City of Troup Pension
The City of Troup is a member of Texas Municipal Retirement System (TMRS) a statewide, multiple employer agent plan. In an agent plan, each participating government’s pension is centrally administered and governed by state statutes but the assets and related pension liabilities for each government are accounted for separately and any unfunded liabilities are solely the obligation of that government. The City of Troup has chosen from a menu of plan options as authorized by TMRS statute. The City of Troup plan provides the following benefit level:
| Employee Deposit Rate | 5.0% |
| City Match | 2 to 1 |
| Vested Requirement | 5 years |
| Service Requirement Eligibility | Vested and age 60 or 25 years and any age |
| Updated Service Crecit | Last Adopted 2011 - Auto Readoption - 100% Transfers |
| Cost of Living Adjustment (COLA) for Retirees | Last Adopted 2011 - Auto Readoption - 70% |
| Military Service Credit | Not Elected |
| Restricted Prior Service Credit | Not Elected |
| Buyback Last Adopted | Not Elected |
| Supplemental Death Benefit for Employees | Yes |
| Supplemental Death Benefit for Retirees | Yes |
Upon retirement the employee account balance, including interest, is combined with the employer match to provide a lifetime annuity based on the employee's age at retirement.
City of Troup Actuarial Information as of December 31, 2025
| Actuarial Accrued Liability (AAL) | $2,583,028 |
| Actuarial Value of Assets (AVA) | $2,320,405 |
| Unfunded Actuarial Accrued Liability | $380,073 |
| Funded Ratio (AVA / AAL) | 89.8% |
| Equivalent Single Amortization Period | 18.1 Years |
| Assumed Rate of Return | 6.75% |
| Valuation Payroll | $995,111 |
| UAAL as a percentage of covered payroll | 26.3% |
| Active Members | 19 |
| Inactive Members | 19 |
| Retirees and Beneficiaries | 12 |
Download Spreadsheet of Actuarial Value of Assets vs Accrued Actuarial Liability
Download Spreadsheet of Net Changes to Fiduciary Position Over Time
Click Here for the Texas Comptroller Public Pension Search Tool(opens in new tab)
Compare Troup's Pension Plan to Other Cities
If citizens want to compare Troup's pension plan to other cities' plans, click on the links for the TMRS Comparison Tool and the TMRS Rate Letters.
TMRS Comparison Tool(opens in new tab)TMRS Rate Letters(opens in new tab)
Investment Allocation and Rates of Return for Fiscal Year 2025
E-mail for GASB questions: Pension Accounting at TMRS
Effective December 31, 2015, the long-term expected rate of return on TMRS pension plan investments is 6.75%. The pension plan's policy in regard to the allocation of invested assets is established and may be amended by the TMRS Board of Trustees. Plan assets are managed on a total return basis with an emphasis on both capital appreciation and the production of income in order to satisfy the short-term and long-term funding needs of TMRS. The long-term expected rate of return on pension plan investments is determined by weighting the expected return for each major asset class by the respective target asset allocation percentage. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:
| Asset Class | Target Allocation | Long-Term Expected Real Rate of Return (Arithmetic) |
|---|---|---|
| Global Equity | 35% | 7.1% |
| Core Fixed Income | 6% | 5.0% |
| Non-Core Fixed Income | 6% | 6.8% |
| Hedge Funds | 5% | 6.4% |
| Private Equity | 13% | 8.5% |
| Private Debt | 13% | 8.2% |
| Real Estate | 12% | 6.7% |
| Infrastructure | 6% | 6.0% |
| Other Private Markets | 4% | 7.3% |
| Total | 100% |
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