The Texas Municipal Retirement System (TMRS) is the qualified, deferred, retirement plan for all the City of Bryan full-time employees and those part-time employees who regularly exceed 1,000 hours in a calendar year. These employees contribute 7% of their pre-tax pay that is matched on a 2 to 1 basis by the City. Participation is mandatory. Employees may qualify for retirement with 5 years of service at age 60 or 20 years of service at any age. Employees having public service at another entity may apply for time credit.
The City¡¦ of Bryan has adopted these optional TMRS provisions:
„X Restricted Prior Service Credit. Allows an employee to receive time credit only (no money will be added to account) for the following types of previous, full-time employment:
o With any public authority or agency created by the United States
o With any state or territory of the United States
o With any political subdivision of any state in the United States
o With any public agency or authority created by a state or territory or the United States
o As a commissioned law enforcement officer employed as a college campus security employee at a Texas institution of higher education.
o If employed by the State of Texas or any branch, agency, or subdivision of the state and refunded service credit under ERS, TRS, JRS, TCDRS, or TMRS.
„X Military Service Credit. After earning at least ten years with TMRS, an employee may establish credit in TMRS (time and monetary) for active-duty military service. An employee has the option to purchase Military Service Credit by making a lump sum deposit equal to $15 for each month of Military Service Credit purchased (maximum of 60 months) and submitting an application form along with a copy of DD-214 or equivalent.
„X TMRS Buyback of Service Credit. Employees may purchase service credit they have previously refunded by TMRS. The employee must have at least 24 consecutive months of service credit with the City and must re-deposit, in one lump sum, all of the amount previously refunded plus a reinstatement fee equal to 5% of the amount they withdrew for each year since it was refunded.
„X Updated Service Credit (USC). This is a special feature of TMRS plan to increase the value of retirement benefits for members. Generally, USC protects the employee¡¦s benefit by including increases in salary and changes the City may have made to its Plan and assuming those increases and changes have been in effect throughout the employee¡¦s career.
„X Annuity Increases. After retirement with the City, benefit payments may be increased by a maximum of 70% of the Consumer Price Index (CPI) increase.
**Link from Intranet
Some changes require advance notification
TMRS Member Address/Name Change Form
TMRS Not Vested Change of Beneficiary Form
TMRS Vested Change of Beneficiary Form
Employees may "Buyback" previously refunded TMRS Service after 24 consecutive months of employment.
TMRS Application for Restricted Prior Service Credit
TMRS Application for Military Service Credit Purchase