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Council approves nonretroactive TMRS cost-of-living adjustment effective Jan. 1, 2026
Summary
The council adopted an ordinance changing the Texas Municipal Retirement System retiree COLA from a retroactive to a nonretroactive calculation while maintaining existing benefit percentages; change effective Jan. 1, 2026.
The Louisville City Council voted 6–0 on Sept. 9 to amend the city's Texas Municipal Retirement System (TMRS) retiree cost-of-living adjustment (COLA) calculation from a retroactive method to a nonretroactive method, while preserving the current benefit levels.
Tad Phillips, director of human resources, told council the ordinance makes the change while maintaining the COLA benefit at 70% and updated service credit at 75%. The change is scheduled to take effect Jan. 1, 2026. Staff said the council previously discussed the item in a workshop earlier in the summer.
Why it matters: the COLA and updated-service-credit arrangements affect retiree benefits administered through TMRS and have budgetary implications for actuarial and payroll planning.
Council discussion at the meeting was brief; no public comments were received on the ordinance during the hearing. The motion to approve the ordinance passed 6–0.
