Loading...
2015_Actuarial_ValuationY ` � 1 I� � k � � � � 1 � � � ' a � � i t May 20, 2016 Gabriel Roeder Smith Company 5605 N. MacArthur Blvd. 469.524.0000 phone Consultants & Actuaries Suite 870 469.524.0003 fax lrving,'FX 75038 -2631 wwwgabrielroeder.com Board of Trustees Texas Municipal Retirement System Austin, Texas Dear Members of the Board: Subject: Actuarial Valuation Report ( "our Report ") of the Texas Municipal Retirement System ( "TMRS ") as of December 31, 2015 This is the December 31, 2015 actuarial valuation of the Texas Municipal Retirement System ( "TMRS" or the "System ") which determines the contribution rates for the calendar year beginning January 1, 2017. This report describes the current actuarial condition of TMRS, determines recommended employer contribution rates, and analyzes changes in these contribution rates. The results presented herein may not be applicable for other purposes. This report reflects the benefit provisions and contribution rates in effect for each of the 866 separate employer plans participating in TMRS. Separate liabilities and contribution rates are determined for each of the member cities. Valuations are prepared annually as of December 31st, the last day of the plan year. The employer contribution rates for the units participating in TMRS are certified annually by the Board of Trustees (the "Board "), which is the intended user of this report. These rates are determined actuarially, based on the plan provisions in effect as of the valuation date and the actuarial assumptions and methodology adopted by the Board. The Board's current policy is that the contribution rates determined by a given actuarial valuation become effective one (1) year after the valuation date. For example, the rates determined by this December 31, 2015 actuarial valuation will be applicable for the calendar year beginning January 1, 2017 and ending December 31, 2017. . Financing objectives and funding policy The actuarial cost method and the amortization periods are set by Board policy. Contribution rates and liabilities are computed using the Entry Age Normal actuarial cost method. This method was adopted effective December 31, 2013. In TMRS, a city's actuarially determined contribution rate consists of two components: the employer normal cost contribution rate and the prior service contribution rate. Both rates are determined as a percentage of active member payroll. In addition, a supplemental death benefit rate is determined annually for each participating employer, if applicable. These supplemental death benefit rates are listed in Section 5 of our Report. Members of the Board May 20, 2016 Page 2 Progress toward realization of financing objectives The funded ratio (the ratio of the actuarial value of assets to the actuarial accrued liability) is a standard measure of a plan's funded status. Given the plan's contribution allocation procedure, if all actuarial assumptions are met (including the assumption of the plan earning 6.75% on the actuarial valuation of assets) and absent future benefit changes, it is expected that: 1. The employer normal cost as a percentage of payroll will remain level, 2. The unfunded actuarial accrued liability will be fully amortized after a maximum of 30 years for each city, and 3. The funded status of each city will converge gradually towards a 100% funded ratio. The funded ratio of TMRS as a whole is 85.8% and is unchanged from the prior valuation. However, prior to the recognition of the approximately $262 million increase in the accrued liability due to changes related to the experience study discussed on page 3, the funded ratio would have increased to 86.6 %. This preliminary increase in the funded ratio from the prior valuation is due to liability gains primarily resulting from valuation salaries which increased less than assumed and the upcoming cost of living adjustment being smaller than assumed. These gains were partially offset by a loss due to an investment return of 6.69% on an actuarial value of assets basis being less than the assumed rate of 7.0% in effect for the prior valuation. (Please note that each city is responsible for its own assets and liabilities and will have its own funded ratio.) On a market value of assets basis, the funded ratio of TMRS as a whole is 83.5 %. Unless otherwise indicated, each funded status measurement presented in this report is based upon the actuarial accrued liability and the actuarial value of assets. Unless otherwise indicated, with regards to any funded status measurements presented in this report: 1. The measurement is inappropriate for assessing the sufficiency of plan assets to cover the estimated cost of settling the plan's benefit obligations. 2. The measurement would produce a different result if the market value of assets were used instead of the actuarial value of assets. Benefit provisions and changes The benefit provisions reflected in this valuation are those which were in effect as of April 1, 2016. In addition to the 859 plans that are actively participating in TMRS, there are another seven (7) plans that are in inactive status. No new plan provisions occurred during 2015 that impacted the valuation results, other than individual changes adopted by the various municipalities. Of the 859 active cities, 581 (68 %) have adopted annually repeating updated service credits. In addition, 459 (53 %) of the cities have adopted annually repeating annuity increases. However, the larger participating employers have almost all adopted annually repeating benefits. Therefore, of the 106,894 actively contributing members, 87% are covered under an annually 4 # , Members of the Board May 20, 2016 Page 3 repeating updated service credit benefit structure and 69% are covered under an annually repeating annuity increase structure. Seven municipalities began participation in the System during 2015. Exhibit VI in Section 1 of our Report shows these cities, the number of contributing members, total payroll, and the 2017 retirement rates. There were 48 cities which modified their pension benefit provisions since the prior valuation. Of these municipalities, 45 adopted changes which increased their Unfunded Actuarial Accrued Liability (UAAL), while 3 cities adopted changes which decreased their liabilities. A summary of these changes is provided in Section 7 of our Report, and the impact on each city's calculated retirement rate is shown in Section 3. The aggregate benefit changes and seven new cities increased the overall liability of the System by $36.5 million. Assumptions and methods All actuarial assumptions and methods are described under Section 6 of our Report. Except for healthy post- retirement mortality and the mortality assumption used to develop the Annuity Purchase Rates (APRs), the current actuarial assumptions were developed from the actuarial investigation of the experience of TMRS over the five year period from January 1, 2010 to December 31, 2014. These assumptions were adopted in 2015 and were first used in this valuation. Significant changes since the prior valuation include lowering the assumed inflation and nominal investment return, decreasing the termination and forfeiture rates, lowering assumed salary increases, and reducing assumed cost of living increases due to lower assumed inflation. Please see the Actuarial Experience Investigation Study report dated November 18, 2015 for a detailed discussion of the analysis and changes to assumptions. Healthy post - retirement mortality rates and the APRs used to annuitize members' account balances at retirement were updated based on the mortality experience investigation study dated December 31, 2013. In. addition, in conjunction with these changes in 2013, the Board adopted a change in the actuarial cost method from Projected Unit Credit to Entry Age Normal and a one -time change to the amortization policy as described in Section 6 of this report. The results of the actuarial valuation are dependent on the actuarial assumptions used. Actual results can and almost certainly will differ, as actual experience deviates from the assumptions. Even seemingly minor changes in the assumptions can materially change the liabilities, calculated contribution rates and funding periods. The actuarial calculations presented in our Report are intended to provide information for rational decision making. The actuarial assumptions and methods used in our Report comply with the parameters for disclosure that appear in Governmental Accounting Standards Board Statement Number 67. Data The TMRS staff supplied data for retired, active and inactive members as of December 31, 2015. We did not audit this data, but we did apply a number of tests to the data, and we concluded that it was reasonable and consistent with the prior year's data. The TMRS staff also supplied asset I.. Members of the Board May 20, 2016 Page 4 and financial information as of December 31, 2015. Actuarial Certification This report is a summary of the actuarial valuation results. Additional detailed results are provided in the TMRS Comprehensive Annual Financial Report (CAFR). All of our work conforms with generally accepted actuarial principles and practices, and with the Actuarial Standards of Practice issued by the Actuarial Standards Board. In our opinion, our calculations also comply with the requirements of the TMRS Act and, where applicable, the Internal Revenue Code and the Statements of the Governmental Accounting Standards Board. The undersigned are independent actuaries. They all are Members of the American Academy of Actuaries, meet all of the Qualification Standards of the American Academy of Actuaries, and are experienced in performing valuations for large public retirement systems. Respectfully submitted, Gabriel, Roeder, Smith & Company Mark R. Randall, MAAA, FCA, EA Chief Executive Officer Brad Stewart, MAAA, ASA, EA Consultant Joseph P. Newton, MAAA, FSA, EA Senior Consultant Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Table of Contents Section 1 Executive Summary Table of Contents Section 2 2017 Contribution Rates, Including a Comparison with 2016 Rates Section 3 Reconciliation of Full Contribution Rates from Prior Valuation Report Section 4 Comparison of Expected City Contribution Dollar Amounts for 2016 and 2017 Section S Supplemental Death Rates Section 6 Summary of Actuarial Assumptions and Methods Section 7 Summary of Benefit Provisions Section 8 Individual City Reports SECTION I Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Executive Summary Pension Trust Section 1 Item 2015 2014 Membership • Member cities 866 859 • Number of - Active members 106,894 104,019 - Retirees and beneficiaries 56,481 53,455 - Inactive members 50,707 45,054 - Total 214,082 202,528 • Valuation Payroll (Projected next year) $ 5.851 billion $ 5.575 billion • Prior Year Payroll $ 5.684 billion $ 5.375 billion Minimum Contribution Rates FY 2017 FY 2016 • Straight average 8.79% 8.28% • Dollar weighted average 13.02% 12.60% Assets • Market value $ 23.708 billion $ 23.727 billion • Estimated yield on market value 0.1% 5.7% • Member contributions $ 376.1 million $ 355.4 million • Employer contributions 751.7 million 719.9 million • Benefit, refund, and expense payments 1,182.1 million 1,101.8 million • Net external cash flow (54.3) million (26.5) million Actuarial Information - Pension Trust • Actuarial accrued liability (AAL) $ 28.379 billion $ 26.647 billion • Unfunded actuarial accrued liability (UAAL) $ 4.031 billion $ 3.786 billion • UAAL as % of pay 70.9% 70.4% • Funded ratio 85.8% 85.8% • Employer normal cost % - Aggregate 8.41% 7.86% • Actuarially Determined Employer Contribution - Aggregate 13.24% 12.63% • Equivalent Single Amortization Period 20.6 years 20.9 years Number of Member Cities with: • Increase in Full Rate 699 202 • Decrease in Full Rate 135 615 • No change in Full Rate 18 26 • New cities 7 10 • Benefit changes (retirement only) 48 46 Changes in the UAAL • Interest $ 267.6 million $ 286.4 million • Amortization payments (273.9) million (286.4) million • Asset experience 71.1 million (96.3) million • Assumption/Methods changes 261.8 million 0.0 million • Liability experience (76.7) million (191.0) million • Benefit modifications/New Cities 36.5 million 64.1 million • Contributions different than actuarially calculated (41.7) million (17.5) million $ 244.7 million $ (240.7) million • Total Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Executive Summary Supplemental Death Trust Section I Item 2015 2014 Membership (TMRS Active Cities) • Cities with only active coverage 3 3 - Number of members with active only coverage 449 418 • Cities with active and retiree coverage 740 740 - Number of members covered - Active members 70,838 68,973 - Retirees 25,819 24,569 - Inactive members 7,921 7,672 - Total 104,578 101,214 - Valuation Payroll (Projected next year) $ 3.848 billion $ 3.661 billion - Prior Year Payroll $ 3.708 billion $ 3.526 billion Average Contribution Rates For Participating Cities FY 2017 FY 2016 • Straight Average - Active coverage 0.16% 0.17% - Retiree coverage 0.05% 0.05% • Dollar Weighted Average - Active coverage 0.14% 0.14% - Retiree coverage 0.04% 0.04% Actuarial Information - OPEB Trust • Actuarial accrued liability (AAL) $ 154.7 million $ 145.4 million • Fund Value of Assets 21.1 million 22.7 million • Unfunded actuarial accrued liability (UAAL) $ 133.6 million $ 122.7 million • UAAL as % of pay 3.6% 3.5% • Funded ratio 13.6% 15.6% • Employer normal cost $ 6.4 million $ 6.0 million • GASB Annual Required Contribution $ $ 12.6 million $ 11.8 million • GASB Annual Required Contribution % of Payroll 0.33% 0.32% Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Section 1 Exhibit I Summary of Systemwide Actuarial Valuation Results L Valuation Results for Employer Plans 1. Actuarial accrued liability (AAL) a. Contributing Members b. Noncontributing Members c. Annuitants d. Total AAL 2. Actuarial value of assets (AVA) a. Benefit Accumulation Fund (Smoothed) b. Interest Reserve Account c. Perpetual Endowment d. Expense Fund e. Total AVA 3. Total unfunded actuarial accrued liability (UAAL) [ 1 d - 2e] 4. Funded Ratio [2 / 11 IL Valuation Results for Pooled Benefits 1. Actuarial present value of future benefits from the Supplemental Disability Benefits Fund for annuities in effect 2. Actuarial value of assets of the Supplemental Disability Benefits Fund 3. Unfunded /(overfunded) actuarial accrued liability [UAAL /(OAAL)] in Supplemental Disability Benefits Fund [1 - 2] 4. Funded Ratio [2 / I ] December 31, 2015 December 31, 2014 $ 14,418,534,533 $ 13,749,350,477 2,344,330,504 2,128,994,032 11,615,487,746 10,768,530,757 $ 28,378,352,783 $ 26,646,875,266 $ 24,217,092,499 $ 22,731,118,751 100,231,497 99,337,496 17,306,171 15,031,254 12,570,411 14,911,314 $ 24,347,200,578 $ 22,860,398,815 $ 4,031,152,205 $ 3,786,476,451 85.8% 85.8% $ 547,465 $ 591,911 $ 530,830 $ 581,227 $ 16,635 $ 1.0,684 97.0% 98.2% Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Exhibit H Plan Net Assets - Pension Trust (Assets at Market Value) 1. Market value of assets at beginning of year 2. Revenue for the year a. Contributions i. Employee ii. Employer iii. Total Contributions b. Net investment income i. Interest and dividends ii. Net apprec /(deprec) in fair value of investments iii. Net securities lending income iv. Investment expenses V. Net investment income C. Miscellaneous d. Total revenue 3. Expenditures for the year a. Benefit payments i. Retirement benefits ii. Disability benefits iii. Partial lump sum payments iv. Total benefit payments b. Refund of contributions C. Administrative expenses d. Allocation to supplemental death benefits fund e. Total expenditures 4. Increase in net assets (Item 2d + Item 3e) 5. Market value of assets at end of year (Item 1 + Item 4) Section 1 Valuation of December 31, 2015 December 31, 2014 $ 23,727,477,926 $ 22,468,633,624 $ 376,103,505 $ 355,413,935 751,708,718 719,904,310 $ 1,127,812,223 $ 1,075,318,245 $ 354,568,887 $ 322,383,177 $ (284,634,170) 980,540,406 1,859,314 3,636,366 $ (36,782,602) $ (21,215,770) $ 35,011,429 $ 1,285,344,179 $ 3,900 $ 29,491 $ 1,162,827,552 $ 2,360,691,915 $ (937,848,878) $ (861,959,010) $ (16,775,098) (16,873,699) (148,161,053) (149,739,411) $ (1,102,785,029) $ (1,028,572,120) $ (56,975,269) $ (58,723,123) (21,325,422) (13,419,567) (1,057,178) (1,132,803) $ (1,182,142,898) $ (1,101,847,613) $ (19,315,346) $ 1,258,844,302 $ 23,708,162,580 $ 23,727,477,926 Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Exhibit III Development of Actuarial Value of Assets Benefit Accumulation Fund (BAF) Only 1. Actuarial value of assets at January 1 (34,1.41,362) 2. Net external cash flow 7.00% a. Employer and employee contributions 1,591,178,313 b. Benefits and refunds paid 24,288,155,702 c. Subtotal 23,577,523,671 3. Assumed rate of investment return for 2015 (710,632,031) 4. Expected investment return for 2015 (Item 1 x Item 3) 5. Expected actuarial value of assets at December 31 (Item 1+ Item 2c + Item 4) 6. Market value of assets at December 31 7. Difference (Item 6 - Item 5) 8. Development of amounts to be recognized at December 31, 2015: Fiscal Remaining Deferrals Year of Excess (Shortfall) Offsetting of Net Deferrals Years End of Investment Income Gains /(Losses) Remaining Remaining (1) (2) (3) ° (1) + (2) (4) 2015 $ (710,632,031) $ 0 (710,632,031) 10 Total $ (710,632,031) $ 0 $ (710,632,031) 9. Preliminary Actuarial value of assets at December 31 (Item 6 - Item 8) 10. Corridor Limits a. 85% of market value b. 115% of market value c. 33% adjustment back to corridor limits (if applicable) 11. Final actuarial value of assets at December 31 (Item 9 + Item 10c) 12. Asset gain (loss) for year (Item 1.1 - Item 5) 13. Return on the Actuarial Value of Assets 14. Ratio of actuarial value to market value Section I Year Ending December 31, 2015 $ 22,731,118,751 $ 1,126,917,355 (1,161,058,717) $ (34,1.41,362) this valuation 7.00% $ 1,591,178,313 $ 24,288,155,702 $ 23,577,523,671 $ (710,632,031) Recognized for Remaining after this valuation this valuation (5) _ (3) / (4) (6) — (3) - (5) $ (71,063,203) $ (639,568,828) $ (71,063,203) $ (639,568,828) $ 24,217,092,499 $ 20,040,895,120 27,114,152,222 $ 24,217,092,499 $ (71,063,203) 6.69% 102.7% Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 EXHIBIT IV Texas Municipal Retirement System CHANGES IN CONTRIBUTION RATES FROM 2016 TO 2017, WITHOUT IMPACT OF STATUTORY MAXIMUM OR PHASE -IN CITIES WITH 500 OR MORE CONTRIBUTING MEMBERS CITY NAME RETIREMENT PLAN CONTRIBUTION RATES ONLY NORMAL, COST PRIOR SERVICE 2016 2017 2016 2017 TOTAL, CHANGE Abilene 6.89% 7.70% 3.13% 156% 1.24% Allen 10.10% 10.43% 3.61% 3.51% 0.23% Amarillo 6.43% 7.23% 4.53% 5.17% 1.44% Arlington 8.57% 9.3]'% 6.36% 6.27% 0.65% Baytown 9.33% 9.90% 8.07% 7.48% -0.02% Beaumont 9.14% 9.82% 10.03% 9.88% 0.53% Brownsville 10.31% 10.57% 7.43% 7.03% -0.14% Brownsville PUB 9.94% 10.27% 7.46% 7.27% 0.14% Bryan 8.64% 8.92% 6.40% 6.37% 0.25% Carrollton 7.56% 8.41% 3.92% 4.03% 0.96% College Station 8.33% 8.67% 4.45% 4.73% 0.62% Corpus Christi 3.98% 4.72% 6.00% 6.00% 0.74% Denton 9.46% 10.09% 277% 721% 0.07% Edinburg 7.69% 8.43% 6.87% 6.42% 0.29% Flower Mound 7.61% 8.00% 1.57% 2.21% 1.03% Frisco 10.75% 1126°/ 3.25°% 2.90% 0.16% Garland 8.10% 8.54% 2.20% 2.37% 0.61% Georgetown 8.25% 9.06% 3.22% 337% 0.96% Grand Prairie 9.44% 10.12% 6.22% 6.04% 0.50% Grapevine 11.04% 11.49% 8.02% 7.57% 0.00% Irving 8.94% 9.48% 4.39% 495% 1.10% Killeen 4.97% 5.71% 3.29% 3.91% 1.36% Laredo 9,39% 10.05 % 11.90% 1 1.11 % -0.13% Lewisville 9.63% 10.17% 6.64% 6.38% 0.28% Longview 6.57% 7.31% 3.29% 3.79% 1.24% Lubbock 9.66% 9.99% 8.30% 7.96% -0.01% McAllen 4.39% 4.90% 2.27% 3.00% 1.24% McKinney 11.47% 11.61% 3.71% 3.69% 0.12% Mesquite 4.75% 5.58% 5.54% 6.43% 1.72% Midland 8.51% 8.72% 6.51% 6.14% -0.16% Mission 6.08% 6.43% 1.78% 2.01% 0.58% New Braunfels 11.13% 11.16% 6.10% 538% -0.29% North Richland Hills 10.60% 11.01% 5.66% 5.32% 0.07% Odessa 7.54% 8.02% 5.85% 6.00% 0.63% Pasadena 8.61% 9.31% 4.09% 435% 0.96% Pearland 9.98% 10.20% 3.39% 3.41% 0.24% Pharr 4,29% 5.23% 2.23% 238% 1,49% Plano 11.05% 11.35% 6.39% 597% -0.12% Port Arthur 6.47% 6.92% 7.14% 6.71% 0.02% Richardson 7.13% 7.99% 6.19% 6.59% 1.26% Round Rock 10.38% 10.87% 5.02% 4.68% 0.15% San Angelo 8,07% 8.55'% 9.02% 9.13% 0.59% San Antonio 6.21% 6.87% 4.26% 4.48% 0.88% San Antonio Water System 1.99% 2.09% 1.70% 1.58 % -0.02% San Marcos 9.71% 10.26% 7.78% 7.24% 0.01% Sugar Land 10.92% 11.12% 3.79% 333% 0.14% Temple 9.48% 10.18% 6.37% 6.18% 0.51% Tyler 8.43% 9.32% 12.20% 11.43% 0.12% Victoria 7.22% 7.77'% 9.46% 8.78% -0.19% Waco 6.85% 7.54% 6.11% 6.42% 1.00% Wichita Falls 4.87% 5.51% 205% 7.03% 0.62% Average, - 51 Cities 8.17% 8.71 % 5.65% 5.61 % 0.50 Section I Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Section 1 EXHIBIT V TEXAS MUNICIPAL RETIREMENT SYSTEM CITIES WITH THE 2017 RETIREMENT RATE (INCLUDING PHASE -IN, IF APPLICABLE) AT THE STATUTORY MAXIMUM, BASED ON THE DECEMBER 31, 2015 VALUATION CITY NAME 2016 RETIREMENT PLAN ONLY FULL PHASE IN RATE MINIMUM 2017 . RETIREMENT PLAN ONLY FULL PHASE IN RATE MINIMUM RATE LIMITED TO STATUTORY MAXIMUM Diboll 13.54% 12.98% 14.30% 13.98% 13.50% Forney 14.10% 13.20% 13.57% 13.57% 13.50% Freeport 13.77% 13.21% 14.36% 14.24% 13.50% Hawkins 13.33% 1.3.33% 14.97% 13.83% 13.50% Highland Village 13.20% 13.20% 13.64% 13.64% 13.50% Hunters Creek Village 14.00% 12.15% 16.62% 14.24% 13.50% Jacksboro 13.76% 13.42% 13.91% 13.91% 13.50% Kennedale 14.22% 13.33% 14.30% 13.91% 13.50% Kirby 13.11% 13.11% 14.35% 14.12% 13.50% Lucas 13.32% 13.1.5% 13.75% 13.75% 13.50% Pearland 13.37% 13.37% 13.61% 13.61% 13.50% Robinson 13.17% 13.17% 14.68% 14.04% 13.50% Sachse 13.42% 13.03% 14.05% 14.05% 13.50% Watauga 13.16% 13.16% 13.73% 13.66% 13.50% White Deer 7.09% 7.09% 7.72% 7.72% 7.50% Wolfforth 11.05% 11.05% 11.76% 11.76% 11.50% Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 TEXAS MUNICIPAL RETIREMENT SYSTEM Section 1 CITY NUMBER CITY NAME PARTICIPATION DATE CONTRIBUTING MEMBERS ANNUAL COMPENSATION NORMAL COST PRIOR SERVICE TOTAL 00206 Burton 07 -15 1 $ 35,315 1.64% 7.79% 9.43% 00311 Covington 10 -15 2 $ 68,161 3.29% 3.34% 6.63% 00393 East Bernard 05 -15 4 $ 112,923 3.98% 2.56% 6.54% 00690 Kerens 11 -15 11 $ 391,013 1.98% 5.85% 7.83% 01037 Providence Village 12 -15 5 $ 374,870 5.37% 1.80% 717% 01200 Soutlunayd 03 -15 6 $ 167,542 2.15% 5.89% 8.04% 01312 Valley Mills 03 -15 6 $ 170,705 2.07% 0.22% 2.29% SECTION 2 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 1 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 4 Abernathy 22 17 2.68% 0.49% 3.17% 0.29% 3.46% 2.40% 0.87% 3.27% 0.27% 3.54% 0.08% 3.54% 7.50% 6 Abilene 1,002 1,031 6.89% 3.13% 10.02% 0.25% 10.27% 7.70% 3.56% 11.26% 0.25% 11.51% 1.24% 10.83% NO MAX 7 Addison 256 265 7.75% 1.58% 9.33% 0.17% 9.50% 8.14% 2.13% 10.27% 0.17% 10.44% 0.94% 10.00% 15.50% 10 Alamo 128 123 4.79% 2.48% 7.27% 0.19% 7.46% 4.92% 2.47% 7.39% 0.18% 7.57% 0.11% 7.57% 9.50% 12 Alamo Heights 97 96 10.16% 6.87% 17.03% 0.19% 17.22% 10.42% 6.51% 16.93% 0.19% 17.12% -0.10% 17.12% NO MAX 14 Alba 5 5 1.57% 0.88% 2.45% 0.18% 2.63% 1.71% 1.36% 3.07% 0.15% 3.22% 0.59% 3.10% NO MAX 16 Albany 17 15 3.68% 0.73% 4.41% 0.37% 4.78% 3.92% 0.77% 4.69% 0.31% 5.00% 0.22% 5.00% 9.50% 17 Aledo 16 14 6.51% 0.52% 7.03% 0.18% 7.21% 6.82% 0.81% 7.63% 0.17% 7.80% 0.59% 6.59% NO MAX 18 Alice 234 240 6.02% 3,31% 9.33% 0.00% 9.33% 6.44% 3.02% 9.46% 0.00% 9.46°% 0.13% 9.46% 11.50% 19 Allen 689 710 10.10% 3.61% 13.71% 0.14% 13.85% 10.43% 3.51% 13.94% 0.14% 14.08% 0.23% 14.08% NO MAX 20 Alpine 52 53 2.88% -2.51% 0.37% 0.21% 0.58% 3.47% -2.26% 1.21% 0.20% 1.41% 0.83% 1.07% 11.50% 22 Alto 11 11 8.33% 0.77% 9.10% 0.18% 9.28% 9.41% 1.26% 10.67% 0.19% 10.86% 1.58% 8.58% 13.50% 23 Alton 74 77 11.30% 1.09% 12.39% 0.11% 12.50% 11.99% 1.46% 13.45% 0.12% 13.57% 1.07% 10.53% 13.50% 24 Alvarado 56 57 3.98% 0.48% 4.46% 0.13% 4.59% 4.60% 0.64% 5.24% 0.13% 5.37% 0.78% 5.09% NO MAX 26 Alvin 215 214 9.33% 7.56% 16.89% 0.15% 17.04% 10.07% 7.73% 17.80% 0.16% 17.96% 0.92% 17.96% NO MAX 28 Alvord 7 7 4.58% 1.16% 5.74% 0.17% 5.91% 5.05% 1.98% 7.03% 0.16% 7.19% 1.28% 6.55% NO MAX 30 Amarillo 1,764 1,772 6.43% 4.53% 10.96% 0.00% 10.96% 7.23% 5.17% 12.40% 0.00% 12.40% 1.44% 11.70% NO MAX 32 Amherst 5 4 3.74% 2.50% 6.24% 0.00% 6.24% 4.07% -0.72% 3.35% 0.00% 3.35 % -2.89% 3.35% NO MAX 34 Anahuac 7 7 7.56% 0.97% 8.53% 0.30% 8.83% 5.95% 0.41% 6.36% 0.17% 6.53% -2.30% 6.53% NO MAX 36 Andrews 65 70 8.24% 7.42% 15.66% 0.00% 15.66% 8.90% 6.61% 15.51% 0.00% 15.51% -0.15% 15.51% NO MAX 38 Angleton 119 121 7.45% 4.46% 11.91% 0.22% 12.13% 7.60% 4.27% 11.87% 0.22% 12.09% -0.04% 12.09% 12.50% 40 Anna 44 52 12.00% 2.24% 14.24% 0.13% 14.37% 12.58% 1.91% 14.49% 0.11% 14.60% 0.23% 13.62% NO MAX 41 Annetta 2 1 2.23% 0.06% 2.29% 0.09% 2.38% 2.84% 0.67% 3.51% 0.07% 3.58% 1.20% 3.45% NO MAX 44 Anson 24 20 1.11% - 0.05% 1.06% 0.25% 1.31% 1.11% 0.12% 1.23% 0.27% 1.50% 0.19% 1.50% 7.50% 45 Anthony 35 35 1.21% 1.55% 2.76% 0.14% 2.90% 1.42% 1.70% 3.12% 0.13% 3.25% 0.35% 3.25% NO MAX 48 Aransas Pass 101 97 6.99% 3.88% 10.87% 0.15% 11.02% 7.57% 3.64% 11.21% 0.16% 11.37% 0.35% 11.37% NO MAX 50 Archer City 18 18 3.03% 0.40% 3.43% 0.21% 3.64% 3.55% 0.62% 4.17% 0.27% 4.44% 0.80% 4.33% 9.50% 51 Argyle 23 22 11.86% 3.13% 14.99% 0.00% 14.99% 11.28% 2.92% 14.20% 0.00% 14.20 % -0.79% 14.20% NO MAX 52 Arlington 2,462 2,460 8.57% 6.36% 14.93% 0.15% 15.08% 9.31% 6.27% 15.58% 0.15% 15.73% 0.65% 15.58% NO MAX 54 Arp 8 9 2.11% -0.66% 1.45% 0.23% 1.68% 2.41% -0.29% 2.12% 0.23% 2.35% 0.67% 2.18% 7.50% 60 Aspermont 6 7 1.12% -1.12% 0.00% 0.17% 0.17% 1.41% -1.41% 0.00% 0.16% 0.16% -0.01% 0.16% 7.50% 62 Athens 117 121 10.25% 10.96% 21.21% 0.20% 21.41% 10.50% 10.67% 21.17% 0.19% 21.36% -0.05% 21.36% NO MAX 64 Atlanta 40 40 3.34% 0.76% 4.10% 0.21% 4.31%1 3.49% 0.78% 4.27% 0.22% 4.49%1 0.18%1 4.49%1 7.50% Page 1 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 2 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 66 Aubrey 49 46 2.74% -0.72% 2.02% 0.13% 2.15% 3.54% -0.18% 3.36% 0.15% 3.51% 1.36% 2.96% 11.50% 74 Avinger 1 1 3.59% - 2.24% 1.35% 0.33% 1.68% 3.98% - 1.79% 2.19% 0.28% 2.47% 0.79% 2.13% 9.50% 75 Azle 109 113 8.01% 3.87% 11.88% 0.16% 12.04% 8.38% 3.74% 12.12% 0.17% 12.29% 0.25% 12.29% 12.50% 77 Baird 12 12 1.30% - 1.30% 0.00% 0.13% 0.13% 1.59% - 0.79% 0.80% 0.14% 0.94% 0.81% 0.94% NO MAX 78 Balch Springs 167 171 9.31% 4.79% 14.10% 0.15% 14.25% 9.66% 4.74% 14.40% 0.15% 14.55% 0.30% 14.55% NO MAX 79 Balcones Heights 49 53 11.02% 7.42% 18.44% 0.20% 18.64% 11.15% 6.92% 18.07% 0.18% 18.25% -0.39% 18.04% NO MAX 80 Ballinger 37 40 3.07% 0.41% 3.48% 0.27% 3.75% 3.32% 0.45% 3.77% 0.27% 4.04% 0.29% 4.04% 7.50% 82 Balmorhea 1 1 1.36% -1.36% 0.00% 0.07% 0.07% 1.66% -1.66% 0.00% 0.07% 0.07% 0.00% 0.07% NO MAX 83 Bandera 14 19 10.00% - 0.17% 9.83% 0.40% 10.23% 9.95% -0.56% 9.39% 0.35% 9.74% -0.49% 9.74% NO MAX 84 Bangs 14 14 10.60% 2.83% 13.43% 0.38% 13.81% 10.79% 2.00% 12.79% 0.30% 13.09% -0.72% 13.09% NO MAX 90 Bartlett 16 11 7.12% 0.03% 7.15% 0.15% 7.30% 7.95% -1.06% 6.89% 0.20% 7.09% -0.21% 6.40% 11.50% 91 Bartonville 5 7 7.09% 5.41% 12.50% 0.09% 12.59% 8.05% 7.22% 15.27% 0.09% 15.36% 2.77% 13.01% NO MAX 92 Bastrop 109 113 8.04% 2.83% 10.87% 0.16% 11.03% 8.52% 3.05% 11.57% 0.17% 11.74% 0.71% 11.54% 12.50% 94 Bay City 156 161 5.50% 4.13% 9.63% 0.23% 9.86% 5.79% 4.17% 9.96% 0.23% 10.19% 0.33% 10.19% 11.50% 93 Bayou Vista 8 7 3.70% - 0.89% 2.81% 0.23% 3.04% 4.53% - 0.65% 3.88% 0.25% 4.13% 1.09% 4.13% NO MAX 96 Baytown 749 774 9.33% 8.07% 17.40% 0.16% 17.56% 9.90% 7.48% 17.38% 0.16% 17.54% -0.02% 17.54% NO MAX 98 Beaumont 1,012 988 9.14% 10.03% 19.17% 0.00% 19.17% 9.82% 9.88% 19.70% 0.00% 19.70% 0.53% 19.67% NO MAX 100 Bedford 327 334 4.78% 3.24% 8.02% 0.00% 8.02% 5.59% 3.35% 8.94% 0.00% 8.94% 0.92% 8.52% NO MAX 101 Bee Cave 40 40 8.09% 1.20% 9.29% 0.14% 9.43% 8.70% 1.36% 10.06% 0.14% 10.20% 0.77% 8.54% 13.50% 102 Beeville 114 124 3.29% - 3.04% 0.25% 0.00% 0.25% 3.61% - 2.57% 1.04% 0.00% 1.04% 0.79% 0.75% 11.50% 106 Bellaire 144 148 11.35% 9.85% 21.20% 0.23% 21.43% 11.30% 9.57% 20.87% 0.21% 21.08% -0.35% 21.08% NO MAX 109 Bellmead 76 72 7.42% 1.58% 9.00% 0.19% 9.19% 8.14% 0.85% 8.99% 0.20% 9.19% 0.00% 9.19% 12.50% 110 Bells 11 11 1.50% - 1.48% 0.02% 0.13% 0.15% 1.64% - 1.41% 0.23% 0.10% 0.33% 0.18% 0.33% NO MAX 112 Bellville 56 56 5.70% 8.30% 14.00% 0.29% 14.29% 6.37% 8.39% 14.76% 0.28% 15.04% 0.75% 15.01% NO MAX 114 Belton 162 167 5.41% 1.43% 6.84% 0.17% 7.01% 6.00% 1.55% 7.55% 0.16% 7.71% 0.70% 7.50% 11.50% 118 Benbrook 110 114 11.18% 6.17% 17.35% 0.16% 17.51% 11.32% 5.62% 16.94% 0.15% 17.09 % -0.42% 17.09% NO MAX 121 Berryville 3 3 2.79% -1.13% 1.66% 0.50% 2.16% 3.27% -0.55% 2.72% 0.23% 2.95% 0.79% 2.75% 9.50% 123 Bertram 10 10 1.49% -0.07% 1.42% 0.00% 1.42% 1.80% 0.03% 1.83% 0.00% 1.83% 0.41% 1.83% 7.50% 124 Big Lake 25 26 7.53% 10.80% 18.33% 0.27% 18.60% 7.38% 10.15% 17.53% 0.24% 17.77% -0.83% 17.77% NO MAX 126 Big Sandy 12 12 0.95% 1.73% 2.68% 0.31% 2.99% 1.22% 1.91% 3.13% 0.32% 3.45% 0.46% 3.45% 7.50% 128 Big Spring 184 194 8.22% 7.89% 16.11% 0.22% 16.33% 8.90% 8.03% 16.93% 0.22% 17.15% 0.82% 16.83% NO MAX 132 Bishop 22 22 2.76% 0.99% 3.75% 0.29% 4.04% 105% 0.58% 3.63% 0.26% 3.89% -0.15% 3.89% 11.50% 134 Blanco 12 16 1.64% - 0.30% 1.34% 0.29% 1.63%1 1.69% - 0.03% 1.66% 0.23% 1.89%1 0.26%1 1.89%1 7.50% Page 2 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 3 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 140 Blooming Grove 5 5 5.77% 1.95% 7.72% 0.13% 7.85% 6.34% 3.75% 10.09% 0.13% 10.22% 2.37% 9.38% 11.50% 142 Blossom 4 4 5.83% - 2.73% 3.10% 0.63% 3.73% 5.80% - 2.17% 3.63% 0.48% 4.11% 0.38% 4.08% 11.50% 143 Blue Mound 17 23 4.38% 0.15% 4.53% 0.11% 4.64% 4.87% 0.27% 5.14% 0.11% 5.25% 0.61% 5.14% NO MAX 144 Blue Ridge 3 5 1.21% - 0.92% 0.29% 0.27% 0.56% 1.97% - 0.74% 1.23% 0.19% 1.42% 0.86% 1.29% NO MAX 148 Boerne 219 230 10.73% 7.06% 17.79% 0.16% 17.95% 11.55% 6.77% 18.32% 0.16% 18.48% 0.53% 18.45% NO MAX 150 Bogata 8 9 1.76% -1.76% 0.00% 0.28% 0.28% 1.90% -1.83% 0.07% 0.22% 0.29% 0.01% 0.29% 7.50% 152 Bonham 108 110 3.52% 0.76% 4.28% 0.00% 4.28% 4.12% 0.93% 5.05% 0.00% 5.05% 0.77% 4.78% 10.50% 154 Booker 11 12 5.20% 0.04% 5.24% 0.20% 5.44% 5.65% 0.04% 5.69% 0.27% 5.96% 0.52% 5.96% 9.50% 156 Borger 161 164 8.56% 6.56% 15.12% 0.22% 15.34% 9.51% 5.42% 14.93% 0.20% 15.13% -0.21% 15.13% NO MAX 158 Bovina 8 11 1.04% - 1.04% 0.00% 0.28% 0.28% 1.21% - 1.17% 0.04% 0.17% 0.21% -0.07% 0.21% 7.50% 160 Bowie 82 84 6.52% 2.98% 9.50% 0.18% 9.68% 6.95% 3.35% 10.30% 0.17% 10.47% 0.79% 10.41% 11.50% 162 Boyd 16 16 3.60% - 0.47% 3.13% 0.00% 3.13% 3.80% -0.32% 3.48% 0.00% 3.48% 0.35% 3.48% 11.50% 166 Brady 85 89 7.13% 2.90% 10.03% 0.26% 10.29% 8.31% 2.32% 10.63% 0.23% 10.86% 0.57% 10.76% 12.50% 170 Brazoria 25 27 5.48% 2.66% 8.14% 0.20% 8.34% 6.18% 2.51% 8.69% 0.19% 8.88% 0.54% 8.83% 11.50% 172 Breckenridge 71 73 4.06% 3.23% 7.29% 0.23% 7.52% 4.66% 3.14% 7.80% 0.23% 8.03% 0.51% 8.02% NO MAX 174 Bremond 6 6 5.02% 10.10% 15.12% 0.28% 15.40% 6.07% 12.23% 18.30% 0.32% 18.62% 3.22% 16.43% NO MAX 176 Brenham 205 194 3.24% 2.83% 6.07% 0.00% 6.07% 3.72% 3.33% 7.05% 0.00% 7.05% 0.98% 6.57% 11.50% 177 Bridge City 58 54 9.60% 5.29% 14.89% 0.28% 15.17% 9.42% 5.67% 15.09% 0.30% 15.39% 0.22% 15.39% NO MAX 178 Bridgeport 59 60 9.38% 4.00% 13.38% 0.18% 13.56% 9.01% 4.43% 13.44% 0.15% 13.59% 0.03% 13.59% 13.50% 180 Bronte 3 3 1.58% 7.42% 9.00% 0.16% 9.16% 1.95% 10.48% 12.43% 0.14% 12.57% 3.41% 10.81% NO MAX 182 Brookshire 36 36 4.77% - 0.94% 3.83% 0.16% 3.99% 5.37% -0.33% 5.04% 0.15% 5.19% 1.20% 4.53% 11.50% 184 Brownfield 86 87 4.70% 2.98% 7.68% 0.00% 7.68% 5.45% 2.17% 7.62% 0.00% 7.62% -0.06% 7.62% NO MAX 10188 Brownsville 1,142 1,127 10.31% 7.43% 17.74% 0.17% 17.91% 10.57% 7.03% 17.60% 0.16% 17.76% -0.15% 17.76% NO MAX 20188 Brownsville PUB 562 570 9.94% 7.46% 17.40% 0.17% 17.57% 10.27% 7.27% 17.54% 0.19% 17.73% 0.16% 17.73% NO MAX 10190 Brownwood 218 223 8.35% 5.66% 14.01% 0.00% 14.01% 8.66% 5.12% 13.78% 0.00% 13.78% -0.23% 13.78% NO MAX 30190 Brownwood Health Dept. 12 12 7.84% 1.91% 9.75% 0.00% 9.75% 8.28% 2.78% 11.06% 0.00% 11.06% 1.31% 10.36% NO MAX 20190 Brownwood Public Library 9 12 5.19% -2.14% 3.05% 0.00% 3.05% 5.64% -1.44% 4.20% 0.00% 4.20% 1.15% 4.03% 11.50% 195 Bruceville -Eddy 13 13 5.29% -0.82% 4.47% 0.18% 4.65% 5.69% -0.45% 5.24% 0.17% 5.41% 0.76% 4.83% 11.50% 192 Bryan 824 858 8.64% 6.40% 15.04% 0.00% 15.04% 8.92% 6.37% 15.29% 0.00% 15.29% 0.25% 15.29% NO MAX 193 Bryson 3 3 1.83% - 1.83% 0.00% 0.00% 0.00% 2.28% -2.28% 0.00% 0.00% 0.00% 0.00% 0.00% 9.50% 194 Buda 70 74 11.46% 2.20% 13.66% 0.15% 13.81% 12.23% 2.60% 14.83% 0.15% 14.98% 1.17% 13.34% 13.50% 196 Buffalo 16 16 4.47% - 0.41 % 4.06% 0.34% 4.40% 4.69% 0.01% 4.70% 0.33% 5.03% 0.63% 4.89% 11.50% 198 Bullard 22 24 5.84% 1.53% 7.37% 0.25% 7.62%1 5.88% 1.81% 7.69% 0.15% 7.84%1 0.22%1 7.81%1 11.50% Page 3 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 4 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 203 Bulverde 22 24 7.26% 0.98% 8.24% 0.11% 8.35% 7.58% 1.63% 9.21% 0.11% 9.32% 0.97% 8.87% NO MAX 199 Bunker Hill Village 7 8 10.23% -0.45% 9.78% 0.19% 9.97% 10.78% 0.60% 11.38% 0.18% 11.56% 1.59% 10.60% NO MAX 200 Burkburnett 70 73 6.51% 3.52% 10.03% 0.21% 10.24% 6.49% 2.97% 9.46% 0.22% 9.68% - 0.56% 9.68% NO MAX 202 Burleson 312 320 9.92% 5.18% 15.10% 0.13% 15.23% 10.40% 5.02% 15.42% 0.13% 15.55% 0.32% 15.55% NO MAX 204 Burnet 109 110 8.67% 3.63% 12.30% 0.16% 12.46% 9.00% 3.74% 12.74% 0.17% 12.91% 0.45% 12.91% 13.50% 206 Burton N/A 1 1.71% 7.25% 8.96% 0.10% 9.06% 1.64% 7.79% 9.43% 0.10% 9.53% 0.47% 9.53% NO MAX 207 Cactus 23 30 2.56% - 0.32% 2.24% 0.16% 2.40% 2.87% - 0.27% 2.60% 0.15% 2.75% 0.35% 2.75% 10.50% 208 Caddo Mills 13 13 5.28% 0.61% 5.89% 0.14% 6.03% 5.39% 0.91% 6.30% 0.14% 6.44% 0.41% 6.44% NO MAX 210 Caldwell 56 56 5.62% 3.15% 8.77% 0.37% 9.14% 5.86% 3.24% 9.10% 0.34% 9.44% 0.30% 9.44% 11.50% 212 Calvert 11 11 1.76% - 1.07% 0.69% 0.25% 0.94% 2.13% - 0.81% 1.32% 0.30% 1.62% 0.68% 1.62% NO MAX 214 Cameron 42 44 5.17% 4.95% 10.12% 0.26% 10.38% 5.21% 5.17% 10.38% 0.27% 10.65% 0.27% 10.65% NO MAX 220 Canadian 20 20 7.89% 7.06% 14.95% 0.13% 15.08% 7.93% 7.01% 14.94% 0.15% 15.09% 0.01% 15.09% NO MAX 222 Canton 64 66 7.48% 3.77% 11.25% 0.25% 11.50% 8.02% 4.21% 12.23% 0.21% 12.44% 0.94% 11.96% NO MAX 224 Canyon 82 84 10.04% 6.93% 16.97% 0.18% 17.15% 10.75% 5.64% 16.39% 0.19% 16.58% - 0.57% 16.58% NO MAX 227 Carmine 1 1 2.89% -1.18% 1.71% 0.11% 1.82% 2.80% -1.48% 1.32% 0.09% 1.41% -0.41% 1.41% 7.50% 228 Carrizo Springs 49 54 4.39% 0.63% 5.02% 0.24% 5.26% 4.68% 0.53% 5.21% 0.21% 5.42% 0.16% 5.42% 9.50% 230 Carrollton 781 803 7.56% 3.92% 11.48% 0.00% 11.48% 8.41% 4.03% 12.44% 0.00% 12.44% 0.96% 11.98% NO MAX 232 Carthage 77 80 8.57% 10.09% 18.66% 0.25% 18.91% 9.07% 9.16% 18.23% 0.24% 18.47% - 0.44% 18.47% NO MAX 231 Castle Hills 61 63 7.61% 4,51% 12.12% 0.18% 12.30% 7.99% 3.59% 11.58% 0.20% 11.78% - 0.52% 11.78% NO MAX 234 Castroville 36 41 6.97% 2.10% 9.07% 0.31% 9.38% 7.39% 1.78% 9.17% 0.30% 9.47% 0.09% 9.47% 11.50% 238 Cedar Hill 324 324 9.01% 3.59% 12.60% 0.15% 12.75% 9.71% 3.93% 13.64% 0.15% 13.79% 1.04% 13.39% NO MAX 239 Cedar Park 395 401 8.07% 3.47% 11.54% 0.11% 11.65% 8.82% 3.76% 12.58% 0.11% 12.69% 1.04% 12.31% 13.50% 240 Celeste 2 4 1.33% 7.70% 9.03% 0.12% 9.15% 2.37% 5.07% 7.44% 0.20% 7.64% -1.51% 7.64% NO MAX 242 Celina 58 77 5.92% - 0.73% 5.19% 0.13% 5.32% 6.66% - 0.29% 6.37% 0.14% 6.51% 1.19% 6.06% 13.50% 244 Center 68 71 9.28% 7.32% 16.60% 0.18% 16.78% 10.02% 6.62% 16.64% 0.19% 16.83% 0.05% 16.83% NO MAX 246 Centerville 6 5 4.30% 12.14% 16.44% 0.00% 16.44% 5.48% 13.17% 18.65% 0.00% 18.65% 2.21% 16.94% NO MAX 247 Chandler 23 24 1.84% 2.88% 4.72% 0.24% 4.96% 2.04% 2.54% 4.58% 0.24% 4.82% - 0.14% 4.82% NO MAX 248 Charlotte 8 10 4.05% 2.24% 6.29% 0.13% 6.42% 4.62% 2.38% 7.00% 0.14% 7.14% 0.72% 7.14% 9.50% 249 Chester 2 2 6.26% -5.71% 0.55% 0.81% 1.36% 6.91% - 3.48% 3.43% 0.35% 3.78% 2.42% 1.65% NO MAX 245 Chico 7 9 2.03% 1.23% 3.26% 0.39% 3.65% 2.23% 1.44% 3.67% 0.36% 4.03% 0.38% 4.03% NO MAX 250 Childress 64 64 8.47% 6.24% 14.71% 0.23% 14.94% 9.28% 5.73% 15.01% 0.27% 15.28% 0.34% 15.28% NO MAX 253 Chireno 6 7 8.80% 9.98% 18.78% 0.20% 18.98% 9.54% 9.09% 18.63% 0.18% 18.81% - 0.17% 18.81 % NO MAX 254 Christine 1 1 0.41% -0.41% 0.00% 0.00% 0.00% 0.71% -0.71% 0.00% 0.00% 0.00% 0.00% 0.00% NO MAX Page 4 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 5 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 255 Cibolo 108 116 10.47% 1.57% 12.04% 0.13% 12.17% 11.23% 1.59% 12.82% 0.13% 12.95% 0.78% 12.07% 13.50% 256 Cisco 33 34 4.24% - 1.98% 2.26% 0.20% 2.46% 4.45% -2.01% 2.44% 0.21% 2.65% 0.19% 2.65% 9.50% 258 Clarendon 14 15 2.23% -1.77% 0.46% 0.30% 0.76% 2.68% -1.39% 1.29% 0.30% 1.59% 0.83% 1.50% 9.50% 259 Clarksville 30 31 5.96% - 2.33% 3.63% 0.23% 3.86% 6.46% - 1.90% 4.56% 0.20% 4.76% 0.90% 4.59% 11.50% 260 Clarksville City 4 4 3.92% - 2.96% 0.96% 0.34% 1.30% 5.29% - 1.82% 3.47% 0.15% 3.62% 2.32% 2.20% NO MAX 263 Clear Lake Shores 15 15 8.42% 2.34% 10.76% 0.16% 10.92% 8.76% 2.34% 11.10% 0.19% 11.29% 0.37% 11.29% 12.50% 264 Cleburne 281 282 9.12% 9.08% 18.20% 0.20% 18.40% 9.43% 9.17% 18.60% 0.21% 18.81% 0.41% 18.81% NO MAX 266 Cleveland 72 78 5.82% 4.04% 9.86% 0.27% 10.13% 6.55% 4.01% 10.56% 0.24% 10.80% 0.67% 10.60°1% 11.50% 268 Clifton 24 25 1.67% - 0.94% 0.73% 0.28% 1.01% 1.90% -0.50% 1.40% 0.28% 1.68% 0.67% 1.63% 7.50% 271 Clute 87 82 8.59% 1.37% 9.96% 0.19% 10.15% 9.70% 1.15% 10.85% 0.19% 11.04% 0.89% 10.65% 13.50% 272 Clyde 30 32 9.32% 3.54% 12.86% 0.19% 13.05% 9.72% 3.36% 13.08% 0.19% 13.27% 0.22% 13.27% 13.50% 274 Coahoma 5 5 5.83% - 1.24% 4.59% 0.29% 4.88% 6.49% -0.35% 6.14% 0.29% 6.43% 1.55% 5.60% 11.50% 276 Cockrell Hill 32 33 8.81% - 0.85% 7.96% 0.14% 8.10% 8.95% - 0.80% 8.15% 0.14% 8.29% 0.19% 7.69% 13.50% 278 Coleman 64 68 8.02% 9.71% 17.73% 0.00% 17.73% 8.89% 7.89% 16.78% 0.00% 16.78% -0.95% 16.78% NO MAX 280 College Station 805 858 8.33% 4.45% 12.78% 0.00% 12.78% 8.67% 4.73% 13.40% 0.00% 13.40% 0.62% 13.28% NO MAX 281 Colleyville 180 181 8.49% -0.91% 7.58% 0.15% 7.73% 8.78% -0.35% 8.43% 0.14% 8.57% 0.84% 8.24% 13.50% 282 Collinsville 7 7 1.85% -1.19% 0.66% 0.23% 0.89% 2.12% -0.75% 1.37% 0.25% 1.62% 0.73% 1.62% 8.50% 283 Colmesneil 3 4 2.74% 3.96% 6.70% 0.08% 6.78% 3.25% 5.36% 8.61% 0.06% 8.67% 1.89% 7.64% NO MAX 284 Colorado City 43 42 7.45% 0.73% 8.18% 0.30% 8.48% 8.34% 0.79% 9.13% 0.33% 9.46% 0.98% 9.05% 12.50% 286 Columbus 37 37 8.24% 4.91% 13.15% 0.19% 13.34% 8.61% 5.16% 13.77% 0.20% 13.97% 0.63% 13.85% NO MAX 288 Comanche 29 27 2.91% 2.07% 4.98% 0.30% 5.28% 3.11% 1.37% 4.48% 0.27% 4.75% -0.53% 4.75% 7.50% 290 Commerce 82 78 6.15% 2.23% 8.38% 0.24% 8.62% 6.73% 2.27% 9.00% 0.26% 9.26% 0.64% 9.14% 11.50% 294 Conroe 392 411 9.20% 6.86% 16.06% 0.00% 16.06% 9.87% 6.48% 16.35% 0.00% 16.35% 0.29% 16.35% NO MAX 295 Converse 145 140 9.16% 4.67% 13.83% 0.13% 13.96% 9.83% 4.65% 14.48% 0.14% 14.62% 0.66% 14.58% NO MAX 298 Cooper 13 13 2.74% 2.54% 5.28% 0.31% 5.59% 3.27% 0.69% 3.96% 0.32% 4.28% -1.31% 4.28% 8.50% 299 Coppell 376 372 10.95% 4.16% 15.11% 0.14% 15.25% 11.28% 4.20% 15.48% 0.15% 15.63% 0.38% 15.63% NO MAX 297 Copper Canyon 3 3 10.96% 1.53% 12.49% 0.55% 13.04% 11.49% 2.42% 13.91% 0.47% 14.38% 1.34°1% 10.41% NO MAX 300 Copperas Cove 246 257 7.95% 4.36% 12.31% 0.21% 12.52% 8.19% 4.14% 12.33% 0.20% 12.53% 0.01% 12.53% NO MAX 301 Corinth 146 146 10.45% 4.57% 15.02% 0.12% 15.14% 11.25% 4.14% 15.39% 0.12% 15.51% 0.37% 15.51% NO MAX 302 Corpus Christi 2,245 2,346 3.98% 6.00% 9.98% 0.00% 9.98% 4.72% 6.00% 10.72% 0.00% 10.72% 0.74% 10.48% NO MAX 304 Corrigan 25 26 1.00% -0.14% 0.86% 0.22% 1.08% 1.55% 0.04% 1.59% 0.24% 1.83% 0.75% 1.81% 7.50% 306 Corsicana 170 163 7.26% 674% 14.00% 0.24% 14.24% 8.08% 8.10% 16.18% 0.24% 16.42% 2.18% 15.05% NO MAX 308 Cotulla 41 43 4.19% 1.65% 5.84% 0.24% 6.08%1 4.65% 1.74% 6.39% 0.25% 6.64%1 0.56%1 6.59%1 11.50% Page 5 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 6 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 311 Covington N/A 2 3.08% 2.43% 5.51% 0.18% 5.69% 3.29% 3.34% 6.63% 0.21% 6.84% 1.15% 6.80% NO MAX 310 Crandall 25 25 11.27% - 0.32% 10.95% 0.16% 11.11% 10.70% - 0.22% 10.48% 0.17% 10.65% -0.46% 9.98% 13.50% 312 Crane 24 24 8.21% 2.09% 10.30% 0.18% 10.48% 9.35% 1.22% 10.57% 0.19% 10.76% 0.28% 10.76% 15.50% 314 Crawford 5 5 0.88% - 0.68% 0.20% 0.00% 0.20% 1.36% - 0.52% 0.84% 0.00% 0.84% 0.64% 0.84% 7.50% 316 Crockett 71 55 6.11% 2.00% 8.11% 0.30% 8.41% 6.72% 1.55% 8.27% 0.32% 8.59% 0.18% 8.59% 11.50% 318 Crosbyton 11 11 4.88% -0.57% 4.31% 0.50% 4.81% 5.57% -0.46% 5.11% 0.60% 5.71% 0.90% 5.41% 10.50% 320 Cross Plains 8 9 5.20% 2.37% 7.57% 0.45% 8.02% 5.56% 2.55% 8.11% 0.37% 8.48% 0.46% 8.44% 9.50% 321 Cross Roads 3 3 6.59% 0.60% 7.19% 0.05% 7.24% 6.11% 0.90% 7,01% 0.03% 7.04 % -0.20% 7.04% NO MAX 323 Crowley 106 108 7.99% 2.27% 10.26% 0.13% 10.39% 8.27% 2.49% 10.76% 0.14% 10.90% 0.51% 10.90% 12.50% 324 Crystal City 60 60 3.40% -3.11% 0.29% 0.00% 0.29% 4.26% - 2.70% 1.56% 0.00% 1.56% 1.27% 0.86% 13.50% 326 Cuero 105 98 6.77% 3.22% 9.99% 0.21% 10.20% 6.95% 3.18% 10.13% 0.24% 10.37% 0.17% 10.37% 11.50% 328 Cumby 11 11 1.51% 0.85% 2.36% 0.15% 2.51% 1.42% 0.64% 2.06% 0.11% 2.17% -0.34% 2.17% NO MAX 332 Daingerfield 18 19 4.61% 2.01 % 6.62% 0.00% 6.62% 5.44% 1.78% 7.22% 0.00% 7.22% 0.60% 7.19% 9.50% 334 Daisetta 9 9 1.92% - 0.97% 0.95% 0.29% 1.24% 2.16% - 0.82% 1.34% 0.24% 1.58% 0.34% 1.58% NO MAX 336 Dalhart 59 61 3.87% - 0.22% 3.65% 0.21% 3.86% 4.70% 0.02% 4.72% 0.20% 4.92% 1.06% 4.35% 11.50% 339 Dalworthington Gardens 27 24 10.55% 11.40% 21.95% 0.16% 22.11% 10.46% 11.55% 22.01% 0.15% 22.16% 0.05% 22.16% NO MAX 340 Danbury 10 8 3.87% 1.85% 5.72% 0.13% 5.85% 4.52% 2.14% 6.66% 0.14% 6.80% 0.95% 6.36% NO MAX 341 Darrouzett 3 3 1.44% -0.06% 1.38% 0.04% 1.42% 1.84% 1.08% 2.92% 0.04% 2.96% 1.54% 1.92% NO MAX 344 Dayton 81 87 5.04% 1,21% 6.25% 0.20% 6.45% 5.82% 1.59% 7.41% 0.21% 7.62% 1.17% 6.96% 13.50% 352 De Leon 14 14 0.86% 0.39% 1.25% 0.17% 1.42% 1.07% 0.44% 1.51% 0.15% 1.66% 0.24% 1.66% 7.50% 10366 DeSoto 322 322 8.69% 1.69% 10.38% 0.15% 10.53% 9.36% 1.83% 11.19% 0.15% 11.34% 0.81% 11.03% NO MAX 346 Decatur 115 109 10.52% 4.50% 15.02% 0.19% 15.21% 10.83% 4.30% 15.13% 0.20% 15.33% 0.12% 15.33% NO MAX 348 Deer Park 283 291 10.09% 3.73% 13.82% 0.17% 13.99% 10.44% 3.92% 14.36% 0.17% 14.53% 0.54% 14.51% NO MAX 350 Dekalb 16 16 3.05% - 0.87% 2.18% 0.23% 2.41% 3.58% - 0.35% 3.23% 0.21% 3.44% 1.03% 3.15% 9.50% 354 Del Rio 462 480 3.30% 3.59% 6.89% 0.18% 7.07% 3.73% 3.76% 7.49% 0.17% 7.66% 0.59% 7.56% NO MAX 353 Dell City 2 1 4.92% 1.69% 6.61% 0.16% 6.77% 4.67% 3.06% 7.73% 0.23% 7.96% 1.19% 6.93% NO MAX 356 Denison 214 210 7.72% 4.08% 11.80% 0.00% 11.80% 8.52% 4.21% 12.73% 0.00% 12.73% 0.93% 12.30% NO MAX 358 Denton 1,156 1,188 9.46% 7.77% 17.23% 0.18% 17.41% 10.09% 7.21% 17.30% 0.18% 17.48% 0.07% 17.48% NO MAX 360 Denver City 27 28 5.92% 5.67% 11.59% 0.24% 11.83% 6.66% 5.92% 12.58% 0.27% 12.85% 1.02% 12.41% NO MAX 362 Deport 1 3 1.59% 5.31% 6.90% 0.18% 7.08% 1.60% 1.50% 3.10% 0.07% 3.17% -3.91% 3.17% NO MAX 370 Devine 38 39 4.85% 7.49% 12.34% 0.20% 12.54% 5.09% 7.55% 12.64% 0.21% 12.85% 0.31% 12.85% NO MAX 371 Diboll 45 46 9.02% 4.52% 13.54% 0.22% 13.76% 9.42% 4.88% 14.30% 0.16% 14.46% 0.70% 14.14% 13.50% 372 Dickens 2 2 1.79% - 1.05% 0.74% 0.07% 0.81%1 2.23% - 0.59% 1.64% 0.07% 1.71%1 0.90% 1.60% NO MAX Page 6 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 7 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE-IN 2017 RATES WITHOUT MAXIMUM OR PHASE-IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE-IN ONLY 373 Dickinson 89 91 7.35% 1.10% 8.45% 0.18% 8.63% 7.57% 1.57% 9.14% 0.18% 9.32% 0.69% 9.13% 13.50% 374 Dilley 40 39 5.42% 2.04% 7.46% 0.22% 7.68% 5.83% 2.22% 8.05% 0.23% 8.28% 0.60% 8.22% 11.50% 376 Dimmitt 29 28 6.82% -2.17% 4.65% 0.00% 4.65% 7.51% -2.62% 4.89% 0.00% 4.89% 0.24% 4.89% 12.50% 382 Donna 101 128 4.63% 2,28% 6.91% 0.00% 6.91 % 5,78% 2.78% 8,56% 0.00% 8.56% 1.65% 7.74% 12.50% 379 Double Oak 12 12 4.73% 0.36% 5.09% 0.25% 5.34% 5.26% 0.57% 5.83% 0.24% 6.07% 0.73% 5.88% NO MAX 383 Dripping Springs 6 8 1.15% 0.71% 1.86% 0.15% 2.01% 1.59% 0.95% 2.54% 0.12% 2.66% 0.65% 2.54% NO MAX 385 Driscoll 1 2 1.37% 0.60% 1.97% 0.12% 2.09% 1.60% 3.09% 4.69% 0.08% 4.77% 2.68% 3.56% NO MAX 384 Dublin 30 42 9.14% 4.76% 13.90% 0.20% 14.10% 9.17% 3.63% 12,80% 0.20% 13.00% -1.10% 13.00% NO MAX 386 Dumas 120 120 4.78% 1.44% 6.22% 0.18% 6.40% 4,83% 1.28% 6.11% 0.18% 6.29% -0.11% 6.29% 9.50% 388 Duncanville 243 251 4.69% -1.28% 3.41% 0.00% 3.41% 5.64% -0.22% 5.42% 0.00% 5.42% 2.01% 4.26% NO MAX 394 Eagle Lake 29 28 7.03% 1.04% 8.07% 0.22% 8.29% 7.19% 2.00% 9.19% 0.21% 9.40% 1.11% 9.18% 12.50% 396 Eagle Pass 357 394 6.79% 2.29% 9.08% 0.22% 9.30% 6.95% 1.97% 8.92% 0.22% 9.14% -0.16% 9.14% 11.50% 397 Early 24 24 3.43% -1.09% 2.34% 0.16% 2.50% 370% -0.39% 3.31% 0.17% 3.48% 0.98% 3.46% 9.50% 399 Earth 6 6 1.53% 2.50% 4.03% 0.19% 4.22% 2.14% 3.05% 5.19% 0.25% 5.44% 1.22% 5.31% NO MAX 393 East Bernard N/A 4 3.38% 6.30% 9.68% 0.32% 10.00% 3.98% 2.56% 6.54% 0.28% 6.82% -3.18% 6.82% NO MAX 401 East Mountain 6 6 11.49% 1.80% 13.29% 0.09% 13.38% 12.19% 2.22% 14.41% 0.08% 14.49% 1.11% 13.88% NO MAX 395 East Tawakoni 8 10 5.94% -0.54% 5.40% 0.36% 5.76% 6.22% 0.14% 6.36% 0.31% 6.67% 0.91% 6.21% NO MAX 398 Eastland 39 37 7.02% 1.77% 8.79% 0.30% 9.09% 7.32% 1.90% 9.22% 0.31% 9.53% 0.44% 9.53% 11.50% 402 Ector 3 3 2.09% -0,44% 1.65% 0.41% 2.06% 2,35% -0.20% 2.15% 0.39% 2.54% 0.48% 2.54% NO MAX 406 Eden 11 13 3.37% 1.85% 5.22% 0.29% 5.51% 3.46% -0.01% 3.45% 0.23% 3.68% -1.83% 3.68% 7.50% 408 Edgewood 7 8 1.84% 1.68% 3.52% 0.27% 3.79% 2.38% 1.85% 4.23% 0.41% 4.64% 0.85% 4.43% NO MAX 410 Edinburg 685 734 7.69% 6.87% 14.56% 0.14% 14.70% 8.43% 6.42% 14.85% 0.14% 14.99% 0.29% 14.99% NO MAX 412 Edna 45 44 5.53% 5,73% 11.26% 0.20% 11.46% 6,02% 5.92% 11,94% 0.22% 12.16% 0.70% 12.16% NO MAX 414 El Campo 109 104 6.11% 5.18% 11.29% 0.19% 11.48% 6.24% 4.97% 11.21% 0.21% 11.42% -0.06% 11.42% NO MAX 416 Eldorado 19 18 4.60% 1.97% 6.57% 0.21% 6.78% 5.16% 2.13% 7.29% 0.24% 7.53% 0.75% 7.40% 10.50% 418 Electra 32 28 1.43% 0.44% 1.87% 0.24% 2.11% 1.62% 0.38% 2.00% 0.23% 2.23% 0.12% 2.23% 7.50% 420 Elgin 69 76 9.61% 4.13% 13.74% 0.28% 14.02% 10.16% 4.08% 14.24% 0.27% 14.51% 0.49% 14.51% NO MAX 422 Elkhart 7 5 3.32% 2,64% 5.96% 0.00% 5.96% 3,32% 2,53% 5,85% 0.00% 5.85% -0,11% 5.85% NO MAX 427 Elmendorf 8 11 1.01% -0.14% 0.87% 0.10% 0.97% 1.54% -0.05% 1.49% 0.12% 1.61% 0.64% 1.61% NO MAX 432 Emory 21 22 5.03% -0.50% 4.53% 0.30% 4.83% 4.90% -0.14% 4.76% 0.23% 4.99% 0.16% 4.99% 11.50% 436 Ennis 168 170 11.43% 6.50% 17.93% 0.20% 18.13% 11.53% 5.83% 17.36% 0.21% 17.57% -0.56% 17.57% NO MAX 439 Euless 369 374 10.64% 6.85% 17.49% 0.00% 17.49% 11.15% 6.61% 17.76% 0.00% 17.76% 0.27% 17.76% NO MAX 440 Eustace 10 6 4.99% 1.48% 6.47% 0.21% 6.68%1 5.68% 2.92% 8,60% 0.28% 8.88%1 2.20%1 7.67%1 13.50% Page 7 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 8 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 441 Everman 50 49 6.00% 2.45% 8.45% 0.22% 8.67% 6.64% 1.67% 8.31% 0.23% 8.54% - 0.13% 8.54% 11.50% 443 Fair Oaks Ranch 43 46 9.51% 1.73% 11.24% 0.14% 11.38% 9.87% 1.59% 11.46% 0.12% 11.58% 0.20% 11.58% 13.50% 442 Fairfield 38 37 5.18% - 2.37% 2.81% 0.20% 3.01% 5.53% - 2.09% 3.44% 0.23% 3.67% 0.66% 3.54% 11.50% 445 Fairview 53 58 8.73% 1.54% 10.27% 0.15% 10.42% 9.26% 1.55% 10.81% 0.15% 10.96% 0.54% 10.72% NO MAX 20444 Falfurrias 41 39 2.35% 0.71% 3.06% 0.26% 3.32% 2.68% 0.63% 3.31% 0.25% 3.56% 0.24% 3.56% 9.50% 446 Falls City 4 4 4.67% 4.00% 8.67% 0.31% 8.98% 5.20% 4.72% 9.92% 0.32% 10.24% 1.26% 10.10% NO MAX 448 Farmers Branch 370 403 9.52% 8.10% 17.62% 0.13% 17.75% 10.17% 8.07% 18.24% 0.13% 18.37% 0.62% 18.25% NO MAX 450 Farmersville 33 35 6.52% 1.90% 8.42% 0.20% 8.62% 6.97% 1.80% 8.77% 0.21% 8.98% 0.36% 8.98% NO MAX 451 Farwell 7 6 10.45% 3.06% 13.51% 0.13% 13.64% 11.31% 3.36% 14.67% 0.11% 14.78% 1.14% 14.62% NO MAX 452 Fate 37 40 8.86% 0.80% 9.66% 0.10% 9.76% 9.92% 0.80% 10.72% 0.09% 10.81% 1.05% 9.46% NO MAX 454 Fayetteville 1 1 1.04% - 1.00% 0.04% 0.00% 0.04% 1.37% -0.48% 0.89% 0.00% 0.89% 0.85% 0.71% NO MAX 456 Ferris 41 40 5.70% 1.05% 6.75% 0.18% 6.93% 5.54% 0.77% 6.31% 0.17% 6.48% - 0.45% 6.48% 9.50% 458 Flatonia 19 18 9.19% 8.53% 17.72% 0.18% 17.90% 10.13% 7.80% 17.93% 0.21% 18.14% 0.24% 18.14% NO MAX 460 Florence 8 8 3.64% -0.41% 3.23% 0.12% 3.35% 4.13% 0.11% 4.24% 0.12% 4.36% 1.01% 3.95% NO MAX 20462 Floresville 56 58 5.98% 4.00% 9.98% 0.00% 9.98% 6.73% 3.99% 10.72% 0.00% 10.72% 0.74% 10.48% 11.50% 463 Flower Mound 547 555 7.61% 1.57% 9.18% 0.13% 9.31% 8.00% 2.21% 10.21% 0.13% 10.34% 1.03% 10.06% 13.50% 464 Floydada 21 21 6.68% 6.37% 13.05% 0.29% 13.34% 6.93% 6.18% 13.11% 0.29% 13.40% 0.06% 13.40% NO MAX 468 Forest Hill 83 88 9.34% 4.06% 13.40% 0.11% 13.51% 9.63% 3.70% 13.33% 0.12% 13.45% - 0.06% 13.45% 13.50% 470 Forney 124 128 10.82% 3.28% 14.10% 0.11% 14.21% 10.93% 2.64% 13.57% 0.12% 13.69% -0.52% 13.69% 13.50% 472 Fort Stockton 113 116 6.04% 4.21% 10.25% 0.27% 10.52% 6.18% 4.04% 10.22% 0.25% 10.47% -0.05% 10.47% 11.50% 476 Franklin 15 14 3.54% - 0.75% 2.79% 0.00% 2.79% 4.24% - 0.76% 3.48% 0.00% 3.48% 0.69% 3.37% 11.50% 478 Frankston 13 14 1.44% 0.44% 1.88% 0.28% 2.16% 1.79% 0.56% 2.35% 0.28% 2.63% 0.47% 2.63% NO MAX 480 Fredericksburg 163 158 5.56% 3.69% 9.25% 0.23% 9.48% 6.02% 3.50% 9.52% 0.23% 9.75% 0.27% 9.75% 11.50% 482 Freeport 113 115 8.77% 5.00% 13.77% 0.15% 13.92% 9.11% 5.25% 14.36% 0.15% 14.51% 0.59% 14.39% 13.50% 481 Freer 23 22 3.47% 2.57% 6.04% 0.31% 6.35% 3.71% 2.78% 6.49% 0.28% 6.77% 0.42% 6.77% 483 Friendswood 194 199 10.42% 5.02% 15.44% 0.21% 15.65% 10.69% 4.78% 15.47% 0.20% 15.67% 0.02% 15.67% 484 Friona 24 25 5.58% 5.76% 11.34% 0.18% 11.52% 6.36% 6.00% 12.36% 0.17% 12.53% 1.01 °I° 12.04% 486 Frisco 924 1,009 10.75% 3.25% 14.00% 0.13% 14.13% 11.26% 2.90% 14.16% 0.13% 14.29% 0.16% 14.29% 487 Fritch 21 19 7.31% - 5.37% 1.94% 0.25% 2.19% 7.76% - 4.37% 3.39% 0.24% 3.63% 1.44% 3.30% dOMOAX 488 Frost 5 4 2.45% 0.73% 3.18% 0.00% 3.18% 2.75% 1.32% 4.07% 0.00% 4.07% 0.89% 3.69% 491 Fulshear 31 35 4.13% 0.80% 4.93% 0.12% 5.05% 4.73% 0.73% 5.46% 0.10% 5.56% 0.51% 5.53% 493 Fulton 5 7 6.69% 10.79% 17.48% 0.40% 17.88% 7.45% 11.35% 18.80% 0.35% 19.15% 1.27% 18.41% 492 Gainesville 208 214 4.49% 4.82% 9.31% 0.21% 9.52% 4.69% 4.90% 9.59% 0.20% 9.79% 0.27% 9.79% Page 8 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 9 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 494 Galena Park 62 64 8.57% 5.33% 13.90% 0.27% 14.17% 9.55% 5.12% 14.67% 0.26% 14.93% 0.76% 14.66% NO MAX 498 Ganado 9 10 11.11% 0.77% 11.88% 0.36% 12.24% 12.02% 1.51% 13.53% 0.36% 13.89% 1.65% 13.10% NO MAX 499 Garden Ridge 26 27 5.92% 1.56% 7.48% 0.15% 7.63% 6.34% 1.87% 8.21% 0.16% 8.37% 0.74% 8.18% 11.50% 500 Garland 1,949 1,974 8.10% 2.20% 10.30% 0.20% 10.50% 8.54% 2.37% 10.91% 0.20% 11.11% 0.61% 11.00% NO MAX 502 Garrison 5 5 8.37% 6.66% 15.03% 0.36% 15.39% 8.80% 4.75% 13.55% 0.14% 13.69% -1.70% 13.69% NO MAX 503 Gary 3 4 3.52% 3.76% 7.28% 0.00% 7.28% 3.76% 3.18% 6.94% 0.00% 6.94% -0.34% 6.94% 7.50% 504 Gatesville 74 75 9.59% 6.31% 15.90% 0.30% 16.20% 9.57% 5.81% 15.38% 0.21% 15.59% -0.61% 15.59% NO MAX 505 George West 41 40 3.50% 1.52% 5.02% 0.13% 5.15% 4.05% 1.62% 5.67% 0.17% 5.84% 0.69% 5.71% NO MAX 506 Georgetown 527 581 8.25% 3.22% 11.47% 0.14% 11.61% 9.06% 3.37% 12.43% 0.13% 12.56% 0.95% 12.10% 13.50% 510 Giddings 71 65 8.72% 9.74% 18.46% 0.22% 18.68% 9.81% 9.45% 19.26% 0.25% 19.51% 0.83% 19.21% NO MAX 512 Gilmer 47 47 7.96% 4.97% 12.93% 0.24% 13.17% 8.73% 4.86% 13.59% 0.25% 13.84% 0.67% 13.83% NO MAX 514 Gladewater 60 62 3.24% - 0.03% 3.21% 0.20% 3.41% 3.44% 0.10% 3.54% 0.20% 3.74% 0.33% 3.74% 7.50% 516 Glen Rose 22 23 11.80% 148% 15.28% 0.32% 15.60% 11.51% 2.98% 14.49% 0.25% 14.74% -0.86% 14.74% NO MAX 517 Glenn Heights 66 71 3.34% - 0.14% 3.20% 0.16% 3.36% 3.57% 0.01% 3.58% 0.16% 3.74% 0.38% 3.74% 12.50% 518 Godley 10 11 1.52% 0.79% 2.31% 0.18% 2.49% 1.90% 0.84% 2.74% 0.18% 2.92% 0.43% 2.92% 8.50% 519 Goldsmith 4 3 1.62% 1.11% 2.73% 0.35% 3.08% 1.86% 1.68% 3.54% 0.41% 3.95% 0.87% 3.64% 7.50% 520 Goldthwaite 11 11 9.86% 15.97% 25.83% 0.29% 26.12% 10.41% 14.91% 25.32% 0.28% 25.60 % -0.52% 25.60% NO MAX 522 Goliad 8 12 3.52% -2.46% 1.06% 0.25% 1.31% 5.40% -3.40% 2.00% 0.29% 2.29% 0.98% 1.85% NO MAX 524 Gonzales 112 110 6.02% 4.37% 10.39% 0.20% 10.59% 6.30% 4.03% 10.33% 0.18% 10.51% -0.08% 10.51% NO MAX 532 Graford 3 3 1.85% 0.80% 2.65% 0.20% 2.85% 2.15% 0.77% 2.92% 0.20% 3.12% 0.27% 3.12% NO MAX 10534 Graham 79 84 6.72% 5.19% 11.91% 0.33% 12.24% 7.13% 4.54% 11.67% 0.32% 11.99% -0.25% 11.99% NO MAX 536 Granbury 163 161 9.33% 5.87% 15.20% 0.22% 15.42% 10.08% 5.79% 15.87% 0.22% 16.09% 0.67% 16.02% NO MAX 540 Grand Prairie 1,166 1,231 9.44% 6.22% 15.66% 0.18% 15.84% 10.12% 6.04% 16.16% 0.17% 16.33% 0.49% 16.33% NO MAX 542 Grand Saline 21 23 4.71% 0.86% 5.57% 0.38% 5.95% 4.95% 0.49% 5.44% 0.37% 5.81% -0.14% 5.81% 9.50% 544 Grandview 16 12 5.43% - 0.35% 5.08% 0.00% 5.08% 6.11% - 0.17% 5.94% 0.00% 5.94% 0.86% 5.58% 11.50% 546 Granger 8 8 2.05% -2.05% 0.00% 0.00% 0.00% 2.32% -1.49% 0.83% 0.00% 0.83% 0.83% 0.83% 7.50% 547 Granite Shoals 32 33 4.21% 0.24% 4.45% 0.20% 4.65% 4.53% 0.49% 5.02% 0.21% 5.23% 0.58% 5.16% NO MAX 548 Grapeland 12 11 3.41% 0,71% 4.12% 0.00% 4.12% 3.60% 0.85% 4.45% 0.00% 4.45% 0.33% 4.45% 7.50% 550 Grapevine 541 562 11.04% 8.02% 19.06% 0.00% 19.06% 11.49% 7.57% 19.06% 0.00% 19.06% 0.00% 19.06% NO MAX 552 Greenville 321 313 7.07% 3.23% 10.30% 0.22% 10.52% 7.59% 3.95% 11.54% 0.23% 11.77% 1.25% 11.18% NO MAX 551 Gregory 9 10 5.51% -1.78% 3.73% 0.17% 3.90% 5.79% - 1.69% 4.10% 0.18% 4.28% 0.38% 4.28% 9.50% 553 Grey Forest 37 36 8.78% 6.40% 15.18% 0.22% 15.40% 9.66% 6.69% 16.35% 0.26% 16.61% 1.21% 16.03% NO MAX 556 Groesbeck 35 35 1.31% 1.02% 2.33% 0.25% 2.58%1 1.43% 1.04% 2.47% 0.22% 2.69%1 0.11%1 2.69%1 NO MAX Page 9 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 10 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 558 Groom 4 4 2.80% -0.54% 2.26% 0.00% 2.26% 3.28% -0.27% 3.01% 0.00% 3.01% 0.75% 2.84% 7.50% 559 Groves 96 97 7.09% 1.79% 8.88% 0.00% 8.88% 7.26% 2.44% 9.70% 0.00% 9.70% 0.82% 9.40% NO MAX 560 Groveton 11 11 1.66% -0.18% 1.48% 0.18% 1.66% 1.97% 0.08% 2.05% 0.19% 2.24% 0.58% 2.24% 7.50% 562 Gruver 6 5 6.48% - 0.10% 6.38% 0.00% 6.38% 7.53% 1.81% 9.34% 0.00% 9.34% 2.96% 7.36% 12.50% 563 Gun Barrel City 45 44 4.77% 0.75% 5.52% 0.19% 5.71% 5.41% 0.81% 6.22% 0.20% 6.42% 0.71% 6.22% 11.50% 564 Gunter 8 4 4.22% -0.88% 3.34% 0.13% 3.47% 4.92% -1.26% 3.66% 0.17% 3.83% 0.36% 3.83% NO MAX 568 Hale Center 10 10 1.53% 0.21% 1.74% 0.17% 1.91% 1.88% -0.01% 1.87% 0.20% 2.07% 0.16% 2.07% NO MAX 570 Hallettsville 37 36 6.53% 5.52% 12.05% 0.28% 12.33% 7.07% 5.71% 12.78% 0.27% 13.05% 0.72% 12.96% NO MAX 572 Hallsville 16 16 1.25% 1.69% 2.94% 0.16% 3.10% 1.51% 1.60% 3.11% 0.23% 3.34% 0.24% 3.34% NO MAX 574 Haltom City 264 267 10.13% 8.59% 18.72% 0.19% 18.91% 10.56% 8.20% 18.76% 0.18% 18.94% 0.03% 18.94% NO MAX 576 Hamilton 22 23 11.24% 9.50% 20.74% 0.33% 21.07% 11.55% 7.16% 18.71% 0.29% 19.00% -2.07% 19.00% NO MAX 578 Hamlin 15 14 6.48% 4.41% 10.89% 0.41% 11.30% 7.53% 4.07% 11.60% 0.31% 11.91% 0.61% 11.70% NO MAX 580 Happy 2 2 7.67% 4.71% 12.38% 0.36% 12.74% 837% 8.18% 16.55% 0.35% 16.90% 4.16% 15.61% NO MAX 581 Harker Heights 203 204 9.68% 4.95% 14.63% 0.15% 14.78% 9.98% 4.91% 14.89% 0.15% 15.04% 0.26% 15.04% NO MAX 10582 Harlingen 240 219 4.15% 2.86% 7.01% 0.29% 7.30% 5.08% 5.52% 10.60% 0.31% 10.91% 3.61% 10.91% 15.50% 20582 Harlingen Waterworks Sys 133 142 1.60% -1.01% 0.59% 0.26% 0.85% 2.02% -0.27% 1.75% 0.26% 2.01% 1.16% 1.49% 9.50% 583 Hart 4 4 0.75% 1.93% 2.68% 0.00% 2.68% 1.04% 2.78% 3.82% 0.00% 3.82% 1.14% 3.35% NO MAX 586 Haskell 16 17 1.11% -1.11% 0.00% 0.18% 0.18% 2.09% -2.09% 0.00% 0.26% 0.26% 0.08% 0.26% 9.50% 587 Haslet 19 23 8.47% - 0.30% 8.17% 0.17% 8.34% 8,91% -0.11% 8.80% 0.16% 8.96°% 0.62% 8.83% 15.50% 588 Hawkins 11 11 8.11% 5.22% 13.33% 0.26% 13.59% 8.72% 6.25% 14.97% 0.27% 15.24% 1.65% 14.10% 13.50% 585 Hays 1 1 12.13% - 6.31% 5.82% 0.87% 6.69% 12.69% -5.96% 6.73% 0.79% 7.52% 0.83% 7.12% NO MAX 590 Hearne 54 54 8.21% 6.79% 15.00% 0.18% 15.18% 9.02% 6.78% 15.80% 0.23% 16.03% 0.85% 15.80% NO MAX 591 Heath 42 45 9.31% 1.39% 10.70% 0.16% 10.86% 9.57% 1.89% 11.46% 0.17% 11.63% 0.77% 11.40% 13.50% 592 Hedley 3 2 4.01% -1.01% 3.00% 0.54% 3.54% 4.75% - 1.00% 3.75% 0.39% 4.14% 0.60% 3.89% 11.50% 595 Hedwig Village 29 29 4.10% 2.02% 6.12% 0.20% 6.32% 4.67% 2.51% 7.18% 0.19% 7.37% 1.05% 6.83% NO MAX 593 Helotes 60 62 4.93% 1.16% 6.09% 0.12% 6.21% 5.35% 1.50% 6.85% 0.12% 6.97% 0.76% 6.71% 12.50% 594 Hemphill 26 26 4.72% 1.86% 6.58% 0.32% 6.90% 5.16% 2.69% 7.85% 0.35% 8.20% 1.30% 7.79% 11.50% 596 Hempstead 63 67 6.08% 2.56% 8.64% 0.24% 8.88% 6.26% 1.67% 7.93% 0.23% 8.16 % -0.72% 8.16% NO MAX 598 Henderson 115 117 7.94% 7.40% 15.34% 0.18% 15.52% 8.62% 7.17% 15.79% 0.15% 15.94% 0.42% 15.94% NO MAX 600 Henrietta 17 17 9.54% 4.56% 14.10% 0.22% 14.32% 10.22% 4.74% 14.96% 0.24% 15.20% 0.88% 14.88% NO MAX 602 Hereford 89 97 6.33% 4.10% 10.43% 0.20% 10.63% 6.58% 4.26% 10.84% 0.20% 11.04% 0.41% 11.04% 11.50% 605 Hewitt 81 87 9.96% 535% 15.31% 0.13% 15.44% 10.58% 5.12% 15.70% 0.13% 15.83% 0.39% 15.83% NO MAX 609 Hickory Creek 18 21 9.05% 1.76% 10.81% 0.10% 10.91%1 9.93% 1.60% 11.53% 0.08% 11.61%1 0.70%1 11.39%1 13.50% Page 10 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 