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GRS Snapshot™ for TMRS - Valuation Date: December 31, 2023 

City: 
Valuation Results Member Data Summary Benefit Provisions
Full Retirement Rate: 3.47% Number of Actives: 18 Employee Deposit Rate: 5%
Accrued Liability: $1,776,646 Number of Inactives: 25 Employer Match: 1 : 1
Smoothed Assets: $1,689,227 Number of Annuitants: 8 Vesting: 5 years
Funded Ratio: 95.1% Average Age: 42.5 Retirement Eligibility: 20 years
Active Annual Payroll: $965,345 Average Service: 4.7 Repeating USC: 100% (Transfers)
Repeating COLA: 30% (Retroactive)

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YearActuarial Accrued LiabilityActuarial Value of Assets
2014$1,058,552$989,699
2015$1,181,968$1,070,886
2016$1,294,367$1,150,974
2017$1,392,162$1,238,109
2018$1,377,545$1,258,369
2019$1,433,719$1,329,644
2020$1,517,404$1,428,306
2021$1,619,616$1,523,216
2022$1,681,444$1,581,723
2023$1,776,646$1,689,227