presented by tmrs travel team

16
Presented by TMRS Travel Team TMRS – The Whole Picture

Upload: carsyn

Post on 24-Feb-2016

43 views

Category:

Documents


0 download

DESCRIPTION

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. - PowerPoint PPT Presentation

TRANSCRIPT

Page 1: Presented by TMRS Travel Team

Presented byTMRS Travel Team

TMRS – The Whole Picture

Page 2: Presented by TMRS Travel Team

The Whole Picture Review of TMRS Sessions TMRS Member Timelines Proportionate Retirement Lesser Known Topics Q&A, Discussion

2

Page 3: Presented by TMRS Travel Team

3

Member Timeline

Page 4: Presented by TMRS Travel Team

Timeline of TMRS Career

Member Vested Retire

5-10 Years 20-25 years

7 Lifetime Benefit Payment Options

Page 5: Presented by TMRS Travel Team

Employment Terminated

Member Vested Retire

Refund – 60 month window

Refund or Retire (Age 60)

Page 6: Presented by TMRS Travel Team

Death of Member

Member Vested Retire

Refund to Beneficiary

Refund or Retire Account

*SDB (if applicable) is paid to beneficiary at death of member

Page 7: Presented by TMRS Travel Team

Divorce of Member

Member Vested Retire

QDRO

Page 8: Presented by TMRS Travel Team

8

Proportionate Retirement

Page 9: Presented by TMRS Travel Team

Proportionate Retirement ProgramTMRS

ERS

TCDRS

TRS

JRS

COAERS

Retirement Eligible

*To qualify for Proportionate Retirement, employee must keep funds in each system.

Page 10: Presented by TMRS Travel Team

Lesser Known TMRS topics… City Portal Workers Compensation Occupational Disability Services

10

Page 11: Presented by TMRS Travel Team

11

What Is the City Portal?

Online TMRS access for cities Access TMRS data for

your city Access TMRS data for

your city’s employees Perform web-based

administrative functions pertaining to TMRS

Page 12: Presented by TMRS Travel Team

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

Page 13: Presented by TMRS Travel Team

Workers Compensation Subject to TMRS deduction Employee may pay deposit rate (5%, 6%,

or 7%) of workers compensation earnings City will pay corresponding match

13

Page 14: Presented by TMRS Travel Team

Occupational Disability Return to work

Employee may return to work at same city without annuity being affected

Must be in a different position

14

Page 15: Presented by TMRS Travel Team

TMRS Services City visits Pre-Retirement Seminars City Correspondent Training Phone 800.924.8677 MyTMRS and website Publications, e-bulletins

15

Page 16: Presented by TMRS Travel Team

16

Questions&

Answers