11 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 606 Hico 11 11 5.93% -1.38% 4.55% 0.33% 4.88% 6.24% -0.96% 5.28% 0.30% 5.58% 0.70% 5.35% 11.50% 607 Hidalgo 127 139 9.20% 3.44% 12.64% 0.00% 12.64% 9.58% 2.99% 12.57% 0.00% 12.57% -0.07% 12.57% 13.50% 608 Higgins 3 3 4.00% -0.36% 3.64% 0.36% 4.00% 4.23% -0.37% 3.86% 0.39% 4.25% 0.25% 4.25% NO MAX 610 Highland Park 116 117 5.52% - 2.38% 3.14% 0.00% 3.14% 6.26% - 0.86% 5.40% 0.00% 5.40% 2.26% 4.20% NO MAX 611 Highland Village 145 148 10.18% 3.02% 13.20% 0.16% 13.36% 10.68% 2.96% 13.64% 0.15% 13.79% 0.43% 13.79% 13.50% 613 Hill Country Village 14 13 3.73% -0.59% 3.14% 0.13% 3.27% 4.46% -0.51% 3.95% 0.12% 4.07% 0.80% 3.76% 11.50% 612 Hillsboro 105 101 5.72% 5.03% 10.75% 0.00% 10.75% 6.21% 5.13% 11.34% 0.00% 11.34% 0.59% 11.34% NO MAX 619 Hilshire Village 2 2 2.79% 9.93% 12.72% 0.35% 13.07% 3.04% 10.34% 13.38% 0.28% 13.66% 0.59% 13.59% NO MAX 614 Hitchcock 47 49 3.29% 0.53% 3.82% 0.20% 4.02% 3.99% 0.27% 4.26% 0.21% 4.47% 0.45% 4.47% 11.50% 615 Holland 5 7 5.72% 1.92% 7.64% 0.35% 7.99% 6.14% 2.31% 8.45% 0.43% 8.88% 0.89% 8.57% 10.50% 616 Holliday 9 10 2.50% - 0.57% 1.93% 0.00% 1.93% 2.82% -0.20% 2.62% 0.00% 2.62% 0.69% 2.43% 9.50% 617 Hollywood Park 31 32 6.43% 2.52% 8.95% 0.14% 9.09% 6.78% 2.35% 9.13% 0.15% 9.28% 0.19% 9.28% 10.50% 618 Hondo 105 105 6.36% 2.64% 9.00% 0.18% 9.18% 6.66% 2.12% 8.78% 0.21% 8.99% -0.19% 8.99% 11.50% 620 Honey Grove 11 8 6.35% 0.94% 7.29% 0.28% 7.57% 6.72% 1.01% 7.73% 0.35% 8.08% 0.51% 8.08% 9.50% 622 Hooks 13 14 6.16% 4.48% 10.64% 0.18% 10.82% 7.77% 6.25% 14.02% 0.21% 14.23% 3.41% 13.03% 13.50% 626 Howe 12 14 5.14% -0.64% 4.50% 0.27% 4.77% 5.43% 0.18% 5.61% 0.27% 5.88% 1.11% 5.30% 11.50% 627 Hubbard 13 13 1.11% -0.71% 0.40% 0.20% 0.60% 1.24% -0.43% 0.81% 0.18% 0.99% 0.39% 0.99% NO MAX 628 Hudson 16 15 3.33% 0.16% 3.49% 0.16% 3.65% 4.25% 0.37% 4.62% 0.20% 4.82% 1.17% 4.45% NO MAX 629 Hudson Oaks 23 23 9.43% 3.46% 12.89% 0.09% 12.98% 9.71% 3.59% 13.30% 0.09% 13.39% 0.41% 13.39% 13.50% 630 Hughes Springs 13 13 9.51% 5.85% 15.36% 0.23% 15.59% 10.23% 6.29% 16.52% 0.26% 16.78% 1.19% 16.16% NO MAX 632 Humble 187 187 9.02% 4.38% 13.40% 0.17% 13.57% 9.48% 4.15% 13.63% 0.17% 13.80% 0.23% 13.80% NO MAX 633 Hunters Creek Village 6 9 8.98% 5.02% 14.00% 0.54% 14.54% 9.82% 6.80% 16.62% 0.35% 16.97% 2.43% 14.59% 13.50% 634 Huntington 18 17 9.20% 4.57% 13.77% 0.17% 13.94% 10.12% 4.48% 14.60% 0.13% 14.73% 0.79% 14.72% NO MAX 636 Huntsville 249 253 7.21% 9.86% 17.07% 0.18% 17.25% 8.04% 10.55% 18.59% 0.17% 18.76% 1.51% 17.87% NO MAX 637 Hurst 386 383 7.58% 2.05% 9.63% 0.00% 9.63% 8.07% 2.38% 10.45% 0.00% 10.45% 0.82% 10.13% NO MAX 638 Hutchins 57 58 7.37% 0.57% 7.94% 0.13% 8.07% 7.46% 0.69% 8.15% 0.12% 8.27% 0.20% 8.27% 11.50% 640 Hutto 89 93 11.29% 1.85% 13.14% 0.11% 13.25% 11.48% 1.70% 13.18% 0.12% 13.30% 0.05% 12.54% NO MAX 641 Huxley 9 10 2.25% -2.25% 0.00% 0,21% 0.21% 2.98% -1.82% 1.16% 0.22% 1.38% 1.17% 1.32% 9.50% 642 Idalou 13 14 3.47% 0.59% 4.06% 0.10% 4.16% 3.95% 0.72% 4.67% 0.08% 4.75% 0.59% 4.64% NO MAX 643 Ingleside 74 79 7.64% 2.71% 10.35% 0.31% 10.66% 7.99% 2.60% 10.59% 0.32% 10.91% 0.25% 10.91% 11.50% 646 Ingram 12 14 4.49% 0.90% 5.39% 0.00% 5.39% 5.00% 0.98% 5.98% 0.00% 5.98% 0.59% 5.89% 9.50% 647 Iowa Colony 4 5 5.46% 28.47% 33.93% 0.26% 34.19% 5.43% 2279% 28.22% 0.22% 28.44% -5.75% 28.44% NO MAX 644 1 Iowa Park 45 47 5.98% 7.65% 13.63% 0.22% 13.85%1 6.99% 7.73% 14.72% 0.22% 14.94%1 1.09%1 14.48%1 NO MAX Page 11 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 12 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 645 Iraan 6 6 5.70% 8.73% 14.43% 0.39% 14.82% 6.49% 9.82% 16.31% 0.39% 16.70% 1.88% 15.51% NO MAX 648 Irving 1,383 1,433 8.94% 4.39% 13.33% 0.18% 13.51% 9.48% 4.95% 14.43% 0.18% 14.61% 1.10% 14.01% NO MAX 650 Italy 19 16 1.14% 1.11% 2.25% 0.08% 2.33% 1.25% 1.43% 2.68% 0.08% 2.76% 0.43% 2.76% NO MAX 652 Itasca 17 17 10.14% 0.08% 10.22% 0.21% 10.43% 11.82% - 0.24% 11.58% 0.22% 11.80% 1.37% 11.24% 13.50% 654 Jacinto City 49 58 4.16% 4.60% 8.76% 0.24% 9.00% 4.57% 4.27% 8.84% 0.23% 9.07% 0.07% 9.07% 9.50% 656 Jacksboro 40 41 9.72% 4.04% 13.76% 0.22% 13.98% 10.20% 3.71% 13.91% 0.21% 14.12% 0.14% 14.12% 13.50% 658 Jacksonville 125 129 7.10% 3.69% 10.79% 0.20% 10.99% 7.69% 3.54% 11.23% 0.22% 11.45% 0.46% 11.45% NO MAX 660 Jasper 111 113 4.83% 4.11% 8.94% 0.23% 9.17% 5.45% 4.14% 9.59% 0.23% 9.82% 0.65% 9.67% 15.50% 664 Jefferson 18 18 2.04% 1.27% 3.31% 0.32% 3.63% 2.23% 1.58% 3.81% 0.32% 4.13% 0.50% 4.13% NO MAX 665 Jersey Village 88 94 10.48% 4.40% 14.88% 0.15% 15.03% 10.78% 4.57% 15.35% 0.16% 15.51% 0.48% 15.51% NO MAX 666 Jewett 7 6 5.00% 3.33% 8.33% 0.26% 8.59% 5.14% 3.48% 8.62% 0.22% 8.84% 0.25% 8.84% 9.50% 668 Joaquin 5 5 2.65% 1.30% 3.95% 0.39% 4.34% 2.39% 2.43% 4.82% 0.38% 5.20% 0.86% 4.98% NO MAX 670 Johnson City 13 15 6.49% 2.91% 9.40% 0.14% 9.54% 631 % 3.53% 9.84% 0.15% 9.99% 0.45% 9.99% 10.50% 673 Jones Creek 6 6 3.76% 1.98% 5.74% 0.38% 6.12% 4.20% 2.43% 6.63% 0.39% 7.02% 0.90% 6.73% NO MAX 675 Jonestown 25 27 4.54% 0.60% 5.14% 0.24% 5.38% 4.73% 0.77% 5.50% 0.24% 5.74% 0.36% 5.74% NO MAX 677 Josephine 5 6 5.56% 0.77% 6.33% 0.12% 6.45% 5.97% 1.38% 7.35% 0.08% 7.43% 0.98% 7.05% NO MAX 671 Joshua 35 35 5.40% - 0.34% 5.06% 0.12% 5.18% 5.87% 0.17% 6.04% 0.11% 6.15% 0.97% 5.67% 13.50% 672 Jourdanton 36 33 4.82% 1.34% 6.16% 0.26% 6.42% 5.05% 1.29% 6.34% 0.28% 6.62% 0.20% 6.62% 9.50% 674 Junction 18 20 8.41% 6.01% 14.42% 0.25% 14.67% 9.57% 4.96% 14.53% 0.26% 14.79% 0.12% 14.79% NO MAX 676 Justin 25 26 2.04% 0.25% 2.29% 0.00% 2.29% 2.34% 0.53% 2.87% 0.00% 2.87% 0.58% 2.87% 7.50% 678 Karnes City 28 30 3.42% 1.58% 5.00% 0.21% 5.21% 3.60% 1.57% 5.17% 0.19% 5.36% 0.15% 5.36% NO MAX 680 Katy 163 175 11.21% 3.24% 14.45% 0.18% 14.63% 11.38% 3.16% 14.54% 0.17% 14.71% 0.08% 14.71% NO MAX 682 Kaufman 66 66 8.49% 1.66% 10.15% 0.21% 10.36% 9,31% 1.97% 11.28% 0.18% 11.46% 1.10% 10.83% NO MAX 683 Keene 53 57 8.15% 6.11% 14.26% 0.17% 14.43% 8.84% 5.98% 14.82% 0.17% 14.99% 0.56% 14.93% NO MAX 681 Keller 288 290 9.97% 4.96% 14.93% 0.14% 15.07% 10.23% 5.29% 15.52% 0.13% 15.65% 0.58% 15.64% NO MAX 685 Kemah 34 34 5.15% 0.08% 5.23% 0.13% 5.36% 6.05% 0.57% 6.62% 0.15% 6.77% 1.41% 6.13% NO MAX 684 Kemp 7 13 4.96% 4.70% 0.26% 0.00% 0.26% 6.44% - 2.47% 3.97% 0.00% 3.97% 3.71% 3.18% 11.50% 686 Kenedy 40 41 3.31% 0.97% 4.28% 0.19% 4.47% 3.62% 1.27% 4.89% 0.20% 5.09% 0.62% 5.09% 7.50% 688 Kennedale 68 67 10.82% 3.40% 14.22% 0.16% 14.38% 10.78% 3.52% 14.30% 0.17% 14.47% 0.09% 14.08% 13.50% 690 Kerens N/A 11 1.55% 6.02% 7.57% 0.17% 7.74% 1.98% 5.85% 7.83% 0.15% 7.98% 0.24% 7.98% NO MAX 692 Kermit 51 52 9.05% 6.31% 15.36% 0.23% 15.59% 8.99% 6.13% 15.12% 0.25% 15.37% - 0.22% 15.37% NO MAX 10694 Kerrville 285 296 7.17% 1.25% 8.42% 0.18% 8.60% 7.62% 2.02% 9.64% 0.18% 9.82% 1.22% 9.44% 15.50% 20694 Kerrville PUB 61 62 8.45% 3.35% 11.80% 0.22% 12.02% 9.12% 3.44% 12.56% 0.19% 12.75% 0.73% 12.49% NO MAX Page 12 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 13 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 10696 Kilgore 155 158 9.36% 5.27% 14.63% 0.22% 14.85% 9.91% 5.15% 15.06% 0.21% 15.27% 0.42% 15.27% NO MAX 698 Killeen 1,017 1,041 4.97% 3.29% 8.26% 0.15% 8.41% 5.71% 3.91% 9.62% 0.15% 9.77% 1.36% 8.91% 13.50% 700 Kingsville 271 276 6.29% 3.08% 9.37% 0.00% 9.37% 6.62% 2.57% 9.19% 0.00% 9.19% - 0.18% 9.19% NO MAX 701 Kirby 55 52 9.74% 3.37% 13.11% 0.12% 13.23% 10.36% 3.99% 14.35% 0.12% 14.47% 1.24% 14.24% 13.50% 702 Kirbyville 23 22 2.64% 2.71% 5.35% 0.33% 5.68% 2.91% 2.66% 5.57% 0.34% 5.91% 0.23% 5.91% 7.50% 704 Knox City 9 9 3.47% -2.41% 1.06% 0.31% 1.37% 3.84% - 1.68% 2.16% 0.34% 2.50% 1.13% 2.27% 9.50% 708 Kountze 23 23 1.16% - 0.22% 0.94% 0.16% 1.10% 1.38% 0.00% 1.38% 0.15% 1.53% 0.43% 1.53% NO MAX 709 Kress 1 2 3.86% 6.68% 10.54% 0.00% 10.54% 3.49% 5.08% 8.57% 0.00% 8.57% - 1.97% 8.57% NO MAX 699 Krugerville 9 11 7.16% 0.47% 7.63% 0.10% 7.73% 8.10% 0.65% 8.75% 0.10% 8.85% 1.12% 7.88% NO MAX 707 Krum 26 27 4.18% -0.49% 3.69% 0.13% 3.82% 4.70% -0.22% 4.48% 0.14% 4.62% 0.80% 4.40% 11.50% 710 Kyle 155 165 9.46% 2.72% 12.18% 0.14% 12.32% 10.14% 2.55% 12.69% 0.14% 12.83% 0.51% 12.54% 13.50% 725 La Coste 7 7 1.83% -0.91% 0.92% 0.00% 0.92% 2.13% - 0.65% 1.48% 0.00% 1.48% 0.56% 1.47% 7.50% 714 La Feria 53 56 4.06% 571 % 9.77% 0.24% 10.01% 4.21% 5.55% 9.76% 0.22% 9.98% - 0.03% 9.98% NO MAX 716 La Grange 66 67 9.29% 6.15% 15.44% 0.26% 15.70% 10.12% 5.91% 16.03% 0.27% 16.30% 0.60% 16.21% NO MAX 723 La Grulla 10 29 6.46% - 3.16% 3.30% 0.22% 3.52% 6.18% - 0.98% 5.20% 0.15% 5.35% 1.83% 5.33% 11.50% 732 La Joya 39 45 1.25% 4.23% 5.48% 0.18% 5.66% 1.45% 4.72% 6.17% 0.18% 6.35% 0.69% 6.35% NO MAX 721 La Marque 102 106 8.75% 5.77% 14.52% 0.16% 14.68% 9.54% 6.22% 15.76% 0.17% 15.93% 1.25% 15.63% NO MAX 728 La Porte 373 374 8.88% 6.76% 15.64% 0.16% 15.80% 9.50% 6.47% 15.97% 0.17% 16.14% 0.34% 16.14% NO MAX 731 La Vernia 16 16 1.25% 1.19% 2.44% 0.12% 2.56% 1.49% 1.19% 2.68% 0.12% 2.80% 0.24% 2.80% NO MAX 711 Lacy- Lakeview 49 50 8.65% 4.93% 13.58% 0.18% 13.76% 9.37% 5.26% 14.63% 0.19% 14.82% 1.06% 14.66% NO MAX 712 Ladonia 2 2 3.84% - 3.73% 0.11% 0.16% 0.27% 7.36% - 4.79% 2.57% 0.28% 2.85% 2.58% 2.35% NO MAX 713 Lago Vista 87 89 6.17% 0.31% 6.48% 0.21% 6.69% 6.94% 0.77% 7.71% 0.22% 7.93% 1.24% 7.40% 12.50% 705 Laguna Vista 15 15 2.64% - 0.14% 2.50% 0.12% 2.62% 3,21% 0.15% 3.36% 0.14% 3.50% 0.88% 3.39% NO MAX 717 Lake Dallas 32 31 8.92% 3.64% 12.56% 0.24% 12.80% 10.15% 3.41% 13.56% 0.26% 13.82% 1.02% 13.37% 13.50% 718 Lake Jackson 208 209 7.82% 3.91% 11.73% 0.21% 11.94% 8.22% 3.62% 11.84% 0.20% 12.04% 0.10% 12.04% NO MAX 719 Lake Worth 95 89 7.98% 4.54% 12.52% 0.17% 12.69% 8.85% 4.56% 13.41% 0.15% 13.56% 0.87% 13.56% NO MAX 727 Lakeport 5 5 2.70% - 2.70% 0.00% 0.15% 0.15% 3.28% - 3.28% 0.00% 0.15% 0.15% 0.00% 0.15% NO MAX 715 Lakeside 10 14 6.91% 0.22% 7.13% 0.27% 7.40% 7.05% 0,51% 7.56% 0.24% 7.80% 0.40% 7.48% 12.50% 729 Lakeside City 3 4 1.56% - 0.34% 1.22% 0.20% 1.42% 1.72% 0.20% 1.92% 0.17% 2.09% 0.67% 1.93% NO MAX 720 Lakeway 97 98 9.58% 3.37% 12.95% 0.15% 13.10% 10.27% 3.34% 13.61% 0.15% 13.76% 0.66% 13.60% 13.50% 722 Lamesa 63 73 4.18% - 0.58% 3.60% 0.00% 3.60% 5.05% - 0.34% 4.71% 0.00% 4.71% 1.11 % 4.10% 13.50% 724 Lampasas 112 114 9.02% 5.14% 14.16% 0.18% 14.34% 9.63% 5.20% 14.83% 0.19% 15.02% 0.68% 15.02% NO MAX 726 Lancaster 223 243 8.06% 5.24% 13.30% 0.14% 13.44% 8.58% 5.28% 13.86% 0.14% 14.00% 0.56% 13.94% NO MAX Page 13 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 14 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 730 Laredo 2,003 2,058 9.39% 11.90% 21.29% 0.19% 21.48% 10.05% 11.11% 21.16% 0.19% 21.35% -0.13% 21.35% NO MAX 733 Lavon 15 16 4.91% - 0.20% 4.71% 0.16% 4.87% 5.20% 0.12% 5.32% 0.20% 5.52% 0.65% 5.41% NO MAX 736 League City 479 495 9.01% 5.85% 14.86% 0.15% 15.01% 9.52% 5.87% 15.39% 0.14% 15.53% 0.52% 15.53% 15.50% 737 Leander 196 223 9.45% 2.73% 12.18% 0.13% 12.31% 9.85% 2.74% 12.59% 0.14% 12.73% 0.42% 12.73% 13.50% 735 Lefors 4 5 0.78% 3.07% 3.85% 0.05% 3.90% 1.07% 2.47% 3.54% 0.04% 3.58% - 0.32% 3.58% NO MAX 739 Leon Valley 99 100 8.66% 5.32% 13.98% 0.19% 14.17% 8.87% 4.05% 12.92% 0.19% 13.11% - 1.06% 13.11% NO MAX 738 Leonard 14 14 1.26% - 0.65% 0.61% 0.25% 0.86% 1.39% - 0.42% 0.97% 0.24% 1.21% 0.35% 1.21% 7.50% 740 Levelland 97 98 7.93% 4.01% 11.94% 0.19% 12.13% 8.25% 3.98% 12.23% 0.19% 12.42% 0.29% 12.42% NO MAX 742 Lewisville 699 735 9.63% 6.64% 16.27% 0.00% 16.27% 10.17% 6.38% 16.55% 0.00% 16.55% 0.28% 16.55% NO MAX 744 Lexington 11 13 6.02% 2.77% 8.79% 0.00% 8.79% 6.50% 2.15% 8.65% 0.00% 8.65% - 0.14% 8.65% NO MAX 746 Liberty 98 91 4.89% 12.85% 17.74% 0.00% 17.74% 5.56% 13.23% 18.79% 0.00% 18.79% 1.05% 18.24% NO MAX 745 Liberty Hill 15 16 6.66% 0.59% 7.25% 0.22% 7.47% 7.03% 0.52% 7.55% 0.17% 7.72% 0.25% 7.72% NO MAX 748 Lindale 49 51 8.34% 6.00% 14.34% 0.00% 14.34% 8.47% 5.84% 14.31% 0.00% 14.31% - 0.03% 14.31% NO MAX 750 Linden 12 12 1.58% - 0.24% 1.34% 0.38% 1.72% 1.85% - 0.50% 1.35% 0.39% 1.74% 0.02% 1.74% 7.50% 755 Lipan 5 5 1.73% - 0.04% 1.69% 0.23% 1.92% 2.01% 0.48% 2.49% 0.25% 2.74% 0.82% 2.57% NO MAX 751 Little Elm 198 200 10.70% 2.22% 12.92% 0.13% 13.05% 11.15% 2.34% 13.49% 0.12% 13.61% 0.56% 13.34% 13.50% 752 Littlefield 55 54 5.99% 3.11% 9.10% 0.22% 9.32% 6.38% 3.11% 9.49% 0.18% 9.67% 0.35% 9.67% 11.50% 753 Live Oak 114 114 10,31% 7.31% 17.62% 0.15% 17.77% 10.43% 6.97% 17.40% 0.15% 17.55% - 0.22% 17.55% NO MAX 757 Liverpool 4 4 1.73% 0.19% 1.92% 0.18% 2.10% 1.99% 0.61% 2.60% 0.20% 2.80% 0.70% 2.80% NO MAX 754 Livingston 83 81 8.09% 7.96% 16.05% 0.26% 16.31% 8.88% 7.55% 16.43% 0.25% 16.68% 0.37% 16.68% NO MAX 756 Llano 38 46 7.44% 6.57% 14.01% 0.34% 14.35% 8.21% 7.05% 15.26% 0.29% 15.55% 1.20% 14.80% NO MAX 758 Lockhart 128 126 7.18% 4.68% 11.86% 0.23% 12.09% 7.64% 5.42% 13.06% 0.24% 13.30% 1.21% 12.97% NO MAX 760 Lockney 4 4 2.05% - 2.05% 0.00% 0.67% 0.67% 2.60% - 2.60% 0.00% 0.69% 0.69% 0.02% 0.69% 7.50% 765 Lone Star 10 10 3.06% - 0.23% 2.83% 0.18% 3.01% 3.23% - 0.69% 2.54% 0.18% 2.72% - 0.29% 2.72% 7.50% 766 Longview 626 648 6.57% 3.29% 9.86% 0.20% 10.06% 7.31% 3.79% 11.10% 0.20% 11.30% 1.24% 10.56% 15.50% 768 Loraine 3 3 2.12% - 0.07% 2.05% 0.05% 2.10% 2.47% 0.18% 2.65% 0.05% 2.70% 0.60% 2.60% NO MAX 769 Lorena 15 17 6.62% 0.05% 6.67% 0.25% 6.92% 6.83% 0.28% 7.11% 0.27% 7.38% 0.46% 7.38% 10.50% 770 Lorenzo 7 6 4.71% 2.53% 2.18% 0.00% 2.18% 5.27% - 2.13% 3.14% 0.00% 3.14% 0.96% 3.03% 9.50% 771 Los Fresnos 51 52 2.13% - 1.30% 0.83% 0.17% 1.00% 2.36% - 0.83% 1.53% 0.16% 1.69% 0.69% 1.51 % 9.50% 773 Lott 8 8 1.47% -0.60% 0.87% 0.24% 1.11% 1.84% -0.23% 1.61% 0.07% 1.68% 0.57% 1.68% NO MAX 774 Lovelady 3 3 4.93% 1.16% 6.09% 0.17% 6.26% 4.80% 1.31% 6.11% 0.11% 6.22% - 0.04% 6.22% NO MAX 778 Lubbock 1,683 1,710 9.66% 8.30% 17.96% 0.00% 17.96% 9.99% 7.96% 17.95% 0.00% 17.95% - 0.01% 17.95% NO MAX 779 Lucas 26 31 10.71% 2.61% 13.32% 0.16% 13.48% 11.14% 2.61% 13.75% 0.15% 13.90% 0.42% 13.90% 13.50% Page 14 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 15 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 782 Lufkin 340 360 7.89% 7.83% 15.72% 0.21% 15.93% 8.69% 7.93% 16.62% 0.20% 16.82% 0.89% 16.42% NO MAX 784 Luling 79 81 4.91% 3.60% 8.51% 0.29% 8.80% 5.90% 3.73% 9.63% 0.30% 9.93% 1.13% 9.56% 11.50% 785 Lumberton 40 41 9.89% 6.80% 16.69% 0.19% 16.88% 10.26% 6.51% 16.77% 0.20% 16.97% 0.09% 16.97% NO MAX 786 Lyford 14 15 1.12% 3.24% 4.36% 0.00% 4.36% 1.29% 3.90% 5.19% 0.00% 5.19% 0.83% 4.93% NO MAX 787 Lytle 22 23 5.95% 3.06% 9.01% 0.15% 9.16% 6.51% 2.97% 9.48% 0.16% 9.64% 0.48% 9.64% 11.50% 790 Madisonville 34 38 6.28% 2.75% 9.03% 0.38% 9.41% 6.76% 2.79% 9.55% 0.33% 9.88% 0.47% 9.86% 11.50% 791 Magnolia 24 29 1.87% -0.49% 1.38% 0.30% 1.68% 2.13% -0.26% 1.87% 0.32% 2.19% 0.51% 2.19% 8.50% 792 Malakoff 26 26 5.49% 0.43% 5.92% 0.22% 6.14% 5.92% 0.93% 6.85% 0.23% 7.08% 0.94% 6.33% 13.50% 796 Manor 42 49 3.60% - 0.24% 3.36% 0.11% 3.47% 4.14% 0.10% 4.24% 0.12% 4.36% 0.89% 4.20% NO MAX 798 Mansfield 496 488 10.35% 3.79% 14.14% 0.14% 14.28% 10.89% 3.73% 14.62% 0.16% 14.78% 0.50% 14.78% NO MAX 799 Manvel 30 38 5.49% 0.16% 5.65% 0.14% 5.79% 6.38% 0.30% 6.68% 0.15% 6.83% 1.04% 6.53% 13.50% 800 Marble Falls 105 105 4.84% - 0.49% 4.35% 0.18% 4.53% 5.49% 0.15% 5.64% 0.19% 5.83% 1.30% 5.09% 13.50% 802 Marfa 26 31 4.00% - 109% 0.91% 0.40% 1.31% 4.20% - 2.20% 2.00% 0.36% 2.36% 1.05% 2.10% 11.50% 804 Marion 11 11 5.93% - 0.89% 5.04% 0.42% 5.46% 6.46% - 0.56% 5.90% 0.42% 6.32% 0.86% 6.18% 11.50% 806 Marlin 47 48 6.54% 2.75% 9.29% 0.31% 9.60% 6.81% 2.92% 9.73% 0.29% 10.02% 0.42% 9.75% 11.50% 810 Marshall 179 182 9.80% 6.39% 16.19% 0.26% 16.45% 10.07% 6.66% 16.73% 0.23% 16.96% 0.51% 16.92% NO MAX 812 Mart 12 13 4.96% -3.69% 1.27% 0.25% 1.52% 5.37% -3.89% 1.48% 0.24% 1.72% 0.20% 1.72% 9.50°1% 813 Martindale 4 4 5.61% 3.24% 8.85% 0.16% 9.01% 5.94% 4.63% 10.57% 0.17% 10.74% 1.73% 10.13% NO MAX 814 Mason 32 33 4.19% 1.85% 6.04% 0.23% 6.27% 4.68% 1.73% 6.41% 0.26% 6.67% 0.40% 6.67% 9.50% 816 Matador 3 4 2.14% 3.98% 6.12% 0.36% 6.48% 2.12% 5.05% 7.17% 0.27% 7.44% 0.96% 6.96% NO MAX 818 Mathis 46 58 5.10% - 2.06% 3.04% 0.19% 3.23% 5.65% - 1.37% 4.28% 0.18% 4.46% 1.23% 3.80% 13.50% 820 Maud 7 7 1.44% 1.84% 3.28% 0.12% 3.40% 1.69% 2.03% 3.72% 0.10% 3.82% 0.42% 3.82% NO MAX 822 Maypearl 7 6 1.58% 0.06% 1.64% 0.21% 1.85% 1.70% 0.18% 1.88% 0.13% 2.01% 0.16% 2.01% 7.50% 824 McAllen 1,489 1,529 4.39% 2.27% 6.66% 0.00% 6.66% 4.90% 3.00% 7.90% 0.00% 7.90% 1.24% 7.16% 13.50% 826 McCamey 10 13 2.48% - 0.87% 1.61% 0.23% 1.84% 2.99% -0.11% 2.88% 0.15% 3.03% 1.19% 2.78% 9.50% 828 McGregor 49 52 7.80% 2.75% 10.55% 0.25% 10.80% 8.55% 2.28% 10.83% 0.26% 11.09% 0.29% 11.09% 12.50% 830 McKinney 870 881 11.47% 3.71% 15.18% 0.13% 15.31% 11.61% 3.69% 15.30% 0.13% 15.43% 0.12% 15.43% NO MAX 832 McLean 6 7 1.81% -0.23% 1.58% 0.24% 1.82% 1.69% 0.26% 1.95% 0.19% 2.14% 0.32% 2.14% NO MAX 833 McLendon - Chisholm 2 2 2.31% 6.10% 8.41% 0.81% 9.22% 3.75% 5.90% 9.65% 0.77% 10.42% 1.20% 10.42% NO MAX 831 Meadowlakes 10 20 1.85% -0.55% 1.30% 0.15% 1.45% 2.26% 0.02% 2.28% 0.14% 2.42% 0.97% 2.34% NO MAX 835 Meadows Place 23 24 5.26% 0.74% 6.00% 0.19% 6.19% 6.34% 1.84% 8.18% 0.19% 8.37% 2.18% 7.43% 13.50% 837 Melissa 43 49 6.26% 0.81 % 7.07% 0.16% 7.23% 675% 1.14% 7.89% 0.15% 8.04% 0.81% 7.34% NO MAX 1501 Memorial Villages PD 41 37 5.66% 3.64% 9.30% 0.16% 9.46%1 6.65% 4.19% 10.84% 0.17% 11.01%1 1.55% 10.45% NO MAX Page 15 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 16 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 840 Memphis 18 20 4.29% 0.64% 4.93% 0.26% 5.19% 4.85% -0.56% 4.29% 0.24% 4.53% -0.66% 4.53% NO MAX 842 Menard 7 6 3.21% -3.21% 0.00% 0.00% 0.00% 3.47% - 3.47% 0.00% 0.00% 0.00% 0.00% 0.00% NO MAX 844 Mercedes 111 108 10.50% 8.59% 19.09% 0.19% 19.28% 10.91% 8.19% 19.10% 0.21% 19.31% 0.03% 19.31% NO MAX 846 Meridian 9 10 3.29% - 1.03% 2.26% 0.11% 2.37% 3.72% - 0.62% 3.10% 0.09% 3.19% 0.82% 2.85% 11.50% 848 Merkel 15 15 7.28% 6.05% 13.33% 0.12% 13.45% 7.74% 5.49% 13.23% 0.12% 13.35% -0.10% 13.35% NO MAX 852 Mertzon 5 3 4.14% 4.34% 8.48% 0.28% 8.76% 5.20% 6.57% 11.77% 0.53% 12.30% 3.54% 11.91% NO MAX 854 Mesquite 1,038 1,059 4.75% 5.54% 10.29% 0.00% 10.29% 5.58% 6.43% 12.01% 0.00% 12.01% 1.72% 10.87% NO MAX 856 Mexia 99 96 8.96% 2.84% 11.80% 0.22% 12.02% 9.79% 2.74% 12.53% 0.23% 12.76% 0.74% 12.53°1% 13.50% 860 Midland 703 771 8.51% 6,51% 15.02% 0.21% 15.23% 8.72% 6.14% 14.86% 0.20% 15.06% -0.17% 15.06% NO MAX 862 Midlothian 189 196 10.45% 3.60% 14.05% 0.15% 14.20% 10.92% 3.67% 14.59% 0.15% 14.74% 0.54% 14.74% NO MAX 863 Milano 2 2 1.49% 2.60% 4.09% 0.29% 4.38% 1.97% 3.55% 5.52% 0.24% 5.76% 1.38% 5.76% NO MAX 864 Miles 4 4 1.00% - 1.00% 0.00% 0.07% 0.07% 1.31% -1.31% 0.00% 0.07% 0.07% 0.00% 0.07% 7.50% 865 Milford 8 6 3.57% 4.71% 8.28% 0.52% 8.80% 4.27% 5.51% 9.78% 0.32% 10.10% 1.30% 9.16% NO MAX 868 Mineola 46 52 5.04% -1.51% 3.53% 0.23% 3.76% 5.34% - 0.96% 4.38% 0.18% 4.56% 0.80% 4.36% 11.50% 870 Mineral Wells 162 160 6.07% 2.78% 8.85% 0.25% 9.10% 6.62% 2.31% 8.93% 0.26% 9.19% 0.09% 9.19% 11.50% 874 Mission 630 646 6.08% 1.78% 7.86% 0.14% 8.00% 6.43% 2.01% 8.44% 0.15% 8.59% 0.59% 8.51% 12.50% 875 Missouri City 312 322 4.89% 0.90% 5.79% 0.12% 5.91% 5.55% 1.51% 7.06% 0.12% 7.18% 1.27% 6.41% 15.50% 876 Monahans 57 60 5.26% 3.67% 8.93% 0.25% 9.18% 5.42% 2.70% 8.12% 0.25% 8.37% -0.81% 8.37% NO MAX 887 Mont Belvieu 65 68 9.50% 6.43% 15.93% 0.16% 16.09% 10.01% 6.26% 16.27% 0.17% 16.44% 0.35% 16.44% NO MAX 877 Montgomery 15 19 5.18% - 1.05% 4.13% 0.00% 4.13% 6.61% - 0.72% 5.89% 0.00% 5.89% 1.76% 5.48% 13.50% 878 Moody 11 12 1.14% 1.55% 2.69% 0.24% 2.93% 1.37% 1.64% 3.01% 0.15% 3.16% 0.23% 3.16% 7.50% 883 Morgan's Point 15 12 9.06% 0.59% 9.65% 0.34% 9.99% 9.14% 0.72% 9.86% 0.22% 10.08% 0.09% 9.52% NO MAX 882 Morgan's Point Resort 22 26 9.69% 1.99% 11.68% 0.25% 11.93% 10.25% 2.28% 12.53% 0.23% 12.76% 0.83% 11.44% 13.50% 884 Morton 9 9 6.09% - 1.55% 4.54% 0.17% 4.71% 6.48% - 1.53% 4.95% 0.18% 5.13% 0.42% 5.13% NO MAX 886 Moulton 11 9 5.14% 1.54% 6.68% 0.16% 6.84% 5.32% 1.75% 7.07% 0.17% 7.24% 0.40% 7.24% NO MAX 890 Mount Enterprise 2 2 1.79% 0.12% 1.91% 0.34% 2.25% 2.12% 0.77% 2.89% 0.37% 3.26% 1.01% 2.78% NO MAX 892 Mt. Pleasant 145 153 9.83% 5.52% 15.35% 0.18% 15.53% 10.21% 5.27% 15.48% 0.18% 15.66% 0.13°1% 15.66% NO MAX 894 Mt. Vernon 21 21 7.91% 2.28% 10.19% 0.24% 10.43% 8.82% 2.60% 11.42% 0.21% 11.63% 1.20% 11.26% 13.50% 896 Muenster 13 13 4.79% - 4.30% 0.49% 0.00% 0.49% 5.22% -4.13% 1.09% 0.00% 1.09% 0.60% 0.99% 11.50% 898 Muleshoe 33 33 9.20% 6.69% 15.89% 0.21% 16.10% 8.77% 6.82% 15.59% 0.19% 15.78% -0.32% 15.78% NO MAX 901 Munday 9 8 1.14% 2.19% 3.33% 0.26% 3.59% 1.23% 2.65% 3.88% 0.21% 4.09% 0.50% 4.04% NO MAX 903 Murphy 111 112 11.40% 2.36% 13.76% 0.13% 13.89% 12.13% 2.28% 14.41% 0.11% 14.52% 0.63% 13.13% 13.50% 10904 Nacogdoches 299 298 7.70% 6.23% 13.93% 0.18% 14.11%1 8.37% 6.51% 14.88% 0.18% 15.06%1 0.95%1 14.61%1 NO MAX Page 16 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 17 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 906 Naples 9 10 3.57% -1.64% 1.93% 0.42% 2.35% 4.01% -1.31% 2.70% 0.46% 3.16% 0.81% 2.98% 9.50% 907 Nash 18 20 3.76% 0.82% 4.58% 0.18% 4.76% 4.97% 1.39% 6.36% 0.17% 6.53% 1.77% 5.84% 13.50% 905 Nassau Bay 44 45 9.41% 5.84% 15.25% 0.13% 15.38% 9.76% 5.92% 15.68% 0.15% 15.83% 0.45% 15.75% NO MAX 909 Natalia 12 10 1.84% 0.48% 2.32% 0.17% 2.49% 2.10% 0.87% 2.97% 0.18% 3.15% 0.66% 3.15% NO MAX 908 Navasota 93 97 4.92% 2.57% 7.49% 0.19% 7.68% 5.72% 2.72% 8.44% 0.16% 8.60% 0.92% 8.22% 11.50% 910 Nederland 115 114 7.76% -2.34% 5.42% 0.00% 5.42% 8.11% -1.48% 6.63% 0.00% 6.63% 1.21% 5.96% NO MAX 912 Needville 16 16 3.23% 0.03% 3.26% 0.38% 3.64% 3.64% 0.20% 3.84% 0.43% 4.27% 0.63% 4.19% 9.50% 914 New Boston 34 32 2.97% -0.63% 2.34% 0.22% 2.56% 3.19% -1.04% 2.15% 0.23% 2.38 % -0.18% 2.38% 7.50% 10916 New Braunfels 535 560 11.13% 6.10% 17.23% 0.13% 17.36% 11.16% 5.78% 16.94% 0.14% 17.08% -0.28% 17.08% NO MAX 20916 New Braunfels Utilities 231 241 6.73% 5.72% 12.45% 0.18% 12.63% 7.18% 5.26% 12.44% 0.18% 12.62% -0.01% 12.62% NO MAX 915 New Deal 4 4 2.17% - 2.17% 0.00% 0.00% 0.00% 2.42% -2.24% 0.18% 0.00% 0.18% 0.18% 0.18% 7.50% 923 New Fairview 1 1 0.64% 4.02% 4.66% 0.11% 4.77% 1.05% 8.18% 9.23% 0.11% 9.34% 4.57% 7.55% NO MAX 918 New London 10 10 3.64% 1.61% 5.25% 0.00% 5.25% 3.79% 1.79% 5.58% 0.00% 5.58% 0.33% 5.58% 7.50% 919 New Summerfield 10 10 6.83% 0.69% 7.52% 0.00% 7.52% 7.73% 1.94% 9.67% 0.00% 9.67% 2.15% 9.08% 13.50% 917 New Waverly 5 5 4.58% 1.35% 5.93% 0.25% 6.18% 4.97% - 0.12% 4.85% 0.26% 5.11% -1.07% 5.11% 9.50% 913 Newark 3 5 1.62% 1.71% 3.33% 0.11% 3.44% 1.89% 1.27% 3.16% 0.09% 3.25% -0.19% 3.25% NO MAX 920 Newton 20 25 8.54% 12.04% 20.58% 0.23% 20.81% 10.04% 11.19% 21.23% 0.21% 21.44% 0.63% 21.44% NO MAX 922 Nixon 22 18 1.10% -0.10% 1.00% 0.22% 1.22% 1.29% -0.04% 1.25% 0.21% 1.46% 0.24% 1.46% NO MAX 924 Nocona 26 25 6.34% 2.92% 9.26% 0.21% 9.47% 6.42% 2.91% 9.33% 0.20% 9.53% 0.06% 9.53% 11.50% 925 Nolanville 13 14 1.39% 0.50% 1.89% 0.14% 2.03% 1.58% 0.60% 2.18% 0.08% 2.26% 0.23% 2.26% NO MAX 928 Normangee 7 8 4.57% - 1.12% 3.45% 0.14% 3.59% 4.65% -1.19% 3.46% 0.12% 3.58% -0.01% 3.58% 11.50% 931 North Richland Hills 542 540 10.60% 5.66% 16.26% 0.00% 16.26% 11.01% 5.32% 16.33% 0.00% 16.33% 0.07% 16.33% NO MAX 930 Northlake 20 24 8.16% 0.84% 9.00% 0.11% 9.11% 8.68% 1.24% 9.92% 0.11% 10.03% 0.92% 9.09% NO MAX 935 O'Donnell 3 3 1.66% 5.17% 6.83% 0.25% 7.08% 1.66% 5.91% 7.57% 0.15% 7.72% 0.64% 7.48% NO MAX 936 Oak Point 17 18 5.21% 1.49% 6.70% 0.13% 6.83% 5.73% 2.05% 7.78% 0.12% 7.90% 1.07% 7.32% NO MAX 937 Oak Ridge North 49 48 8.58% 3.13% 11.71% 0.16% 11.87% 9.01% 3.15% 12.16% 0.17% 12.33% 0.46% 12.33% NO MAX 942 Odem 12 14 4.06% 2.78% 6.84% 0.36% 7.20% 4.39% 3.63% 8.02% 0.31% 8.33% 1.13% 8.05% NO MAX 944 Odessa 662 725 7.54% 5.85% 13.39% 0.18% 13.57% 8.02% 6.00% 14.02% 0.18% 14.20% 0.63% 14.07% NO MAX 945 Oglesby 1 1 0.77% - 0.76% 0.01% 0.53% 0.54% 1.09% -1.04% 0.05% 0.55% 0.60% 0.06% 0.60% 949 Old River - Winfree 1 1 2.11% -2.11% 0.00% 0.00% 0.00% 2.39% -2.39% 0.00% 0.00% 0.00% 0.00% 0.00% 950 Olmos Park 36 36 3.19% -1.98% 1.21% 0.00% 1.21% 3.90% - 1.54% 2.36% 0.00% 2.36% 1.15% 1.75% JNOMO 951 Olney 24 22 5.83% 0.87% 6.70% 0.15% 6.85% 6.75% 1.36% 8.11% 0.24% 8.35% 1.50% 7.58% 953 Omaha 6 6 1.76% 3.01% 4.77% 0.26% 5.03% 2.09% 3.07% 5.16% 0.23% 5.39% 0.36% 5.39% Page 17 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 18 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE-IN 2017 RATES WITHOUT MAXIMUM OR PHASE-IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPIL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE-IN ONLY 954 Onalaska 12 12 2.25% -0.64% 1.61% 0.12% 1.73% 3.03% -0.37% 2.66% 0.13% 2.79% 1.06% 2.69% 9.50% 958 Orange 157 157 10.90% 6.97% 17.87% 0.00% 17.87% 10.84% 6.42% 17.26% 0.00% 17.26% -0.61% 17.26% NO MAX 960 Orange Grove 11 10 4.62% -2.67% 1.95% 0.15% 2.10% 5.61% -3.55% 2.06% 0.19% 2.25% 0.15% 2.25% 9.50% 959 Ore City 9 9 1.33% -0,57% 0.76% 0.19% 0.95% 1.78% -0.39% 1,39% 0.17% 1.56% 0.61% 1.52% 7,50% 962 Overton 17 19 3.47% -2.55% 0.92% 0.27% 1.19% 4.13% -1.73% 2.40% 0.28% 2.68% 1.49% 2.24% 11.50% 961 Ovilla 25 24 8.29% 0.44% 8.73% 0.17% 8.90% 8.75% 0.79% 9.54% 0.19% 9.73% 0.83% 8.42% 13.50% 963 Oyster Creek 19 19 7.49% 1.86% 9.35% 0.21% 9.56% 8.36% 2.47% 10.83% 0.22% 11.05% 1.49% 10.21% 13.50% 964 Paducah 10 13 4.23% -1.75% 2.48% 0.35% 2.83% 4.60% -4.23% 0,37% 0.23% 0.60% -2,23% 0.60% 9,50% 966 Palacios 33 32 9.87% 6,95% 16.82% 0.23% 17.05% 10.95% 7.17% 18.12% 0.25% 18.37% 1.32% 17.86% NO MAX 968 Palestine 162 169 7.51% 6.42% 13.93% 0.20% 14.13% 7.92% 6.26% 14.18% 0.20% 14.38% 0.25% 14.38% NO MAX 970 Palmer 23 22 6.06% 0.72% 6.78% 0.16% 6.94% 6.46% 0.48% 6.94% 0.16% 7.10% 0.16% 7.10% 11.50% 969 Palmhurst 24 23 4.91% 0.38% 5.29% 0.08% 5.37% 5.14% 0.47% 5.61% 0.08% 5.69% 0.32% 5.69% NO MAX 971 Palmview 45 56 0.70% 1.32% 2.02% 0.07% 2.09% 1.04% 1.28% 2.32% 0.08% 2.40% 0.31% 2.40% NO MAX 972 Pampa 151 160 8.17% 13.10% 21.27% 0.26% 21.53% 9.00% 12.55% 21.55% 0.22% 21.77% 0.24% 21.77% NO MAX 974 Panhandle 18 16 7.12% 6.51% 13.63% 0.00% 13.63% 7.32% 5.73% 13.05% 0.00% 13.05% -0.58% 13.05% NO MAX 973 Panorama Village 12 11 5.81% -0.15% 5.66% 0.43% 6.09% 5.74% 0.73% 6.47% 0.41% 6.88% 0.79% 6.57% 12.50% 975 Pantego 42 40 10.08% 6.49% 16.57% 0.13% 16.70% 11.01% 7.48% 18.49% 0.14% 18.63% 1.93% 17.97% NO MAX 976 Paris 263 261 3.64% 2.09% 5.73% 0.23% 5.96% 4.19% 2.78% 6,97% 0.23% 7.20% 1.24% 6.46% NO MAX 977 Parker 20 21 6.51% 4,69% 11.20% 0.20% 11.40% 7,50% 4.73% 12.23% 0.24% 12.47% 1.07% 11.94% 13.50% 978 Pasadena 960 970 8.61% 4.09% 12.70% 0.23% 12.93% 9.31% 4.35% 13.66% 0.22% 13.88% 0.95% 13.42% NO MAX 983 Pearland 561 605 9.98% 3.39% 13.37% 0.12% 13.49% 10.20% 3.41% 13.61% 0.12% 13.73% 0.24% 13.73% 13.50% 984 Pearsall 72 70 2.51% 0.78% 3.29% 0.22% 3.51% 2.55% 0.72% 3.27% 0.24% 3.51% 0.00% 3.51% 7.50% 988 Pecos City 107 124 5.58% -0,40% 5.18% 0.25% 5.43% 5,91% 0.07% 5,98% 0.25% 6.23% 0.80% 6.07% 11.50% 994 Perryton 84 81 7.11% 7.00% 14.11% 0.20% 14.31% 8.12% 6.98% 15.10% 0.23% 15.33% 1.02% 14.84% NO MAX 1000 Pflugerville 281 304 10.03% 3.61% 13.64% 0.14% 13.78% 10.10% 3.43% 13.53% 0.14% 13.67% -0.11% 13.67% NO MAX 1002 Pharr 540 554 4.29% 2.23% 6.52% 0.13% 6.65% 5.23% 2.78% 8.01% 0.13% 8.14% 1.49% 7.29% NO MAX 1004 Pilot Point 38 44 7.74% 1.29% 9.03% 0.15% 9.18% 7.70% 1.29% 8.99% 0.15% 9.14% -0.04% 9.14% 11.50% 1005 Pinehurst 21 21 9.51% 6,63% 16,14% 0.32% 16.46% 11.80% 7,64% 19,44% 0.25% 19.69% 3.23% 18.96% NO MAX 1003 Pineland 12 12 4.97% 5.29% 10.26% 0.31% 10.57% 5.38% 4.84% 10.22% 0.34% 10.56% -0.01% 10.56% NO MAX 1001 Piney Point Village 6 6 6.06% 0.63% 6.69% 0.46% 7.15% 6.54% 1.34% 7.88% 0.46% 8.34% 1.19% 8.03% NO MAX 1006 Pittsburg 32 36 7.56% 7.79% 15.35% 0.22% 15.57% 8.73% 7.69% 16.42% 0.20% 16.62% 1.05% 16.05% NO MAX 1007 Plains 8 7 6.87% -1.13% 5.74% 0.14% 5.88% 7.91% -0.55% 7.36% 0.16% 7.52% 1.64% 6.72% NO MAX 1008 Plainview 138 140 8.41% 5.37% 13.78% 0.00% 13.78%1 9.21% 4.98% 14,19% 0.00% 14.19%1 0.41%1 14.19%1 NO MAXI Page 18 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 19 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 1010 Plano 2,200 2,243 11.05% 6.39% 17.44% 0.00% 17.44% 11.35% 5.97% 17.32% 0.00% 17.32 % -0.12% 17.32% NO MAX 1012 Pleasanton 94 100 9.77% 6.51% 16.28% 0.17% 16.45% 9.91% 6.41% 16.32% 0.17% 16.49% 0.04% 16.49% NO MAX 1013 Point 7 9 9.25% 3.93% 13.18% 0.00% 13.18% 9.77% 3.22% 12.99% 0.00% 12.99% -0.19% 12.99% 13.50% 1017 Ponder 9 10 4.67% 0.62% 5.29% 0.32% 5.61% 5,21% 1.26% 6.47% 0.36% 6.83% 1.22% 6.36% NO MAX 1014 Port Aransas 107 119 7.91% 4.31% 12.22% 0.24% 12.46% 8.37% 3.40% 11.77% 0.23% 12.00% -0.46% 12.00% 12.50% 11016 Port Arthur 543 528 6.47% 7.14% 13.61% 0.25% 13.86% 6.92% 6.71% 13.63% 0.25% 13.88% 0.02% 13.88% NO MAX 1018 Port Isabel 80 78 3.45% 