.00%
4.00%
2.00%
0.00%
Calendar year 2022
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 in order to reduce
the amortization period from 30 years to 25 years.
TMRS Retirement TMRS Retirement
City City
Contribution Rate Contribution Rate
Allen 14.16% Grapevine 18.54%
Arlington 10.17% Hurst 11.88%
Bedford 16.50% Keller 16.04%
Carrollton 10.83% McKinney 15.02%
Colleyville 9.77% North Richland Hills 16.81%
Coppell 16.27% Plano 16.35%
Euless 17.64% Richardson 14.07%
Farmers Branch 18.55% University Park 8.65%
Flower Mound 11.19% Southlake 12.33%
Frisco 14.25%
BUDGET BOOK | FY 2022 City of Southlake 133
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