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The Texas Municipal Retirement System ( TMRS) is a statewide retirement system that provides retirement, disability, and death benefits for employees of participating Texas municipalities. TMRS was established in 1947 by Texas state law and is administered in accordance with the Texas Municipal Retirement System Act (Texas Government Code ...
Odessa American, Texas. April 24, 2024 at 8:02 PM. Apr. 24—AUSTIN — Governor Greg Abbott has appointed Tommy Gonzalez and Roel "Roy" Rodriguez, P.E. to the Texas Municipal Retirement System ...
Apr. 26—Governor Greg Abbott has appointed Midland City Manager Tommy Gonzalez to the Texas Municipal Retirement System Board of Trustees for a term to expire Feb. 1, 2029. The board oversees ...
As of July 2022, unfunded liabilities for statewide plans totaled $1.2 trillion. Statewide retirement systems account for the bulk of unfunded liabilities in the US. State Pension plans account for approximately 88% of all unfunded liabilities of non-federal retirement systems.
In September 2022, the Texas Municipal Retirement System committed $150 million to the fund. In July 2023, Blue Owl Capital made a $2 billion 13.5% minority investment in Stonepeak, valuing the firm at approximately $15 billion. The firm is noted for having numerous ex-Macquarie Group employees in its ranks.
Voters will decide on a $3.3 billion proposed amendment that would use surplus state funds to give retired teachers a cost of living raise.
Teacher Retirement System of Texas: $146,326 $146,326 79.7% 8.0% 7 New York State Teachers: $115,637 $115,637 94.2% 7.5% 8 State of Wisconsin Investment Board: $109,960 $105,155 N/A N/A 9 North Carolina Retirement: $106,946 $96,094 88.3% 7.3% 10 Washington State Investment Board: $104,260 $86,615 85.5% 7.7% 11 Ohio Public Employees Retirement ...
Texas County & District Retirement System. Created in 1967 by the Texas Legislature, the Texas County & District Retirement System (TCDRS) works with county and district employers to provide retirement, disability and survivor benefits to Texans. The system receives no funding from the State of Texas. Each plan is funded independently by the ...