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Retirement

Texas Municipal Retirement System (TMRS)
The City of San Antonio offers a mandatory retirement plan to its full-time non-uniformed employees upon their date of hire with the City. This retirement plan is administered by Texas Municipal Retirement System.  Contact TMRS at 1-800- 924-8677 or on the web at www.tmrs.com with questions or for more information.

  • The employee contribution to the plan is 6% of salary. 
  • City’s contribution is 2 times employee contribution.
  • Employees become 100% vested after 5 years of service.
  • Criteria for retirement: 5 years of service at age 60, or 20 years of service at any age.

Deferred Compensation (457) Programs
The City of San Antonio provides employees an additional way to put even more money toward retirement directly from their paycheck through a Section 457 Deferred Compensation Plan. The plan is designed to be a supplement to the City’s mandatory retirement plan and is an additional way to invest long-term.

Nationwide Retirement Solutions and ICMA Retirement Corporation are the City’s deferred compensation providers. Representatives from these companies are on-site at the City’s Human Resources Department weekly. Contact Human Resources Customer Service at 210-207-8705 to schedule an appointment with a provider or for more information on how to enroll.

More About Deferred Compensation:

  • The minimum contribution for deferred compensation is $10 per pay period.
  • The maximum contribution for 2014 is $17,500.
  • For employees over age 50, the maximum contribution for 2014 is $22,500.
  • There are 26 payroll deductions for deferred compensation per calendar year.

ICMA-RC
1-800-735-7202

www.icmarc.com
A local representative is on-site at the Human Resources Department at 111 Soledad every Thursday.


Nationwide Retirement Solutions
1-877-677-3678
www.nrsforu.com
A local representative is on-site at the Human Resources Department at 111 Soledad every Tuesday.