Public Pensions

The Public Pension page contains information required by the Texas Comptroller of Public Accounts to qualify for the Comptroller's Transparency Stars program. This information will provide a broader understanding of the City's finances.

The City of Sachse's pension plan is provided by the Texas Municipal Retirement System (TMRS).  This retirement program is jointly funded by employees and the City.  TMRS is an agency created by the State of Texas and administered in accordance with the TMRS Act, Subtitle G, Title 8, Texas Government Code. Benefit provisions are adopted by the governing body of the city, within the options available in the state statues governing TMRS.

Public Pension Summary (TMRS Actuarial Valuation 12/31/19)

Funded Ratio:
85.0%
Amortization Period (Yrs):
23.7
Assumed Rate of Return:
6.75%
Total Pension Liability:
$36,498,559
Actuarial Value of Assets:
$31,016,457
Covered Payroll:
$10,185,908
Unfunded Liability Funding Valuation:
$5,482,102
Actuarially Determined Contribution Rate, Contributions for Calendar Year 2020
14.64%
Total Contribution Rate, Contributions for Calendar Year 2020
14.64%
Unfunded Actuarial Accrued Liability as a percent of covered payroll:
15.02%
Active Members:
155
Inactive Members:
138
Annuitants:
85

Actuarial valuations are produced by TMRS on a calendar year basis. The City operates on a fiscal year ending September 30.  Valuations for a given year are used in the following year's City Comprehensive Annual Financial Report. For example, the the 12/31/19 valuation was produced during the City's 2020 fiscal year and used in preparing the City's 2020 Comprehensive Annual Financial Report. The 2019 valuation also set the contribution rate for use in calendar year 2021.

Employer Contributions as percent of payroll visual
Assets vs liabilities funded ratio 2020

Actuarial Valuations

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

2019 TMRS Valuation      2019 Sachse Valuation

2018 TMRS Valuation      2018 Sachse Valuation

2017 TMRS Valuation      2017 Sachse Valuation

2016 TMRS Valuation      2016 Sachse Valuation

2015 TMRS Valuation      2015 Sachse Valuation

TMRS Comprehensive Annual Financial Reports

The Comprehensive Annual Financial Report is TMRS's official annual financial statements, prepared in accordance with Generally Accepted Accounting Principles. TMRS's Annual Report 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.

2019 TMRS Annual Report     

2018 TMRS Annual Report     

2017 TMRS Annual Report     

2016 TMRS Annual Report      

2015 TMRS Annual Report      

TMRS Rate Letters

Rate letters are issued by TMRS, and provide the contribution rate for the following calendar year, a summary of the pension plan funding and position, and information on changes that affect the plan.

2020 Rate Letter for 2021

2019 Rate Letter for 2020

2018 Rate Letter for 2019

2017 Rate Letter for 2018

2016 Rate Letter for 2017

Pension Fund Additions and Deductions Downloadable Data

Provides 5 years of data detailing the additions by source, such as investment income, employer and employee contributions and deduction by use, such as benefit payments, withdrawals, and administrative expenses.

Texas Comptroller of Public Accounts Public Pension Search Tool

Search for details on state and local pension plans in Texas; including TMRS.