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Presented by TMRS Travel Team

TMRS – The Whole Picture. Presented by TMRS Travel Team. The Whole Picture. Review of TMRS Sessions TMRS Member Timelines Proportionate Retirement Lesser Known Topics Q&A, Discussion. Member Timeline. Timeline of TMRS Career. 20-25 years. 5-10 Years. 7 Lifetime Benefit Payment Options.

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Presented by TMRS Travel Team

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  1. TMRS – The Whole Picture Presented byTMRS Travel Team

  2. The Whole Picture • Review of TMRS Sessions • TMRS Member Timelines • Proportionate Retirement • Lesser Known Topics • Q&A, Discussion

  3. Member Timeline

  4. Timeline of TMRS Career 20-25 years 5-10 Years 7 Lifetime Benefit Payment Options

  5. Employment Terminated Refund or Retire (Age 60) Refund – 60 month window

  6. Death of Member Refund or Retire Account Refund to Beneficiary *SDB (if applicable) is paid to beneficiary at death of member

  7. Divorce of Member QDRO

  8. Proportionate Retirement

  9. Proportionate Retirement Program *To qualify for Proportionate Retirement, employee must keep funds in each system.

  10. Lesser Known TMRS topics… • City Portal • Workers Compensation • Occupational Disability • Services

  11. Access TMRS data for your city Access TMRS data for your city’s employees Perform web-based administrative functions pertaining to TMRS What Is the City Portal? Online TMRS access for cities

  12. What Can I Do on the Portal? • Make inquiries on behalf of members • Account balances • Refund status • Payroll information • Generate retirement estimates • Run city reports (e.g., vesting, retirement eligibility • Submit monthly payroll files

  13. Workers Compensation • Subject to TMRS deduction • Employee may pay deposit rate (5%, 6%, or 7%) of workers compensation earnings • City will pay corresponding match

  14. Occupational Disability • Return to work • Employee may return to work at same city without annuity being affected • Must be in a different position

  15. TMRS Services • City visits • Pre-Retirement Seminars • City Correspondent Training • Phone 800.924.8677 • MyTMRS and website • Publications, e-bulletins

  16. Questions & Answers

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