0.20% 3.65% 0.18% 3.83% 4.08% -0.19% 3.89% 0.18% 4.07% 0.24% 4.07% 9.50% 1020 Port Lavaca 91 94 4.18% 1.50% 5.68% 0.25% 5.93% 4.73% 1.29% 6.02% 0.23% 6.25% 0.32% 6.25% 9.50% 1022 Port Neches 91 95 8.76% 2.84% 11.60% 0.00% 11.60% 8.72% 3.37% 12.09% 0.00% 12.09% 0.49% 12.09% NO MAX 1019 Portland 113 123 7.66% 6.64% 14.30% 0.17% 14.47% 8.14% 6.36% 14.50% 0.19% 14.69% 0.22% 14.69% NO MAX 1024 Post 15 13 3.81% 6.27% 10.08% 0.48% 10.56% 4.04% 6.70% 10.74% 0.54% 11.28% 0.72% 11.12% NO MAX 1026 Poteet 25 25 2.99% - 2.27% 0.72% 0.25% 0.97% 3.52% -1.87% 1.65% 0.27% 1.92% 0.95% 1.74% 9.50% 1028 Poth 12 11 2.03% 1.46% 3.49% 0.33% 3.82% 2.45% 1.82% 4.27% 0.34% 4.61% 0.79% 4.38% 9.50% 1030 Pottsboro 20 20 5.32% 0.39% 5.71% 0.15% 5.86% 5.95% 0.82% 6.77% 0.15% 6.92% 1.06% 6.16% 13.50% 1032 Premont 18 19 1.06% - 1.04% 0.02% 0.25% 0.27% 1.43% - 0.72% 0.71% 0.25% 0.96% 0.69% 0.87% 7.50% 1029 Presidio 41 40 1.08% -0.64% 0.44% 0.17% 0.61% 1.38% -0.45% 0.93% 0.19% 1.12% 0.51% 1.12% NO MAX 1033 Primera 18 19 1.05% -0.72% 0.33% 0.17% 0.50% 1.24% -0.46% 0.78% 0.18% 0.96% 0.46% 0.96% 7.50% 1034 Princeton 44 44 9.69% 0.92% 10.61% 0.13% 10.74% 10.02% 0.64% 10.66% 0.14% 10.80% 0.06% 10.80% 13.50% 1036 Prosper 107 121 11.93% 1.45% 13.38% 0.00% 13.38% 12.31% 1.66% 13.97% 0.00% 13.97% 0.59% 13.46% 13.50% 1037 Providence Village N/A 5 5.01% 2.36% 7.37% 0.19% 7.56% 5.37% 1.80% 7.17% 0.19% 7.36% -0.20% 7.36% NO MAX 1042 Quanah 17 17 4.30% 5.64% 9.94% 0.33% 10.27% 4.56% 5.43% 9.99% 0.34% 10.33% 0.06% 10.33% NO MAX 1045 Queen City 14 12 2.30% -0.85% 1.45% 0.21% 1.66% 2.53% -0.57% 1.96% 0.24% 2.20% 0.54% 2.19% 7.50% 1044 Quinlan 15 16 9.05% 1.43% 10.48% 0.11% 10.59% 9.55% 0.58% 10.13% 0.09% 10.22% -0.37% 10.22% 12.50% 1047 Quintana 2 3 1.54% - 0.21% 1.33% 0.09% 1.42% 1.92% 0.68% 2.60% 0.08% 2.68% 1.26% 2.31% NO MAX 1046 Quitaque 4 4 1.66% 2.74% 4.40% 0.32% 4.72% 1.95% 3.78% 5.73% 0.29% 6.02% 1.30% 5.37% NO MAX 1048 Quitman 23 23 6.17% 1.93% 8.10% 0.19% 8.29% 6.56% 2.06% 8.62% 0.19% 8.81% 0.52% 8.79% 11.50% 1050 Ralls 11 13 4.92% 2.30% 7.22% 0.38% 7.60% 5.26% 1.85% 7.11% 0.35% 7.46% -0.14% 7.46% 9.50% 1051 Rancho Viejo 10 10 4.42% 1.81% 6.23% 0.08% 6.31% 5.11% 2.30% 7.41% 0.08% 7.49% 1.18% 6.81% 11.50% 1052 Ranger 28 27 8.09% 0.69% 8.78% 0.00% 8.78% 8.01% 0.09% 8.10% 0.00% 8.10% -0.68% 8.10% 12.50% 1054 Rankin 6 4 1.52% -0.45% 1.07% 0.27% 1.34% 1.86% -0.66% 1.20% 0.26% 1.46% 0.12% 1.46% 7.50% 1055 Ransom Canyon 11 11 4.55% 9.85% 14.40% 0.20% 14.60% 5.21% 10.12% 15.33% 0.21% 15.54% 0.94% 15.11% NO MAX 1058 Raymondville 73 72 3.49% - 101 % 0.48% 0.28% 0.76% 438% - 2.59% 1.79% 0.27% 2.06% 1.30% 1.25% 15.50% 1061 1 Red Oak 79 84 4.61% 0.70% 5.31% 0.13% 5.44%1 5.08% 1.09% 6.17% 0.13% 6.30%1 0.86%1 5.9 %1 12.50% Page 19 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 20 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 1062 Redwater 8 7 2.71% 0.68% 3.39% 0.21% 3.60% 3.14% 1.21% 4.35% 0.24% 4.59% 0.99% 4.33% NO MAX 1064 Refugio 29 31 0.70% - 0.70% 0.00% 0.00% 0.00% 0.99% - 0.99% 0.00% 0.00% 0.00% 0.00% 0.00% 7.50% 1065 Reklaw 5 6 7.24% 9.10% 16.34% 0.40% 16.74% 8.37% 9.42% 17.79% 0.36% 18.15% 1.41% 17.20% NO MAX 1066 Reno (Lamar County) 10 12 5.40% - 2.22% 3.18% 0.09% 3.27% 5,61% -1.91% 3.70% 0.08% 3.78% 0.51% 3.76% 11.50% 1069 Reno (Parker County) 14 15 3.18% - 0.66% 2.52% 0.26% 2.78% 3.65% - 0.43% 3.22% 0.28% 3.50% 0.72% 3.50% NO MAX 1067 Rhome 11 12 6.44% -0.31% 6.13% 0.14% 6.27% 6.67% 0.23% 6.90% 0.13% 7.03% 0.76% 6.04% 13.50% 1068 Rice 9 11 1.20% -0.88% 0.32% 0.11% 0.43% 1.53% -0.60% 0.93% 0.10% 1.03% 0.60% 1.03% 7.50% 1070 Richardson 964 981 7.13% 6.19% 13.32% 0.00% 13.32% 7.99% 6.59% 14.58% 0.00% 14.58% 1.26% 13.82% NO MAX 1073 Richland Hills 73 77 10.96% 5.20% 16.16% 0.26% 16.42% 11.38% 4.76% 16.14% 0.23% 16.37% -0.05% 16.37% NO MAX 1074 Richland Springs 1 1 6.37% - 6.37% 0.00% 1.87% 1.87% 6.82% - 6.82% 0.00% 1.65% 1.65% -0.22% 1.65% NO MAX 1076 Richmond 139 153 9.24% 3.97% 13.21% 0.15% 13.36% 10.16% 3.77% 13.93% 0.15% 14.08% 0.72% 14.07% NO MAX 1077 Richwood 19 23 7.14% 3.86% 11.00% 0.20% 11.20% 7.77% 3.47% 11.24% 0.19% 11.43% 0.23% 11.43% NO MAX 1072 Riesel 8 8 1.35% 4.22% 5.57% 0.30% 5.87% 1.76% 4.79% 6.55% 0.31% 6.86% 0.99% 6.50% NO MAX 1075 Rio Grande City 140 150 5.40% 1.86% 7.26% 0.12% 7.38% 5.62% 1.57% 7.19% 0.13% 7.32% -0.06% 7.32% NO MAX 1079 Rio Vista 9 9 1.94% 3.03% 4.97% 0.24% 5.21% 2.24% 1.83% 4.07% 0.16% 4.23% -0.98% 4.23% NO MAX 1080 Rising Star 7 7 1.62% -1.62% 0.00% 0.39% 0.39% 1.73% -1.54% 0.19% 0.21% 0.40% 0.01% 0.40% NO MAX 1082 River Oaks 56 53 9.14% 6.36% 15.50% 0.30% 15.80% 9.65% 5.06% 14.71% 0.29% 15.00 % -0.80% 15.00% NO MAX 1084 Roanoke 119 119 12.59% 3.93% 16.52% 0.00% 16.52% 12.59% 4.30% 16.89% 0.00% 16.89% 0.37% 16.53% NO MAX 1088 Robert Lee 4 4 1.47% 4.25% 5.72% 0.22% 5.94% 1.74% 5.15% 6.89% 0.20% 7.09% 1.15% 6.42% NO MAX 1089 Robinson 68 67 8.73% 4.44% 13.17% 0.16% 13.33% 9.86% 4.82% 14.68% 0.17% 14.85% 1.52% 14.21% 13.50% 21090 Robstown 117 110 3.93% 2.17% 6.10% 0.14% 6.24% 4.39% 2.02% 6.41% 0.12% 6.53% 0.29% 6.53% 9.50% 11090 Robstown Utility Systems 46 45 6.45% 10.08% 16.53% 0.24% 16.77% 6.86% 10.01% 16.87% 0.26% 17.13% 0.36% 17.13% NO MAX 1092 Roby 4 3 5.05% - 2.97% 2.08% 0.38% 2.46% 6.03% - 1.64% 4.39% 0.57% 4.96% 2.50% 3.96% NO MAX 1096 Rockdale 47 47 6.75% 2.90% 9.65% 0.27% 9.92% 7.05% 2.85% 9.90% 0.28% 10.18% 0.26% 10.18% 11.50% 1098 Rockport 118 119 9.78% 5.42% 15.20% 0.23% 15.43% 10.24% 4.81% 15.05% 0.24% 15.29% -0.14% 15.29% NO MAX 1100 Rocksprings 8 7 1.86% -1.86% 0.00% 0.00% 0.00% 2.60% -0.60% 2.00% 0.00% 2.00% 2.00% 1.82% NO MAX 1102 Rockwall 259 260 11.72% 4.50% 16.22% 0.14% 16.36% 11.94% 4.23% 16.17% 0.14% 16.31% -0.05% 16.31% NO MAX 1104 Rogers 8 8 3.19% 1.16% 4.35% 0.00% 4.35% 3.34% 2.02% 5.36% 0.00% 5.36% 1.01% 4.92% NO MAX 1105 Rollingwood 14 15 7.87% 0.51% 8.38% 0.20% 8.58% 8.00% 1.37% 9.37% 0.21% 9.58% 1.00% 9.17% 12.50% 1106 Roma 118 129 6.11% 4.40% 10.51% 0.22% 10.73% 6.64% 4.25% 10.89% 0.22% 11.11% 0.38% 11.11% 11.50% 1109 Roscoe 6 8 1.54% -0.31% 1.23% 0.33% 1.56% 1.81% 0.16% 1.97% 0.27% 2.24% 0.68% 2.00% NO MAX 1112 Rosebud 12 12 1.57% - 0.23% 1.34% 0.21% 1.55% 1.81% 0.02% 1.83% 0.22% 2.05% 0.50% 2.05% NO MAX 1114 Rosenberg 236 250 8.25% 5.23% 13.48% 0.14% 13.62% 8.22% 4.92% 13.14% 0.13% 13.27% -0.35% 13.27% NO MAX Page 20 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 21 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE-IN 2017 RATES WITHOUT MAXIMUM OR PHASE-IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPIL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE-IN ONLY 1116 Rotan 4 5 0.92% -0.92% 0.00% 0.30% 0.30% 1.27% -1.27% 0.00% 0.27% 0.27% -0.03% 0.27% NO MAX 1118 Round Rock 826 855 10.38% 5.02% 15.40% 0.13% 15.53% 10.87% 4.68% 15.55% 0.13% 15.68% 0.15% 15.68% NO MAX 1119 Rowlett 354 357 9.33% 3.09% 12.42% 0.00% 12.42% 9.59% 3.41% 13.00% 0.00% 13.00% 0.58% 12.92% NO MAX 1120 Royse City 55 56 10,01% 2,51% 12.52% 0.16% 12.68% 10.73% 2.70% 13.43% 0.16% 13.59% 0.91% 12.92% 13.50% 1122 Rule 4 3 4.33% 3.67% 8.00% 0.17% 8.17% 4.16% 4.72% 8.88% 0.13% 9.01% 0.84% 8.63% 11.50% 1123 Runaway Bay 14 14 3.59% -1.39% 2.20% 0.33% 2.53% 3.64% -1.31% 2.33% 0.26% 2.59% 0.06% 2.59% 9.50% 1124 Runge 6 5 4.85% 10.11% 14.96% 0.53% 15.49% 5.11% 13.20% 18.31% 0.50% 18.81% 3.32% 18.13% NO MAX 1126 Rusk 37 40 5.83% -0.14% 5.69% 0.14% 5.83% 6.49% 0.17% 6,66% 0.15% 6.81% 0.98% 6.81% 10.50% 1128 Sabinal 16 17 2.99% -0.31% 2.68% 0.34% 3.02% 3.16% -0.03% 3.13% 0.28% 3.41% 0.39% 3.41% 9.50% 1129 Sachse 130 136 10.40% 3.02% 13.42% 0.15% 13.57% 11.03% 3.02% 14.05% 0.13% 14.18% 0.61% 14.18% 13.50% 1131 Saginaw 139 144 9.79% 8.06% 17.85% 0.15% 18.00% 9.73% 7.82% 17.55% 0.16% 17.71% -0.29% 17.71% NO MAX 1130 Saint Jo 8 9 5.70% -0.15% 5.55% 0.23% 5.78% 6.01% -0.38% 5.63% 0.19% 5.82% 0.04% 5.38% 10.50% 1133 Salado 13 14 6.74% 0.24% 6.98% 0.20% 7.18% 7.08% 0.25% 7.33% 0.20% 7.53% 0.35% 7.30% NO MAX 1132 San Angelo 665 717 8.07% 9.02% 17.09% 0.00% 17.09% 8.55% 9.13% 17.68% 0.00% 17.68% 0.59% 17.59% NO MAX 21136 San Antonio 6,266 6,557 6.21% 4.26% 10.47% 0.00% 10.47% 6.87% 4.48% 11.35% 0.00% 11.35% 0.88% 10.97% NO MAX 11136 San Antonio Water System 1,648 1,666 1.99% 1.70% 3.69% 0.00% 3.69% 2.09% 1.58% 3.67% 0.00% 3.67% -0.02% 3.67% 5.50% 1138 San Augustine 27 28 7.23% 2.96% 10.19% 0.22% 10.41% 8.01% 3.01% 11.02% 0.26% 11.28% 0.87% 10.95% 13.50% 1140 San Benito 168 157 3.34% 1.56% 4.90% 0.19% 5.09% 3.73% 1.90% 5,63% 0.20% 5.83% 0.74% 5.60% 11.50% 1144 San Felipe 4 5 1.27% 2,30% 3.57% 0.15% 3.72% 1.60% 2.40% 4.00% 0.14% 4.14% 0.42% 4.14% NO MAX 1148 San Juan 210 209 2.22% -0.46% 1.76% 0.14% 1.90% 2.73% -0.09% 2.64% 0.15% 2.79% 0.89% 2.55% 10.50% 1150 San Marcos 555 593 9.71% 7.78% 17.49% 0.16% 17.65% 10.26% 7.24% 17.50% 0.16% 17.66% 0.01% 17.66% NO MAX 1152 San Saba 48 47 5.37% 2.68% 8.05% 0.21% 8.26% 6.02% 2.52% 8.54% 0.19% 8.73% 0.47% 8.73% 10.50% 1146 Sanger 64 65 5.35% 1.78% 7.13% 0.13% 7.26% 6,14% 1.73% 7,87% 0.14% 8.01% 0.75% 7.77% 12.50% 1153 Sansom Park 35 38 6.61% -0.43% 6.18% 0.13% 6.31% 6.81% -0.14% 6.67% 0.13% 6.80% 0.49% 5.47% 11.50% 1155 Santa Fe 66 61 6.73% 5.58% 12.31% 0.00% 12.31% 6.91% 5.16% 12.07% 0.00% 12.07% -0.24% 12.07% NO MAX 1158 Savoy 5 4 4.11% -3.28% 0.83% 0.21% 1.04% 3.57% -3.57% 0.00% 0.12% 0.12% -0.92% 0.12% 10.50% 1159 Schertz 302 312 10.41% 5.53% 15.94% 0.12% 16.06% 10.33% 5.54% 15.87% 0.13% 16.00% -0.06% 16.00% NO MAX 1160 Schulenburg 36 35 9.83% 11.49% 21.32% 0,23% 21.55% 10.01% 12,55% 22,56% 0.25% 22.81% 1.26% 22.69% NO MAX 1161 Seabrook 86 88 8.66% 5.06% 13.72% 0.17% 13.89% 9.46% 5.91% 15.37% 0.17% 15.54% 1.65% 14.75% NO MAX 1162 Seadrift 9 10 1.02% 2.92% 3.94% 0.16% 4.10% 1.36% 3.25% 4.61% 0.16% 4.77% 0.67% 4.60% NO MAX 1164 Seagoville 92 91 7.36% 2.17% 9.53% 0.17% 9.70% 7.90% 2.73% 10.63% 0.18% 10.81% 1.11% 10.21% 13.50% 1166 Seagraves 18 18 6.95% 3.14% 10.09% 0.36% 10.45% 7.43% 2.33% 9.76% 0.36% 10.12% -0.33% 10.12% NO MAXI 1 1167 1 Sealy 52 54 9.55% 5.48% 15.03% 0.19% 15.22%1 10.19% 4.88% 15,07% 0.16% 15.23%1 0.01%1 15.23%1 NO MAX Page 21 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 22 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 1168 Seguin 334 348 7.67% 7.68% 15.35% 0.19% 15.54% 8.16% 7.88% 16.04% 0.18% 16.22% 0.68% 16.03% NO MAX 1169 Selma 84 84 11.58% 3.46% 15.04% 0.13% 15.17% 11.12% 3.54% 14.66% 0.12% 14.78% -0.39% 14.78% NO MAX 1170 Seminole 55 59 7.63% 5.90% 13.53% 0.24% 13.77% 8.64% 4.17% 12.81% 0.24% 13.05% -0.72% 13.05% NO MAX 1171 Seven Points 18 20 7.66% - 1.90% 5.76% 0.16% 5.92% 8,11% - 2.30% 5,81% 0.12% 5.93% 0.01% 4.54% 13.50% 1172 Seymour 30 32 3.14% 4.22% 7.36% 0.35% 7.71% 3.56% 4.42% 7.98% 0.29% 8.27% 0.56% 8.27% 8.50% 1165 Shady Shores 2 2 1.80% -0.70% 1.10% 0.06% 1.16% 2.14% -0.07% 2.07% 0.06% 2.13% 0.97% 2.13% NO MAX 1177 Shallowater 15 15 3.24% -0.40% 2.84% 0.19% 3.03% 3.69% -0.24% 3.45% 0.19% 3.64% 0.61% 3.53% 9.50% 1174 Shamrock 23 27 2.95% 5.11% 8.06% 0.48% 8.54% 3.14% 4.00% 7.14% 0.43% 7.57 % -0.97% 7.57% NO MAX 1173 Shavano Park 48 46 11.38% 2,01% 13.39% 0.13% 13.52% 11.48% 2.13% 13.61% 0.12% 13.73% 0.21% 12.34% 13.50% 1175 Shenandoah 48 51 11.51% 5.93% 17.44% 0.14% 17.58% 11.76% 6.00% 17.76% 0.13% 17.89% 0.31% 16.95% NO MAX 1181 Shepherd 9 10 4.78% - 2.46% 2.32% 0.17% 2.49% 5.14% -2.56% 2.58% 0.14% 2.72% 0.23% 2.72% 11.50% 1176 Sherman 387 397 8.30% 4.99% 13.29% 0.20% 13.49% 8.76% 5.40% 14.16% 0.20% 14.36% 0.87% 13.99% NO MAX 1178 Shiner 28 28 3.23% 199% 7.22% 0.32% 7.54% 337% 4.03% 7.40% 0.35% 7.75% 0.21% 7.75% NO MAX 1179 Shoreacres 14 13 5.50% - 0.30% 5.20% 0.18% 5.38% 6.08% - 0.43% 5.65% 0.19% 5.84% 0.46% 5.84% 9.50% 1180 Silsbee 60 60 8.74% 8.64% 17.38% 0.00% 17.38% 9.45% 8.84% 18.29% 0.00% 18.29% 0.91% 18.27% NO MAX 1182 Silverton 3 3 4.86% -3.65% 1.21% 0.29% 1.50% 5.61% -2.66% 2.95% 0.18% 3.13% 1.63% 3.08% NO MAX 1184 Sinton 59 62 7.45% 4.95% 12.40% 0.21% 12.61% 8.14% 4.49% 12.63% 0.20% 12.83% 0.22% 12.83% NO MAX 1185 Skellytown 5 5 3.43% -2.67% 0.76% 0.16% 0.92% 3.72% -2.06% 1.66% 0.14% 1.80% 0.88% 1.66% 9.50% 1186 Slaton 47 49 5.85% 0.16% 6.01% 0.32% 6.33% 6.58% 0.03% 6.61% 0.27% 6.88% 0.55% 6.78% 12.50% 1188 Smithville 61 59 4.39% 1.56% 5.95% 0.23% 6.18% 4.86% 1.66% 6.52% 0.22% 6.74% 0.56% 6.73% 9.50% 1189 Smyer 2 3 4.78% 3.22% 8.00% 0.15% 8.15% 6.06% 4.32% 10.38% 0.13% 10.51% 2.36% 9.16% 13.50% 1190 Snyder 85 90 9.29% 6.82% 16.11% 0.23% 16.34% 9.91% 5.86% 15.77% 0.20% 15.97% -0.37% 15.97% NO MAX 1191 Somerset 7 11 2.57% 0.33% 2.90% 0.34% 3.24% 3,01% 0.22% 3.23% 0.22% 3.45% 0.21% 3.45% 9.50% 1192 Somerville 17 15 5.16% 0.24% 5.40% 0.26% 5.66% 5.36% 0.04% 5.40% 0.31% 5.71% 0.05% 5.71% 9.50% 1194 Sonora 33 34 6.85% 2.01% 8.86% 0.23% 9.09% 6.92% 2.04% 8.96% 0.27% 9.23% 0.14% 9.23% NO MAX 1196 Sour Lake 13 14 5.07% -1.30% 3.77% 0.29% 4.06% 6.76% -1.01% 5.75% 0.33% 6.08% 2.02% 5.53% 13.50% 1198 South Houston 108 118 6.06% 4.88% 10.94% 0.23% 11.17% 6.37% 4.77% 11.14% 0.22% 11.36% 0.19% 11.36% NO MAX 1199 South Padre Island 163 166 10.83% 1.63% 12.46% 0.17% 12.63% 10.87% 1.62% 12.49% 0.17% 12.66% 0.03% 12.66% 13.50% 1197 Southlake 315 320 9.02% 2.48% 11.50% 0.12% 11.62% 9.46% 2.68% 12.14% 0.13% 12.27% 0.65% 12.13% 13.50% 1200 Southmayd N/A 6 1.74% 3.15% 4.89% 0.30% 5.19% 2.15% 5.89% 8.04% 0.32% 8.36% 3.17% 8.34% NO MAX 1202 Southside Place 20 22 7.90% 2.72% 10.62% 0.19% 10.81% 8.41% 3.28% 11.69% 0.20% 11.89% 1.08% 11.61% NO MAX 1204 Spearman 23 25 8.54% 4.06% 12.60% 0.22% 12.82% 8.95% 3.55% 12.50% 0.28% 12.78% -0.04% 12.74% 13.50% 1205 Spring Valley Village 37 37 5.69% 0.38% 6.07% 0.22% 6.29%1 6.49% 1.01% 7.50% 0.24% 7.74%1 1.45%1 6.91%1 NO MAX Page 22 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 23 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 1203 Springtown 42 39 9.84% 0.13% 9.97% 0.17% 10.14% 10.21% -0.46% 9.75% 0.19% 9.94% -0.20% 9.94% 13.50% 1206 Spur 10 11 2.48% 2.65% 5.13% 0.18% 5.31% 2.68% 3.37% 6.05% 0.20% 6.25% 0.94% 5.87% NO MAX 1207 Stafford 137 145 10.48% 4.03% 14.51% 0.20% 14.71% 11.07% 3.97% 15.04% 0.19% 15.23% 0.52% 15.21% NO MAX 1208 Stamford 25 23 5.30% - 0.29% 5.01% 0.38% 5.39% 5.89% - 0.53% 5.36% 0.47% 5.83% 0.44% 5.83% 9.50% 1210 Stanton 17 18 4.49% 3.08% 7.57% 0.25% 7.82% 4.71% 3.43% 8.14% 0.23% 8.37% 0.55% 8.37% 9.50% 1211 Star Harbor 6 6 7.69% 1.58% 9.27% 0.31% 9.58% 7.88% 1.63% 9.51% 0.30% 9.81% 0.23% 9.81% NO MAX 1212 Stephenville 142 140 8.92% 5.27% 14.19% 0.20% 14.39% 9.27% 5.02% 14.29% 0.19% 14.48% 0.09% 14.48% NO MAX 1213 Sterling City 5 6 1.03% -0.64% 0.39% 0.00% 0.39% 1.44% -0.02% 1.42% 0.00% 1.42% 1.03% 1.14% 7.50% 1214 Stinnett 13 16 2.58% - 2.58% 0.00% 0.25% 0.25% 2.83% -2.83% 0.00% 0.17% 0.17% -0.08% 0.17% 9.50% 1216 Stockdale 7 8 1.77% 2.32% 4.09% 0.50% 4.59% 2.00% 2.40% 4.40% 0.43% 4.83% 0.24% 4.83% NO MAX 1218 Stratford 12 13 5.55% 1.75% 7.30% 0.20% 7.50% 5.46% 0.89% 6.35% 0.19% 6.54% -0.96% 6.54% NO MAX 1224 Sudan 7 8 0.79% 2.44% 3.23% 0.00% 3.23% 1.24% 2.77% 4.01% 0.00% 4.01% 0.78% 3.73% 7.50% 1225 Sugar Land 655 678 10.92% 379% 14.71% 0.14% 14.85% 11.12% 3.73% 14.85% 0.14% 14.99% 0.14% 14.99% NO MAX 1226 Sulphur Springs 139 150 4.49% 1.26% 5.75% 0.20% 5.95% 5.19% 1.74% 6.93% 0.21% 7.14% 1.19% 6.46% NO MAX 1228 Sundown 15 15 6.56% 3.45% 10.01% 0.25% 10.26% 7.28% 3.51% 10.79% 0.24% 11.03% 0.77% 10.75% NO MAX 1229 Sunnyvale 31 36 9.46% 2.73% 12.19% 0.16% 12.35% 9.56% 2.40% 11.96% 0.14% 12.10% -0.25% 12.10% NO MAX 1230 Sunray 13 11 9.07% 9.86% 18.93% 0.29% 19.22% 10.09% 9.43% 19.52% 0.30% 19.82% 0.60% 19.82% NO MAX 1227 Sunrise Beach Village 10 12 1.29% -0.31% 0.98% 0.15% 1.13% 1.66% -0.12% 1.54% 0.16% 1.70% 0.57% 1.70% 7.50% 1231 Sunset Valley 28 29 9.15% 2.05% 11.20% 0.11% 11.31% 9.76% 2.47% 12.23% 0.11% 12.34% 1.03% 11.77% 13.50% 1233 Surfside Beach 21 20 1.67% -1.01% 0.66% 0.19% 0.85% 1.78% - 0.94% 0.84% 0.20% 1.04% 0.19% 1.04% 7.50% 1232 Sweeny 19 23 9.03% 8.23% 17.26% 0.29% 17.55% 9.45% 8.39% 17.84% 0.29% 18.13% 0.58% 18.13% NO MAX 1234 Sweetwater 106 104 8.71% 9.44% 18.15% 0.27% 18.42% 9.22% 8.56% 17.78% 0.26% 18.04% -0.38% 18.04% NO MAX 1264 TMRS 88 98 10.99% 5.76% 16.75% 0.16% 16.91% 11.34% 5.22% 16.56% 0.16% 16.72% -0.19% 16.72% NO MAX 1236 Taft 29 31 8.67% 3.28% 11.95% 0.28% 12.23% 9.62% 4.85% 14.47% 0.29% 14.76% 2.53% 13.74% 13.50% 1238 Tahoka 17 19 3.35% - 3.35% 0.00% 0.24% 0.24% 3.96% - 3.56% 0.40% 0.25% 0.65% 0.41% 0.65% 11.50% 1241 Tatum 12 12 1.39% 0.70% 2.09% 0.26% 2.35% 1.51% 0.61% 2.12% 0.14% 2.26% -0.09% 2.26% 7.50% 1246 Taylor 135 137 7.21% 4.99% 12.20% 0.23% 12.43% 7.35% 4.55% 11.90% 0.20% 12.10 % -0.33% 12.10% NO MAX 1248 Teague 23 22 9.78% 2.28% 12.06% 0.42% 12.48% 10.04% 2.06% 12.10% 0.39% 12.49% 0.01% 12.49% 13.50% 1252 Temple 638 666 9.48% 6.37% 15.85% 0.20% 16.05% 10.18% 6.18% 16.36% 0.20% 16.56% 0.51% 16.56% NO MAX 1254 Tenaha 10 9 1.15% -0.64% 0.51% 0.10% 0.61% 1.55% -1.08% 0.47% 0.15% 0.62% 0.01% 0.62% 7.50% 1256 Terrell 165 168 10.38% 6.77% 17.15% 0.20% 17.35% 10.67% 5.68% 16.35% 0.19% 16.54% -0.81% 16.54% NO MAX 1258 Terrell Hills 49 44 8.25% 4.41% 12.66% 0.14% 12.80% 836% 3.36% 11.72% 0.20% 11.92% -0.88% 11.92% NO MAX 31263 Tex Municipal League IEBP 126 128 3.74% 0.33% 4.07% 0.22% 4.29%1 4.37% 1.03% 5.40% 0.21% 5.61%1 1.32%1 4.84%1 12.50% Page 23 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 24 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 21263 Tex Municipal League IRP 234 238 9.98% 0.35% 10.33% 0.20% 10.53% 10.45% 0.93% 11.38% 0.21% 11.59% 1.06% 11.20% NO MAX 21260 Texarkana 212 214 9.50% 5.98% 15.48% 0.00% 15.48% 9.86% 5.96% 15.82% 0.00% 15.82% 0.34% 15.82% NO MAX 11260 Texarkana Police Dept 88 87 10.46% 6.30% 16.76% 0.00% 16.76% 10.41% 5.71% 16.12% 0.00% 16.12% -0.64% 16.12% NO MAX 31260 Texarkana Water Utilities 159 151 8.53% 7.30% 15.83% 0.00% 15.83% 9.37% 6.83% 16.20% 0.00% 16.20% 0.37% 16.20% NO MAX 1262 Texas City 410 411 8.76% 7.91% 16.67% 0.00% 16.67% 9.54% 7.30% 16.84% 0.00% 16.84% 0.17% 16.84% NO MAX 11263 Texas Municipal League 30 31 7.34% 8.29% 15.63% 0.17% 15.80% 7.31% 8.84% 16.15% 0.16% 16.31% 0.51% 16.29% NO MAX 1265 Texhoma 1 1 1.58% -1.58% 0.00% 0.63% 0.63% 1.89% -1.89% 0.00% 0.70% 0.70% 0.07% 0.70% 7.50% 1267 The Colony 284 300 9.24% 2.82% 12.06% 0.16% 12.22% 9.71% 3.36% 13.07% 0.14% 13.21% 0.99% 12.94% NO MAX 1269 Thompsons 3 3 1.74% 1.10% 2.84% 0.23% 3.07% 2.04% 1.94% 3.98% 0.21% 4.19% 1.12% 3.69% NO MAX 1268 Thorndale 8 9 5.61% 0.09% 5.70% 0.27% 5.97% 6.46% 0.53% 6.99% 0.34% 7.33% 1.36% 7.00% 9.50% 1272 Thrall 5 5 3.04% 4.29% 7.33% 0.32% 7.65% 3.45% 4.62% 8.07% 0.33% 8.40% 0.75% 8.30% NO MAX 1274 Three Rivers 45 47 2.73% 2.41% 5.14% 0.24% 5.38% 3.00% 2.42% 5.42% 0.23% 5.65% 0.27% 5.65% 7.50% 1276 Throckmorton 5 5 5.53% 1.01% 6.54% 0.16% 6.70% 5.49% 0.84% 6.33% 0.16% 6.49% -0.21% 6.49% 9.50% 1277 Tiki Island 6 8 1.87% 0.75% 2.62% 0.34% 2.96% 2.07% 1.49% 3.56% 0.14% 3.70% 0.74% 3.34% NO MAX 1278 Timpson 12 11 2.12% 0.10% 2.22% 0.13% 2.35% 2.46% 0.15% 2.61% 0.12% 2.73% 0.38% 2.73% 7.50% 1280 Tioga 7 8 1.34% -0.84% 0.50% 0.14% 0.64% 1.59% -0.82% 0.77% 0.13% 0.90% 0.26% 0.90% 7.50% 1283 Tolar 5 5 7.11% 0.26% 7.37% 0.17% 7.54% 7.62% 1.50% 9.12% 0.16% 9.28% 1.74% 8.26% NO MAX 1286 Tom Bean 8 8 1.82% 0.18% 2.00% 0.21% 2.21% 2.11% -1.03% 1.08% 0.22% 1.30% -0,91% 1.30% 7.50% 1284 Tomball 153 156 9.78% 3.52% 13.30% 0.19% 13.49% 10.05% 3.54% 13.59% 0.18% 13.77% 0.28% 13.77% NO MAX 1290 Trent 2 2 4.83% 2.04% 6.87% 0.46% 7.33% 5.39% 3.80% 9.19% 0.40% 9.59% 2.26% 8.22% 11.50% 1292 Trenton 5 4 4.32% - 0.58% 3.74% 0.30% 4.04% 5.00% -0.18% 4.82% 0.39% 5.21% 1.17% 4.88% 9.50% 1293 Trinidad 7 5 1.31% 2.41% 3.72% 0.36% 4.08% 1.84% 3.40% 5.24% 0.41% 5.65% 1.57% 4.95% 7.50% 1294 Trinity 28 29 5.92% 1.33% 7.25% 0.25% 7.50% 6.56% 1.34% 7.90% 0.26% 8.16% 0.66% 8.07% 11.50% 1295 Trophy Club 72 71 9.54% 3.09% 12.63% 0.12% 12.75% 9.91% 3.22% 13.13% 0.13% 13.26% 0.51% 13.26% NO MAX 1296 Troup 21 21 4.69% 0.97% 5.66% 0.23% 5.89% 4.64% 1.20% 5.84% 0.25% 6.09% 0.20% 5.78% 9.50% 1297 Troy 10 12 8.63% 2.84% 11.47% 0.41% 11.88% 9.82% 2.74% 12.56% 0.43% 12.99% 1.11% 12.41% 13.50% 1298 Tulia 35 40 7.74% 3.88% 11.62% 0.26% 11.88% 8.24% 3.67% 11.91% 0.28% 12.19% 0.31% 12.19% NO MAX 1299 Turkey 3 4 2.00% 3.19% 5.19% 0.28% 5.47% 2.23% 2.66% 4.89% 0.24% 5.13 % -0.34% 5.13% NO MAX 1301 Tye 11 13 4.43% 2.13% 6.56% 0.18% 6.74% 5.37% 2.43% 7.80% 0.18% 7.98% 1.24% 7.66% NO MAX 1304 Tyler 652 670 8.43% 12.20% 20.63% 0.22% 20.85% 9.32% 11.43% 20.75% 0.21% 20.96% 0.11% 20.96% NO MAX 1305 Universal City 123 131 9.82% 8.63% 18.45% 0.19% 18.64% 10.42% 8.65% 19.07% 0.19% 19.26% 0.62% 19.20% NO MAX 1306 University Park 207 204 5.28% 0.27% 5.55% 0.00% 5.55% 6.11% 1.12% 7.23% 0.00% 7.23% 1.68% 6.12% NO MAX 1308 Uvalde 157 160 4.27% 1.69% 5.96% 0.18% 6.14%1 4.65% 1.52% 6.17% 0.18% 6.35%1 0.21%1 6.35%1 9.50% Page 24 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 25 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 1312 Valley Mills N/A 6 2.06% 1.56% 3.62% 0.18% 3.80% 2.07% 0.22% 2.29% 0.11% 2.40% - 1.40% 2.40% NO MAX 1313 Valley View 4 3 1.37% 0.97% 2.34% 0.13% 2.47% 1.11% 1.31% 2.42% 0.05% 2.47% 0.00% 2.47% NO MAX 1314 Van 23 18 7.07% 0.50% 7.57% 0.22% 7.79% 7.37% 0.46% 7.83% 0.22% 8.05% 0.26% 8.05% 12.50% 1316 Van Alstyne 32 31 7.96% 2.54% 10.50% 0.11% 10.61% 7.81% 2.67% 10.48% 0.12% 10.60% -0,01% 10.23% 12.50% 1318 Van Horn 23 24 4.28% 3.37% 7.65% 0.17% 7.82% 4.68% 3.72% 8.40% 0.17% 8.57% 0.75% 8.54% 9.50% 1320 Vega 6 6 10.08% 11.19% 21.27% 0.18% 21.45% 11.81% 11.28% 23.09% 0.20% 23.29% 1.84% 22.85% NO MAX 1324 Venus 14 19 9.57% 1.48% 11.05% 0.00% 11.05% 9.95% 0.40% 10.35% 0.00% 10.35% - 0.70% 10.35% 13.50% 1326 Vernon 98 89 6.47% 5.22% 11.69% 0.26% 11.95% 7.31% 6.00% 13,31% 0.31% 13.62% 1.67% 12.50% NO MAX 1328 Victoria 569 587 7.22% 9.46% 16.68% 0.18% 16.86% 7.71% 8.78% 16.49% 0.17% 16.66% - 0.20% 16.66% NO MAX 1329 Vidor 70 70 8.98% 6.57% 15.55% 0.19% 15.74% 9.46% 6.56% 16.02% 0.19% 16.21% 0.47% 16.21% NO MAX 1500 Village Fire Department 46 47 3.02% 3.68% 6.70% 0.13% 6.83% 3.67% 4.67% 8.34% 0.13% 8.47% 1.64% 7.52% NO MAX 1330 Waco 1,513 1,484 6.85% 6.11% 12.96% 0.00% 12.96% 7.54% 6.42% 13.96% 0.00% 13.96% 1.00% 13.46% NO MAX 1332 Waelder 15 13 1.78% 0.07% 1.85% 0.23% 2.08% 2.17% 0.35% 2.52% 0.29% 2.81% 0.73% 2.69% 7.50% 1334 Wake Village 28 26 9.63% 3.77% 13.40% 0.32% 13.72% 10.24% 3.96% 14.20% 0.36% 14.56% 0.84% 13.58% 13.50% 1336 Waller 28 29 3.90% 0.02% 3.92% 0.31% 4.23% 4.46% 0.03% 4.49% 0.31% 4.80% 0.57% 4.73% 9.50% 1337 Wallis 9 10 2.66% -0.31% 2.35% 0.19% 2.54% 3.11% -0.31% 2.80% 0.20% 3.00% 0.46% 3.00% 8.50% 1338 Walnut Springs 2 2 1.58% 0.43% 2.01% 0.29% 2.30% 1.76% 1.26% 3.02% 0.14% 3.16% 0.86% 2.65% NO MAX 1340 Waskom 16 15 3.14% 3.26% 6.40% 0.17% 6.57% 3.31% 3.70% 7,01% 0.19% 7.20% 0.63% 7.20% 7.50% 1341 Watauga 169 173 8.92% 4.24% 13.16% 0.16% 13.32% 9.64% 4.09% 13.73% 0.17% 13.90% 0.58% 13.83% 13.50% 1342 Waxahachie 221 231 9.05% 5.78% 14.83% 0.18% 15.01% 9.83% 5.52% 15.35% 0.18% 15.53% 0.52% 15.51% NO MAX 1344 Weatherford 345 357 8.97% 3.88% 12.85% 0.18% 13.03% 9.42% 3.94% 13.36% 0.17% 13.53% 0.50% 13.52% NO MAX 1345 Webster 170 170 11.75% 5.22% 16.97% 0.19% 17.16% 11.85% 5.27% 17.12% 0.19% 17.31% 0.15% 17.31% NO MAX 1346 Weimar 26 24 8.26% 9.10% 17.36% 0.39% 17.75% 9.30% 10.49% 19.79% 0.36% 20.15% 2.40% 18.94% NO MAX 1350 Wellington 13 12 4.90% - 2.14% 2.76% 0.49% 3.25% 5.02% -1.11% 3.91% 0.47% 4.38% 1.13% 3.73% NO MAX 1352 Wells 2 2 3.47% 0.26% 3.73% 0.00% 3.73% 3.79% - 0.06% 3.73% 0.00% 3.73% 0.00% 3.73% 7.50% 1354 Weslaco 207 209 4.40% 1.65% 6.05% 0.17% 6.22% 5.35% 2.36% 7.71% 0.18% 7.89% 1.67% 6.96% NO MAX 1356 West 20 20 3.38% - 1.23% 2.15% 0.26% 2.41% 3.47% -1.31% 2.16% 0.24% 2.40% -0.01% 2.40% 9.50% 1358 West Columbia 33 35 5.02% - 2.58% 2.44% 0.00% 2.44% 538% - 2.29% 3.09% 0.00% 3.09% 0.65% 2.94% 11.50% 1359 West Lake Hills 29 30 11.94% 4.53% 16.47% 0.28% 16.75% 12.88% 4.08% 16.96% 0.22% 17.18% 0.43% 16.98% NO MAX 1361 West Orange 23 23 9.61% 10.61% 20.22% 0.00% 20.22% 10.20% 10.13% 20.33% 0.00% 20.33% 0.11% 20.33% NO MAX 1365 West Tawakoni 13 13 5.01% 5.53% 10.54% 0.30% 10.84% 5.43% 6.18% 11.61% 0.29% 11.90% 1.06% 11.33% NO MAX 1364 West Univ. Place 108 115 9.16% 3.67% 12.83% 0.18% 13.01% 9.22% 4.33% 13.55% 0.19% 13.74% 0.73% 13.08% NOM 1363 Westlake 30 32 9.14% 2.24% 11.38% 0.15% 11.53% 9.64% 2.41% 12.05% 0.17% 12.22% 0.69% 11.54% NO MAX Page 25 of 26 SECTION 2 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION RESULTS AS OF DECEMBER 31, 2015 Page 26 of 26 Contributing Members 2016 RATES WITHOUT MAXIMUM OR PHASE -IN 2017 RATES WITHOUT MAXIMUM OR PHASE -IN GRAND GRAND TOTAL MAX RATE RETIREMENT PLAN RETIREMENT PLAN CITY LAST THIS NORMAL PRIOR SUPPL GRAND NORMAL PRIOR SUPPL GRAND TOTAL WITH (RET NUMBER CITY NAME YEAR YEAR COST SERVICE TOTAL DEATH TOTAL COST SERVICE TOTAL DEATH TOTAL CHANGE PHASE -IN ONLY 1362 Westover Hills 21 21 1.17% 0.08% 1.25% 0.26% 1.51% 1.51% 0.33% 1.84% 0.27% 2.11% 0.60% 2.10% 7.50% 1366 Westworth Village 55 51 9.35% 1.57% 10.92% 0.18% 11.10% 9.91% 1.41% 11.32% 0.19% 11.51% 0.41% 10.06% 13.50% 1368 Wharton 95 96 4.67% 1.38% 6.05% 0.20% 6.25% 4.82% 1.35% 6.17% 0.22% 6.39% 0.14% 6.39% 9.50% 1370 Wheeler 7 8 6.71% 1.72% 8.43% 0.25% 8.68% 6.52% 0.78% 7.30% 0.09% 7.39 % -1.29% 7.39% NO MAX 1372 White Deer 6 5 3.18% 3.91% 7.09% 0.46% 7.55% 3.62% 4.10% 7.72% 0.53% 8.25% 0.70% 8.25% 7.50% 1377 White Oak 45 44 11.45% 3.63% 15.08% 0.18% 15.26% 11.70% 3.64% 15.34% 0.19% 15.53% 0.27% 15.53% NO MAX 1378 White Settlement 117 109 6.64% 3.88% 10.52% 0.23% 10.75% 6.91% 3.65% 10.56% 0.21% 10.77% 0.02% 10.77% 11.50% 1374 Whiteface 3 3 5.70% - 148% 2.22% 0.37% 2.59% 5.48% - 3.56% 1.92% 0.32% 2.24% -0.35% 2.24% NO MAX 1375 Whitehouse 37 36 4.53% 0.58% 5.11% 0.16% 5.27% 4.70% 0.75% 5.45% 0.20% 5.65% 0.38% 5.65% 9.50% 1376 Whitesboro 47 49 4.64% 2.26% 6.90% 0.21% 7.11% 5.00% 2.29% 7.29% 0.21% 7.50% 0.39% 7.50% 9.50% 1380 Whitewright 20 21 4.20% 0.15% 4.35% 0.16% 4.51% 4.63% 0.52% 5.15% 0.13% 5.28% 0.77% 5.12% 9.50% 1382 Whitney 18 18 3.31% 0.77% 4.08% 0.15% 4.23% 3.45% 0.81% 4.26% 0.18% 4.44% 0.21% 4.44% 7.50% 1384 Wichita Falls 1,005 1,027 4.87% 7.05% 11.92% 0.00% 11.92% 5.51% 7.03% 12.54% 0.00% 12.54% 0.62% 12.42% NO MAX 1386 Willis 41 40 7.34% 1.82% 9.16% 0.14% 9.30% 8.03% 1.97% 10.00% 0.16% 10.16% 0.86% 9.82% 13.50% 1387 Willow Park 42 43 5.83% 0.77% 6.60% 0.11% 6.71% 6.46% 0.70% 7.16% 0.12% 7.28% 0.57% 7.22% NO MAX 1388 Wills Point 28 27 6.02% 4.90% 10.92% 0.20% 11.12% 6.31% 6.00% 12.31% 0.20% 12.51% 1.39% 12.14% NO MAX 1390 Wilmer 38 38 3.11% -1.19% 1.92% 0.11% 2.03% 3.87% -0.73% 3.14% 0.16% 3.30% 1.27% 2.84% 11.50% 1392 Wimberley 8 7 1.96% 0.15% 2.11% 0.24% 2.35% 2.12% 0.42% 2.54% 0.27% 2.81% 0.46% 2.81% NO MAX 1393 Windcrest 59 56 6.20% 1.05% 7.25% 0.19% 7.44% 6.83% 0.94% 7.77% 0.20% 7.97% 0.53% 7.95% 10.50% 1395 Winfield 6 5 1.52% 0.27% 1.79% 0.11% 1.90% 1.87% 0.85% 2.72% 0.12% 2.84% 0.94% 2.77% NO MAX 1396 Wink 8 8 6.32% -0.90% 5.42% 0.27% 5.69% 7.10% -0.12% 6.98% 0.24% 7.22% 1.53% 6.67% NO MAX 1398 Winnsboro 36 37 6.40% 148% 9.88% 0.25% 10.13% 6.86% 3.32% 10.18% 0.25% 10.43% 0.30% 10.43% 11.50% 1399 Winona 4 5 10.02% -2.67% 7.35% 0.16% 7.51% 11.59% -6.15% 5.44% 0.14% 5.58 % -1.93% 5.58% 13.50% 1400 Winters 16 14 6.53% 2.65% 9.18% 0.33% 9.51% 7,51% 2.81% 10.32% 0.39% 10.71% 1.20% 10.36% 11.50% 1403 Wolfforth 25 25 6.47% 4.58% 11.05% 0.15% 11.20% 7.00% 4.76% 11.76% 0.17% 11.93% 0.73% 11.93% 11.500 1409 Woodcreek 3 3 3.05% - 0.13% 2.92% 0.28% 3.20% 3.06% -0.29% 2.77% 0.15% 2.92% -0.28% 2.92% NO MAX 1404 Woodsboro 10 12 3.21% -3.21% 0.00% 0.10% 0.10% 3.51% -3.19% 0.32% 0.10% 0.42% 0.32% 0.42% 7.50% 1406 Woodville 31 33 8.49% 7.13% 15.62% 0.21% 15.83% 9.44% 7.15% 16.59% 0.21% 16.80% 0.97% 16.33% NO MAX 1407 Woodway 76 80 8.48% 7.20% 15.68% 0.15% 15.83% 9.31% 7.27% 16.58% 0.17% 16.75% 0.92% 16.62% NO MAX 1408 Wortham 8 8 6.01% - 1.39% 4.62% 0.10% 4.72% 6.93% - 0.93% 6.00% 0.12% 6.12% 1.40% 5.56% 12.50% 1410 Wylie 255 272 10.56% 4.19% 14.75% 0.12% 14.87% 10.86% 4.11% 14.97% 0.11% 15.08% 0.21% 15.08% NO MAX 1412 Yoakum 81 82 7.41% 7.67% 15.08% 0.26% 15.34% 8.09% 7.60% 15.69% 0.26% 15.95% 0.61% 15.87% NO MAX 1414 Yorktown 15 16 1.15% -0.45% 0.70% 0.35% 1.05% 1,41% 0,01% 1.42% 0.38% 1.80% 0.75% 1.65% 7.50% 1415 Zavalla 6 6 3.00% - 1.23% 1.77% 0.00% 1.77%1 3.58% - 0.49% 3.09% 0.00% 3.09%1 1.32%1 2.71%1 9.50% Page 26 of 26 SECTION 3 i '. 