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Elgin approves 1 percentage‑point TMRS employee contribution increase, selects non‑retro COLA option
Summary
Council adopted an ordinance to raise mandatory TMRS employee contributions from 7% to 8% effective Jan. 1, 2026, and approved a non‑retroactive repeating COLA option designed to limit long‑term liabilities while improving recruitment and retention.
The Elgin City Council approved an ordinance on Nov. 18 to increase the mandatory employee contribution rate to the Texas Municipal Retirement System (TMRS) from 7% to 8% effective Jan. 1, 2026, and to authorize non‑retroactive repeating cost‑of‑living adjustments for retirees.
Pamela Sanders, the city's human resources director, said the 8% contribution level is a newly available option for participating TMRS cities and is intended as a recruitment and retention tool.…
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