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TEXAS
<br />
<br />MUNICIPAL
<br />
<br /> RETIREMENT SYSTEM
<br />~-,o, ,,.,,,~ ,.~;,,.,.,,,,.,,~ .,~,.,,,.,'~,~ 1o,. >%..,. ,,,,,,,,.,.,.~,./~. ~I,,,~,.,.
<br />P. O. Box 149153 · AUSTIN, TEXAS 78714-9153 · 1200 NORTH I~4T[RSTATE 35 ' Www. TNR$.co~
<br />ADMINISTRATION: (512) 476-7577 Oe TO~L-FRE[ (877) 634-859S ' FAX (512) 476-2903
<br />~V~EMBER SERVICES: TOLL'FREE (800) 924-8677 · Fax: (512) 476'5576
<br />
<br />TO:
<br />
<br />FROM:
<br />
<br />DATE:
<br />
<br />SUBJECT:
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<br />Selected TMRS Cities
<br />
<br /> Gary Anderson, Executive Director
<br />
<br /> January 29, 2004
<br />
<br /> Municipal Election Language for Certain Public Retirement Systems
<br />
<br />According to our records, ~c~ur city is one that covers most of its employees in TMRS,
<br />but also has a separate local plan for firefighters and/or other employees. This past
<br />November, voters approved Proposition 15, a constitutional amendment providing that
<br />certain cities could not reduce certain accrued retirement benefits. This amendment
<br />does not affect your TMRS retirement program, but would apply to your local
<br />firefighter plan.
<br />
<br />FEB 02 2004
<br />
<br />Proposition 15 included a provision which grants affected cities a one-time opportunity to
<br />hold an election, to determine whether or not the city's local retirement plan will be
<br />subject to Prop. 15. This election, if conducted, must be held in May 2004. We have had
<br /> II I t
<br />,everal call, ~rorn e,hes regarrImg ~,s mat~er, and would recommend that you contact the
<br />Legal Department at the Texas Municipal League (TML), who is working with city
<br />attorneys to develop language for the upcoming May election. You may
<br />reach the TML Legal Division at (512) 231-7400.
<br />
<br />If you have other questions we can help you with, please email Joel Romo at
<br />i r0m0~tmr~.c0m or 0all mm at (a l z) zz5,376~.
<br />
<br /> FEB O2 200~
<br />
<br />CITY MANAGER
<br /> PARIS, TEXAS
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