Page 128 - Southlake FY23 Budget

CITY PROFILE

tmrS retirement Contribution rate

20.00%

18.00%

16.00%
14.00%
12.70%
12.00%

RATE 10.00%
CONTRIBUTION 8.00%

6.00%
4.00%

2.00%

0.00%

CalenDar year 2023

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 14.46% Grapevine 18.98%
Arlington 9.65% Hurst 11.45%
Bedford 16.80% Keller 15.91%

Carrollton 10.84% McKinney 15.09%
Colleyville 9.98% North Richland Hills 17.19%
Coppell 16.55% Plano 16.60%
Euless 17.71% Richardson 14.33%
Farmers Branch 18.96% University Park 8.17%
Flower Mound 11.02% Southlake 12.70%

Frisco 14.12%

BUDGET BOOK | FY 2023 City of Southlake 127
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