Town of Argo approves supplemental death benefits for municipal retirement system

The Argyle Town Council meeting on August 18, 2025, focused on several key issues, including the approval of a document scanning project and discussions surrounding a proposed supplemental death benefits fund for town employees.

The council unanimously approved a contract with M C I MCCI for a document scanning project, which is expected to enhance the town's record-keeping efficiency. The project will cost approximately $100,000, and council members emphasized the importance of ensuring it is the right investment for the town's future.

A significant topic of discussion was Ordinance 2025-29, which proposes participation in the supplemental death benefits fund through the Texas Municipal Retirement System (TMRS). This ordinance would provide a benefit equal to an employee's annual salary if they pass away while actively employed, and a $7,500 benefit for retirees. Council members raised questions about the rationale behind introducing this benefit and the implications for the town's budget. Currently, the town contributes 12.5% to the TMRS, exceeding the minimum required rate to maintain a fully funded status.

The cost to implement the supplemental death benefit would be an additional 0.22% of the total payroll, which was deemed manageable by council members. However, some expressed the need to consider this benefit in the context of the overall employee compensation package. The council ultimately decided to approve the ordinance, recognizing the marginal increase in costs as a worthwhile investment in employee welfare.

In addition to these discussions, the council reviewed changes to health insurance providers, noting a shift to Cigna, which has received positive feedback from employees. The overall cost of employee benefits is projected to increase by 4.3% from the previous fiscal year, reflecting adjustments in health insurance and other related services.

The meeting concluded with a commitment to continue evaluating employee benefits and ensuring the town remains financially responsible while supporting its workforce.