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Navasota council adopts TMRS changes to shorten retirement eligibility, raise employee contribution
Summary
The Navasota City Council approved an ordinance to change participation in the Texas Municipal Retirement System, allowing 20‑year retirement eligibility and raising the employee contribution from 5% to 6%; the city’s calculated contribution for the year was reported as 11.92%.
The Navasota City Council on Monday approved an ordinance amending the city’s participation in the Texas Municipal Retirement System (TMRS), moving to 20‑year retirement eligibility for full‑time employees and raising the employee contribution rate from 5% to 6%, effective Jan. 1 if adopted as presented.
City staff told council the change was included in the current budget and would be communicated to TMRS for implementation. The staff presentation said…
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