'i • i i '`� Texas Municipal Retirement System Section 3 Actuarial Valuation as of December 31, 2015 Section 3 Texas Municipal Retirement System Changes in Full Retirement Rate from Prior Actuarial Valuation Report The following Schedule provides detail of the reconciliation in the Full Rate for each participating employer from the prior valuation. Actuarial valuations are based on long term assumptions and actual results in a specific year can and almost certainly will differ, as actual experience deviates from the assumptions. The following is a brief explanation of the most common sources for deviation. Benefit Chanees - Shows the increase or decrease in the contribution rate associated with any modifications made to the member city's TMRS plan provisions. Assumption & Method Changes - Shows the increase or decrease in the contribution rate associated with actuarial assumption and method changes made, if any, as of the current valuation date and approved by the Board of Trustees. Return on Actuarial Value of Assets - Shows the change in the contribution rate associated with the return on the Actuarial Value of Assets (AVA) being different than the assumed 7.00% for the prior year. For the year ending December 31, 2015 the return on an AVA basis was 6.69 %, so most cities saw an increase in their contribution rate (some show 0.00% due to rounding). Contribution Lae /Phase In - Shows the total increase or decrease in the contribution rate associated with the phase in of city contribution rates and any additional contributions above the full rate that the city made to its plan. The effect of the "Contribution Lag" is included here, as well, and refers to the time delay between the actuarial valuation date and the date the contribution rate becomes effective. For TMRS member cities, the "Lag" is one year (i.e. the Actuarial Valuation as of December 31, 2015 . set the rate effective for Calendar Year 2017.) The Phase In amount reflects contributing a portion of the full rate increase due to changes in the December 31, 2013 valuation phased in at a rate of 0.50% per year. Payroll Growth - Shows the increase or decrease in the contribution rate associated with larger or lower than expected growth in the member city's overall payroll. The amortization payments are calculated assuming payroll grows at 3.0% per year. Overall payroll growth in excess of 3.0% will typically cause a decrease in the amortization. rate. Normal Cost - Shows the increase or decrease in the contribution rate associated with changes in the average Normal Cost Rate for the individual city's population. The normal cost rate for an employee is the contribution rate which, if applied to a member's compensation throughout their period of anticipated covered service with the municipality, would be sufficient to meet all benefits payable on their behalf. The normal cost rate for employer is the pay - weighted average of the individual normal cost rates and will generally increase (decrease) as the average entry age of the group increases (decreases). Liability Growth - Shows the increase or decrease in the contribution rate associated with larger or lower than expected growth in the member city's overall plan liabilities than assumed. The most significant sources for variance will be individual salary increases compared to the assumption and turnover. 2 Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Distribution of Changes Total Changes in Full Retirement Rate 3 Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Distribution of Changes Change Due to Assumption Changes 11 Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Distribution of Changes Change Due to Return on Actuarial Value of Assets 5 Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Distribution of Changes Change Due to Contributions Different than Actuarial Rate 6 Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Distribution of Changes Change Due to Payroll Growing Faster or Slower than Expected 7 Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Distribution of Changes Change Normal Cost Rate CCf� n Texas Municipal Retirement System Actuarial Valuation as of December 31, 2015 Distribution of Changes Change Due to Liability Experience CCf� w Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 4 Abernathy 3.17% 0.00% 0.44% 0.02% 0.00% 0.06% -0.56% 0.14% 0.10% 3.27% 6 Abilene 10.02% 0.00% 1.18% 0.08% -0.04% -0.04% 0.04% 0.02% 1.24% 11.26% 7 Addison 9.33% 0.00% 1.07% 0.10% -0.01% -0.01% -0.01% -0.20% 0.94% 10.27% 10 Alamo 7.27% 0.00% 0.10% 0.03% -0.03% - 0.03% 0.04% 0.01% 0.12% 7.39% 12 Alamo Heights 17.03% 0.00% 0.09% 0.05% -0.07% - 0.18% 0.11% -0.10% -0.10% 16.93% 14 Alba 2.45% 0.00% 0.90% 0.04% -0.03% 0.00% -0.23% -0.06% 0.62% 3.07% 16 Albany 4.41% 0.00% 0.59% 0.02% 0.02% 0.01% - 0.18% -0.18% 0.28% 4.69% 17 Aledo 7.03% 0.00% 0.89% 0.03% 0.03% 0.00% - 0.27% -0.08% 0.60% 7.63% 18 Alice 9.33% 0.00% 0.34% 0.05% -0.03% -0.02% 0.03% -0.24% 0.13% 9.46% 19 Allen 13,71% 0.00% 0.26% 0.06% -0.05% -0.12% 0.00% 0.08% 0.23% 13.94% 20 Alpine 0.37% 0.00% 1.02% 0.00% -0.03% 0.14% 0.00% -0.29% 0.84% 1.21% 22 Alto 9.10% 0.00% 0.99% 0.04% 0.18% -0.18% 0.09% 0.45% 1.57% 10.67% 23 Alton 12.39% 0.00% 0.73% 0.03% 0.14% -0.12% 0.14% 0.14% 1.06% 13.45% 24 Alvarado 4.46% 0.00% 0.88% 0.02% 0.00% -0.02% 0.05% -0.15% 0.78% 5.24% 26 Alvin 16.89% 0.00% 0.48% 0.07% 0.05% 0.39% 0.13% -0.21% 0.91% 17.80% 28 Alvord 5.74% 0.00% 1.14% 0.05% -0.12% -0.07% 0.00% 0.29% 1.29% 7.03% 30 Amarillo 10.96% 0.00% 1.20% 0.07% -0.01% 0.04% -0.02% 0.16% 1.44% 12.40% 32 Amherst 6.24% 0.00% 0.17% 0.03% -0.37% 0.08% 0.06% -2.86% -2.89% 3.35% 34 Anahuac 8.53% 0.00% 0.84% 0.05% 0.32% -0.40% - 1.72% -1.26% -2.17% 6.36% 36 Andrews 15.66% 0.00% 0.68% 0.09% -0.08% -0.35% - 0.10% -0.39% -0.15% 15.51% 38 Angleton 11.91% 0.00% 0.32% 0.05% -0.06% -0.07% - 0.12% -0.16% -0.04% 11.87% 40 Anna 14.24% 0.00% 0.06% 0.03% -0.07% -0.19% 0.56% -0.14% 0.25% 14.49% 41 Annetta 2.29% 0.00% 0.63% 0.01% -0.06% 0.15% 0.18% 0.31% 1.22% 3.51% 44 Anson 1.06% 0.00% 0.54% 0.03% -0.03% 0.00% -0.25% -0.12% 0.17% 1.23% 45 Anthony 2.76% 0.00% 0.46% 0.01% -0.01% - 0.03% - 0.06% -0.01% 0.36% 3.12% 48 Aransas Pass 10.87% 0.00% 0.31% 0.05% -0.09% -0.07% 0.22% -0.08% 0.34% 11.21% 50 Archer City 3.43% 0.00% 0.61% 0.02% 0.01% 0.00% 0.11% -0.01% 0.74% 4.17% 51 Argyle 14.99% 0.00% 0.44% 0.06% -0.08% - 0.20% -0.84% -0.17% -0.79% 14.20% 52 Arlington 14.93% 0.00% 0.94% 0.09% 0.00% 0.02% -0.02% -0.38% 0.65% 15.58% 54 Arp 1.45% 0.00% 0.80% 0.04% -0.03% 0.01% - 0.08% -0.07% 0.67% 2.12% 60 Aspermont 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 62 Athens 21.21% 0.00% 0.14% 0.06% 0.02% -0.06% - 0.01% -0.19% -0.04% 21.17% 64 Atlanta 4.10% 0.00% 0.25% 0.03% 0.00% 0.02% 0.02% -0.15% 0.17% 4.27% 66 Aubrey 2.02% 0.00% 1.05% 0.03% 0.05% 0.01% 0.12% 0.08% 1.34% 3.36% 74 Avinger 1.35% 0.00% 0.87% 0.06% -0.02% 0.02% 0.00% -0.09% 0.84% 2.19% 75 Azle 11.88% 0.00% 0.44% 0.05% 0.02% 0.03% - 0.10% -020% 0.24% 12.12% 77 Baird 0.00% 0.00% 0.48% 0.03% 0.00% 0.19% 0.00% 0.10% 0.80% 0.80% 78 Balch Springs 14.10% 0.00% 0.28% 0.05% -0.16% -0.19% -0.02% 0.34% 0.30% 14.40% 79 Balcones Heights 18.44% 0.00% 0.69% 0.08% -0.04% - 0.30% - 0.57% -0.23% -0.37% 18.07% 80 Ballinger 3.48% 0.00% 0.39% 0.04% -0.01% - 0.03% - 0.08% -0.02% 0.29% 3.77% 82 Balmorhea 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 83 Bandera 9.83% 0.00% 0.66% 0.07% -0.15% 0.05% - 0.48% -0.59% -0.44% 9.39% 84 Bangs 13.43% 0.00% 0.52% 0.06% -0.02% -0.06% - 0.26% -0.88% -0.64% 12.79% 90 Bartlett 7.15% 0.00% 0.74% 0.02% 0.15% -0.14% 0.28% -1.31% -0.26% 6.89% 91 Bartonville 12.50% 0.00% 1.58% 0.05% 0.31% 0.32% 0.24% 0.27% 2.77% 15.27% 92 Bastrop 10.87% 0.00% 0.83% 0.04% -0.01% -0.03% - 0.26% 0.13% 0.70% 11.57% 94 Bay City 9.63% 0.00% 0.47% 0.07% -0.10% -0.10% - 0.09% 0.08% 0.33% 9.96% 93 Bayou Vista 2,81% 0.00% 0.44% 0.02% -0.05% 0,21% 0.49% -0.04% 1.07% 3.88% 96 Baytown 17.40% 0.00% 0.40% 0.10% -0.16% -0.42% -0.08% 0.14% -0.02% 17.38% 98 Beaumont 19.17% 0.00% 0.56% 0.09% 0.06% 0.49% - 0.04% -0.63% 0.53% 19.70% 100 Bedford 8.02% 0.00% 0.96% 0.01% 0.01% -0.04% 0.01% -0.03% 0.92% 8.94% 101 Bee Cave 9.29% 0.00% 1.03% 0.03% -0.06% 0.01% -0.04% -0.20% 0.77% 10.06% 102 Beeville 0.25% 0.00% 0.86% 0.04% -0.02% 0.07% - 0.15% -0.01% 0.79% 1.04% 106 Bellaire 21.20% 0.00% 0.05% 0.10% -0.10% -0.22% - 0.17% 0.01% -0.33% 20.87% Page 1 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 109 Bellmead 9.00% 0.00% 0.79% 0.05% -0,01% -0.01% 0.04% -0.87% -0.01% 8.99% 110 Bells 0.02% 0.00% 0.23% 0.00% -0.02% 0.00% 0.00% 0.00% 0.21% 0.23% 112 Bellville 14.00% 0.00% 0.53% 0.05% -0.02% 0.04% 0.01% 0.15% 0.76% 14.76% 114 Belton 6.84% 0.00% 0.77% 0.04% -0.04% - 0.05% 0.03% -0.04% 0.71% 7.55% 118 Benbrook 17.35% 0.00% -0.07% 0.10% -0.04% - 0.16% 0.06% -0.30% -0.41% 16.94% 121 Berryville 1.66% 0.00% 0.70% 0.04% 0.00% 0.00% 0.13% 0.19% 1.06% 2.72% 123 Bertram 1.42% 0.00% 0.49% 0.03% -0.07% -0.01% 0.00% -0.03% 0.41% 1.83% 124 Big Lake 18.33% 0.00% -0.31% 0.08% -0.14% -0.66% - 0.07% 0.30% -0.80% 17.53% 126 Big Sandy 2.68% 0.00% 0.79% 0.04% -0.02% 0.08% 0.00% -0.44% 0.45% 3.13% 128 Big Spring 16.11% 0.00% 0.98% 0.07% -0.05% -0.29% - 0.20% 0.31% 0.82% 16.93% 132 Bishop 3.75% 0.00% 0.37% 0.04% -0.06% 0.02% -0.02% -0.47% -0.12% 3.63% 134 Blanco 1.34% 0.00% 0.57% 0.03% 0.00% 0.00% - 0.28% 0.00% 0.32% 1.66% 140 Blooming Grove 7.72% 0.00% 1.34% 0.08% 0.00% -0.03% 0.00% 0.98% 2.37% 10.09% 142 Blossom 3.10% 0.00% 1.35% 0.09% -0.28% 0.06% - 0.52% -0.17% 0.53% 3.63% 143 Blue Mound 4.53% 0.00% 0.63% 0.01% 0.02% - 0.03% -0.01% -0.01% 0.61% 5.14% 144 Blue Ridge 0.29% 0.00% 0.63% 0.01% 0.01% -0.15% 0.34% 0.10% 0.94% 1.23% 148 Boerne 17.79% 0.00% 0.53% 0.06% -0.10% -0.22% 0.19% 0.07% 0.53% 18.32% 150 Bogata 0.00% 0.00% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.07% 0.07% 152 Bonham 4.28% 0.00% 0.93% 0.05% -0.05% 0.00% 0.10% -0.26% 0.77% 5.05% 154 Booker 5.24% 0.00% 0.50% 0.04% -0.04% 0.00% -0.01% -0.04% 0.45% 5.69% 156 Borger 15.12% 0.00% 0.49% 0.08% -0.15% -0.27% 0.29% -0.63% -0.19% 14.93% 158 Bovina 0.00% 0.00% 0.04% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.04% 160 Bowie 9.50% 0.00% 0.56% 0.05% 0.00% 0.28% -0.05% -0.04% 0.80% 10.30% 162 Boyd 3.13% 0.00% 0.81% 0.02% -0.03% 0.04% - 0.35% -0.14% 0.35% 3.48% 166 Brady 10.03% 0.00% 0.92% 0.04% -0.07% - 0.09% 0.43% -0.63% 0.60% 10.63% 170 Brazoria 8.14% 0.00% 0.94% 0.06% 0.01% 0.06% -0.02% -0.50% 0.55% 8.69% 172 Breckenridge 7.29% 0.00% 0.53% 0.04% -0.08% -0.04% 0.07% -0.01% 0.51% 7.80% 174 Bremond 15.12% 0.00% 2.69% 0.06% 0.16% 0.17% 0.28% -0.18% 3.18% 18.30% 176 Brenham 5.87% 0.20% 1.14% 0.06% 0.00% 0.15% - 0.03% -0.34% 1.18% 7.05% 177 Bridge City 14.89% 0.00% 0.37% 0.08% -0.06% 0.19% - 0.40% 0.02% 0.20% 15.09% 178 Bridgeport 13.38% 0.00% 0.50% 0.06% 0.06% 0.08% -0.80% 0.16% 0.06% 13.44% 180 Bronte 9.00% 0.00% 2.26% 0.12% 0.09% 0.94% - 0.03% 0.05% 3.43% 12.43% 182 Brookshire 3.83% 0.00% 1.16% 0.06% -0.06% 0.05% 0.07% -0.07% 1.21% 5.04% 184 Brownfield 7.68% 0.00% 0.93% 0.07% -0.45% -0.03% 0.08% -0.66% -0.06% 7.62% 10188 Brownsville 17.74% 0.00% 0.07% 0.10% -0.10% - 0.09% - 0.04% -0.08% -0.14% 17.60% 20188 Brownsville PUB 12.12% 5.28% 0,21% 0.07% 0.25% -0.01% -0.02% -0.36% 5.42% 17.54% 10190 Brownwood 14.01% 0.00% 0.49% 0.07% -0.03% 0.02% -0.20% -0.58% -0.23% 13.78% 30190 Brownwood Health Dept. 9.75% 0.00% 1.20% 0.06% 0.08% -0.01% - 0.32% 0.30% 1.31% 11.06% 20190 Brownwood Public Library 3.05% 0.00% 0.67% 0.03% -0.02% 0.33% 0.03% 0.11% 1.15% 4.20% 195 Bruceville -Eddy 4.47% 0.00% 0.77% 0.03% -0.03% 0.07% - 0.07% 0.00% 0.77% 5.24% 192 Bryan 15.04% 0.00% 0.59% 0.08% -0.04% -0.12% -0.06% -0.20% 0.25% 15.29% 193 Bryson 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 194 Buda 13.66% 0.00% 0.32% 0.03% 0.10% -0.28% 0.52% 0.48% 1.17% 14.83% 196 Buffalo 4.06% 0.00% 0.84% 0.05% 0.00% -0.01% -0.21% -0.03% 0.64% 4.70% 198 Bullard 6.96% 0.41% 0.66% 0.03% 0.04% - 0.06% - 0.33% -0.02% 0.73% 7.69% 203 Bulverde 8.24% 0.00% 0.60% 0.03% 0.07% -0.05% -0.03% 0.35% 0.97% 9.21% 199 Bunker Hill Village 9.78% 0.00% 1.46% 0.12% -0.04% 0.00% -0.23% 0.29% 1.60% 11.38% 200 Burkburnett 10.03% 0.00% 0.88% 0.07% - 0.02% -0.08% - 0.44% - 0.98% -0.57% 9.46% 202 Burleson 15.10% 0.00% 0.45% 0.06% -0.03% -0.11% - 0.12% 0.07% 0.32% 15.42% 204 Burnet 12.30% 0.00% 0.45% 0.05% 0.02% 0.04% - 0.18% 0.06% 0.44% 12.74% 207 Cactus 2.24% 0.00% 0.55% 0.02% -0.04% 0.10% -0.10% -0.17% 0.36% 2.60% 208 Caddo Mills 3.26% 2.63% 0.73% 0.02% 0.20% -0.05% - 0.40% -0.09% 3.04% 6.30% 210 Caldwell 8.77% 0.00% 0.61% 0.07% -0.04% -0.01% 0.01% -0.31% 0.33% 9.10% 212 Calvert 0.69% 0.00% 0.40% 0.02% -0.04% 0.04% 0.11% 0.10% 0.63% 1.32% Page 2 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 214 Cameron 10.12% 0.00% 0.39% 0.04% -0.09% -0.10% -0.10% 0.12% 0.26% 10.38% 220 Canadian 14.95% 0.00% 0.05% 0.06% -0.13% -0.29% 0.01% 0.29% -0.01% 14.94% 222 Canton 11.25% 0.00% 1.00% 0.05% -0.07% -0.19% - 0.03% 0.22% 0.98% 12.23% 224 Canyon 16.97% 0.00% 0.63% 0.09% -0.07% - 0.22% 0.07% -1.08% -0.58% 16.39% 227 Carmine 1.71% 0.00% -0.65% 0.10% -0.05% 0.04% 0.00% 0.17% -0.39% 1.32% 228 Carrizo Springs 5.02% 0.00% 0.17% 0.04% -0.13% -0.15% 0.12% 0.14% 0.19% 5.21% 230 Carrollton 11.48% 0.00% 1.26% 0.11% -0.16% -0.06% 0.02% -0.21% 0.96% 12.44% 232 Carthage 18.66% 0.00% 0.33% 0.09% 0.02% -0.05% 0.15% -0.97% -0.43% 18.23% 231 Castle Hills 12.12% 0.00% 0.22% 0.08% -0.12% -0.17% 0.03% -0.58% -0.54% 11.58% 234 Castroville 9.07% 0.00% 0.58% 0.04% 0.01% -0.11% - 0.03% -0.39% 0.10% 9.17% 238 Cedar Hill 12.60% 0.00% 0.90% 0.06% -0.01% 0.06% -0.04% 0.07% 1.04% 13.64% 239 Cedar Park 9.35% 2.19% 0.88% 0.05% 0.13% -0.07% 0.03% 0.02% 3.23% 12.58% 240 Celeste 9.03% 0.00% 0.75% 0.02% -0.30% -3.37% 0.75% 0.56% -1.59% 7.44% 242 Celina 5.19% 0.00% 0.93% 0.03% -0.06% 0.14% 0.10% 0.04% 1.18% 6.37% 244 Center 16.60% 0.00% 0.54% 0.06% 0.06% - 0.22% 0.00% -0.40% 0.04% 16.64% 246 Centerville 16.44% 0.00% 2.96% 0.10% 0.38% 0.29% 0.54% -2.06% 2.21% 18.65% 247 Chandler 4.72% 0.00% 0.48% 0.02% -0.08% -0.41% - 0.09% -0.06% -0.14% 4.58% 248 Charlotte 6.29% 0.00% 0.33% 0.05% -0.17% -0.61% 0.19% 0.92% 0.71% 7.00% 249 Chester 0.55% 0.00% 2.63% 0.29% -0.08% 0.06% 0.03% -0.05% 2.88% 3.43% 245 Chico 3.26% 0.00% 0.56% 0.03% -0.02% -0.20% - 0.10% 0.14% 0.41% 3.67% 250 Childress 14.71% 0.00% 0.65% 0.06% -0.06% -0.52% -0.05% 0.22% 0.30% 15.01% 253 Chireno 18.78% 0.00% 0.65% 0.08% -0.05% -0.85% - 0.17% 0.19% -0.15% 18.63% 254 Christine 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 255 Cibolo 12.04% 0.00% 0.49% 0.03% -0.08% -0.05% 0.32% 0.07% 0.78% 12.82% 256 Cisco 2.26% 0.00% 0.55% 0.05% -0.06% 0.09% - 0.07% -0.38% 0.18% 2.44% 258 Clarendon 0.00% 0.46% 0.59% 0.03% 0.02% 0.16% 0.10% -0.07% 1.29% 1.29% 259 Clarksville 3.63% 0.00% 0.67% 0.06% -0.03% 0.22% 0.10% -0.09% 0.93% 4.56% 260 Clarksville City 0.96% 0.00% 1.92% 0.13% -0.06% -0.07% 0.58% 0.01% 2.51% 3.47% 263 Clear Lake Shores 10.76% 0.00% 0.35% 0.03% -0.06% -0.25% 0.08% 0.19% 0.34% 11.10% 264 Cleburne 18.20% 0.00% 0.52% 0.07% 0.09% 0.22% - 0.07% -0.43% 0.40% 18.60% 266 Cleveland 9.86% 0.00% 0.87% 0.04% -0.02% 0.08% 0.01% -0.28% 0.70% 10.56% 268 Clifton 0.73% 0.00% 0.55% 0.03% -0.01 % 0.00% - 0.02% 0.12% 0.67% 1.40% 271 Clute 9.96% 0.00% 1.31% 0.07% -0.04% 0.02% 0.00% -0.47% 0.89% 10.85% 272 Clyde 12.86% 0.00% 0.27% 0.05% -0.03% -0.02% 0.11% -0.16% 0.22% 13.08% 274 Coahoma 4.59% 0.00% 1.33% 0.05% -0.10% 0.03% 0.01% 0.23% 1.55% 6.14% 276 Cockrell Hill 7.96% 0.00% 0.72% 0.05% 0.01% -0.02% -0.53% -0.04% 0.19% 8.15% 278 Coleman 17.73% 0.00% 1.58% 0.08% -0.13% -0.47% 0.08% -2.09% -0.95% 16.78% 280 College Station 12.78% 0.00% 0.69% 0.07% - 0.07% -0.18% - 0.04% 0.15% 0.62% 13.40% 281 Colleyville 7.58% 0.00% 0.83% 0.07% -0.01% 0.04% - 0.07% -0.01% 0.85% 8.43% 282 Collinsville 0.66% 0.00% 0.46% 0.02% 0.01% 0.11% - 0.04% 0.15% 0.71% 1.37% 283 Colmesneil 6.70% 0.00% 1.53% 0.06% 0.00% 0.20% -0.04% 0.16% 1.91% 8.61% 284 Colorado City 8.18% 0.00% 0.91% 0.05% 0.02% 0.01% 0.13% -0.17% 0.95% 9.13% 286 Columbus 13.15% 0.00% 0.67% 0.06% 0.02% 0.20% 0.03% -0.36% 0.62% 13.77% 288 Comanche 4.98% 0.00% 0.17% 0.05% 0.01% 0.05% 0.09% -0.87% -0.50% 4.48% 290 Commerce 8.38% 0.00% 0.62% 0.05% -0.02% -0.01% 0.03% -0.05% 0.62% 9.00% 294 Conroe 16.06% 0.00% 0.54% 0.09% -0.08% -0.32% -0.05% 0.11% 0.29% 16.35% 295 Converse 13.83% 0.00% 0.54% 0.05% -0.04% 0.02% 0.13% -0.05% 0.65% 14.48% 298 Cooper 5.28% 0.00% 0.97% 0.06% 0.00% 0.01% 0.03% - 2.39% -1.32% 3.96% 299 Coppell 15.11% 0.00% 0.37% 0.08% -0.05% -0.06% - 0.20% 0.23% 0.37% 15.48% 297 Copper Canyon 12.49% 0.00% 1.28% 0.08% -0.14% -0.08% 0.00% 0.28% 1.42% 13.91% 300 Copperas Cove 12.31% 0.00% 0.29% 0.07% 0.02% 0.07% -0.10% -0.33% 0.02% 12.33% 301 Corinth 15.02% 0.00% -0.08% 0.06% -0.05% -0.05% 0.67% -0.18% 0.37% 15.39% 302 Corpus Christi 9.58% 0.40% 1.56% 0.08% -0.40% -0.13% -0.01% -0.36% 1.14% 10.72% 304 Corrigan 0.86% 0.00% 0.52% 0.03% -0.13% 0.00% 0.30% 0.01% 0.73% 1.59% Page 3 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 306 Corsicana 14.00% 0.00% 1.87% 0.08% -0.02% 0.37% -0.04% -0.08% 2.18% 16.18% 308 Cotulla 5.84% 0.00% 0.55% 0.02% -0.03% -0.19% 0.05% 0.15% 0.55% 6.39% 310 Crandall 10.95% 0.00% 0.65% 0.05% -0.02% 0.02% - 0.97% -0.20% -0.47% 10.48% 312 Crane 10.30% 0.00% 1.25% 0.08% 0.01% 0.01% 0.25% -1.33% 0.27% 10.57% 314 Crawford 0.20% 0.00% 0.44% 0.01% 0.00% 0.04% 0.19% -0.04% 0.64% 0.84% 316 Crockett 8,11% 0.00% 0.70% 0.06% -0.01% 0.05% -0.03% -0.61% 0.16% 8.27% 318 Crosbyton 4.31% 0.00% 0.99% 0.07% 0.07% -0.07% 0.26% -0.52% 0.80% 5.11% 320 Cross Plains 7.57% 0.00% 0.62% 0.07% -0.08% -0.19% 0.02% 0.10% 0.54% 8.11% 321 Cross Roads 7.19% 0.00% 1.08% 0.02% 0.14% 0.03% -1.21% -0.24% -0.18% 7.01% 323 Crowley 10.26% 0.00% 0.30% 0.05% -0.03% -0.04% - 0.02% 0.24% 0.50% 10.76% 324 Crystal City 0.29% 0.00% 1.20% 0.04% 0.02% 0.09% -0.05% -0.03% 1.27% 1.56% 326 Cuero 9.99% 0.00% 0.26% 0.03% -0.01% 0.00% - 0.05% -0.09% 0.14% 10.13% 328 Cumby 2.36% 0.00% 0.48% 0.02% -0.01% 0.00% -0.35% -0.44% -0.30% 2.06% 332 Daingerfield 6.62% 0.00% 0.53% 0.04% -0.01% 0.02% 0.38% -0.36% 0.60% 7.22% 334 Daisetta 0.95% 0.00% 0.36% 0.02% 0.00% -0.01% - 0.03% 0.05% 0.39% 1.34% 336 Dalhart 3.65% 0.00% 1.23% 0.06% -0.02% 0.01% -0.01% -0.20% 1.07% 4.72% 339 Dalworthington Gardens 21.95% 0.00% -0.04% 0.06% 0.00% 0.53% - 0.15% -0.34% 0.06% 22.01% 340 Danbury 5.72% 0.00% 1.00% 0.03% 0.02% 0.05% 0.08% -0.24% 0.94% 6.66% 341 Darrouzett 1.38% 0.00% 1.68% 0.10% -0.15% 0.00% - 0.02% -0.07% 1.54% 2.92% 344 Dayton 6.25% 0.00% 1.23% 0.03% -0.03% -0.06% - 0.12% 0.11% 1.16% 7.41% 352 De Leon 1.25% 0.00% 0.45% 0.02% 0.00% 0.00% -0.03% -0.18% 0.26% 1.51% 10366 DeSoto 10.38% 0.00% 1.13% 0.08% 0.01% 0.02% - 0.02% -0.41 % 0.81% 11.19% 346 Decatur 15.02% 0.00% 0.53% 0.05% 0.05% 0.12% -0.20% -0.44% 0.11% 15.13% 348 Deer Park 13.82% 0.00% 0.52% 0.09% -0.03% -0.06% 0.00% 0.02% 0.54% 14.36% 350 Dekalb 1.28% 0.90% 0.79% 0.03% 0.05% 0.01% - 0.03% 0.20% 1.95% 3.23% 354 Del Rio 4.11% 2.78% 0.69% 0.02% 0.13% -0.10% -0.02% -0.12% 3.38% 7.49% 353 Dell City 6.61% 0.00% 0.47% 0.12% 0.41% 0.88% -0.39% -0.37% 1.12% 7.73% 356 Denison 11.80% 0.00% 1.38% 0.08% -0.02% 0.06% - 0.10% -0.47% 0.93% 12.73% 358 Denton 17.23% 0.00% 0.55% 0.08% -0.08% -0.34% - 0.05% -0.09% 0.07% 17.30% 360 Denver City 11.59% 0.00% 0.94% 0.10% -0.03% 0.00% 0.02% -0.04% 0.99% 12.58% 362 Deport 6.90% 0.00% 0.54% 0.07% -0.69% -0.90% -0.26% -2.56% -3.80% 3.10% 370 Devine 8.21% 4.13% 0.21% 0.03% 0.17% -0.40% 0.10% 0.19% 4.43% 12.64% 371 Diboll 13.54% 0.00% 0.80% 0.07% 0.01% 0.26% -0.38% 0.00% 0.76% 14.30% 372 Dickens 0.74% 0.00% 0.61% 0.02% 0.00% 0.02% 0.02% 0.23% 0.90% 1.64% 373 Dickinson 8.45% 0.00% 0.79% 0.06% -0.03% 0.00% -0.11% -0.02% 0.69% 9.14% 374 Dilley 7.46% 0.00% 0.56% 0.02% -0.03% -0.16% 0.02% 0.18% 0.59% 8.05% 376 Dimmitt 4.65% 0.00% 1.32% 0.08% -0.06% 0.01% -0.09% -1.02% 0.24% 4.89% 382 Donna 5.08% 1.83% 1.32% 0.03% 0.08% -0.36% 0.14% 0.44% 3.48% 8.56% 379 Double Oak 5.09% 0.00% 0.69% 0.02% -0.05% -0.05% 0.00% 0.13% 0.74% 5.83% 383 Dripping Springs 1.86% 0.00% 0.62% 0.03% -0.03% -0.15% 0.12% 0.09% 0.68% 2.54% 385 Driscoll 1.97% 0.00% 1.71% 0.03% -0,01% 0.69% -0.08% 0.38% 2.72% 4.69% 384 Dublin 13.90% 0.00% 0.30% 0.05% -0.14% -0.85% - 0.25% -0.21% -1.10% 12.80% 386 Dumas 6.22% 0.00% 0.16% 0.05% 0.00% -0.01% - 0.10% -0.21% -0.11% 6.11% 388 Duncanville 3.41% 0.00% 1.66% 0.11% -0.03% 0.03% 0.27% -0.03% 2.01% 5.42% 394 Eagle Lake 8.07% 0.00% 0.72% 0.06% 0.01% - 0.13% - 0.22% 0.68% 1.12% 9.19% 396 Eagle Pass 9.08% 0.00% 0.13% 0.07% -0.05% -0.08% 0.00% -0.23% -0.16% 8.92% 397 Early 2.34% 0.00% 0.52% 0.04% -0.03% 0.00% 0.00% 0.44% 0.97% 3.31% 399 Earth 4.03% 0.00% 0.63% 0.03% - 0.05% 0.01% 0.36% 0.18% 1.16% 5.19% 401 East Mountain 13.29% 0.00% 0.61% 0.04% -0.04% -0.37% 0.26% 0.62% 1.12% 14.41% 395 East Tawakoni 5.40% 0.00% 1.07% 0.06% -0.03% 0.01% - 0.34% 0.19% 0.96% 6.36% 398 Eastland 8.79% 0.00% 0.59% 0.04% -0,01% 0.08% -0.24% -0.03% 0.43% 9.22% 402 Ector 1.65% 0.00% 0.54% 0.02% 0.00% 0.00% - 0.07% 0.01% 0.50% 2.15% 406 Eden 5.22% 0.00% 0.21% 0.04% 0.02% 0.01% - 0.07% -1.98% -1.77% 3.45% 408 Edgewood 3.52% 0.00% 0.87% 0.03% -0.01% 0.04% 0.24% -0.46% 0.71% 4.23% Page 4 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 410 Edinburg 14.56% 0.00% 0.53% 0.06% -0.05% -0.26% 0.01% 0.00% 0.29% 14.85% 412 Edna 11.26% 0.00% 0.28% 0.05% 0.00% 0.08% 0.11% 0.16% 0.68% 11.94% 414 El Campo 11.29% 0.00% -0.05% 0.07% -0.03% -0.07% 0.09% -0.09% -0.08% 11.21% 416 Eldorado 6.57% 0.00% 0.63% 0.05% -0.04% 0.07% 0.00% 0.01% 0.72% 7.29% 418 Electra 1.87% 0.00% 0.46% 0.02% -0.02% - 0.02% - 0.05% -0.26% 0.13% 2.00% 420 Elgin 10.96% 2.78% 0.66% 0.05% 0.10% -0.20% -0.02% -0.09% 3.28% 14.24% 422 Elkhart 5.96% 0.00% 0.71% 0.05% 0.07% 0.27% - 0.35% -0.86% -0.11% 5.85% 427 Elmendorf 0.87% 0.00% 0.41% 0.01% -0.04% 0.04% 0.22% -0.02% 0.62% 1.49% 432 Emory 4.53% 0.00% 0.69% 0.03% 0.04% 0.00% - 0.53% 0.00% 0.23% 4.76% 436 Ennis 17.93% 0.00% 0.11% 0.10% -0.03% -0.04% - 0.17% -0.54% -0.57% 17.36% 439 Euless 17.49% 0.00% 0.18% 0.14% 0.01% 0.08% 0.06% -0.20% 0.27% 17.76% 440 Eustace 6.02% 0.45% 1.71% 0.05% 0.27% 0.51% - 0.09% -0.32% 2.58% 8.60% 441 Everman 8.45% 0.00% 0.70% 0.05% -0.03% -0.19% 0.07% -0.74% -0.14% 8.31% 443 Fair Oaks Ranch 11.24% 0.00% 0.52% 0.05% -0.07% - 0.10% - 0.04% -0.14% 0.22% 11.46% 442 Fairfield 2.81% 0.00% 0.98% 0.05% -0.01% - 0.08% - 0.15% -0.16% 0.63% 3.44% 445 Fairview 10.27% 0.00% 0.69% 0.04% 0.00% -0.18% 0.08% -0.09% 0.54% 10.81% 20444 Falfurrias 1.68% 1.38% 0.55% 0.03% 0.08% -0.02% 0.00% -0.39% 1.63% 3.31% 446 Falls City 8.67% 0.00% 0.64% 0.04% -0.07% 0.15% 0.18% 0.31% 1.25% 9.92% 448 Farmers Branch 17.62% 0.00% 0.82% 0.11% -0.03% 0.06% - 0.09% -0.25% 0.62% 18.24% 450 Farmersville 8.42% 0.00% 0.37% 0.04% -0.08% -0.09% 0.17% -0.06% 0.35% 8.77% 451 Farwell 13,51% 0.00% 0.66% 0.09% 0.12% -0.01% 0.35% -0.05% 1.16% 14.67% 452 Fate 9.66% 0.00% 0.50% 0.02% -0.12% -0.06% 0.72% 0.00% 1.06% 10.72% 454 Fayetteville 0.04% 0.00% 0.68% 0.03% 0.00% -0.01% 0.00% 0.15% 0.85% 0.89% 456 Ferris 6.75% 0.00% 0.23% 0.03% 0.05% -0.01% - 0.32% -0.42% -0.44% 6.31% 458 Flatonia 17.72% 0.00% 1.15% 0.09% 0.03% 0.25% 0.03% -1.34% 0.21% 17.93% 460 Florence 3.23% 0.00% 0,91% 0.03% -0.07% -0.01% -0.04% 0.19% 1.01% 4.24% 20462 Floresville 9.98% 0.00% 0.77% 0.03% -0.16% -0.43% 0.12% 0.41% 0.74% 10.72% 463 Flower Mound 9.18% 0.00% 0.78% 0.06% 0.00% -0.05% - 0.03% 0.27% 1.03% 10.21% 464 Floydada 9.12% 3.93% 0.46% 0.06% 0.16% -0.07% 0.00% -0.55% 3.99% 13.11% 468 Forest Hill 13.40% 0.00% 0.23% 0.06% -0.06% -0.30% - 0.02% 0.02% -0.07% 13.33% 470 Forney 14.10% 0.00% 0.10% 0.04% -0.02% -0.04% -0.06% -0.55% -0.53% 13.57% 472 Fort Stockton 10.25% 0.00% 0.24% 0.04% -0.01 % -0.08% - 0.09% -0.13% -0.03% 10.22% 476 Franklin 2.79% 0.00% 0.61% 0.02% 0.04% -0.12% 0.26% -0.12% 0.69% 3.48% 478 Frankston 1.88% 0.00% 0.48% 0.02% -0.06% -0.01% 0.03% 0.01% 0.47% 2.35% 480 Fredericksburg 9.25% 0.00% 0.88% 0.07% -0.06% - 0.06% - 0.12% -0.44% 0.27% 9.52% 482 Freeport 13.77% 0.00% 0.56% 0.06% 0.01% -0.14% -0.25% 0.35% 0.59% 14.36% 481 Freer 6.04% 0.00% 0.31% 0.02% -0.04% -0.03% 0.06% 0.13% 0.45% 6.49% 483 Friendswood 15.44% 0.00% 0.54% 0.08% - 0.03% -0.09% 0.02% - 0.49% 0.03% 15.47% 484 Friona 11.34% 0.00% 0.99% 0.07% -0.01% 0.10% 0.15% -0.28% 1.02% 12.36% 486 Frisco 14.00% 0.00% 0.33% 0.05% -0.10% -0.23% 0.04% 0.07% 0.16% 14.16% 487 Fritch 1.94% 0.00% 0.83% 0.04% -0.08% 0.32% -0.03% 0.37% 1.45% 3.39% 488 Frost 3.18% 0.00% 0.88% 0.03% 0.04% 0.03% - 0.02% -0.07% 0.89% 4.07% 491 Fulshear 4.93% 0.00% 0.60% 0.01% -0.08% -0.16% 0.09% 0.07% 0.53% 5.46% 493 Fulton 17.48% 0.00% 1.24% 0.05% -0.22% -0.23% 0.20% 0.28% 1.32% 18.80% 492 Gainesville 9.31% 0.00% 0.31% 0.06% -0.01% 0.05% - 0.05% -0.08% 0.28% 9.59% 494 Galena Park 13.90% 0.00% 1.02% 0.07% -0.07% -0.15% 0.28% -0.38% 0.77% 14.67% 498 Ganado 11.88% 0.00% 1.29% 0.12% -0.10% 0.05% 0.12% 0.17% 1.65% 13.53% 499 Garden Ridge 7.48% 0.00% 0.56% 0.03% - 0.04% -0.05% 0.06% 0.17% 0.73% 8.21% 500 Garland 10.30% 0.00% 1.02% 0.09% -0.02% 0.00% - 0.02% -0.46% 0.61% 10.91% 502 Garrison 15.03% 0.00% 1.79% 0.16% -0.07% -0.14% - 0.36% -2.86% -1.48% 13.55% 503 Gary 7.28% 0.00% 0.38% 0.03% -0.09% -0.81% 0.06% 0.09% -0.34% 6.94% 504 Gatesville 15.90% 0.00% 0.40% 0.07% 0.00% -0.11% - 0.50% -038% -0.52% 15.38% 505 George West 5.02% 0.00% 0.63% 0.02% -0.05% -0.06% 0.12% -0.01% 0.65% 5.67% 506 Georgetown 11.47% 0.00% 1.02% 0.05% -0.09% -0.30% 0.05% 0.23% 0.96% 12.43% Page 5 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 510 Giddings 18.46% 0.00% 0.99% 0.07% -0.03% -0.31% 0.06% 0.02% 0.80% 19.26% 512 Gilmer 12.93% 0.00% 0.51% 0.06% -0.06% -0.06% 0.24% -0.03% 0.66% 13.59% 514 Gladewater 3.21% 0.00% 0.35% 0.04% -0.03% 0.00% - 0.03% 0.00% 0.33% 3.54% 516 Glen Rose 15.28% 0.00% 0.53% 0.05% 0.07% 0.02% -0.71% -0.75% -0.79% 14.49% 517 Glenn Heights 3.20% 0.00% 0.67% 0.04% 0.00% 0.00% - 0.24% -0.09% 0.38% 3.58% 518 Godley 1.99% 0.32% 0.53% 0.02% -0.06% -0.07% 0.01% 0.00% 0.75% 2.74% 519 Goldsmith 2.73% 0.00% 1.29% 0.08% -0.01% 0.09% - 0.06% -0.58% 0.81% 3.54% 520 Goldthwaite 25.83% 0.00% 0.79% 0.14% -0.13% -0.37% -0.21% -0.73% -0.51% 25.32% 522 Goliad 1.06% 0.00% 1.05% 0.06% -0.04% -0.18% 1.47% -1.42% 0.94% 2.00% 524 Gonzales 10.39% 0.00% 0.19% 0.05% -0.05% -0.02% 0.06% -0.29% -0.06% 10.33% 532 Graford 2.65% 0.00% 0.68% 0.04% 0.07% 0.04% -0.07% -0.49% 0.27% 2.92% 10534 Graham 11.91% 0.00% 0.63% 0.06% -0.03% -0.03% 0.10% -0.97% -0.24% 11.67% 536 Granbury 15.20% 0.00% 0.57% 0.06% 0.00% 0.01% 0.08% -0.05% 0.67% 15.87% 540 Grand Prairie 15.66% 0.00% 0.60% 0.09% -0.08% - 0.20% -0.01% 0.10% 0.50% 16.16% 542 Grand Saline 5.57% 0.00% 0.53% 0.05% -0.03% 0.01% - 0.02% -0.67% -0.13% 5.44% 544 Grandview 5.08% 0.00% 0.96% 0.03% 0.01% 0.00% -0.06% -0.08% 0.86% 5.94% 546 Granger 0.00% 0.00% 0.28% 0.03% 0.00% 0.46% 0.00% 0.06% 0.83% 0.83% 547 Granite Shoals 4.45% 0.00% 0.61% 0.02% 0.01% -0.01% - 0.13% 0.07% 0.57% 5.02% 548 Grapeland 4.12% 0.00% 0.29% 0.03% -0.05% 0.06% - 0.03% 0.03% 0.33% 4.45% 550 Grapevine 19.06% 0.00% 0.27% 0.09% -0.03% -0.14% 0.03% -0.22% 0.00% 19.06% 552 Greenville 10.30% 0.00% 1.09% 0.08% 0.00% 0.04% 0.02% 0.01% 1.24% 11.54% 551 Gregory 3.73% 0.00% 0.42% 0.02% -0.05% 0.13% - 0.06% -0.09% 0.37% 4.10% 553 Grey Forest 15.18% 0.00% 1.08% 0.07% -0.05% -0.17% -0.10% 0.34% 1.17% 16.35% 556 Groesbeck 2.33% 0.00% 0.46% 0.01% 0.00% 0.01% - 0.14% -0.20% 0.14% 2.47% 558 Groom 2.26% 0.00% 0.67% 0.03% -0,01% -0.07% 0.08% 0.05% 0.75% 3.01% 559 Groves 8.88% 0.00% 0.80% 0.08% 0.00% 0.07% 0.00% -0.13% 0.82% 9.70% 560 Groveton 1.48% 0.00% 0.49% 0.03% 0.02% -0.01% 0.01% 0.03% 0.57% 2.05% 562 Gruver 6.38% 0.00% 2.48% 0.14% -0.05% 0.02% 0.12% 0.25% 2.96% 9.34% 563 Gun Barrel City 5.52% 0.00% 0.99% 0.03% 0.00% 0.00% - 0.05% -0.27% 0.70% 6.22% 564 Gunter 3.34% 0.00% 0.69% 0.02% 0.06% -0.09% 0.17% -0.53% 0.32% 3.66% 568 Hale Center 1.74% 0.00% 0.46% 0.01% -0.04% -0.02% 0.06% -0.34% 0.13% 1.87% 570 Hallettsville 12.05% 0.00% 0.59% 0.07% -0.03% 0.08% 0.00% 0.02% 0.73% 12.78% 572 Hallsville 2.94% 0.00% 0.37% 0.01% -0.01% 0.01% 0.02% -0.23% 0.17% 3.11% 574 Haltom City 18.72% 0.00% 0.28% 0.10% -0.05% 0.02% - 0.16% -0.15% 0.04% 18.76% 576 Hamilton 20.74% 0.00% 0.27% 0.07% -0.29% -1.46% 0.02% -0.64% - 2.03% 18.71% 578 Hamlin 10.89% 0.00% 1.44% 0.08% -0.15% -0.28% -0.02% -0.36% 0.71% 11.60% 580 Happy 12.38% 0.00% 1.79% 0.13% 0.25% 1.90% 0.00% 0.10% 4.17% 16.55% 581 Harker Heights 14.63% 0.00% 0.32% 0.06% - 0.02% 0.01% - 0.03% - 0.08% 0.26% 14.89% 10582 Harlingen 7.01% 0.00% 3.10% 0.23% -0.10% 0.24% 0.04% 0.08% 3.59% 10.60% 20582 Harlingen Waterworks Sys 0.59% 0.00% 1.02% 0.07% -0.03% 0.01% -0.03% 0.12% 1.16% 1.75% 583 Hart 2.68% 0.00% 0.97% 0.03% 0.00% 0.06% 0.00% 0.08% 1.14% 3.82% 586 Haskell 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 587 Haslet 8.17% 0.00% 0.76% 0.04% -0.20% 0.09% - 0.02% -0.04% 0.63% 8.80% 588 Hawkins 13.33% 0.00% 1.64% 0.11% -0.01% -0.22% 0.10% 0.02% 1.64% 14.97% 585 Hays 5.82% 0.00% 0.90% 0.11% -0.01% -0.18% 0.01% 0.08% 0.91% 6.73% 590 Hearne 15.00% 0.00% 0.73% 0.04% -0,01% 0.02% -0.03% 0.05% 0.80% 15.80% 591 Heath 10.70% 0.00% 0.73% 0.05% -0.03% -0.06% -0.12% 0.19% 0.76% 11.46% 592 Hedley 3.00% 0.00% 0.97% 0.05% 0.12% -0.27% 0.34% - 0.46% 0.75% 3.75% 595 Hedwig Village 6.12% 0.00% 1.04% 0.04% 0.00% 0.07% 0.09% -0.18% 1.06% 7.18% 593 Helotes 6.09% 0.00% 0.94% 0.03% -0.02% - 0.02% -0.15% -0.02% 0.76% 6.85% 594 Hemphill 3,51% 3.07% 0.91% 0.04% 0.08% -0.05% -0.02% 0.31% 4.34% 7.85% 