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
Texas Municipal Retirement System Highlights: March Board Meeting Casey Srader, TMRS Advisory Board Representative As previously reported, for calendar year 2018, the Texas Municipal Retirement System (TMRS) total fund performance ended at -2.43%, net of fees. Dismal investment returns in the last quarter of 2018, especially in December, negatively impacted the overall calendar year investments. … Read more
TMRS investment staff continue to pursue new investment opportunities in the areas of private equity, real return, and real estate for portfolio diversification as outlined in the TMRS Investment Policy. TMRS staff discussed and reviewed current cash flows and cash levels. TMRS cash needs to continue to evolve as the portfolio has been invested/diversified over … Read more
The TMRS Board met on December 6-7 in Austin. Casey Srader, GFOAT’s representative on the TMRS Advisory Board and the City of Plano’s budget manager, attended the meeting. To view the meeting summary, click here.
PURPOSE OF MEETING: The TMRS Board of Trustees (Board) directed the Chair of the Advisory Committee on Benefit Design to call a meeting of the Committee to provide an overview of the recent Board decisions pertaining to the 86th Legislative Session. The purpose of the meeting was two-fold: To provide an overview of the benefit … Read more