By Casey Srader, TMRS Advisory Board Representative The TMRS Board met June 25-26. Due to the coronavirus, Thursday’s meeting was closed to the public but made available via webcast; Friday’s meeting was executive session only. The purpose of Friday’s meeting was to conduct executive director interviews to replace David Gavia, who retired. The TMRS Board … Read more
By Casey Srader, TMRS Advisory Board Representative Agenda Item #1 – Consider and Act on Consent Agenda and Receive Report on Private Market Investments TMRS staff member TJ Carlson gave the Board an overview of recent major transactions, buys, liquidations, and terminations The Investment Committee approved all items. This process represents the newly adopted process … Read more
Dear GFOAT Members, Due to these challenging times of COVID-19, TMRS is keeping you, your employees, and your community in our thoughts and prayers. I’d like to remind you that you have a contact at TMRS – me. I’m available to assist you and your employees with any TMRS questions and issues anytime. TMRS is … Read more
By Casey Srader, TMRS Advisory Board Representative Gabriel, Roeder, Smith & Company (GRS) recommended crediting the Benefit Accumulation Fund (BAF) interest equal to approximately 15.42 percent, which will be credited based on the beginning of year market value BAF balance for each City. This will increase the initial Interest Reserve Account from 290 million to … Read more
Article by Casey Srader, TMRS Advisory Board Representative The TMRS board has two new members in 2020 – Anali Alanis, assistant city manager of Pharr, and Juan Diego “Johnny” Huizar, city manager of Pleasanton. Anali replaces Jim Jeffers of Nacogdoches, who retired in January 2020. Johnny replaces Jim Parrish of Plano, who retired in 2019. … Read more
The TMRS Board Meeting scheduled for Friday, December 6, was canceled due to a lack of a quorum. However, many of the items on the agenda that were scheduled for Friday, December 6, were covered during the Thursday, December 5 meeting. Gearing up for a new year, the TMRS Board approved the 2020 TMRS Operating … Read more
The TMRS Board meeting scheduled for Thursday, October 31, ended up being an abbreviated meeting due to the illness of the Board Chair Bill Philibert, who was at the meeting not feeling well. Also, as a result, the scheduled meeting for Friday, November 1, was canceled. Things are in full swing to find a replacement … Read more
The TMRS Board Meeting was held in Austin, September 26-27. Agenda Item #1: Receive presentations and consider and act on selection of search firm for executive director position The board spent nearly three hours on this item, indicating its importance. The board wants to sustain the positive efforts that David Gavia has brought to the … Read more
Summer has certainly not slowed things down when it comes to TMRS happenings. Since the last meeting in June, Jim Parrish has resigned from the TMRS Board and his position in the City of Plano to pursue other opportunities. As a result of Parrish’s resignation from the Board, two vacancies on internal committees needed to … Read more
By now, many of you have probably heard that TMRS Executive Director David Gavia has announced his retirement, effective May 2020. David will be missed as he has done a tremendous job during his tenure. One very exciting thing to report is that the TMRS bill (S.B. 1337), which was crafted by TMRS legal staff, … Read more