1 / 16

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.

Download Presentation

Presented by TMRS Travel Team

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  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

More Related