Review City Manager’s Charge to TMRS COLA Study Committee
Recap of Previous Meeting – Why COLA Was Discontinued: (a) Why TMRS Contribution Rates Increased. (b) TMRS Projected Contribution Rate Increases (with COLA) for Garland. (c) Financial Impact to City of Projected TMRS Rate Increases – Additional Funding Required.
Response of TMRS Cities to Increased Contribution Rates: (a) Review of Benefit Building Blocks – Match Ratio, Updated Service Credits, COLA and Other. (b) Matrix of Actions Taken or Planned by Other TMRS Cities. (c) Garland’s Attempt to Create a Second-Tier Plan – What Happened.
Identify Options for Group’s Evaluation (a) Based on the TMRS Benefit Building Blocks – Identify Options and/or Combinations for Group Evaluation and Study.
Oct 28, 2009 Specialty
Review City Manager’s Charge to TMRS COLA Study Committee
Recap of Previous Meeting – Why COLA Was Discontinued: (a) Why TMRS Contribution Rates Increased. (b) TMRS Projected Contribution Rate Increases (with COLA) for Garland. (c) Financial Impact to City of Projected TMRS Rate Increases – Additional Funding Required.
Response of TMRS Cities to Increased Contribution Rates: (a) Review of Benefit Building Blocks – Match Ratio, Updated Service Credits, COLA and Other. (b) Matrix of Actions Taken or Planned by Other TMRS Cities. (c) Garland’s Attempt to Create a Second-Tier Plan – What Happened.
Identify Options for Group’s Evaluation (a) Based on the TMRS Benefit Building Blocks – Identify Options and/or Combinations for Group Evaluation and Study.