596 Hempstead 8.64% 0.00% 0.26% 0.05% -0.06% -0.09% - 0.04% -0.83% -0.71% 7.93% 598 Henderson 15.34% 0.00% 0.80% 0.07% -0.03% -0.19% - 0.20% 0.00% 0.45% 15.79% Page 6 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 600 Henrietta 14.10% 0.00% 0.82% 0.05% -0.06% -0.04% 0.01% 0.08% 0.86% 14.96% 602 Hereford 10.43% 0.00% 0.36% 0.06% -0.05% -0.20% -0.07% 0.31% 0.41% 10.84% 605 Hewitt 15.31% 0.00% 0.48% 0.06% -0.03% -0.17% - 0.12% 0.17% 0.39% 15.70% 609 Hickory Creek 10.81% 0.00% 0.75% 0.04% 0.00% 0.05% 0.25% -0.37% 0.72% 11.53% 606 Hico 4.55% 0.00% 1.01% 0.05% -0.04% 0.04% - 0.24% -0.09% 0.73% 5.28% 607 Hidalgo 12.64% 0.00% 0.53% 0.05% -0.10% -0.32% -0.06% -0.17% -0.07% 12.57% 608 Higgins 3.64% 0.00% 0.43% 0.06% 0.00% -0.01% -0.01% -0.25% 0.22% 3.86% 610 Highland Park 3.14% 0.00% 1.70% 0.11% -0.05% -0.05% - 0.02% 0.57% 2.26% 5.40% 611 Highland Village 13.20% 0.00% 0.35% 0.06% 0.00% -0.09% 0.24% -0.12% 0.44% 13.64% 613 Hill Country Village 3.14% 0.00% 1.12% 0.04% -0.05% 0.01% 0.14% -0.45% 0.81% 3.95% 612 Hillsboro 10.75% 0.00% 0.38% 0.05% 0.00% 0.14% 0.05% -0.03% 0.59% 11.34% 619 Hilshire Village 12.72% 0.00% 0.57% 0.00% -0.08% -0.18% 0.02% 0.33% 0.66% 13.38% 614 Hitchcock 3.82% 0.00% 0.84% 0.04% -0.05% 0.00% 0.24% -0.63% 0.44% 4.26% 615 Holland 7.64% 0.00% 1.25% 0.08% 0.05% - 0.18% - 0.23% -0.16% 0.81% 8.45% 616 Holliday 1.93% 0.00% 0.78% 0.02% -0.01% 0.02% - 0.12% 0.00% 0.69% 2.62% 617 Hollywood Park 8.95% 0.00% 0.12% 0.05% -0.04% -0.09% 0.22% -0.08% 0.18% 9.13% 618 Hondo 9.00% 0.00% 0.27% 0.05% -0.04% -0.07% 0.06% -0.49% -0.22% 8.78% 620 Honey Grove 7.29% 0.00% 0.54% 0.07% -0.10% 0.02% 0.21% -0.30% 0.44% 7.73% 622 Hooks 0.87% 9.77% 1.70% 0.03% 0.70% 0.21% 0.39% 0.35% 13.15% 14.02% 626 Howe 4.50% 0.00% 1.08% 0.07% -0.31% 0.07% -0.11% 0.31% 1.11% 5.61% 627 Hubbard 0.40% 0.00% 0.44% 0.02% -0,01% -0.03% -0.12% 0.11% 0.41% 0.81% 628 Hudson 3.49% 0.00% 0.87% 0.03% 0.03% 0.00% 0.33% -0.13% 1.13% 4.62% 629 Hudson Oaks 12.89% 0.00% 0.14% 0.04% 0.03% -0.03% -0.01% 0.24% 0.41% 13.30% 630 Hughes Springs 15.36% 0.00% 1.12% 0.13% -0.15% 0.08% - 0.23% 0.21% 1.16% 16.52% 632 Humble 13.58% - 0.18% 0.55% 0.07% -0.05% - 0.02% - 0.03% -0.29% 0.05% 13.63% 633 Hunters Creek Village 14.00% 0.00% 1.53% 0.06% 0.10% 0.46% 0.06% 0.41% 2.62% 16.62% 634 Huntington 13.77% 0.00% 0.51% 0.06% -0.02% 0.08% 0.55% -0.35% 0.83% 14.60% 636 Huntsville 17.07% 0.00% 1.39% 0.07% 0.01% 0.15% - 0.03% -0.07% 1.52% 18.59% 637 Hurst 9.63% 0.00% 0.99% 0.09% -0.03% -0.07% - 0.10% -0.06% 0.82% 10.45% 638 Hutchins 6.94% 1.00% 0.23% 0.04% 0.04% -0.01% - 0.08% -0.01% 1.21% 8.15% 640 Hutto 13.14% 0.00% 0.07% 0.04% -0.04% -0.09% 0.12% -0.06% 0.04% 13.18% 641 Huxley 0.00% 0.00% 0.56% 0.05% 0.00% 0.00% 0.04% 0.51% 1.16% 1.16% 642 Idalou 4.06% 0.00% 0.82% 0.01% 0.00% 0.00% -0.04% -0.18% 0.61% 4.67% 643 Ingleside 10.35% 0.00% 0.67% 0.04% -0.04% -0.18% - 0.28% 0.03% 0.24% 10.59% 646 Ingram 5.39% 0.00% 0.69% 0.03% 0.01% -0.01% 0.18% -0.31% 0.59% 5.98% 647 Iowa Colony 33.93% 0.00% 1.16% 0.01% -0.28% -4.69% -0.54% -1.37% -5.71% 28.22% 644 Iowa Park 13.63% 0.00% 0.96% 0.07% -0.08% -0.26% 0.17% 0.23% 1.09% 14.72% 645 Iraan 14.43% 0.00% 1.69% 0.09% - 0.17% -0.11% - 0.03% 0.41% 1.88% 16.31% 648 Irving 13.33% 0.00% 1.17% 0.09% -0.02% -0.01% 0.00% -0.13% 1.10% 14.43% 650 Italy 2.25% 0.00% 0.47% 0.01% 0.02% 0.21% - 0.17% -0.11% 0.43% 2.68% 652 Itasca 10.22% 0.00% 1.06% 0.05% -0,01% 0.04% 0.88% -0.66% 1.36% 11.58% 654 Jacinto City 8.76% 0.00% 0.49% 0.05% -0.03% -0.20% -0.01% -022% 0.08% 8.84% 656 Jacksboro 13.76% 0.00% 0.83% 0.05% -0.05% -0.23% - 0.27% -0.18% 0.15% 13.91% 658 Jacksonville 10.79% 0.00% 0.96% 0.07% -0.03% -0.04% - 0.16% -0.36% 0.44% 11.23% 660 Jasper 8.94% 0.00% 1.27% 0.06% 0.00% - 0.06% 0.00% -0.62% 0.65% 9.59% 664 Jefferson 3,31% 0.00% 0.75% 0.03% -0.23% 0.04% -0.04% -0.05% 0.50% 3.81% 665 Jersey Village 14.88% 0.00% 0.53% 0.06% -0.01% 0.09% -0.09% -0.11% 0.47% 15.35% 666 Jewett 8.33% 0.00% 0.57% 0.08% 0.06% 0.19% - 0.18% - 0.43% 0.29% 8.62% 668 Joaquin 3.95% 0.00% 0.72% 0.03% 0.11% 0.46% - 0.56% 0.11% 0.87% 4.82% 670 Johnson City 9.40% 0.00% 0.51% 0.05% -0.04% -0.23% - 0.49% 0.64% 0.44% 9.84% 673 Jones Creek 5.74% 0.00% 0.79% 0.05% -0.02% -0.05% 0.08% 0.04% 0.89% 6.63% 675 Jonestown 5.14% 0.00% 0.59% 0.01% 0.00% 0.00% - 0.20% -0.04% 0.36% 5.50% 677 Josephine 6.33% 0.00% 0.88% 0.05% 0.06% -0.15% 0.02% 0.16% 1.02% 7.35% 671 Joshua 5.06% 0.00% 1.06% 0.03% 0.02% 0.01% - 0.17% 0.03% 0.98% 6.04% Page 7 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 672 Jourdanton 6.16% 0.00% 0.28% 0.03% -0,01% -0.02% 0.03% -0.13% 0.18% 6.34% 674 Junction 14.42% 0.00% 0.90% 0.08% 0.11% 0.12% 0.39% -1.49% 0.11% 14.53% 676 Justin 2.29% 0.00% 0.31% 0.02% -0.04% -0.06% 0.11% 0.24% 0.58% 2.87% 678 Karnes City 5.00% 0.00% 0.21% 0.03% -0.06% -0.21% - 0.08% 0.28% 0.17% 5.17% 680 Katy 14.45% 0.00% 0.08% 0.07% -0.09% -0.21% 0.04% 0.20% 0.09% 14.54% 682 Kaufman 14.02% -3.87% 1.23% 0.06% -0.28% -0.04% 0.08% 0.08% -2.74% 1128% 683 Keene 14.26% 0.00% 1.02% 0.06% -0.08% -0.51% - 0.20% 0.27% 0.56% 14.82% 681 Keller 14.93% 0.00% 0.51% 0.07% 0.00% 0.08% 0.02% -0.09% 0.59% 15.52% 685 Kemah 5.23% 0.00% 1.14% 0.04% 0.00% 0.00% 0.23% -0.02% 1.39% 6.62% 684 Kemp 0.00% 0.26% 1.29% 0.05% 0.02% 1.59% 0.35% 0.41% 3.97% 3.97% 686 Kenedy 4.28% 0.00% 0.44% 0.02% -0.05% -0.13% -0.07% 0.40% 0.61% 4.89% 688 Kennedale 14.22% 0.00% 0.60% 0.06% -0.04% -0.02% - 0.29% -0.23% 0.08% 14.30% 692 Kermit 15.36% 0.00% 1.02% 0.06% -0.02% -0.16% -1.00% -0.14% -0.24% 15.12% 10694 Kerrville 8.42% 0.00% 0.88% 0.07% -0.02% - 0.03% 0.01% 0.31% 1.22% 9.64% 20694 Kerrville PUB 11.80% 0.00% 0.88% 0.09% -0.07% - 0.26% - 0.11% 0.23% 0.76% 12.56% 10696 Kilgore 14.63% 0.00% 0.32% 0.07% -0.08% 0,01% 0.14% -0.03% 0.43% 15.06% 698 Killeen 8.13% 0.13% 1.36% 0.05% 0.01% 0.00% - 0.03% -0.03% 1.49% 9.62% 700 Kingsville 9.37% 0.00% 0.36% 0.07% -0.02% -0.13% - 0.08% -0.38% -0.18% 9.19% 701 Kirby 13.11% 0.00% 0.73% 0.05% 0.04% 0.19% - 0.05% 0.28% 1.24% 14.35% 702 Kirbyville 5.35% 0.00% 0.51% 0.03% -0.03% -0.20% 0.00% -0.09% 0.22% 5.57% 704 Knox City 1.06% 0.00% 0.73% 0.04% 0.07% 0.14% -0.01% 0.13% 1.10% 2.16% 708 Kountze 0.94% 0.00% 0.45% 0.01% -0.01 % 0.00% - 0.03% 0.02% 0.44% 1.38% 709 Kress 10.54% 0.00% 2.17% 0.17% -0.07% 0.32% -0.84% -3.72% -1.97% 8.57% 699 Krugerville 7.63% 0.00% 0.73% 0.01% -0.09% -0.04% 0.35% 0.16% 1.12% 8.75% 707 Krum 3.69% 0.00% 0.72% 0.02% -0.01% 0.03% 0.06% -0.03% 0.79% 4.48% 710 Kyle 11.52% 0.66% 0.67% 0.03% -0,01% -0.15% 0.00% -0.03% 1.17% 12.69% 725 La Coste 0.92% 0.00% 0.51% 0.03% 0.00% 0.01% 0.01% 0.00% 0.56% 1.48% 714 La Feria 9.77% 0.00% 0.30% 0.05% -0.02% -0.17% - 0.05% -0.12% -0.01% 9.76% 716 La Grange 15.44% 0.00% 1.12% 0.07% -0.07% -0.33% - 0.04% -0.16% 0.59% 16.03% 723 La Grulla 3.30% 0.00% 0.52% 0.05% -0.34% 1.85% -0.71% 0.53% 1.90% 5.20% 732 La Joya 5.48% 0.00% 0.49% 0.01% 0.02% 0.03% -0.09% 0.23% 0.69% 6.17% 721 La Marque 9.11% 5.41% 0.80% 0.05% 0.29% 0.19% 0.17% -026% 6.65% 15.76% 728 La Porte 15.64% 0.00% 0.34% 0.13% -0.02% 0.03% 0.04% -0.19% 0.33% 15.97% 731 La Vernia 2.44% 0.00% 0.42% 0.01% -0.04% -0.11% - 0.03% -0.01% 0.24% 2.68% 711 Lacy- Lakeview 13.58% 0.00% 0.66% 0.05% 0.01% 0.05% -0.01% 0.29% 1.05% 14.63% 712 Ladonia 0,11% 0.00% 1.00% 0.04% -0.07% -1.21% 2.85% -0.15% 2.46% 2.57% 713 Lago Vista 6.48% 0.00% 1.03% 0.05% -0.02% -0.01% 0.13% 0.05% 1.23% 7.71% 705 Laguna Vista 2.50% 0.00% 0.61% 0.02% 0.00% 0.01% 0.23% -0.01% 0.86% 3.36% 717 Lake Dallas 12.56% 0.00% 0.95% 0.07% 0.06% 0.17% 0.55% -0.80% 1.00% 13.56% 718 Lake Jackson 11.73% 0.00% 0.29% 0.08% -0.06% 0.00% 0.18% -0.38% 0.11% 11.84% 719 Lake Worth 12.52% 0.00% 0.41% 0.05% 0.01% 0.16% 0.30% -0.04% 0.89% 13.41% 727 Lakeport 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 715 Lakeside 7.13% 0.00% 0.80% 0.04% -0.05% -0.02% - 0.34% 0.00% 0.43% 7.56% 729 Lakeside City 1.22% 0.00% 0.66% 0.05% -0.04% 0.00% - 0.15% 0.18% 0.70% 1.92% 720 Lakeway 12.95% 0.00% 0.75% 0.04% 0.00% - 0.04% - 0.03% -0.06% 0.66% 13.61% 722 Lamesa 3.60% 0.00% 1.48% 0.08% -0.04% 0.03% 0.02% -0.46% 1.11% 4.71% 724 Lampasas 14.16% 0.00% 0.50% 0.07% -0.04% 0.02% -0.04% 0.16% 0.67% 14.83% 726 Lancaster 13.30% 0.00% 0.84% 0.07% - 0.07% -0.26% -0.11% 0.09% 0.56% 13.86% 730 Laredo 21.29% 0.00% 0.43% 0.09% 0.02% -0.16% - 0.04% -0.47% -0.13% 21.16% 733 Lavon 4.71% 0.00% 0.63% 0.03% 0.03% 0.01% - 0.08% -0.01% 0.61% 5.32% 736 League City 14.86% 0.00% 0.22% 0.06% -0.02% -0.11% 0.23% 0.15% 0.53% 15.39% 737 Leander 12.18% 0.00% 0.48% 0.04% -0.02% -0.31% 0.02% 0.20% 0.41% 12.59% 735 Lefors 3.85% 0.00% 0.49% 0.01% -0.24% -0.61% - 0.02% 0.06% -0.31% 3.54% 739 Leon Valley 13.98% 0.00% 0.14% 0.11% -0.13% -0.06% 0.09% -1.21% -1.06% 12.92% Page 8 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 738 Leonard 0.61% 0.00% 0.53% 0.02% 0.00% 0.01% -0.12% -0.08% 0.36% 0.97% 740 Levelland 11.94% 0.00% 0.39% 0.08% -0.05% -0.09% 0.02% -0.06% 0.29% 12.23% 742 Lewisville 16.27% 0.00% 0.41% 0.08% -0.03% -0.07% 0.02% -0.13% 0.28% 16.55% 744 Lexington 8.79% 0.00% 0.52% 0.07% -0.08% - 0.34% 0.05% -0.36% -0.14% 8.65% 746 Liberty 17.74% 0.00% 1.38% 0.03% -0.01% - 0.26% 0.06% -0.15% 1.05% 18.79% 745 Liberty Hill 2.75% 4.50% 0.66% 0.02% 0.23% -0.14% -0.18% -0.29% 4.80% 7.55% 748 Lindale 14.34% 0.00% 0.41% 0.04% -0.06% -0.22% - 0.13% -0.07% -0.03% 14.31% 750 Linden 1.34% 0.00% 0.65% 0.03% 0.00% -0.09% - 0.06% -0.52% 0.01% 1.35% 755 Lipan 1.69% 0.00% 0.67% 0.03% 0.02% 0.00% 0.00% 0.08% 0.80% 2.49% 751 Little Elm 12.92% 0.00% 0.25% 0.04% -0.04% -0.10% 0.24% 0.18% 0.57% 13.49% 752 Littlefield 9.10% 0.00% 0.49% 0.06% -0.06% -0.20% -0.07% 0.17% 0.39% 9.49% 753 Live Oak 17.62% 0.00% 0.09% 0.08% 0.07% 0.12% -0.11% -0.47% -0.22% 17.40% 757 Liverpool 1.92% 0.00% 0.44% 0.02% 0.09% 0.04% 0.00% 0.09% 0.68% 2.60% 754 Livingston 16.05% 0.00% 0.80% 0.09% -0.04% 0.00% - 0.03% -0.44% 0.38% 16.43% 756 Llano 9.67% 4.34% 1.61% 0.06% 0.25% 0.00% - 0.12% -0.55% 5.59% 15.26% 758 Lockhart 11.86% 0.00% 0.83% 0.07% -0.05% -0.12% -0.06% 0.53% 1.20% 13.06% 760 Lockney 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 765 Lone Star 2.83% 0.00% 0.67% 0.06% -0.01% -0.03% -0.41% -0.57% -0.29% 2.54% 766 Longview 9.86% 0.00% 1.25% 0.07% 0.01% 0.05% - 0.09% -0.05% 1.24% 11.10% 768 Loraine 2.05% 0.00% 0.83% 0.04% -0.32% -0.04% - 0.08% 0.17% 0.60% 2.65% 769 Lorena 6.67% 0.00% 0.44% 0.03% 0.02% 0.00% 0.00% -0.05% 0.44% 7.11% 770 Lorenzo 2.18% 0.00% 0.61% 0.04% -0.01 % 0.17% 0.08% 0.07% 0.96% 3.14% 771 Los Fresnos 0.83% 0.00% 0.68% 0.04% -0.02% 0.03% -0.10% 0.07% 0.70% 1.53% 773 Lott 0.87% 0.00% 0.44% 0.01% 0.01% -0.02% 0.07% 0.23% 0.74% 1.61% 774 Lovelady 6.09% 0.00% 0.84% 0.03% -0.01% 0.00% - 0.66% -0.18% 0.02% 6.11% 778 Lubbock 17.96% 0.00% 0.16% 0.09% -0.05% -0.07% 0.03% -0.17% -0.01% 17.95% 779 Lucas 13.32% 0.00% 0.46% 0.03% -0.17% -0.18% 0.11% 0.18% 0.43% 13.75% 782 Lufkin 15.72% 0.00% 1.05% 0.08% -0.03% -0.04% - 0.07% -0.09% 0.90% 16.62% 784 Luling 8.51% 0.00% 0.87% 0.04% 0.01% 0.11% 0.18% -0.09% 1.12% 9.63% 785 Lumberton 16.69% 0.00% 0.19% 0.06% -0.10% -0.19% 0.06% 0.06% 0.08% 16.77% 786 Lyford 4.36% 0.00% 0.76% 0.02% 0.02% 0.13% -0.15% 0.05% 0.83% 5.19% 787 Lytle 9.01% 0.00% 0.38% 0.07% -0.05% -0.20% 0.03% 0.24% 0.47% 9.48% 790 Madisonville 9.03% 0.00% 0.60% 0.04% -0.02% -0.08% -0.09% 0.07% 0.52% 9.55% 791 Magnolia 1.38% 0.00% 0.52% 0.02% 0.01% 0.01% - 0.07% 0.00% 0.49% 1.87% 792 Malakoff 5.92% 0.00% 1.13% 0.03% 0.09% - 0.06% - 0.38% 0.12% 0.93% 6.85% 796 Manor 3.36% 0.00% 0.66% 0.02% -0.05% 0.02% 0.07% 0.16% 0.88% 4.24% 798 Mansfield 14.14% 0.00% 0.37% 0.07% -0.04% -0.01% 0.02% 0.07% 0.48% 14.62% 799 Manvel 5.65% 0.00% 0.80% 0.02% -0.11% -0.03% 0.27% 0.08% 1.03% 6.68% 800 Marble Falls 4.35% 0.00% 1.24% 0.05% -0.01% 0.01% 0.01% -0.01% 1.29% 5.64% 802 Marfa 0.91% 0.00% 0.76% 0.05% 0.03% 0.27% - 0.17% 0.15% 1.09% 2.00% 804 Marion 5.04% 0.00% 0.64% 0.03% 0.01% -0.04% 0.18% 0.04% 0.86% 5.90% 806 Marlin 9.29% 0.00% 0.84% 0.03% 0.12% 0.16% - 0.23% -0.48% 0.44% 9.73% 810 Marshall 16.19% 0.00% 0.97% 0.08% 0.00% 0.09% - 0.10% -0.50% 0.54% 16.73% 812 Mart 1.27% 0.00% 0.68% 0.05% 0.05% -0.21% 0.08% -0.44% 0.21% 1.48% 813 Martindale 8.85% 0.00% 1.11% 0.04% 0.11% 0.13% - 0.13% 0.46% 1.72% 10.57% 814 Mason 6.04% 0.00% 0.59% 0.04% -0.03% -0.08% 0.02% -0.17% 0.37% 6.41% 816 Matador 6.12% 0.00% 0.98% 0.05% 0.23% 0.20% -0.34% -0.07% 1.05% 7.17% 818 Mathis 3.04% 0.00% 1.02% 0.04% - 0.05% 0.30% -0.21% 0.14% 1.24% 4.28% 820 Maud 3.28% 0.00% 0.52% 0.01% -0.08% -0.08% - 0.06% 0.13% 0.44% 3.72% 822 Maypearl 1.64% 0.00% 0.67% 0.04% 0.03% -0.04% - 0.20% -0.26% 0.24% 1.88% 824 McAllen 6.28% 0.38% 1.28% 0.06% 0.00% -0.05% -0.06% 0.01% 1.62% 7.90% 826 McCamey 1.61% 0.00% 0.75% 0.07% 0.02% 0.14% 0.06% 0.23% 1.27% 2.88% 828 McGregor 10.55% 0.00% 0.79% 0.05% -0.06% -0.19% 0.08% -0.39% 0.28% 10.83% 830 McKinney 15.18% 0.00% -0.01% 0.06% -0.09% -0.17% 0.10% 0.23% 0.12% 15.30% Page 9 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 832 McLean 1.58% 0.00% 0.88% 0.07% -0.12% -0.01% -0.38% -0.07% 0.37% 1.95% 833 McLendon - Chisholm 8.41% 0.00% 0.50% 0.00% 0.13% 0.03% 1.24% -0.66% 1.24% 9.65% 831 Meadowlakes 1.30% 0.00% 0.58% 0.02% -0.02% 0.03% 0.04% 0.33% 0.98% 2.28% 835 Meadows Place 5.92% 0.08% 1.44% 0.07% -0.08% 0.01% 0.41% 0.33% 2.26% 8.18% 837 Melissa 7.07% 0.00% 0.94% 0.02% 0.07% - 0.06% - 0.17% 0.02% 0.82% 7.89% 1501 Memorial Villages PD 9.30% 0.00% 1.06% 0.05% -0.01% 0.08% 0.37% -0.01% 1.54% 10.84% 840 Memphis 4.93% 0.00% 0.54% 0.08% -0.07% 0.00% 0.07% -1.26% -0.64% 4.29% 842 Menard 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 844 Mercedes 19.09% 0.00% 0.40% 0.06% -0.02% 0.06% 0.13% -0.62% 0.01% 19.10% 846 Meridian 2.26% 0.00% 0.89% 0.04% 0.00% 0.05% - 0.08% -0.06% 0.84% 3.10% 848 Merkel 13.33% 0.00% 0.60% 0.05% -0.06% -0.26% -0.01% -0.42% -0.10% 13.23% 852 Mertzon 8.48% 0.00% 0.89% 0.02% 0.07% 1.66% 0.78% -0.13% 3.29% 11.77% 854 Mesquite 10.14% 0.15% 1.64% 0.09% -0.02% 0.02% -0.06% 0.05% 1.87% 12.01% 856 Mexia 11.80% 0.00% 0.82% 0.06% 0.01% 0.06% - 0.12% -0.10% 0.73% 12.53% 860 Midland 15.02% 0.00% 0.67% 0.09% -0.06% - 0.42% - 0.19% -0.25% -0.16% 14.86% 862 Midlothian 14.05% 0.00% 0.36% 0.05% -0.04% -0.11% 0.02% 0.26% 0.54% 14.59% 863 Milano 4.09% 0.00% 0.45% 0.00% 0.37% 0.10% 0.22% 0.29% 1.43% 5.52% 864 Miles 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 865 Milford 8.28% 0.00% 1.44% 0.08% 0.03% -0.14% 0.01% 0.08% 1.50% 9.78% 868 Mineola 3.53% 0.00% 0.70% 0.06% -0.04% 0.03% - 0.06% 0.16% 0.85% 4.38% 870 Mineral Wells 8.85% 0.00% 0.67% 0.06% -0.02% 0.02% -0.05% -0.60% 0.08% 8.93% 874 Mission 7.86% 0.00% 0.60% 0.04% 0.01% 0.00% - 0.02% -0.05% 0.58% 8.44% 875 Missouri City 5.40% 0.39% 1.43% 0.07% -0.23% -0.03% -0.04% 0.07% 1.66% 7.06% 876 Monahans 8.93% 0.00% 0.29% 0.06% -0.05% -0.11% - 0.05% -0.95% -0.81% 8.12% 887 Mont Belvieu 15.93% 0.00% 0.90% 0.06% -0.02% -0.31% - 0.33% 0.04% 0.34% 16.27% 877 Montgomery 4.13% 0.00% 0,91% 0.02% -0.03% 0.09% 0.79% -0.02% 1.76% 5.89% 878 Moody 2.69% 0.00% 0.53% 0.04% 0.00% -0.16% -0.05% -0.04% 0.32% 3.01% 883 Morgan's Point 9.65% 0.00% 1.36% 0.09% 0.10% -0.02% - 0.52% -0.80% 0.21% 9.86% 882 Morgan's Point Resort 11.68% 0.00% 0.83% 0.05% 0.05% -0.15% 0.13% -0.06% 0.85% 12.53% 884 Morton 4.54% 0.00% 0.67% 0.10% -0.25% 0.03% -0.11% -0.03% 0.41% 4.95% 886 Moulton 6.68% 0.00% 0.16% 0.09% -0.02% -0.04% 0.14% 0.06% 0.39% 7.07% 890 Mount Enterprise 1.91% 0.00% 1.19% 0.09% -0.08% 0.00% -0.01% -0.21% 0.98% 2.89% 892 Mt. Pleasant 15.35% 0.00% 0.39% 0.07% -0.04% -0.08% 0.04% -0.25% 0.13% 15.48% 894 Mt. Vernon 10.19% 0.00% 0.87% 0.06% 0.01% 0.17% 0.03% 0.09% 1.23% 11.42% 896 Muenster 0.49% 0.00% 0.85% 0.05% -0.05% - 0.03% 0.03% -0.25% 0.60% 1.09% 898 Muleshoe 15.89% 0.00% 0.58% 0.10% -0.06% 0.00% -1.01% 0.09% -0.30% 15.59% 901 Munday 3.33% 0.00% 0.76% 0.03% -0.30% 0.29% -0.23% 0.00% 0.55% 3.88% 903 Murphy 13.76% 0.00% 0.15% 0.05% - 0.05% -0.11% 0.61% 0.00% 0.65% 14.41% 10904 Nacogdoches 13.93% 0.00% 1.08% 0.08% -0.02% 0.14% - 0.12% -0.21% 0.95% 14.88% 906 Naples 1.93% 0.00% 0.68% 0.03% -0.02% -0.05% 0.01% 0.12% 0.77% 2.70% 907 Nash 4.58% 0.00% 1.19% 0.03% 0.01% 0.02% 0.37% 0.16% 1.78% 6.36% 905 Nassau Bay 15.25% 0.00% 0.37% 0.04% -0.01 % -0.07% 0.07% 0.03% 0.43% 15.68% 909 Natalia 2.32% 0.00% 0.43% 0.02% -0.02% 0.02% 0.01% 0.19% 0.65% 2.97% 908 Navasota 7.49% 0.00% 0.88% 0.05% -0.03% -0.09% - 0.05% 0.19% 0.95% 8.44% 910 Nederland 5.42% 0.00% 1.17% 0.12% -0.06% 0.09% 0.01% -0.12% 1.21% 6.63% 912 Needville 3.26% 0.00% 0.69% 0.07% -0.10% 0.02% 0.02% -0.12% 0.58% 3.84% 914 New Boston 2.34% 0.00% 0.27% 0.05% -0.02% -0.07% 0.05% -0.47% -0.19% 2.15% 10916 New Braunfels 17.23% 0.00% -0.12% 0.06% - 0.03% -0.28% - 0.04% 0.12% -0.29% 16.94% 20916 New Braunfels Utilities 12.45% 0.00% 0.61% 0.08% -0.11% -0.25% - 0.05% -0.29% -0.01% 12.44% 915 New Deal 0.00% 0.00% 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.18% 0.18% 923 New Fairview 4.66% 0.00% 2.29% 0.06% 0.00% 1.70% 0.00% 0.52% 4.57% 9.23% 918 New London 5.25% 0.00% 0.36% 0.05% -0.02% 0.08% -0.11% -0.03% 0.33% 5.58% 919 New Summerfield 1.61% 5.91% 1.09% 0.03% 0.56% -0.06% 0.14% 0.39% 8.06% 9.67% 917 New Waverly 5.93% 0.00% 0.78% 0.05% 0.06% 0.00% - 0.02% -1.95% -1.08% 4.85% Page 10 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 913 Newark 3.33% 0.00% 0.39% 0.01% -0.13% -0.68% 0.00% 0.24% -0.17% 3.16% 920 Newton 20.58% 0.00% 0.31% 0.09% -0.04% 0.33% 0.89% -0.93% 0.65% 21.23% 922 Nixon 1.00% 0.00% 0.44% 0.02% -0.01% 0.03% - 0.07% -0.16% 0.25% 1.25% 924 Nocona 9.26% 0.00% 0.41% 0.04% -0.05% 0.04% - 0.16% -0.21% 0.07% 9.33% 925 Nolanville 1.89% 0.00% 0.40% 0.01% 0.02% 0.00% -0.11% -0.03% 0.29% 2.18% 928 Normangee 3.45% 0.00% 0.70% 0.02% -0.02% 0.09% -0.41% -0.37% 0.01% 3.46% 931 North Richland Hills 16.26% 0.00% 0.28% 0.11% 0.02% 0.09% - 0.04% -0.39% 0.07% 16.33% 930 Northlake 9.00% 0.00% 0.93% 0.03% -0.10% -0.16% - 0.09% 0.31% 0.92% 9.92% 935 O'Donnell 6.83% 0.00% 1.34% 0.07% -0.13% 0.61% - 0.29% -0.86% 0.74% 7.57% 936 Oak Point 6.70% 0.00% 1.14% 0.04% -0.07% -0.06% - 0.15% 0.18% 1.08% 7.78% 937 Oak Ridge North 11,71% 0.00% 0.55% 0.05% -0.04% -0.03% -0.05% -0.03% 0.45% 12.16% 942 Odem 6.84% 0.00% 0.78% 0.04% -0.01% -0.19% - 0.06% 0.62% 1.18% 8.02% 944 Odessa 13.39% 0.00% 0.79% 0.09% -0.13% -0.29% -0.04% 0.21% 0.63% 14.02% 945 Oglesby 0.01% 0.00% 0.05% 0.03% -0.01% - 0.05% 0.00% 0.02% 0.04% 0.05% 949 Old River - Winfree 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 950 Olmos Park 1.21% 0.00% 1,11% 0.05% -0,01% 0.01% 0.20% -0,21% 1.15% 2.36% 951 Olney 6.70% 0.00% 0.94% 0.03% 0.00% -0.01% 0.37% 0.08% 1.41% 8.11% 953 Omaha 4.77% 0.00% 0.70% 0.04% -0.01% -0.01% 0.05% -0.38% 0.39% 5.16% 954 Onalaska 1.61% 0.00% 0.60% 0.02% 0.00% 0.04% 0.33% 0.06% 1.05% 2.66% 958 Orange 17.87% 0.00% 0.01% 0.10% -0.03% 0.12% - 0.13% -0.68% -0.61% 17.26% 960 Orange Grove 1.95% 0.00% 0.98% 0.04% -0.18% -0.47% 0.37% -0.63% 0.11% 2.06% 959 Ore City 0.76% 0.00% 0.54% 0.02% -0.01% 0.04% 0.11% -0.07% 0.63% 1.39% 962 Overton 0.92% 0.00% 0.94% 0.04% -0.01% 0.02% 0.20% 0.29% 1.48% 2.40% 961 Ovilla 8.73% 0.00% 0.97% 0.04% -0.01% 0.01% - 0.05% -0.15% 0.81% 9.54% 963 Oyster Creek 9.35% 0.00% 1.34% 0.06% 0.01% 0.10% - 0.02% -0.01% 1.48% 10.83% 964 Paducah 2.48% 0.00% 0.37% 0.00% -0.08% 0.00% -0.02% -2.38% -2.11% 0.37% 966 Palacios 16.82% 0.00% 1.01% 0.05% -0.01% -0.12% 0.35% 0.02% 1.30% 18.12% 968 Palestine 13.93% 0.00% 0.33% 0.06% -0.02% 0.29% - 0.03% -0.38% 0.25% 14.18% 970 Palmer 6.78% 0.00% 0.48% 0.03% -0.04% 0.00% 0.07% -0.38% 0.16% 6.94% 969 Palmhurst 0.84% 4.45% 0.73% 0.01% 0.27% 0.04% - 0.40% -0.33% 4.77% 5.61% 971 Palmview 2.02% 0.00% 0.48% 0.01% -0,01% -0.13% 0.06% -0,11% 0.30% 2.32% 972 Pampa 21.27% 0.00% 0.70% 0.07% -0.07% -0.36% 0.01% -0.07% 0.28% 21.55% 974 Panhandle 13.63% 0.00% 0.45% 0.05% -0.01% -0.01% -0.34% -0.72% -0.58% 13.05% 973 Panorama Village 5.66% 0.00% 1.04% 0.07% 0.00% 0.01% - 0.58% 0.27% 0.81% 6.47% 975 Pantego 16.57% 0.00% 1.16% 0.08% 0.09% 0.15% 0.63% -0.19% 1.92% 18.49% 976 Paris 5.73% 0.00% 1.33% 0.07% -0,01% 0.07% -0.02% -0.20% 1.24% 6.97% 977 Parker 11.20% 0.00% 1.11% 0.04% -0.04% -0.29% 0.19% 0.02% 1.03% 12.23% 978 Pasadena 12.70% 0.00% 1.22% 0.10% - 0.03% -0.01% - 0.05% - 0.27% 0.96% 13.66% 983 Pearland 13.37% 0.00% 0.19% 0.05% -0.04% -0.08% - 0.06% 0.18% 0.24% 13.61% 984 Pearsall 3.29% 0.00% 0.29% 0.03% -0.01% 0.00% - 0.13% -0.20% -0.02% 3.27% 988 Pecos City 5.18% 0.00% 0.66% 0.05% -0.07% 0.04% -0.02% 0.14% 0.80% 5.98% 994 Perryton 14.11% 0.00% 1.03% 0.08% -0.07% -0.15% - 0.09% 0.19% 0.99% 15.10% 1000 Pflugerville 13.64% 0.00% 0.27% 0.05% -0.03% -0.22% -0.21% 0.03% -0.11% 13.53% 1002 Pharr 6.52% 0.00% 1.35% 0.04% -0.03% -0.07% 0.08% 0.12% 1.49% 8.01% 1004 Pilot Point 9.03% 0.00% 0.34% 0.03% -0.11% - 0.15% - 0.29% 0.14% -0.04% 8.99% 1005 Pinehurst 16.14% 0.00% 1.23% 0.06% 0.07% 0.43% 1.62% -0,11% 3.30% 19.44% 1003 Pineland 10.26% 0.00% 0.58% 0.09% -0.05% 0.37% 0.05% -1.08% -0.04% 10.22% 1001 Piney Point Village 6.69% 0.00% 0.81% 0.03% 0.06% 0.01% 0.00% 0.28% 1.19% 7.88% 1006 Pittsburg 15.35% 0.00% 1.57% 0.08% -0.09% -0.27% 0.16% -0.38% 1.07% 16.42% 1007 Plains 5.74% 0.00% 1.30% 0.09% -0.26% -0.04% 0.42% 0.11% 1.62% 7.36% 1008 Plainview 13.78% 0.00% 0.94% 0.09% -0.13% -0.20% 0.13% -0.42% 0.41% 14.19% 1010 Plano 17.44% 0.00% 0.26% 0.09% -0.04% -0.07% - 0.07% -0.29% -0.12% 17.32% 1012 Pleasanton 16.28% 0.00% 0.64% 0.04% -0.09% -0.14% - 0.37% -0.04% 0.04% 16.32% 1013 Point 5.84% 7.34% 1.28% 0.03% 0.53% -0.51% - 0.20% -1.32% 7.15% 12.99% Page 11 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 1017 Ponder 5.29% 0.00% 0.97% 0.04% -0,01% -0.02% 0.08% 0.12% 1.18% 6.47% 1014 Port Aransas 12.22% 0.00% 0.58% 0.03% -0.10% -0.26% -0.08% -0.62% -0.45% 11.77% 11016 Port Arthur 13.61% 0.00% 0.35% 0.08% -0.04% 0.02% - 0.02% -0.37% 0.02% 13.63% 1018 Port Isabel 3.65% 0.00% 0.73% 0.03% 0.01% - 0.02% 0.00% -0.51% 0.24% 3.89% 1020 Port Lavaca 5.68% 0.00% 0.64% 0.04% -0.05% - 0.05% - 0.03% -0.21% 0.34% 6.02% 1022 Port Neches 11.56% 0.04% 0.85% 0.10% -0.07% -0.12% -0.27% 0.00% 0.53% 12.09% 1019 Portland 14.30% 0.00% 0.16% 0.06% -0.03% -0.17% 0.33% -0.15% 0.20% 14.50% 1024 Post 10.08% 0.00% 0.86% 0.06% -0.22% -0.26% 0.04% 0.18% 0.66% 10.74% 1026 Poteet 0.72% 0.00% 0.68% 0.04% -0.03% -0.09% 0.18% 0.15% 0.93% 1.65% 1028 Poth 3.49% 0.00% 0.73% 0.03% 0.04% 0.03% - 0.05% 0.00% 0.78% 4.27% 1030 Pottsboro 5,71% 0.00% 0.89% 0.02% 0.09% 0.01% 0.01% 0.04% 1.06% 6.77% 1032 Premont 0.02% 0.00% 0.59% 0.03% 0.00% -0.05% 0.06% 0.06% 0.69% 0.71% 1029 Presidio 0.44% 0.00% 0.48% 0.02% -0.14% 0.00% 0.04% 0.09% 0.49% 0.93% 1033 Primera 0.33% 0.00% 0.47% 0.02% 0.01% 0.00% - 0.07% 0.02% 0.45% 0.78% 1034 Princeton 10.61% 0.00% 0.43% 0.04% -0.06% - 0.04% - 0.09% -0.23% 0.05% 10.66% 1036 Prosper 13.38% 0.00% 0.08% 0.03% 0.02% -0.20% 0.31% 0.35% 0.59% 13.97% 1042 Quanah 9.94% 0.00% 0.63% 0.08% -0.22% 0.26% - 0.09% -0.61% 0.05% 9.99% 1045 Queen City 1.45% 0.00% 0.53% 0.02% -0.01% -0.02% - 0.03% 0.02% 0.51% 1.96% 1044 Quinlan 10.48% 0.00% 0.74% 0.01% -0.10% -0.06% - 0.15% -0.79% -0.35% 10.13% 1047 Quintana 1.33% 0.00% 0.87% 0.04% -0.09% -0.06% 0.10% 0.41% 1.27% 2.60% 1046 Quitaque 4.40% 0.00% 1.15% 0.07% -0.02% 0.00% 0.01% 0.12% 1.33% 5.73% 1048 Quitman 8.10% 0.00% 0.52% 0.07% -0.04% -0.20% 0.01% 0.16% 0.52% 8.62% 1050 Rails 7.22% 0.00% 0.76% 0.07% -0.08% -0.20% -0.20% -0.46% -0.11% 7.11% 1051 Rancho Viejo 6.23% 0.00% 1.25% 0.09% -0.07% 0.02% 0.00% -0.11% 1.18% 7.41% 1052 Ranger 8.78% 0.00% 0.50% 0.04% -0.01% 0.01% - 0.38% -0.84% -0.68% 8.10% 1054 Rankin 1.07% 0.00% 0.65% 0.05% -0.07% -0.10% 0.08% -0.48% 0.13% 1.20% 1055 Ransom Canyon 14.40% 0.00% 1.01% 0.05% 0.02% 0.12% 0.18% -0.45% 0.93% 15.33% 1058 Raymondville 0.48% 0.00% 1.66% 0.03% -0.04% 0.03% - 0.13% -0.24% 1.31% 1.79% 1061 Red Oak 5.31% 0.00% 0.88% 0.03% 0.02% -0.06% - 0.09% 0.08% 0.86% 6.17% 1062 Redwater 3.39% 0.00% 0.76% 0.03% 0.03% 0.03% 0.08% 0.03% 0.96% 4.35% 1064 Refugio 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1065 Reklaw 16.34% 0.00% 2.02% 0.12% -027% -1.05% 0.09% 0.54% 1.45% 17.79% 1066 Reno (Lamar County) 3.18% 0.00% 0.58% 0.03% 0.00% -0.03% -0.08% 0.02% 0.52% 3.70% 1069 Reno (Parker County) 2.52% 0.00% 0.42% 0.01% -0.03% 0.04% 0.17% 0.09% 0.70% 3.22% 1067 Rhome 6.13% 0.00% 1.20% 0.04% 0.13% 0.00% - 0.54% -0.06% 0.77% 6.90% 1068 Rice 0.32% 0.00% 0,41% 0.02% -0.04% 0.14% 0.05% 0.03% 0.61% 0.93% 1070 Richardson 13.32% 0.00% 1.37% 0.09% 0.00% 0.00% -0.05% -0.15% 1.26% 14.58% 1073 Richland Hills 16.16% 0.00% 0.48% 0.10% - 0.06% -0.07% 0.11% - 0.58% -0.02% 16.14% 1074 Richland Springs 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1076 Richmond 13.21% 0.00% 0.51% 0.10% -0.11% -0.15% 0.27% 0.10% 0.72% 13.93% 1077 Richwood 11.00% 0.00% 0.51% 0.05% -0.09% -0.23% 0.24% -0.24% 0.24% 11.24% 1072 Riesel 5.57% 0.00% 0.86% 0.02% 0.01% -0.08% 0.12% 0.05% 0.98% 6.55% 1075 Rio Grande City 7.26% 0.00% 0.25% 0.02% -0.04% -0.08% 0.01% -0.23% -0.07% 7.19% 1079 Rio Vista 4.97% 0.00% 0.81% 0.03% -0.17% 0.03% - 0.09% -1.51% -0.90% 4.07% 1080 Rising Star 0.00% 0.00% 0.19% 0.00% 0.00% 0.00% 0.00% 0.00% 0.19% 0.19% 1082 River Oaks 15.50% 0.00% 0.52% 0.07% 0.04% 0.43% -0.03% -1.82% -0.79% 14.71% 1084 Roanoke 16.52% 0.00% 0.00% 0.05% -0.09% -0.23% -0.11% 0.75% 0.37% 16.89% 1088 Robert Lee 5.72% 0.00% 1.17% 0.04% - 0.08% -0.15% -0.01% 0.20% 1.17% 6.89% 1089 Robinson 13.17% 0.00% 1.14% 0.05% -0.04% -0.16% 0.33% 0.19% 1.51% 14.68% 21090 Robstown 6.10% 0.00% 0.46% 0.04% -0.04% -0.10% -0.01% -0.04% 0.31% 6.41% 11090 Robstown Utility Systems 16.53% 0.00% 0.30% 0.08% -0.06% 0.02% -0.03% 0.03% 0.34% 16.87% 1092 Roby 2.08% 0.00% 1.50% 0.09% 0.09% 0.10% 0.18% 0.35% 2.31% 4.39% 1096 Rockdale 9.65% 0.00% 0.36% 0.04% 0.00% 0.08% -0.01% -0.22% 0.25% 9.90% 1098 Rockport 15.20% 0.00% 0.63% 0.07% -0.08% -0.29% - 0.16% -0.32% -0.15% 15.05% Page 12 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 1100 Rocksprings 0.00% 0.00% 0.68% 0.04% 0.00% 0.38% 0.00% 0.90% 2.00% 2.00% 1102 Rockwall 16.22% 0.00% 0.07% 0.06% -0.05% -0.09% 0.05% -0.09% -0.05% 16.17% 1104 Rogers 4.35% 0.00% 0.94% 0.05% -0.03% 0.14% - 0.20% 0.11% 1.01% 5.36% 1105 Rollingwood 8.38% 0.00% 0.87% 0.05% 0.08% 0.00% - 0.22% 0.21% 0.99% 9.37% 1106 Roma 10.51% 0.00% 0.55% 0.05% -0.06% - 0.22% - 0.03% 0.09% 0.38% 10.89% 1109 Roscoe 1.23% 0.00% 0.75% 0.05% -0.07% 0.08% -0.10% 0.03% 0.74% 1.97% 1112 Rosebud 1.34% 0.00% 0.35% 0.01% -0.01% 0.00% 0.00% 0.14% 0.49% 1.83% 1114 Rosenberg 13.48% 0.00% 0.07% 0.06% -0.10% -0.33% -0.21% 0.17% -0.34% 13.14% 1116 Rotan 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1118 Round Rock 15.40% 0.00% 0.30% 0.08% -0.06% -0.13% 0.00% -0.04% 0.15% 15.55% 1119 Rowlett 12.42% 0.00% 0.68% 0.08% -0.05% -0.08% -0.13% 0.08% 0.58% 13.00% 1120 Royse City 12.52% 0.00% 0.63% 0.03% -0.14% -0.14% 0.32% 0.21% 0.91% 13.43% 1122 Rule 8.00% 0.00% 1.85% 0.15% 0.03% -0.64% -0.70% 0.19% 0.88% 8.88% 1123 Runaway Bay 2.20% 0.00% 0.41% 0.02% 0.01% - 0.06% - 0.27% 0.02% 0.13% 2.33% 1124 Runge 14.96% 0.00% 1.18% 0.09% 0.18% 1.94% 0.25% -0.29% 3.35% 18.31% 1126 Rusk 5.69% 0.00% 0,41% 0.05% -0.04% -0.02% 0.26% 0.31% 0.97% 6.66% 1128 Sabinal 2.68% 0.00% 0.61% 0.04% 0.00% -0.01% - 0.08% -0.11% 0.45% 3.13% 1129 Sachse 13.42% 0.00% 0.45% 0.05% -0.02% -0.07% 0.23% -0.01% 0.63% 14.05% 1131 Saginaw 17.85% 0.00 % -0.08% 0.06% 0.01% -0.13% - 0.04% -0.12% -0.30% 17.55% 1130 Saint Jo 5.55% 0.00% 0.39% 0.04% -0.05% 0.01% - 0.07% -0.24% 0.08% 5.63% 1133 Salado 6.98% 0.00% 0.37% 0.03% -0.25% -0.04% 0.10% 0.14% 0.35% 7.33% 1132 San Angelo 17.09% 0.00% 0.82% 0.08% -0.08% -0.32% 0.04% 0.05% 0.59% 17.68% 21136 San Antonio 10.36% 0.11% 1.04% 0.06% -0.05% -0.17% -0.01% 0.01% 0.99% 11.35% 11136 San Antonio Water System 3.69% 0.00% 0.10% 0.03% -0.02% -0.02% -0.01% -0.10% -0.02% 3.67% 1138 San Augustine 10.19% 0.00% 1.03% 0.06% -0.01% 0.32% - 0.08% -0.49% 0.83% 11.02% 1140 San Benito 4.90% 0.00% 0.86% 0.03% 0.01% 0.05% -0.14% -0.08% 0.73% 5.63% 1144 San Felipe 3.57% 0.00% 1.07% 0.05% -0.20% -0.17% -0.06% -0.26% 0.43% 4.00% 1148 San Juan 1.76% 0.00% 0.74% 0.02% 0.00% 0.00% 0.09% 0.03% 0.88% 2.64% 1150 San Marcos 17.49% 0.00% 0.56% 0.07% -0.05% -0.24% -0.11% -0.22% 0.01% 17.50% 1152 San Saba 8.05% 0.00% 0.48% 0.04% 0.03% 0.09% 0.13% -0.28% 0.49% 8.54% 1146 Sanger 7.13% 0.00% 0.82% 0.05% 0.00% -0.02% 0.05% -0.16% 0.74% 7.87% 1153 Sansom Park 6.18% 0.00% 0.54% 0.03% 0.16% 0.01% - 0.14% -0.11% 0.49% 6.67% 1155 Santa Fe 12.31% 0.00% 0.19% 0.05% -0.02% -0.03% 0.07% -0.50% -0.24% 12.07% 1158 Savoy 0.83% 0.00% 0.00% 0.00% -0.01% 0.00% - 0.82% 0.00% -0.83% 0.00% 1159 Schertz 15.94% 0.00% 0.11% 0.05% -0.01% - 0.04% - 0.25% 0.07% -0.07% 15.87% 1160 Schulenburg 21.32% 0.00% 0.62% 0.10% 0.15% 1.09% -0.10% -0.62% 1.24% 22.56% 1161 Seabrook 13.72% 0.00% 1.29% 0.08% 0.02% 0.09% 0.01% 0.16% 1.65% 15.37% 1162 Seadrift 3.94% 0.00% 0.82% 0.04% - 0.03% -0.34% 0.00% 0.18% 0.67% 4.61% 1164 Seagoville 9.53% 0.00% 1.12% 0.06% -0.06% -0.13% - 0.19% 0.30% 1.10% 10.63% 1166 Seagraves 