Public Pensions

The City of Lancaster participates in a pension plan provided by the Texas Municipal Retirement System (TMRS). TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8 of Texas Government Code.

Public Pension Summary

Most recently completed fiscal year for which audited financial data is available: 10/01/2017 - 09/30/2018

Funded Ratio83.70%
Amortization Period For Unfunded Portion25.2
One Year Rate of Return 1-2.11%
Three Year Rate of Return 16.31%
Ten Year Rate of Return 16.63%
Assumed Rate of Return 6.75%
Actuarially Determined Contribution Rate, Contributions for Calendar Year 201813.39%
Actuarially Determined Contribution Rate, Contributions for Calendar Year 201913.45%
Total Actual Contribution Rate, Contributions for Calendar Year 201813.52%
Total Actual Contribution Rate, Contributions for Calendar Year 201913.59%
Unfunded Actuarial Accrued Liability (UAAL) (as a % of covered payroll)82.30%

Rates of return presented are calculated using a time-weighted rate of return methodology based upon market values, and are presented gross of investment management fees as reported by TMRS.

Actuarial Determined Contribution Rate 2
Actuarial Value of Assets 2

Historical Actuarial Value of Assets Versus Actuarial Accrued Liability Downloadable Data, provides five years of data detailing actuarial value of assets versus the actuarial accrued liability.

Pension Fund Additions By Source and Deductions by Use Downloadable Data, provides five years of data detailing the additions by source, such as investment income, employer and employee contributions, and deductions by use, such as benefit payments, withdrawals, and administrative expenses.

Actuarial Valuations

Actuarial valuations are used to determine the amount that, when combined with investment earning, should be consistently deposited into a retirement fund to pay promised benefits in full and over the long term.  Actuarial valuations also show the plan’s fund progress.


TMRS Comprehensive Annual Financial Reports (CAFR)

The CAFR is TMRS’s official annual financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP). The TMRS CAFR provides comprehensive financial information including statements of fiduciary net position and changes in fiduciary net position. City specific information can be found in the appendices.

 Texas Comptroller of Public Accounts Public Pension Search Tool

 Follow this link then search for details on state and local pension plans in Texas.