Page 116 - CityofSouthlakeFY25AdoptedBudget

TMRS Funded Ratio & Amortization Period

ϯϱ͘Ϭ ϭϬϬ͘ϬϬй

ϵϬ͘ϬϬй
ϯϬ͘Ϭ
ϴϬ͘ϬϬй

Ϯϱ͘Ϭ ϳϬ͘ϬϬй

ϮϬ͘Ϭ ϲϬ͘ϬϬй
ϮϬ͘Ϭ ϱϬ͘ϬϬй
City Profile
DKZd/ d/KE W Z/K ;z Z^Ϳ ϭϱ͘Ϭ ϰϬ͘ϬϬй &hE Z d/K ;йͿ

ϯϬ͘ϬϬй
ϭϬ͘Ϭ

ϱ͘Ϭ ϮϬ͘ϬϬй
ϭϬ͘ϬϬй

Ͳ Ϭ͘ϬϬй

> E Z z Z
Warning Trend: Increasing number of municipal employees per capita

This chart reflects the funded ratio and the amortization period for the City of Southlake’s plan with Texas
Municipal Retirement System (TMRS). The funded ratio is the ratio of the actuarial value of assets to the
actuarial accrued liability. The City’s current funded ratio is 90.50% and, generally, ratios above 80% are
considered to be positive. The amortization period is the period over which the existing unfunded actuarial
accrued liability is projected to be paid off. For the City of Southlake, the period is 20 years. The City is
actively working to raise the funded ratio and lower the amortization period by exceeding the contribution
requirement.

Calendar Year Funded Ratio Amortization Period (years)
2010 81.00% 27.2
2011 83.20% 26.2
2012 86.60% 25.3
2013 84.50% 30.0
2014 88.00% 29.1
2015 87.40% 28.3
2016 87.90% 27.1
2017 88.70% 26.1
2018 88.70% 25.1
2019 89.10% 24.1
2020 90.10% 23.2
2021 91.10% 22.2
2022 90.60% 21.0
2023 90.50% 20.0

116 FY 2025 City of Southlake | Budget Book