10.09% 0.00% 0.56% 0.04% -0.21% -0.40% - 0.06% -0.26% -0.33% 9.76% 1167 Sealy 15.03% 0.00% 0.89% 0.07% -0.02% -0.07% -0.16% -0.67% 0.04% 15.07% 1168 Seguin 15.25% 0.10% 0.93% 0.07% -0.06% -0.32% -0.01% 0.08% 0.79% 16.04% 1169 Selma 15.04% 0.00% 0.13% 0.04% -0.04% -0.16% - 0.60% 0.25% -0.38% 14.66% 1170 Seminole 13.53% 0.00% 1.08% 0.08% -0.11% -0.38% 0.09% -1.48% -0.72% 12.81% 1171 Seven Points 5.76% 0.00% 0.54% 0.04% 0.17% - 0.23% 0.06% -0.53% 0.05% 5.81% 1172 Seymour 7.36% 0.00% 0.45% 0.08% 0.02% 0.14% 0.10% -0.17% 0.62% 7.98% 1165 Shady Shores 1.10% 0.00% 0.35% 0.02% 0.02% 0.25% 0.06% 0.27% 0.97% 2.07% 1177 Shallowater 2.84% 0.00% 0.68% 0.04% - 0.02% 0.03% 0.11% - 0.23% 0.61% 3.45% 1174 Shamrock 8.06% 0.00% 0.16% 0.03% -0.10% -0.71% 0.03% -0.33% -0.92% 7.14% 1173 Shavano Park 13.39% 0.00% 0.51% 0.05% -0.02% -0.03% - 0.25% -0.04% 0.22% 13.61% 1175 Shenandoah 17.44% 0.00% 0.34% 0.04% 0.05% -0.27% -0.04% 0.20% 0.32% 17.76% 1181 Shepherd 2.32% 0.00% 0.95% 0.03% 0.01% 0.23% - 0.24% -0.72% 0.26% 2.58% 1176 Sherman 13.29% 0.00% 0.96% 0.08% -0.02% 0.02% 0.04% -0.21% 0.87% 14.16% 1178 Shiner 7.22% 0.00% 0.13% 0.05% -0.05% -0.20% 0.04% 0.21% 0.18% 7.40% Page 13 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 1179 Shoreacres 5.20% 0.00% 0.55% 0.04% 0.00% 0.02% 0.25% -0,41% 0.45% 5.65% 1180 Silsbee 17.38% 0.00% 0.52% 0.08% 0.00% 0.24% 0.01% 0.06% 0.91% 18.29% 1182 Silverton 1.21% 0.00% 0.55% 0.18% -0.35% 1.00% 0.34% 0.02% 1.74% 2.95% 1184 Sinton 12.40% 0.00% 1.04% 0.05% -0.12% - 0.59% - 0.25% 0.10% 0.23% 12.63% 1185 Skellytown 0.76% 0.00% 0.64% 0.03% 0.05% 0.09% - 0.08% 0.17% 0.90% 1.66% 1186 Slaton 6.01% 0.00% 1.32% 0.06% -0.06% 0.01% -0.08% -0.65% 0.60% 6.61% 1188 Smithville 5.95% 0.00% 0.51% 0.04% -0.05% -0.04% 0.04% 0.07% 0.57% 6.52% 1189 Smyer 8.00% 0.00% 1.85% 0.13% -0.01% -0.37% 0.48% 0.30% 2.38% 10.38% 1190 Snyder 16.11% 0.00% 0.77% 0.08% -0.09% -0.30% - 0.24% -0.56% -0.34% 15.77% 1191 Somerset 2.90% 0.00% 0.58% 0.02% -0.03% -0.01% 0.05% -0.28% 0.33% 3.23% 1192 Somerville 5.40% 0.00% 0.33% 0.03% -0,01% 0.00% -0.05% -0.30% 0.00% 5.40% 1194 Sonora 8.86% 0.00% 0.29% 0.04% 0.02% -0.02% - 0.17% -0.06% 0.10% 8.96% 1196 Sour Lake 0.00% 3.77% 1.05% 0.03% 0.23% 0.13% 0.80% -0.26% 5.75% 5.75% 1198 South Houston 10.94% 0.00% 0.31% 0.07% -0.06% - 0.03% 0.03% -0.12% 0.20% 11.14% 1199 South Padre Island 12.46% 0.00% 0.37% 0.06% 0.01% 0.00% - 0.23% -0.18% 0.03% 12.49% 1197 Southlake 11.50% 0.00% 0.70% 0.06% -0.02% -0.05% -0.09% 0.04% 0.64% 12.14% 1202 Southside Place 10.62% 0.00% 0.78% 0.06% -0.15% -0.27% 0.02% 0.63% 1.07% 11.69% 1204 Spearman 12.60% 0.00% 0.88% 0.08% -0.09% -0.17% - 0.39% -0.41% -0.10% 12.50% 1205 Spring Valley Village 6.07% 0.00% 1.33% 0.07% -0.06% -0.01% 0.08% 0.02% 1.43% 7.50% 1203 Springtown 9.97% 0.00% 0.57% 0.05% 0.00% -0.02% 0.02% -0.84% -0.22% 9.75% 1206 Spur 5.13% 0.00% 0.88% 0.07% 0.00% 0.03% -0.07% 0.01% 0.92% 6.05% 1207 Stafford 14.51% 0.00% 0.52% 0.07% -0.08% -0.25% 0.03% 0.24% 0.53% 15.04% 1208 Stamford 5.01% 0.00% 0.47% 0.06% -0.03% -0.10% 0.31% -0.36% 0.35% 5.36% 1210 Stanton 7.57% 0.00% 0.39% 0.05% -0.06% -0.30% 0.00% 0.49% 0.57% 8.14% 1211 Star Harbor 9.27% 0.00% 0.63% 0.10% -0.08% - 0.23% - 0.22% 0.04% 0.24% 9.51% 1212 Stephenville 14.19% 0.00% 0.48% 0.08% -0.04% -0.04% -0.13% -0.25% 0.10% 14.29% 1213 Sterling City 0.39% 0.00% 0.78% 0.04% 0.00% 0.01% 0.06% 0.14% 1.03% 1.42% 1214 Stinnett 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1216 Stockdale 4.09% 0.00% 0.41% 0.00% -0.02% -0.11% - 0.08% 0.11% 0.31% 4.40% 1218 Stratford 7.30% 0.00% 0.16% 0.03% -0.18% -0.10% - 0.17% -0.69% -0.95% 6.35% 1224 Sudan 2,91% 0.32% 0.81% 0.05% -0,01% -0.23% 0.11% 0.05% 1.10% 4.01% 1225 Sugar Land 14.71% 0.00% -0.34% 0.09% -0.09% -0.22% 0.21% 0.49% 0.14% 14.85% 1226 Sulphur Springs 5.37% 0.38% 1.38% 0.08% -0.03% -0.05% -0.01% -0.19% 1.56% 6.93% 1228 Sundown 10.01% 0.00% 1.43% 0.08% -0.09% -0.03% 0.01% -0.62% 0.78% 10.79% 1229 Sunnyvale 12.19% 0.00% 0.25% 0.05% -0.09% - 0.32% -0.11% -0.01% -0.23% 11.96% 1230 Sunray 18.93% 0.00% 0.34% 0.07% -0.06% 0.02% 0.57% -0.35% 0.59% 19.52% 1227 Sunrise Beach Village 0.98% 0.00% 0.39% 0.01% -0.02% 0.04% 0.09% 0.05% 0.56% 1.54% 1231 Sunset Valley 11.20% 0.00% 0.66% 0.05% - 0.02% -0.03% 0.15% 0.22% 1.03% 12.23% 1233 Surfside Beach 0.66% 0.00% 0.42% 0.01% -0.01% -0.08% - 0.15% -0.01% 0.18% 0.84% 1232 Sweeny 17.26% 0.00% 0.41% 0.07% 0.00% -0.24% - 0.03% 0.37% 0.58% 17.84% 1234 Sweetwater 18.15% 0.00% 0.38% 0.08% -0.13% -0.39% 0.01% -0.32% -0.37% 17.78% 1264 TMRS 16.75% 0.00% 0.44% 0.07% -0.17% -0.58% - 0.09% 0.14% -0.19% 16.56% 1236 Taft 11.95% 0.00% 1.52% 0.03% 0.12% 0.77% - 0.06% 0.14% 2.52% 14.47% 1238 Tahoka 0.00% 0.00% 0.40% 0.00% 0.00% 0.00% 0.00% 0.00% 0.40% 0.40% 1241 Tatum 2.09% 0.00% 0.43% 0.02% 0.01% - 0.04% - 0.16% -0.23% 0.03% 2.12% 1246 Taylor 12.20% 0.00% 0.13% 0.06% -0.04% -0.04% -0.03% -0.38% -0.30% 11.90% 1248 Teague 12.06% 0.00% 0.95% 0.05% -0.08% -0.06% -0.51% -0.31% 0.04% 12.10% 1252 Temple 15.85% 0.00% 0.46% 0.08% - 0.07% -0.15% 0.09% 0.10% 0.51% 16.36% 1254 Tenaha 0.51% 0.00% 0.47% 0.00% -0.01% 0.00% 0.12% -0.62% -0.04% 0.47% 1256 Terrell 17.15% 0.00% 0.27% 0.09% -0.03% -0.27% - 0.27% -0.59% -0.80% 16.35% 1258 Terrell Hills 12.66% 0.00% 0.22% 0.07% -0.02% 0.00% -0.07% -1.14% -0.94% 11.72% 31263 Tex Municipal League IEBP 3.96% 0.11% 1.27% 0.05% 0.00% 0.00% 0.03% -0.02% 1.44% 5.40% 21263 Tex Municipal League IRP 9.36% 0.97% 0.89% 0.12% -0.15% 0.00% 0.01% 0.18% 2.02% 11.38% 21260 Texarkana 15.48% 0.00% 0.74% 0.08% -0.02% 0.05% - 0.10% -0.41% 0.34% 15.82% Page 14 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 11260 Texarkana Police Dept 16.76% 0.00% -0.22% 0.11% 0.01% 0.21% -0.01% -0.74% -0.64% 16.12% 31260 Texarkana Water Utilities 15.83% 0.00% 0.82% 0.07% 0.01% 0.23% 0.02% -0.78% 0.37% 16.20% 1262 Texas City 16.67% 0.00% 0.56% 0.11% -0.06% 0.03% 0.03% -0.50% 0.17% 16.84% 11263 Texas Municipal League 15.63% 0.00% 0.57% 0.10% 0.00% - 0.23% - 0.05% 0.13% 0.52% 16.15% 1265 Texhoma 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1267 The Colony 12.06% 0.00% 0.77% 0.07% -0.07% -0.10% 0.09% 0.25% 1.01% 13.07% 1269 Thompsons 2.84% 0.00% 1.00% 0.06% -0.02% -0.02% -0.01% 0.13% 1.14% 3.98% 1268 Thorndale 5.70% 0.00% 0.83% 0.05% -0.08% 0.00% 0.33% 0.16% 1.29% 6.99% 1272 Thrall 5.53% 1.80% 0.60% 0.01% 0.15% -0.05% 0.03% 0.00% 2.54% 8.07% 1274 Three Rivers 5.14% 0.00% 0.40% 0.03% -0.04% -0.14% - 0.06% 0.09% 0.28% 5.42% 1276 Throckmorton 6.54% 0.00% -0.25% 0.06% -0,01% 0.07% -0.01% -0.07% -0.21% 6.33% 1277 Tiki Island 2.62% 0.00% 0.86% 0.04% -0.03% -0.06% - 0.19% 0.32% 0.94% 3.56% 1278 Timpson 2.22% 0.00% 0.69% 0.04% -0.01% -0.01% -0.03% -0.29% 0.39% 2.61% 1280 Tioga 0.50% 0.00% 0.57% 0.02% 0.00% 0.04% - 0.08% -0.28% 0.27% 0.77% 1283 Tolar 7.37% 0.00% 1.43% 0.09% 0.14% - 0.10% - 0.18% 0.37% 1.75% 9.12% 1286 Tom Bean 2.00% 0.00% 0.44% 0.01% -0,01% 0.01% 0.00% -1.37% -0.92% 1.08% 1284 Tomball 13.30% 0.00% 0.21% 0.05% -0.05% -0.13% 0.07% 0.14% 0.29% 13.59% 1290 Trent 6.87% 0.00% 1.87% 0.11% 0.00% -0.03% 0.01% 0.36% 2.32% 9.19% 1292 Trenton 3.74% 0.00% 0.83% 0.03% 0.01% -0.11% 0.22% 0.10% 1.08% 4.82% 1293 Trinidad 3.72% 0.00% 1.20% 0.05% 0.06% 0.42% 0.15% -0.36% 1.52% 5.24% 1294 Trinity 6.64% 0.61% 0.34% 0.02% 0.06% -0.03% 0.32% -0.06% 1.26% 7.90% 1295 Trophy Club 12.63% 0.00% 0.95% 0.06% -0.14% 0.00% - 0.13% -024% 0.50% 13.13% 1296 Troup 5.66% 0.00% 0.22% 0.02% 0.04% -0.02% -0.23% 0.15% 0.18% 5.84% 1297 Troy 9.18% 2.29% 1.08% 0.03% -0.03% -0.58% 0.42% 0.17% 3.38% 12.56% 1298 Tulia 11.62% 0.00% 0.40% 0.09% -0.04% 0.09% 0.25% -0.50% 0.29% 11.91% 1299 Turkey 5.19% 0.00% 0.64% 0.05% -0.47% -0.80% -0.03% 0.31% -0.30% 4.89% 1301 Tye 6.56% 0.00% 0.82% 0.03% -0.04% -0.27% 0.48% 0.22% 1.24% 7.80% 1304 Tyler 20.63% 0.00% 0.46% 0.10% -0.04% -0.42% 0.09% -0.07% 0.12% 20.75% 1305 Universal City 18.45% 0.00% 0.56% 0.06% -0.03% -0.06% 0.17% -0.08% 0.62% 19.07% 1306 University Park 5.55% 0.00% 1.61% 0.09% -0.03% 0.00% 0.06% -0.05% 1.68% 7.23% 1308 Uvalde 5.96% 0.00% 0.16% 0.04% -0.03% -0.05% 0.22% -0.13% 0.21% 6.17% 1313 Valley View 2.34% 0.00% 0.47% 0.01% -0.02% 0.32% - 0.60% -0.10% 0.08% 2.42% 1314 Van 7.57% 0.00% 0.76% 0.03% 0.11% 0.01% -0.15% -0.50% 0.26% 7.83% 1316 Van Alstyne 10.50% 0.00% 0.09% 0.04% 0.06% 0.12% - 0.20% -0.13% -0.02% 10.48% 1318 Van Horn 7.65% 0.00% 0.53% 0.07% -0.09% 0.02% -0.01% 0.23% 0.75% 8.40% 1320 Vega 21.27% 0.00% 0.94% 0.13% -0.23% -0.24% 0.90% 0.32% 1.82% 23.09% 1324 Venus 11.05% 0.00% 0.49% 0.04% -0.15% -0.01% 0.03% -1.10% -0.70% 10.35% 1326 Vernon 17.80% -6.11% 1.66% 0.06% - 0.23% 0.68% -0.21% - 0.34% -4.49% 13.31% 1328 Victoria 16.68% 0.00% 0.28% 0.08% -0.09% -0.35% 0.02% -0.13% -0.19% 16.49% 1329 Vidor 15.55% 0.00% 0.33% 0.08% -0.04% 0.00% 0.22% -0.12% 0.47% 16.02% 1500 Village Fire Department 6.70% 0.00% 1.45% 0.08% -0,01% 0.02% 0.06% 0.04% 1.64% 8.34% 1330 Waco 12.96% 0.00% 1.15% 0.07% 0.01% 0.09% - 0.06% -026% 1.00% 13.96% 1332 Waelder 1.85% 0.00% 0.62% 0.03% 0.01% 0.01% 0.04% -0.04% 0.67% 2.52% 1334 Wake Village 13.40% 0.00% 0.89% 0.05% 0.08% 0.01% - 0.13% -0.10% 0.80% 14.20% 1336 Waller 3.92% 0.00% 0.74% 0.04% -0.03% 0.01% 0.16% -0.35% 0.57% 4.49% 1337 Wallis 2.35% 0.00% 0.84% 0.04% -0.26% 0.01% 0.03% -0,21% 0.45% 2.80% 1338 Walnut Springs 2.01% 0.00% 1.02% 0.07% -0.03% -0.05% -0.09% 0.09% 1.01% 3.02% 1340 Waskom 6.40% 0.00% 0.43% 0.04% 0.05% 0.15% 0.05% -0.11% 0.61% 7.01% 1341 Watauga 13.16% 0.00% 0.67% 0.07% -0.04% 0.00% 0.01% -0.14% 0.57% 13.73% 1342 Waxahachie 14.83% 0.00% 0.55% 0.08% -0.07% -0.09% 0.03% 0.02% 0.52% 15.35% 1344 Weatherford 12.85% 0.00% 0.72% 0.07% -0.03% -0.03% -0.09% -0.13% 0.51% 13.36% 1345 Webster 16.97% 0.00% 0.04% 0.07% -0.02% 0.05% 0.01% 0.00% 0.15% 17.12% 1346 Weimar 17.36% 0.00% 1.71% 0.09% 0.03% 0.31% 0.15% 0.14% 2.43% 19.79% 1350 Wellington 2.76% 0.00% 1.35% 0.13% 0.00% -0.27% - 0.18% 0.12% 1.15% 3.91% Page 15 of 16 Section 3 TEXAS MUNICIPAL RETIREMENT SYSTEM Changes in Full Retirement Rate from Prior Valuation Report CITY NUMBER CITY NAME 2016 Rates Benefit Changes Assumption & Method Changes Return on AVA Contribution Lag /Phase In Payroll Growth Normal Cost Liability Growth Total Change 2017 Rates 1352 Wells 3.73% 0.00% 0.44% 0.06% 0.04% -0.03% 0.00% -0,51% 0.00% 3.73% 1354 Weslaco 5.97% 0.08% 1.43% 0.05% -0.02% 0.01% 0.27% -0.08% 1.74% 7.71% 1356 West 2.15% 0.00% 0.59% 0.04% -0.29% -0.01% - 0.20% -0.12% 0.01% 2.16% 1358 West Columbia 2.44% 0.00% 0.81% 0.05% -0.04% 0.12% 0.00% -0.29% 0.65% 3.09% 1359 West Lake Hills 16.47% 0.00% 0.53% 0.06% -0.04% 0.09% 0.50% -0.65% 0.49% 16.96% 1361 West Orange 20.22% 0.00% 0.70% 0.09% -0.01% -0.29% -0.01% -0.37% 0.11% 20.33% 1365 West Tawakoni 10.54% 0.00% 1.37% 0.04% 0.01% 0.16% 0.04% -0.55% 1.07% 11.61% 1364 West Univ. Place 12.83% 0.00% 0.89% 0.07% -0.02% -0.22% - 0.38% 0.38% 0.72% 13.55% 1363 Westlake 11.38% 0.00% 0.80% 0.04% -0.12% -0.49% -0.01% 0.45% 0.67% 12.05% 1362 Westover Hills 1.25% 0.00% 0.51% 0.03% 0.00% 0.00% 0.05% 0.00% 0.59% 1.84% 1366 Westworth Village 10.92% 0.00% 0.57% 0.03% -0.02% -0.05% 0.06% -0.19% 0.40% 11.32% 1368 Wharton 6.05% 0.00% 0.15% 0.04% -0.05% -0.04% 0.07% -0.05% 0.12% 6.17% 1370 Wheeler 8.43% 0.00% 0.19% 0.09% -0.30% -0.20% -0.45% -0.46% -1.13% 7.30% 1372 White Deer 7.09% 0.00% 0.44% 0.04% 0.00% - 0.16% 0.15% 0.16% 0.63% 7.72% 1377 White Oak 15.08% 0.00% 0.33% 0.07% 0.03% 0.19% 0.03% -0.39% 0.26% 15.34% 1378 White Settlement 10.52% 0.00% 0.37% 0.06% -0.05% -0.01% -0.15% -0.18% 0.04% 10.56% 1374 Whiteface 2.22% 0.00% 0.73% 0.09% -0.01% -0.19% - 0.53% -0.39% -0.30% 1.92% 1375 Whitehouse 5.11% 0.00% 0.29% 0.04% -0.01% 0.00% - 0.04% 0.06% 0.34% 5.45% 1376 Whitesboro 6.90% 0.00% 0.50% 0.05% -0.01% 0.02% - 0.09% -0.08% 0.39% 7.29% 1380 Whitewright 4.35% 0.00% 0.66% 0.03% -0.02% -0.01% - 0.07% 0.21% 0.80% 5.15% 1382 Whitney 4.08% 0.00% 0.25% 0.02% 0.00% -0.04% -0.01% -0.04% 0.18% 4.26% 1384 Wichita Falls 11.92% 0.00% 0.69% 0.06% -0.05% -0.03% - 0.07% 0.02% 0.62% 12.54% 1386 Willis 9.16% 0.00% 0.89% 0.04% -0.04% -0.09% 0.08% -0.04% 0.84% 10.00% 1387 Willow Park 6.60% 0.00% 0.79% 0.01% -0.16% -0.12% - 0.03% 0.07% 0.56% 7.16% 1388 Wills Point 10.92% 0.00% 0.87% 0.06% 0.01% 0.22% -0.01% 0.24% 1.39% 12.31% 1390 Wilmer 1.92% 0.00% 0.96% 0.04% -0.03% 0.04% 0.18% 0.03% 1.22% 3.14% 1392 Wimberley 2.11% 0.00% 0.50% 0.02% 0.00% 0.01% -0.14% 0.04% 0.43% 2.54% 1393 Windcrest 7.25% 0.00% 0.52% 0.05% 0.01% -0.01% 0.24% -0.29% 0.52% 7.77% 1395 Winfield 1.79% 0.00% 0.57% 0.01% 0.03% 0.05% 0.05% 0.22% 0.93% 2.72% 1396 Wink 5.42% 0.00% 0.97% 0.05% -0.16% 0.10% 0.00% 0.60% 1.56% 6.98% 1398 Winnsboro 9.88% 0.00% 0.35% 0.04% -0.05% -0.09% 0.08% -0.03% 0.30% 10.18% 1399 Winona 7.35% 0.00% 1.59% 0.04% 0.05% -2.97% 0.73% -1.35% -1.91% 5.44% 1400 Winters 9.18% 0.00% 0.85% 0.09% 0.03% 0.17% 0.31% -0.31% 1.14% 10.32% 1403 Wolfforth 11.05% 0.00% 0.36% 0.04% 0.00% 0.09% - 0.02% 0.24% 0.71% 11.76% 1409 Woodcreek 2.92% 0.00% 0.36% 0.02% 0.02% - 0.02% - 0.23% -0.30% -0.15% 2.77% 1404 Woodsboro 0.00% 0.00% 0.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.32% 0.32% 1406 Woodville 15.62% 0.00% 0.98% 0.07% -0.06% -0.36% -0.06% 0.40% 0.97% 16.59% 1407 Woodway 15.68% 0.00% 0.63% 0.08% - 0.06% -0.18% 0.08% 0.35% 0.90% 16.58% 1408 Wortham 4.62% 0.00% 1.06% 0.03% 0.04% -0.07% 0.23% 0.09% 1.38% 6.00% 1410 Wylie 14.75% 0.00% 0.47% 0.05% 0.04% -0.14% - 0.30% 0.10% 0.22% 14.97% 1412 Yoakum 15.08% 0.00% 0.58% 0.08% -0.10% -0.34% 0.00% 0.39% 0.61% 15.69% 1414 Yorktown 0.70% 0.00% 0.65% 0.05% -0.01 % 0.01% - 0.10% 0.12% 0.72% 1.42% 1415 Zavalla 1.77% 0.00% 0.88% 0.04% -0.09% 0.22% - 0.02% 0.29% 1.32% 3.09% Page 16 of 16 SECTION SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 4 Abernathy $778,550 3.17% $24,680 $801,907 3.27% $26,222 6 Abilene $47,481,364 10.02% $4,757,633 $48,905,805 10.58% $5,174,234 7 Addison $18,857,782 9.33% $1,759,431 $19,423,515 9.83% $1,909,332 10 Alamo $4,450,160 7.27% $323,527 $4,583,665 7.39% $338,733 12 Alamo Heights $5,357,195 16.41% $879,116 $5,517,911 16.93% $934,182 14 Alba $210,504 2.45% $5,157 $216,819 2.95% $6,396 16 Albany $586,486 4.41% $25,864 $604,081 4.69% $28,331 17 Aledo $730,291 5.42% $39,582 $752,200 6.42% $48,291 18 Alice $11,220,480 9.33% $1,046,871 $11,557,094 9.46% $1,093,301 19 Allen $43,842,565 13.71% $6,010,816 $45,157,842 13.94% $6,295,003 20 Alpine $2,488,798 0.37% $9,209 $2,563,462 0.87% $22,302 22 Alto $366,282 6.81% $24,944 $374,706 8.39% $31,438 23 Alton $2,607,537 9.08% $236,764 $2,685,763 10.41% $279,588 24 Alvarado $2,406,932 4.46% $107,349 $2,479,140 4.96% $122,965 26 Alvin $10,213,076 16.89% $1,724,989 $10,519,468 17.80% $1,872,465 28 Alvord $312,837 5.74% $17,957 $322,222 6.39% $20,590 30 Amarillo $81,426,759 10.96% $8,924,373 $83,869,562 11.70% $9,812,739 32 Amherst $140,818 6.24% $8,787 $143,634 3.35% $4,812 34 Anahuac $227,060 8.53% $19,368 $231,601 6.36% $14,730 36 Andrews $3,974,334 15.66% $622,381 $4,093,564 15.51% $634,912 38 Angleton $5,942,862 11.91% $707,795 $6,121,148 11.87% $726,580 40 Anna $2,842,304 12.76% $362,678 $2,927,573 13.51% $395,515 41 Annetta $65,376 2.29% $1,497 $67,337 3.38% $2,276 44 Anson $768,281 1.06% $8,144 $791,329 1.23% $9,733 45 Anthony $1,362,600 2.76% $37,608 $1,403,478 3.12% $43,789 48 Aransas Pass $4,263,224 10.87% $463,412 $4,391,121 11.21% $492,245 50 Archer City $761,309 3.43% $26,113 $784,148 4.06% $31,836 51 Argyle $1,428,274 14.99% $214,098 $1,471,122 14.20% $208,899 52 Arlington $164,326,687 14.93% $24,533,974 $169,256,488 15.43% $26,116,276 54 Arp $303,635 1.45% $4,403 $312,744 1.95% $6,099 60 Aspermont $265,880 0.00% $0 $273,856 0.00% $0 62 Athens $6,735,881 21.21% $1,428,680 $6,937,957 21.17% $1,468,765 64 Atlanta $1,523,295 4.10% $62,455 $1,561,377 4.27% $66,671 66 Aubrey $1,891,683 1.76% $33,294 $1,948,433 2.81% $54,751 74 Avinger $29,316 1.35% $396 $30,195 1.85% $559 75 Azle $5,974,489 11.88% $709,769 $6,153,724 12.12% $745,831 77 Baird $484,755 0.00% $0 $499,298 0.80% $3,994 78 Balch Springs $9,634,849 14.10% $1,358,514 $9,923,894 14.40% $1,429,041 79 Balcones Heights $2,719,207 17.73% $482,115 $2,800,783 17.86% $500,220 80 Ballinger $1,344,897 3.48% $46,802 $1,385,244 3.77% $52,224 82 Balmorhea $29,783 0.00% $0 $30,379 0.00% $0 83 Bandera $614,078 9.83% $60,364 $627,588 9.39% $58,931 84 Bangs $504,665 13.43% $67,777 $519,805 12.79% $66,483 90 Bartlett $659,388 5.96% $39,300 $679,170 6.20% $42,109 91 Bartonville $415,809 10.73% $44,616 $428,283 12.92% $55,334 *Reflects phase -in, when applicable. Page 1 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 92 Bastrop $5,534,589 10.87% $601,610 $5,700,627 11.37% $648,161 94 Bay City $7,004,787 9.63% $674,561 $7,200,921 9.96% $717,212 93 Bayou Vista $331,370 2.81% $9,311 $337,997 3.88% $13,114 96 Baytown $48,709,419 17.40% $8,475,439 $50,170,702 17.38% $8,719,668 98 Beaumont $58,166,299 19.17% $11,150,480 $59,911,288 19.67 % $11,784,550 100 Bedford $21,229,777 8.02% $1,702,628 $21,866,670 8.52% $1,863,040 101 Bee Cave $2,609,199 7.40% $193,081 $2,687,475 8.40% $225,748 102 Beeville $4,727,139 0.25% $11,818 $4,868,953 0.75% $36,517 106 Bellaire $9,703,331 21.20% $2,057,106 $9,994,431 20.87 % $2,085,838 109 Bellmead $3,507,846 9.00% $315,706 $3,613,081 8.99% $324,816 110 Bells $365,624 0.02% $73 $376,593 0.23% $866 112 Bellville $2,555,339 14.00% $357,747 $2,631,999 14.73% $387,693 114 Belton $7,948,867 6.84% $543,703 $8,187,333 7.34% $600,950 118 Benbrook $8,688,044 17.35% $1,507,376 $8,948,685 16.94% $1,515,907 121 Berryville $111,357 1.66% $1,849 $114,698 2.52% $2,890 123 Bertram $417,257 1.42% $5,925 $429,775 1.83% $7,865 124 Big Lake $1,151,125 18.33% $211,001 $1,185,659 17.53% $207,846 126 Big Sandy $440,015 2.68% $11,792 $453,215 3.13% $14,186 128 Big Spring $9,179,965 16.11% $1,478,892 $9,427,824 16.61% $1,565,962 132 Bishop $709,991 3.75% $26,625 $731,291 3.63% $26,546 134 Blanco $526,078 1.34% $7,049 $541,860 1.66% $8,995 140 Blooming Grove $166,840 7.72% $12,880 $171,845 9.25% $15,896 142 Blossom $171,496 3.10% $5,316 $176,641 3.60% $6,359 143 Blue Mound $844,487 4.03% $34,033 $869,822 5.03% $43,752 144 Blue Ridge $161,607 0.29% $469 $166,455 1.10% $1,831 148 Boerne $12,712,561 17.79% $2,261,565 $13,093,938 18.29% $2,394,881 150 Bogata $263,595 0.00% $0 $271,503 0.07% $190 152 Bonham $5,051,608 4.28% $216,209 $5,203,156 4.78% $248,711 154 Booker $494,202 5.05% $24,957 $509,028 5.69% $28,964 156 Borger $7,986,658 15.12% $1,207,583 $8,226,258 14.93% $1,228,180 158 Bovina $343,742 0.00% $0 $354,054 0.04% $142 160 Bowie $3,627,495 9.50% $344,612 $3,736,320 10.24% $382,599 162 Boyd $729,489 3.01% $21,958 $751,374 3.48% $26,148 166 Brady $3,523,868 10.03% $353,444 $3,629,584 10.53% $382,195 170 Brazoria $1,129,661 8.14% $91,954 $1,159,032 8.64% $100,140 172 Breckenridge $2,319,887 7.29% $169,120 $2,382,524 7.79% $185,599 174 Bremond $228,206 15.12% $34,505 $233,455 16.11% $37,610 176 Brenham $10,568,298 6.07% $641,496 $10,885,347 6.57% $715,167 177 Bridge City $3,178,649 14.89% $473,301 $3,274,008 15.09% $494,048 178 Bridgeport $3,089,135 13.35% $412,400 $3,169,453 13.44% $425,974 180 Bronte $109,900 9.00% $9,891 $112,318 10.67% $11,984 182 Brookshire $1,338,545 3.83% $51,266 $1,378,701 4.38% $60,387 184 Brownfield $3,684,783 7.68% $282,991 $3,795,326 7.62% $289,204 10188 Brownsville $59,960,214 17.74% $10,636,942 $61,759,020 17.60% $10,869,588 20188 Brownsville PUB $28,011,419 17.40% $4,873,987 $28,851,762 17.54% $5,060,599 *Reflects phase -in, when applicable. Page 2 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 10190 Brownwood $9,334,615 14.01% $1,307,780 $9,614,653 13.78% $1,324,899 30190 Brownwood Health Dept. $434,030 9.35% $40,582 $447,051 10.36 % $46,314 20190 Brownwood Public Library $196,262 3.05% $5,986 $202,150 4.03% $8,147 195 Bruceville -Eddy $524,148 3.66% $19,184 $538,300 4.66% $25,085 192 Bryan $51,731,677 15.04% $7,780,444 $53,283,627 15.29% $8,147,067 193 Bryson $92,057 0.00% $0 $94,819 0.00% $0 194 Buda $3,714,146 11.52% $427,870 $3,825,570 13.19% $504,593 196 Buffalo $554,388 4.06% $22,508 $571,020 4.56% $26,039 198 Bullard $968,761 6.84% $66,263 $997,824 7.66% $76,433 203 Bulverde $1,254,765 7.39% $92,727 $1,292,408 8.76% $113,215 199 Bunker Hill Village $594,062 9.63% $57,208 $611,290 10.42% $63,696 200 Burkburnett $2,925,272 10.03% $293,405 $3,013,030 9.46% $285,033 202 Burleson $20,049,766 15.10% $3,027,515 $20,651,259 15.42% $3,184,424 204 Burnet $5,522,402 12.30% $679,255 $5,688,074 12.74% $724,661 206 Burton $35,315 8.96% $3,164 $36,374 9.43% $3,430 207 Cactus $1,129,890 2.24% $25,310 $1,163,787 2.60% $30,258 208 Caddo Mills $574,277 5.89% $33,825 $591,505 6.30% $37,265 210 Caldwell $2,050,119 8.77% $179,795 $2,111,623 9.10% $192,158 212 Calvert $375,913 0.69% $2,594 $387,190 1.32% $5,111 214 Cameron $1,608,519 10.12% $162,782 $1,647,123 10.38% $170,971 220 Canadian $919,843 14.95% $137,517 $947,438 14.94% $141,547 222 Canton $2,675,799 11.25% $301,027 $2,756,073 11.75% $323,839 224 Canyon $4,430,378 16.97% $751,835 $4,563,289 16.39% $747,923 227 Carmine $30,203 1.71% $516 $30,807 1.32% $407 228 Carrizo Springs $1,934,946 5.02% $97,134 $1,992,994 5.21% $103,835 230 Carrollton $53,131,808 11.48% $6,099,532 $54,672,630 11.98% $6,549,781 232 Carthage $4,306,061 18.66% $803,511 $4,435,243 18.23% $808,545 231 Castle Hills $3,324,892 12.12% $402,977 $3,424,639 11.58% $396,573 234 Castroville $1,758,406 8.60% $151,223 $1,809,400 9.17% $165,922 238 Cedar Hill $20,047,331 12.60% $2,525,964 $20,648,751 13.24% $2,733,895 239 Cedar Park $24,002,949 11.54% $2,769,940 $24,723,037 12.20% $3,016,211 240 Celeste $101,830 9.03% $9,195 $104,885 7.44% $7,803 242 Celina $3,949,938 4.67% $184,462 $4,068,436 5.92% $240,851 244 Center $3,008,673 16.60% $499,440 $3,098,933 16.64% $515,662 246 Centerville $225,382 16.44% $37,053 $232,143 16.94% $39,325 247 Chandler $932,768 4.72% $44,027 $960,751 4.58% $44,002 248 Charlotte $320,084 6.29% $20,133 $329,687 7.00% $23,078 249 Chester $30,993 0.55% $170 $31,613 1.30% $411 245 Chico $330,321 3.26% $10,768 $340,231 3.67% $12,486 250 Childress $2,026,184 14.71% $298,052 $2,086,970 15.01% $313,254 253 Chireno $301,153 18.78% $56,557 $310,188 18.63% $57,788 254 Christine $29,712 0.00% $0 $30,603 0.00% $0 255 Cibolo $5,481,617 10.66% $584,340 $5,646,066 11.94% $674,140 256 Cisco $1,094,576 2.26% $24,737 $1,127,413 2.44% $27,509 258 Clarendon $460,831 0.46% $2,120 $474,656 1.20% $5,696 *Reflects phase -in, when applicable. Page 3 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 259 Clarksville $1,068,683 3.63% $38,793 $1,100,743 4.39% $48,323 260 Clarksville City $203,124 0.96% $1,950 $209,218 2.05% $4,289 263 Clear Lake Shores $770,932 10.76% $82,952 $793,289 11.10% $88,055 264 Cleburne $14,676,279 18.20% $2,671,083 $15,116,567 18.60% $2,811,681 266 Cleveland $3,024,901 9.86% $298,255 $3,100,524 10.36 % $321,214 268 Clifton $1,030,153 0.73% $7,520 $1,061,058 1.35% $14,324 271 Clute $3,964,774 9.96% $394,891 $4,075,788 10.46% $426,327 272 Clyde $1,122,286 12.86% $144,326 $1,155,955 13.08% $151,199 274 Coahoma $231,240 4.59% $10,614 $238,177 5.31% $12,647 276 Cockrell Hill $1,299,220 6.86% $89,126 $1,338,197 7.55% $101,034 278 Coleman $2,540,451 17.73% $450,422 $2,601,422 16.78% $436,519 280 College Station $49,245,704 12.78% $6,293,601 $50,723,075 13.28% $6,736,024 281 Colleyville $12,281,471 7.37% $905,144 $12,649,915 8.10% $1,024,643 282 Collinsville $290,333 0.66% $1,916 $299,043 1.37% $4,097 283 Colmesneil $120,197 6.70% $8,053 $123,803 7.58% $9,384 284 Colorado City $1,555,748 8.18% $127,260 $1,600,865 8.72% $139,595 286 Columbus $1,672,750 13.15% $219,967 $1,717,914 13.65% $234,495 288 Comanche $1,022,867 4.98% $50,939 $1,053,553 4.48% $47,199 290 Commerce $2,999,061 8.38% $251,321 $3,089,033 8.88% $274,306 294 Conroe $25,512,670 16.06% $4,097,335 $26,278,050 16.35% $4,296,461 295 Converse $6,367,896 13.83% $880,680 $6,558,933 14.44% $947,110 298 Cooper $430,698 5.28% $22,741 $443,619 3.96% $17,567 299 Coppell $27,460,129 15.11% $4,149,225 $28,283,933 15.48% $4,378,353 297 Copper Canyon $179,914 8.80% $15,832 $185,311 9.94% $18,420 300 Copperas Cove $11,420,822 12.31% $1,405,903 $11,763,447 12.33% $1,450,433 301 Corinth $9,328,157 15.02% $1,401,089 $9,608,002 15.39% $1,478,672 302 Corpus Christi $122,740,971 9.98% $12,249,549 $125,564,013 10.48% $13,159,109 304 Corrigan $845,243 0.86% $7,269 $870,600 1.57% $13,668 306 Corsicana $8,506,286 14.00% $1,190,880 $8,676,412 14.81% $1,284,977 308 Cotulla $1,435,443 5.84% $83,830 $1,478,506 6.34% $93,737 311 Covington $68,161 5.51% $3,756 $70,206 6.59% $4,627 310 Crandall $1,262,718 9.78% $123,494 $1,300,600 9.81% $127,589 312 Crane $1,249,836 10.30% $128,733 $1,287,331 10.57% $136,071 314 Crawford $194,721 0.20% $389 $200,563 0.84% $1,685 316 Crockett $2,534,055 8.11% $205,512 $2,610,077 8.27% $215,853 318 Crosbyton $344,538 4.10% $14,126 $354,874 4.81% $17,069 320 Cross Plains $381,486 7.57% $28,878 $392,931 8.07% $31,710 321 Cross Roads $246,207 7.15% $17,604 $253,593 7.01% $17,777 323 Crowley $5,431,162 10.26% $557,237 $5,594,097 10.76% $601,925 324 Crystal City $1,585,399 0.29% $4,598 $1,628,205 0.86% $14,003 326 Cuero $4,909,000 9.99% $490,409 $5,056,270 10.13% $512,200 328 Cumby $400,566 2.36% $9,453 $412,583 2.06% $8,499 332 Daingerfield $787,171 6.62% $52,111 $810,786 7.19% $58,296 334 Daisetta $269,836 0.95% $2,563 $275,233 1.34% $3,688 336 Dalhart $2,502,259 3.65% $91,332 $2,577,327 4.15% $106,959 *Reflects phase -in, when applicable. Page 4 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 339 Dalworthington Gardens $1,582,559 21.95% $347,372 $1,630,036 22.01% $358,771 340 Danbury $353,125 5.72% $20,199 $363,719 6.22% $22,623 341 Darrouzett $105,822 1.38% $1,460 $108,997 1.88% $2,049 344 Dayton $3,462,797 6.25% $216,425 $3,566,681 6.75% $240,751 352 De Leon $486,104 1.25% $6,076 $495,826 1.51% $7,487 10366 Desoto $21,710,188 10.38% $2,253,518 $22,361,494 10.88% $2,432,931 346 Decatur $5,919,548 15.02% $889,116 $6,097,134 15.13% $922,496 348 Deer Park $18,330,079 13.82% $2,533,217 $18,879,981 14.34% $2,707,389 350 Dekalb $534,792 2.18% $11,658 $549,231 2.94% $16,147 354 Del Rio $18,503,230 6.89% $1,274,873 $19,058,327 7.39% $1,408,410 353 Dell City $54,671 5.08% $2,777 $55,764 6.70% $3,736 356 Denison $10,436,706 11.80% $1,231,531 $10,749,807 12.30% $1,322,226 358 Denton $79,144,454 17.23% $13,636,589 $81,518,788 17.30% $14,102,750 360 Denver City $1,298,435 11.59% $150,489 $1,332,194 12.14% $161,728 362 Deport $86,515 6.90% $5,970 $89,110 3.10% $2,762 370 Devine $1,582,852 12.34% $195,324 $1,630,338 12.64% $206,075 371 Diboll $1,877,322 12.98% $243,676 $1,926,132 13.98% $269,273 372 Dickens $62,968 0.74% $466 $64,857 1.53% $992 373 Dickinson $4,434,366 8.45% $374,704 $4,567,397 8.95% $408,782 374 Dilley $1,425,496 7.00% $99,785 $1,468,261 7.99% $117,314 376 Dimmitt $960,941 4.65% $44,684 $989,769 4.89% $48,400 382 Donna $4,157,595 6.91% $287,290 $4,282,323 7.74% $331,452 379 Double Oak $685,981 4.63% $31,761 $706,560 5.64% $39,850 383 Dripping Springs $524,003 1.86% $9,746 $539,723 2.42% $13,061 385 Driscoll $42,702 1.97% $841 $43,983 3.48% $1,531 384 Dublin $1,296,097 13.90% $180,157 $1,334,980 12.80% $170,877 386 Dumas $5,630,384 6.22% $350,210 $5,799,296 6.11% $354,337 388 Duncanville $15,789,943 3.41% $538,437 $16,263,641 4.26% $692,831 394 Eagle Lake $1,183,303 8.07% $95,493 $1,216,435 8.97% $109,114 396 Eagle Pass $14,860,911 9.08% $1,349,371 $15,306,738 8.92% $1,365,361 397 Early $973,265 2.34% $22,774 $1,002,463 3.29% $32,981 399 Earth $154,712 4.03% $6,235 $159,353 5.06% $8,063 393 East Bernard $112,923 9.68% $10,931 $116,311 6.54% $7,607 401 East Mountain $232,396 12.29% $28,561 $239,368 13.80% $33,033 395 East Tawakoni $292,453 5.40% $15,792 $301,227 5.90% $17,772 398 Eastland $1,527,199 8.79% $134,241 $1,573,015 9.22% $145,032 402 Ector $128,724 1.65% $2,124 $132,586 2.15% $2,851 406 Eden $391,908 5.22% $20,458 $399,746 3.45% $13,791 408 Edgewood $223,817 3.52% $7,878 $228,293 4.02% $9,177 410 Edinburg $31,126,171 14.56% $4,531,970 $32,059,956 14.85% $4,760,903 412 Edna $2,043,634 11.26% $230,113 $2,104,943 11.94% $251,330 414 El Campo $5,456,680 11.29% $616,059 $5,620,380 11.21% $630,045 416 Eldorado $682,220 6.57% $44,822 $702,687 7.16% $50,312 418 Electra $1,162,793 1.87% $21,744 $1,190,700 2.00% $23,814 420 Elgin $3,328,684 13.74% $457,361 $3,428,545 14.24% $488,225 *Reflects phase -in, when applicable. Page 5 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 422 Elkhart $256,942 5.96% $15,314 $264,650 5.85% $15,482 427 Elmendorf $412,550 0.87% $3,589 $424,927 1.49% $6,331 432 Emory $906,440 4.53% $41,062 $933,633 4.76% $44,441 436 Ennis $9,519,811 17.93% $1,706,902 $9,805,405 17.36% $1,702,218 439 Euless $26,889,824 17.49% $4,703,030 $27,696,519 17.76 % $4,918,902 440 Eustace $294,072 6.43% $18,909 $302,894 