Page 132 - CityofSouthlakeFY27Budget

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TMRS FUNDED RATIO & AMORTIZATION PERIOD

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 90.60% 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 18.1 years.
The City is actively working to raise the funded ratio and lower the amortization period by exceeding
the contribution requirement.

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Calendar Year Funded Ratio Amortization Period (years)
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
2024 90.00% 19.1
2025 90.60% 18.1

132 FY 2027 City of Southlake | Budget Book FY 2027 City of Southlake | Budget Book 133