Page 110 - Southlake FY23 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% 12.52% 12.70% 12.47% 12.70% 12.40% 12.70%

CONTRIBUTION RATE 12.00% 11.71% 11.71% 12.05% 12.05% 11.62%

11.00%

10.00%

9.00%

CALENDAR 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 in an effort 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%
2021 12.52% 12.70%
2022 12.47% 12.70%
2023* 12.40% 12.70%
*Reflects budgeted contribution rate.
BUDGET BOOK | FY 2023 City of Southlake 109
WWW.CITYOFSOUTHLAKE.COM