The City of Anna and three of its component units participate in the Texas Municipal Retirement System (TMRS), a nontraditional, joint contributory, hybrid defined benefit pension plan. TMRS is an agent multiple-employer retirement system created by the State of Texas and administered under the TMRS Act, Subtitle G, Title 8, Texas Government Code.
TMRS provides pension coverage for municipal employees across Texas. The system is governed by a six-member Board of Trustees appointed by the Governor with Senate confirmation. This hybrid structure allows the City of Anna to offer retirement security to its municipal workforce while sharing administrative oversight with the state-level pension authority.
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Frequently Asked Questions
What pension system does the City of Anna use?
The City of Anna and three component units participate in the Texas Municipal Retirement System (TMRS), a nontraditional, joint contributory, hybrid defined benefit pension plan administered by the State of Texas.
Who governs the Texas Municipal Retirement System?
TMRS is governed by a six-member Board of Trustees appointed by the Governor with advice and consent of the Texas Senate, operating under the TMRS Act, Subtitle G, Title 8, Texas Government Code.