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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, Title ...
This page was last edited on 22 December 2023, at 18:28 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
A percentage of the employee's paycheck is deposited into his or her TCDRS account. That percentage, ranging from 4% to 7%, is set by the employer. The savings grow at an annual, compounded rate of 7%. Once the employee retires, he or she will receive a lifetime benefit that is based on the final account balance and employer matching.
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The 80th Texas Legislature increased the state contribution rate to the Teacher Retirement System of Texas from 6.0% to 6.58% of employee payroll. This, coupled with investment returns of 14.4% in 2007, yielded an actuarial valuation that allowed the pension trust fund to pay the supplemental payment and still have a funding period under 31 years.
Rally offers a suite of account services offered by most financial institutions, including savings accounts, checking accounts, IRA accounts, and CDs. The savings product is named "Share Savings" to reflect the fact that a member's initial savings deposit ($15) literally represents their share of ownership in the credit union.
Another registered user's contributions page. To access the contributions of a logged-in user (named account), go to the user page (e.g., User:Example) and click on the User contributions link listed under the Tools menu on the right-hand side of the screen. This works even if the user page has not been created yet (i.e., an edit box displays ...
The sanctuary is a founding member of North American Primate Sanctuary Alliance (NAPSA) [3] and is accredited by the Global Federation of Animal Sanctuaries. As such, it is not open to the general public as an attraction or zoo. The backstory of six of the chimpanzees at the Center for Great Apes was featured in the TV documentary series Chimp ...