7.39% $22,384 441 Everman $2,017,094 8.45% $170,444 $2,077,607 8.31% $172,649 443 Fair Oaks Ranch $2,330,343 11.24% $261,931 $2,400,253 11.46% $275,069 442 Fairfield $1,737,231 2.81% $48,816 $1,789,348 3.31% $59,227 445 Fairview $3,896,515 9.57% $372,896 $4,013,410 10.57% $424,217 20444 Falfurrias $1,721,508 3.06% $52,678 $1,773,153 3.31% $58,691 446 Falls City $126,170 8.67% $10,939 $129,955 9.78% $12,710 448 Farmers Branch $27,663,548 17.62% $4,874,317 $28,410,464 18.12% $5,147,976 450 Farmersville $1,822,289 8.42% $153,437 $1,876,958 8.77% $164,609 451 Farwell $235,282 13.17% $30,987 $242,340 14.51% $35,164 452 Fate $2,175,486 7.81% $169,905 $2,240,751 9.37% $209,958 454 Fayetteville $49,985 0.04% $20 $51,485 0.71% $366 456 Ferris $1,793,827 6.49% $116,419 $1,847,642 6.31% $116,586 458 Flatonia $829,461 17.72% $146,980 $854,345 17.93% $153,184 460 Florence $298,120 3.23% $9,629 $307,064 3.83% $11,761 20462 Floresville $2,489,990 9.98% $248,501 $2,554,730 10.48% $267,736 463 Flower Mound $33,166,310 9.18% $3,044,667 $34,161,299 9.93% $3,392,217 464 Floydada $1,060,262 13.05% $138,364 $1,085,708 13.11% $142,336 468 Forest Hill $4,972,470 13.40% $666,311 $5,121,644 13.33% $682,715 470 Forney $7,467,973 13.20% $985,772 $7,692,012 13.57% $1,043,806 472 Fort Stockton $5,084,552 10.25% $521,167 $5,237,089 10.22% $535,230 476 Franklin $508,749 2.79% $14,194 $524,011 3.37% $17,659 478 Frankston $487,424 1.88% $9,164 $502,047 2.35% $11,798 480 Fredericksburg $9,261,146 9.25% $856,656 $9,538,980 9.52% $908,111 482 Freeport $5,465,701 13.21% $722,019 $5,629,672 14.24% $801,665 481 Freer $753,526 6.04% $45,513 $776,132 6.49% $50,371 483 Friendswood $13,070,688 15.44% $2,018,114 $13,462,809 15.47% $2,082,697 484 Friona $928,379 11.34% $105,278 $949,732 11.87% $112,733 486 Frisco $69,314,876 14.00% $9,704,083 $71,394,322 14.16% $10,109,436 487 Fritch $787,536 1.72% $13,546 $811,162 3.06% $24,822 488 Frost $147,656 3.18% $4,695 $152,086 3.69% $5,612 491 Fulshear $1,682,168 4.93% $82,931 $1,732,633 5.43% $94,082 493 Fulton $257,769 17.48% $45,058 $265,502 18.06% $47,950 492 Gainesville $10,864,169 9.31% $1,011,454 $11,124,909 9.59% $1,066,879 494 Galena Park $2,978,715 13.90% $414,041 $3,038,289 14.40% $437,514 498 Ganado $468,261 11.88% $55,629 $479,968 12.74% $61,148 499 Garden Ridge $1,424,113 6.85% $97,552 $1,466,836 8.02% $117,640 500 Garland $140,061,625 10.30% $14,426,347 $144,263,474 10.80% $15,580,455 502 Garrison $241,137 15.03% $36,243 $245,960 13.55% $33,328 503 Gary $206,989 7.28% $15,069 $211,129 6.94% $14,652 *Reflects phase -in, when applicable. Page 6 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 504 Gatesville $3,605,247 15.90% $573,234 $3,713,404 15.38% $571,122 505 George West $1,611,220 5.02% $80,883 $1,659,557 5.54% $91,939 506 Georgetown $37,501,643 11.47% $4,301,438 $38,626,692 11.97% $4,623,615 510 Giddings $2,810,184 18.46% $518,760 $2,894,490 18.96% $548,795 512 Gilmer $2,041,653 12.93% $263,986 $2,102,903 13.58 % $285,574 514 Gladewater $2,815,330 3.21% $90,372 $2,899,790 3.54% $102,653 516 Glen Rose $953,307 14.92% $142,233 $981,906 14.49% $142,278 517 Glenn Heights $3,309,388 3.20% $105,900 $3,408,670 3.58% $122,030 518 Godley $423,344 2.31% $9,779 $436,044 2.74 % $11,948 519 Goldsmith $147,695 2.73% $4,032 $152,126 3.23% $4,914 520 Goldthwaite $610,902 25.83% $157,796 $629,229 25.32% $159,321 522 Goliad $419,414 1.06% $4,446 $429,480 1.56% $6,700 524 Gonzales $4,825,752 10.39% $501,396 $4,970,525 10.33% $513,455 532 Graford $114,668 2.65% $3,039 $118,108 2.92% $3,449 10534 Graham $3,556,580 11.91% $423,589 $3,631,268 11.67% $423,769 536 Granbury $8,229,377 15.20% $1,250,865 $8,476,258 15.80% $1,339,249 540 Grand Prairie $82,113,479 15.66% $12,858,971 $84,576,883 16.16% $13,667,624 542 Grand Saline $851,030 5.57% $47,402 $868,051 5.44% $47,222 544 Grandview $741,232 4.65% $34,467 $763,469 5.58% $42,602 546 Granger $328,586 0.00% $0 $335,158 0.83% $2,782 547 Granite Shoals $1,675,779 4.26% $71,388 $1,726,052 4.95% $85,440 548 Grapeland $416,047 4.12% $17,141 $428,528 4.45% $19,069 550 Grapevine $40,516,634 19.06% $7,722,470 $41,732,133 19.06% $7,954,145 552 Greenville $17,931,076 10.30% $1,846,901 $18,469,008 10.95% $2,022,356 551 Gregory $382,899 3.73% $14,282 $394,386 4.10% $16,170 553 Grey Forest $2,485,140 15.18% $377,244 $2,559,694 15.77% $403,664 556 Groesbeck $1,408,272 2.33% $32,813 $1,450,520 2.47% $35,828 558 Groom $166,857 2.26% $3,771 $171,863 2.84% $4,881 559 Groves $6,084,580 8.88% $540,311 $6,267,117 9.40% $589,109 560 Groveton $242,178 1.48% $3,584 $249,443 2.05% $5,114 562 Gruver $241,394 6.38% $15,401 $246,222 7.36% $18,122 563 Gun Barrel City $1,767,101 5.52% $97,544 $1,820,114 6.02% $109,571 564 Gunter $334,255 3.25% $10,863 $344,283 3.66% $12,601 568 Hale Center $370,161 1.74% $6,441 $381,266 1.87% $7,130 570 Hallettsville $1,411,212 12.05% $170,051 $1,453,548 12.69% $184,455 572 Hallsville $647,367 2.94% $19,033 $666,788 3.11% $20,737 574 Haltom City $16,503,242 18.72% $3,089,407 $16,998,339 18.76% $3,188,888 576 Hamilton $851,463 20.74% $176,593 $877,007 18.71% $164,088 578 Hamlin $504,796 10.89% $54,972 $514,892 11.39% $58,646 580 Happy $78,197 12.28% $9,603 $80,308 15.26% $12,255 581 Harker Heights $11,161,527 14.63% $1,632,931 $11,496,373 14.89% $1,711,810 10582 Harlingen $10,849,355 7.01% $760,540 $10,849,355 10.60% $1,150,032 20582 Harlingen Waterworks Sys $5,952,217 0.59% $35,118 $6,130,784 1.23% $75,409 583 Hart $133,823 2.68% $3,586 $136,499 3.35% $4,573 586 Haskell $544,995 0.00% $0 $561,345 0.00% $0 *Reflects phase -in, when applicable. Page 7 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 587 Haslet $1,027,161 8.17% $83,919 $1,057,976 8.67% $91,727 588 Hawkins $423,460 13.33% $56,447 $433,623 13.83% $59,970 585 Hays $19,075 5.82% $1,110 $19,457 6.33% $1,232 590 Hearne $2,142,523 15.00% $321,378 $2,206,799 15.57% $343,599 591 Heath $3,288,192 10.37% $340,986 $3,386,838 11.23 % $380,342 592 Hedley $45,564 2.85% $1,299 $46,475 3.50% $1,627 595 Hedwig Village $1,838,354 6.12% $112,507 $1,887,990 6.64% $125,363 593 Helotes $3,157,996 6.09% $192,322 $3,252,736 6.59% $214,355 594 Hemphill $1,116,154 6.58% $73,443 $1,149,639 7.44 % $85,533 596 Hempstead $2,967,258 8.64% $256,371 $3,056,276 7.93% $242,363 598 Henderson $5,887,895 15.34% $903,203 $6,064,532 15.79% $957,590 600 Henrietta $666,181 14.10% $93,932 $686,166 14.64% $100,455 602 Hereford $4,692,574 10.43% $489,435 $4,833,351 10.84% $523,935 605 Hewitt $4,088,481 15.27% $624,311 $4,211,135 15.70% $661,148 609 Hickory Creek $1,072,487 10.81% $115,936 $1,098,227 11.31% $124,209 606 Hico $383,849 4.55% $17,465 $392,678 5.05% $19,830 607 Hidalgo $5,354,515 12.64% $676,811 $5,515,150 12.57% $693,254 608 Higgins $109,866 3.64% $3,999 $113,162 3.86% $4,368 610 Highland Park $11,587,901 3.14% $363,860 $11,935,538 4.20% $501,293 611 Highland Village $9,502,034 13.20% $1,254,268 $9,787,095 13.64% $1,334,960 613 Hill Country Village $746,566 3.14% $23,442 $767,470 3.64% $27,936 612 Hillsboro $4,529,901 10.75% $486,964 $4,665,798 11.34% $529,101 619 Hilshire Village $78,961 12.72% $10,044 $81,330 13.31% $10,825 614 Hitchcock $1,834,828 3.82% $70,090 $1,889,873 4.26% $80,509 615 Holland $225,986 7.56% $17,085 $232,314 8.14% $18,910 616 Holliday $397,200 1.93% $7,666 $409,116 2.43% $9,942 617 Hollywood Park $1,692,830 8.95% $151,508 $1,743,615 9.13% $159,192 618 Hondo $4,073,866 9.00% $366,648 $4,196,082 8.78% $368,416 620 Honey Grove $412,362 7.29% $30,061 $424,733 7.73% $32,832 622 Hooks $523,554 10.64% $55,706 $539,261 12.82% $69,133 626 Howe $606,414 4.50% $27,289 $618,542 5.03% $31,113 627 Hubbard $419,378 0.40% $1,678 $430,282 0.81% $3,485 628 Hudson $657,781 3.49% $22,957 $677,514 4.25% $28,794 629 Hudson Oaks $1,288,119 12.47% $160,628 $1,326,763 13.30% $176,459 630 Hughes Springs $610,744 15.36% $93,810 $624,791 15.90% $99,342 632 Humble $12,887,904 13.40% $1,726,979 $13,274,541 13.63% $1,809,320 633 Hunters Creek Village $379,869 12.15% $46,154 $391,265 14.24% $55,716 634 Huntington $683,656 13.77% $94,139 $702,798 14.59% $102,538 636 Huntsville $12,809,513 17.07% $2,186,584 $13,168,179 17.70% $2,330,768 637 Hurst $25,757,839 9.63% $2,480,480 $26,530,574 10.13% $2,687,547 638 Hutchins $2,495,028 7.83% $195,361 $2,569,879 8.15% $209,445 640 Hutto $5,538,610 11.85% $656,325 $5,704,768 12.42% $708,532 641 Huxley $329,592 0.00% $0 $336,843 1.10% $3,705 642 Idalou $577,087 4.06% $23,430 $594,400 4.56% $27,105 643 Ingleside $3,103,471 10.35% $321,209 $3,196,575 10.59% $338,517 *Reflects phase -in, when applicable. Page 8 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 646 Ingram $515,503 5.39% $27,786 $530,968 5.89% $31,274 647 Iowa Colony $209,436 33.93% $71,062 $215,719 28.22% $60,876 644 Iowa Park $1,790,360 13.63% $244,026 $1,844,071 14.26% $262,965 645 Iraan $246,533 14.43% $35,575 $253,929 15.12% $38,394 648 Irving $98,741,200 13.33% $13,162,202 $101,407,212 13.83 % $14,024,617 650 Italy $614,897 2.25% $13,835 $633,344 2.68% $16,974 652 Itasca $689,373 10.22% $70,454 $710,054 11.02% $78,248 654 Jacinto City $2,516,934 8.76% $220,483 $2,592,442 8.84% $229,172 656 Jacksboro $1,706,005 13.42% $228,946 $1,757,185 13.91 % $244,424 658 Jacksonville $5,803,659 10.79% $626,215 $5,966,161 11.23% $670,000 660 Jasper $5,265,750 8.94% $470,758 $5,423,723 9.44% $511,999 664 Jefferson $646,981 3.31% $21,415 $659,921 3.81% $25,143 665 Jersey Village $5,015,688 14.88% $746,334 $5,166,159 15.35% $793,005 666 Jewett $299,645 8.33% $24,960 $308,634 8.62% $26,604 668 Joaquin $225,034 3.95% $8,889 $231,785 4.60% $10,662 670 Johnson City $682,813 9.40% $64,184 $701,249 9.84% $69,003 673 Jones Creek $260,028 5.74% $14,926 $267,829 6.34% $16,980 675 Jonestown $1,208,627 5.14% $62,123 $1,244,886 5.50% $68,469 677 Josephine $231,154 6.16% $14,239 $238,089 6.97% $16,595 671 Joshua $1,702,931 5.06% $86,168 $1,754,019 5.56% $97,523 672 Jourdanton $1,323,554 6.16% $81,531 $1,363,261 6.34 % $86,431 674 Junction $649,575 14.42% $93,669 $669,062 14.53% $97,215 676 Justin $1,357,754 2.29% $31,093 $1,398,487 2.87% $40,137 678 Karnes City $1,315,267 5.00% $65,763 $1,354,725 5.17 % $70,039 680 Katy $10,490,721 14.45% $1,515,909 $10,805,443 14.54% $1,571,111 682 Kaufman $2,998,456 10.15 % $304,343 $3,088,410 10.65 % $328,916 683 Keene $2,758,753 14.26% $393,398 $2,841,516 14.76 % $419,408 681 Keller $18,650,246 14.93% $2,784,482 $19,209,753 15.51% $2,979,433 685 Kemah $1,945,293 5.23% $101,739 $1,990,035 5.98% $119,004 684 Kemp $329,464 0.26% $857 $336,053 3.18 % $10,686 686 Kenedy $1,797,323 4.28% $76,925 $1,851,243 4.89% $90,526 688 Kennedale $3,692,667 13.33% $492,233 $3,784,984 13.91% $526,491 690 Kerens $391,013 7.57% $29,600 $402,743 7.83 % $31,535 692 Kermit $2,210,887 15.36% $339,592 $2,277,214 15.12% $344,315 10694 Kerrville $15,635,624 8.42% $1,316,520 $16,104,693 9.26% $1,491,295 20694 Kerrville PUB $4,365,039 11.80% $515,075 $4,495,990 12.30 % $553,007 10696 Kilgore $7,529,530 14.63% $1,101,570 $7,755,416 15.06% $1,167,966 698 Killeen $49,470,057 8.26% $4,086,227 $50,954,159 8.76% $4,463,584 700 Kingsville $11,706,271 9.37% $1,096,878 $12,057,459 9.19 % $1,108,080 701 Kirby $1,933,781 13.11% $253,519 $1,991,794 14.12% $281,241 702 Kirbyville $790,988 5.35% $42,318 $807,599 5.57% $44,983 704 Knox City $303,230 1.06% $3,214 $312,327 1.93% $6,028 708 Kountze $856,739 0.94% $8,053 $882,441 1.38 % $12,178 709 Kress $50,436 10.54% $5,316 $51,445 8.57% $4,409 699 Krugerville $624,732 6.39% $39,920 $643,474 7.78% $50,062 *Reflects phase -in, when applicable. Page 9 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 707 Krum $1,249,791 3.51% $43,868 $1,287,285 4.26% $54,838 710 Kyle $8,575,520 11.40% $977,609 $8,832,786 12.40% $1,095,265 725 La Coste $261,314 0.92% $2,404 $269,153 1.47% $3,957 714 La Feria $2,180,116 9.77% $212,997 $2,245,519 9.76% $219,163 716 La Grange $2,831,034 15.44% $437,112 $2,915,965 15.94% $464,805 723 La Grulla $688,658 3.30% $22,726 $706,563 5.18% $36,600 732 La Joya $1,142,191 5.48% $62,592 $1,176,457 6.17% $72,587 721 La Marque $5,135,754 14.52% $745,711 $5,269,284 15.46% $814,631 728 La Porte $22,169,332 15.64% $3,467,284 $22,834,412 15.97% $3,646,656 731 La Vernia $622,358 2.44% $15,186 $641,029 2.68% $17,180 711 Lacy- Lakeview $1,983,150 13.56% $268,915 $2,042,645 14.47% $295,571 712 Ladonia $45,726 0.11% $50 $47,098 2.07% $975 713 Lago Vista $3,628,690 6.48% $235,139 $3,737,551 7.18% $268,356 705 Laguna Vista $620,417 2.50% $15,510 $639,030 3.25% $20,768 717 Lake Dallas $1,818,139 12.56% $228,358 $1,872,683 13.11% $245,509 718 Lake Jackson $10,216,267 11.73% $1,198,368 $10,522,755 11.84% $1,245,894 719 Lake Worth $4,790,262 12.52% $599,741 $4,933,970 13.41% $661,645 727 Lakeport $160,003 0.00% $0 $164,803 0.00% $0 715 Lakeside $564,527 6.31% $35,622 $581,463 7.24% $42,098 729 Lakeside City $147,528 1.22% $1,800 $151,954 1.76% $2,674 720 Lakeway $5,807,760 12.63% $733,520 $5,981,993 13.45% $804,578 722 Lamesa $3,147,801 3.60% $113,321 $3,223,348 4.10% $132,157 724 Lampasas $4,885,704 14.16% $691,816 $5,032,275 14.83% $746,286 726 Lancaster $15,013,649 13.30% $1,996,815 $15,464,058 13.80% $2,134,040 730 Laredo $103,470,427 21.29% $22,028,854 $106,574,540 21.16% $22,551,173 733 Lavon $735,856 4.22% $31,053 $757,932 5.21% $39,488 736 League City $30,154,221 14.86% $4,480,917 $31,058,848 15.39% $4,779,957 737 Leander $12,476,513 11.61% $1,448,523 $12,850,808 12.59% $1,617,917 735 Lefors $129,551 3.85% $4,988 $133,438 3.54% $4,724 739 Leon Valley $5,194,217 13.98% $726,152 $5,350,044 12.92% $691,226 738 Leonard $574,785 0.61% $3,506 $592,029 0.97% $5,743 740 Levelland $4,972,930 11.94% $593,768 $5,122,118 12.23% $626,435 742 Lewisville $48,174,062 16.27% $7,837,920 $49,619,284 16.55% $8,211,992 744 Lexington $495,813 8.77% $43,483 $510,687 8.65% $44,174 746 Liberty $4,332,140 17.74% $768,522 $4,436,111 18.24% $809,147 745 Liberty Hill $710,166 7.25% $51,487 $731,471 7.55% $55,226 748 Lindale $2,240,807 14.34% $321,332 $2,308,031 14.31% $330,279 750 Linden $447,042 1.34% $5,990 $460,453 1.35% $6,216 755 Lipan $158,339 1.69% $2,676 $163,089 2.32% $3,784 751 Little Elm $12,116,586 12.15% $1,472,165 $12,480,084 13.22% $1,649,867 752 Littlefield $2,233,677 9.10% $203,265 $2,291,753 9.49% $217,487 753 Live Oak $6,320,837 17.62% $1,113,731 $6,510,462 17.40% $1,132,820 757 Liverpool $153,975 1.92% $2,956 $158,594 2.60% $4,123 754 Livingston $3,856,798 16.05% $619,016 $3,972,502 16.43% $652,682 756 Llano $1,837,645 14.01% $257,454 $1,879,911 14.51% $272,775 *Reflects phase -in, when applicable. Page 10 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 758 Lockhart $5,944,465 11.86% $705,014 $6,087,132 12.73% $774,892 760 Lockney $157,680 0.00% $0 $160,834 0.00% $0 765 Lone Star $416,320 2.83% $11,782 $424,646 2.54% $10,786 766 Longview $32,004,564 9.86% $3,155,650 $32,964,701 10.36% $3,415,143 768 Loraine $96,701 2.05% $1,982 $99,602 2.55 % $2,540 769 Lorena $589,487 6.29% $37,079 $607,172 7.11% $43,170 770 Lorenzo $237,883 2.18% $5,186 $245,019 3.03% $7,424 771 Los Fresnos $1,882,228 0.83% $15,622 $1,938,695 1.35% $26,172 773 Lott $308,461 0.87% $2,684 $317,715 1.61% $5,115 774 Lovelady $108,313 6.09% $6,596 $111,562 6.11% $6,816 778 Lubbock $95,361,531 17.96% $17,126,931 $98,222,377 17.95% $17,630,917 779 Lucas $1,577,474 13.15% $207,438 $1,624,798 13.75% $223,410 782 Lufkin $15,958,000 15.72% $2,508,598 $16,436,740 16.22% $2,666,039 784 Luling $3,159,091 8.51% $268,839 $3,253,864 9.26% $301,308 785 Lumberton $2,086,358 16.69% $348,213 $2,148,949 16.77% $360,379 786 Lyford $386,204 4.36% $16,838 $397,790 4.93% $19,611 787 Lytle $1,000,054 9.01% $90,105 $1,030,056 9.48% $97,649 790 Madisonville $1,442,684 9.03% $130,274 $1,485,965 9.53% $141,612 791 Magnolia $1,313,092 1.16% $15,232 $1,352,485 1.87% $25,291 792 Malakoff $1,152,136 5.10% $58,759 $1,186,700 6.10% $72,389 796 Manor $2,491,609 3.36% $83,718 $2,566,357 4.08% $104,707 798 Mansfield $32,236,320 14.14% $4,558,216 $33,203,410 14.62% $4,854,339 799 Manvel $1,664,156 5.65% $94,025 $1,714,081 6.38% $109,358 800 Marble Falls $5,944,902 4.35% $258,603 $6,123,249 4.90% $300,039 802 Marfa $1,084,282 0.91% $9,867 $1,116,810 1.74% $19,432 804 Marion $459,285 5.04% $23,148 $473,064 5.76% $27,248 806 Marlin $1,587,333 8.52% $135,241 $1,619,080 9.46% $153,165 810 Marshall $8,226,345 16.19% $1,331,845 $8,432,004 16.69% $1,407,301 812 Mart $428,908 1.00% $4,289 $441,775 1.48% $6,538 813 Martindale $145,437 8.85% $12,871 $149,800 9.96% $14,920 814 Mason $1,204,700 6.04% $72,764 $1,240,841 6.41% $79,538 816 Matador $129,912 6.12% $7,951 $133,809 6.69% $8,952 818 Mathis $1,697,394 2.40% $40,737 $1,748,316 3.62% $63,289 820 Maud $201,185 3.28% $6,599 $207,221 3.72% $7,709 822 Maypearl $196,742 1.64% $3,227 $202,644 1.88% $3,810 824 McAllen $68,147,394 6.66% $4,538,616 $70,191,816 7.16% $5,025,734 826 McCamey $502,418 1.61% $8,089 $517,491 2.63% $13,610 828 McGregor $2,385,189 10.55% $251,637 $2,456,745 10.83% $266,065 830 McKinney $62,127,195 15.18% $9,430,908 $63,991,011 15.30% $9,790,625 832 McLean $225,426 1.58% $3,562 $232,189 1.95% $4,528 833 McLendon - Chisholm $124,807 8.41% $10,496 $128,551 9.65% $12,405 831 Meadowlakes $585,800 1.30% $7,615 $603,374 2.20% $13,274 835 Meadows Place $1,405,621 6.00% $84,337 $1,439,356 7.24% $104,209 837 Melissa $2,103,327 6.19% $130,196 $2,166,427 7.19% $155,766 1501 Memorial Villages PD $3,176,090 9.30% $295,376 $3,271,373 10.28% $336,297 *Reflects phase -in, when applicable. Page 11 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 840 Memphis $554,989 4.93% $27,361 $567,754 4.29% $24,357 842 Menard $229,663 0.00% $0 $235,175 0.00% $0 844 Mercedes $4,442,078 19.09% $847,993 $4,575,340 19.10% $873,890 846 Meridian $366,275 2.26% $8,278 $377,263 2.76% $10,412 848 Merkel $522,249 13.33% $69,616 $537,916 13.23% $71,166 852 Mertzon $194,798 8.48% $16,519 $200,642 11.38% $22,833 854 Mesquite $70,869,381 10.29% $7,292,459 $72,995,462 10.87% $7,934,607 856 Mexia $4,019,205 11.80% $474,266 $4,139,781 12.30% $509,193 860 Midland $45,469,410 15.02% $6,829,505 $46,833,492 14.86% $6,959,457 862 Midlothian $11,497,831 14.05% $1,615,445 $11,842,766 14.59% $1,727,860 863 Milano $64,200 4.09% $2,626 $66,126 5.52% $3,650 864 Miles $128,916 0.00% $0 $132,783 0.00% $0 865 Milford $247,275 8.28% $20,474 $252,221 8.84% $22,296 868 Mineola $2,167,261 3.53% $76,504 $2,232,279 4.18% $93,309 870 Mineral Wells $7,436,122 8.85% $658,097 $7,659,206 8.93% $683,967 874 Mission $27,687,698 7.86% $2,176,253 $28,518,329 8.36% $2,384,132 875 Missouri City $20,829,049 5.79% $1,206,002 $21,453,920 6.29% $1,349,452 876 Monahans $3,405,609 8.93% $304,121 $3,507,777 8.12% $284,831 887 Mont Belvieu $4,503,007 15.93% $717,329 $4,638,097 16.27% $754,618 877 Montgomery $929,526 3.77% $35,043 $957,412 5.48% $52,466 878 Moody $500,418 2.69% $13,461 $515,431 3.01% $15,514 883 Morgan's Point $842,762 8.59% $72,393 $868,045 9.30% $80,728 882 Morgan's Point Resort $990,902 10.19% $100,973 $1,013,693 11.21% $113,635 884 Morton $374,779 4.54% $17,015 $385,273 4.95% $19,071 886 Moulton $476,425 6.68% $31,825 $490,718 7.07% $34,694 890 Mount Enterprise $108,990 1.91% $2,082 $112,042 2.41% $2,700 892 Mt. Pleasant $6,873,715 15.35% $1,055,115 $7,079,926 15.48% $1,095,973 894 Mt. Vernon $807,993 10.19% $82,334 $830,617 11.05% $91,783 896 Muenster $509,356 0.49% $2,496 $524,637 0.99% $5,194 898 Muleshoe $1,330,600 15.89% $211,432 $1,370,518 15.59% $213,664 901 Munday $264,518 3.33% $8,808 $272,454 3.83% $10,435 903 Murphy $6,921,842 11.87% $821,623 $7,129,497 13.02% $928,261 10904 Nacogdoches $15,785,047 13.93% $2,198,857 $16,258,598 14.43% $2,346,116 906 Naples $356,675 1.93% $6,884 $367,375 2.52% $9,258 907 Nash $862,195 4.30% $37,074 $886,336 5.67% $50,255 905 Nassau Bay $2,720,416 14.67% $399,085 $2,802,028 15.60% $437,116 909 Natalia $412,902 2.32% $9,579 $425,289 2.97% $12,631 908 Navasota $3,877,751 7.49% $290,444 $3,994,084 8.06% $321,923 910 Nederland $7,573,786 5.42% $410,499 $7,801,000 5.96% $464,940 912 Needville $756,306 3.26% $24,656 $775,970 3.76% $29,176 914 New Boston $1,146,029 2.34% $26,817 $1,180,410 2.15% $25,379 10916 New Braunfels $32,549,345 17.23% $5,608,252 $33,525,825 16.94% $5,679,275 20916 New Braunfels Utilities $13,702,414 12.45% $1,705,951 $14,113,486 12.44% $1,755,718 915 New Deal $201,956 0.00% $0 $206,197 0.18% $371 923 New Fairview $57,205 4.66% $2,666 $58,921 7.44% $4,384 *Reflects phase -in, when applicable. Page 12 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 918 New London $406,522 5.25% $21,342 $418,718 5.58% $23,364 919 New Summerfield $369,410 7.52% $27,780 $380,492 9.08% $34,549 917 New Waverly $215,976 5.30% $11,447 $222,455 4.85% $10,789 913 Newark $190,080 3.33% $6,330 $195,782 3.16% $6,187 920 Newton $970,053 20.58% $199,637 $999,155 21.23% $212,121 922 Nixon $765,150 1.00% $7,652 $788,105 1.25% $9,851 924 Nocona $885,112 9.26% $81,961 $911,665 9.33% $85,058 925 Nolanville $464,002 1.89% $8,770 $477,922 2.18% $10,419 928 Normangee $256,659 3.45% $8,855 $264,359 3.46% $9,147 931 North Richland Hills $34,723,330 16.26% $5,646,013 $35,765,030 16.33% $5,840,429 930 Northlake $1,446,028 7.98% $115,393 $1,489,409 8.98% $133,749 935 O'Donnell $83,630 6.83% $5,712 $85,303 7.33% $6,253 936 Oak Point $1,115,139 6.70% $74,714 $1,148,593 7.20% $82,699 937 Oak Ridge North $2,708,502 11.71% $317,166 $2,789,757 12.16% $339,234 942 Odem $506,104 6.84% $34,618 $521,287 7.74% $40,348 944 Odessa $38,770,057 13.39% $5,191,311 $39,933,159 13.89% $5,546,716 945 Oglesby $23,112 0.01% $2 $23,644 0.05% $12 949 Old River- Winfree $31,757 0.00% $0 $32,710 0.00% $0 950 Olmos Park $1,680,991 1.21% $20,340 $1,731,421 1.75% $30,300 951 Olney $770,869 5.87% $45,250 $786,286 7.34% $57,713 953 Omaha $198,272 4.77% $9,458 $204,220 5.16% $10,538 954 Onalaska $448,419 1.61% $7,220 $461,872 2.56% $11,824 958 Orange $8,672,893 17.87% $1,549,846 $8,933,080 17.26% $1,541,850 960 Orange Grove $385,150 1.95% $7,510 $396,705 2.06% $8,172 959 Ore City $367,521 0.76% $2,793 $378,547 1.35% $5,110 962 Overton $613,897 0.92% $5,648 $632,314 1.96% $12,393 961 Ovilla $994,295 7.23% $71,888 $1,024,124 8.23% $84,285 963 Oyster Creek $787,974 9.35% $73,676 $811,613 9.99% $81,080 964 Paducah $306,816 2.48% $7,609 $314,793 0.37% $1,165 966 Palacios $1,479,624 16.82% $248,873 $1,521,053 17.61% $267,857 968 Palestine $7,877,762 13.93% $1,097,372 $8,114,095 14.18% $1,150,579 970 Palmer $980,006 6.78% $66,444 $1,009,406 6.94% $70,053 969 Palmhurst $874,950 5.29% $46,285 $901,199 5.61% $50,557 971 Palmview $2,046,658 2.02% $41,342 $2,108,058 2.32% $48,907 972 Pampa $7,346,507 21.27% $1,562,602 $7,566,902 21.55% $1,630,667 974 Panhandle $814,803 13.63% $111,058 $839,247 13.05% $109,522 973 Panorama Village $574,721 5.66% $32,529 $591,963 6.16% $36,465 975 Pantego $2,220,179 16.36% $363,221 $2,273,463 17.83% $405,358 976 Paris $11,810,674 5.73% $676,752 $12,164,994 6.23% $757,879 977 Parker $1,223,925 11.20% $137,080 $1,260,643 11.70% $147,495 978 Pasadena $58,012,648 12.70% $7,367,606 $59,578,989 13.20% $7,864,427 983 Pearland $35,972,887 13.37% $4,809,575 $37,052,074 13.61% $5,042,787 984 Pearsall $2,556,229 3.29% $84,100 $2,632,916 3.27% $86,096 988 Pecos City $5,558,062 5.18% $287,908 $5,724,804 5.82% $333,184 994 Perryton $3,757,158 14.11% $530,135 $3,869,873 14.61% $565,388 *Reflects phase -in, when applicable. Page 13 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 1000 Pflugerville $17,119,561 13.64% $2,335,108 $17,633,148 13.53% $2,385,765 1002 Pharr $24,723,154 6.52% $1,611,950 $25,464,849 7.16% $1,823,283 1004 Pilot Point $1,817,103 8.96% $162,812 $1,871,616 8.99% $168,258 1005 Pinehurst $1,036,303 16.14% $167,259 $1,059,102 18.71% $198,158 1003 Pineland $429,437 10.26% $44,060 $442,320 10.22 % $45,205 1001 Piney Point Village $404,180 6.69% $27,040 $416,305 7.57% $31,514 1006 Pittsburg $1,446,055 15.35% $221,969 $1,477,868 15.85% $234,242 1007 Plains $331,237 5.74% $19,013 $341,174 6.56% $22,381 1008 Plainview $6,268,589 13.78% $863,812 $6,419,035 14.19% $910,861 1010 Plano $146,520,796 17.44% $25,553,227 $150,916,420 17.32% $26,138,724 1012 Pleasanton $4,392,782 16.28% $715,145 $4,524,565 16.32% $738,409 1013 Point $293,746 13.18% $38,716 $300,796 12.99% $39,073 1017 Ponder $468,434 5.29% $24,780 $482,487 6.00% $28,949 1014 Port Aransas $5,108,098 12.22% $624,210 $5,261,341 11.77% $619,260 11016 Port Arthur $32,172,154 13.61% $4,378,630 $33,137,319 13.63% $4,516,617 1018 Port Isabel $2,455,081 3.65% $89,610 $2,528,733 3.89% $98,368 1020 Port Lavaca $4,004,003 5.68% $227,427 $4,124,123 6.02% $248,272 1022 Port Neches $6,376,915 11.60% $739,722 $6,555,469 12.09% $792,556 1019 Portland $6,080,426 14.30% $869,501 $6,262,839 14.50% $908,112 1024 Post $591,498 10.08% $59,623 $607,468 10.58% $64,270 1026 Poteet $761,080 0.72% $5,480 $783,912 1.47% $11,524 1028 Poth $405,595 3.49% $14,155 $417,763 4.04% $16,878 1030 Pottsboro $822,257 4.84% $39,797 $846,925 6.01% $50,900 1032 Premont $553,091 0.02% $111 $569,684 0.62% $3,532 1029 Presidio $1,427,497 0.44% $6,281 $1,470,322 0.93% $13,674 1033 Primera $571,022 0.33% $1,884 $588,153 0.78% $4,588 1034 Princeton $2,153,351 10.15% $218,565 $2,217,952 10.66% $236,434 1036 Prosper $8,119,499 12.37% $1,004,382 $8,363,084 13.46% $1,125,671 1037 Providence Village $374,870 7.37% $27,628 $386,116 7.17% $27,685 1042 Quanah $564,919 9.94% $56,153 $576,217 9.99% $57,564 1045 Queen City $503,418 1.45% $7,300 $518,521 1.95% $10,111 1044 Quinlan $612,164 10.14% $62,073 $630,529 10.13% $63,873 1047 Quintana $104,363 1.33% $1,388 $107,494 2.23% $2,397 1046 Quitaque $111,629 4.40% $4,912 $114,978 5.08% $5,841 1048 Quitman $984,263 8.10% $79,725 $1,013,791 8.60% $87,186 1050 Ralls $409,898 7.22% $29,595 $418,096 7.11% $29,727 1051 Rancho Viejo $536,294 6.23% $33,411 $552,383 6.73% $37,175 1052 Ranger $878,759 8.78% $77,155 $905,122 8.10% $73,315 1054 Rankin $219,016 1.07% $2,343 $225,586 1.20% $2,707 1055 Ransom Canyon $515,706 14.40% $74,262 $531,177 14.90% $79,145 1058 Raymondville $2,263,318 0.48% $10,864 $2,331,218 0.98% $22,846 1061 Red Oak $4,999,605 5.31% $265,479 $5,149,593 5.81% $299,191 1062 Redwater $257,806 3.39% $8,740 $265,540 4.09% $10,861 1064 Refugio $1,207,696 0.00% $0 $1,239,096 0.00% $0 1065 Reklaw $250,839 16.34% $40,987 $255,856 16.84% $43,086 *Reflects phase -in, when applicable. Page 14 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 1066 Reno (Lamar County) $464,386 3.18% $14,767 $477,389 3.68% $17,568 1069 Reno (Parker County) $510,399 2.52% $12,862 $525,711 3.22% $16,928 1067 Rhome $583,484 4.91% $28,649 $600,989 5.91% $35,518 1068 Rice $313,697 0.32% $1,004 $323,108 0.93% $3,005 1070 Richardson $69,001,539 13.32% $9,191,005 $71,071,585 13.82% $9,822,093 1073 Richland Hills $4,488,836 16.16% $725,396 $4,623,501 16.14% $746,233 1074 Richland Springs $10,175 0.00% $0 $10,480 0.00% $0 1076 Richmond $7,773,182 13.21% $1,026,837 $8,006,377 13.92% $1,114,488 1077 Richwood $1,050,116 11.00% $115,513 $1,081,619 11.24% $121,574 1072 Riesel $303,272 5.57% $16,892 $312,370 6.19% $19,336 1075 Rio Grande City $5,303,223 7.26% $385,014 $5,462,320 7.19% $392,741 1079 Rio Vista $356,907 4.97% $17,738 $367,614 4.07% $14,962 1080 Rising Star $233,013 0.00% $0 $240,003 0.19% $456 1082 River Oaks $2,255,693 15.50% $349,632 $2,323,364 14.71% $341,767 1084 Roanoke $9,026,507 15.66% $1,413,551 $9,297,302 16.53% $1,536,844 1088 Robert Lee $126,073 5.72% $7,211 $128,594 6.22% $7,999 1089 Robinson $3,268,837 13.17% $430,506 $3,366,902 14.04% $472,713 21090 Robstown $5,878,704 6.10% $358,601 $6,055,065 6.41% $388,130 11090 Robstown Utility Systems $2,376,445 16.53% $392,826 $2,447,738 16.87% $412,933 1092 Roby $115,167 1.59% $1,831 $117,586 3.39% $3,986 1096 Rockdale $1,833,302 9.65% $176,914 $1,888,301 9.90% $186,942 1098 Rockport $5,409,694 15.20% $822,273 $5,571,985 15.05% $838,584 1100 Rocksprings $238,834 0.00% $0 $245,999 1.82% $4,477 1102 Rockwall $18,052,127 16.22% $2,928,055 $18,593,691 16.17% $3,006,600 1104 Rogers $275,290 4.35% $11,975 $283,549 4.92% $13,951 1105 Rollingwood $799,737 7.84% $62,699 $823,729 8.96% $73,806 1106 Roma $3,775,711 10.51% $396,827 $3,888,982 10.89% $423,510 1109 Roscoe $329,425 1.23% $4,052 $336,014 1.73% $5,813 1112 Rosebud $377,794 1.34% $5,062 $388,372 1.83% $7,107 1114 Rosenberg $14,222,538 13.48% $1,917,198 $14,649,214 13.14% $1,924,907 1116 Rotan $227,069 0.00% $0 $231,610 0.00% $0 1118 Round Rock $53,205,380 15.40% $8,193,629 $54,801,541 15.55% $8,521,640 1119 Rowlett $22,809,428 12.42% $2,832,931 $23,493,711 12.92% $3,035,387 1120 Royse City $3,034,803 11.48% $348,395 $3,125,847 12.76% $398,858 1122 Rule $104,857 8.00% $8,389 $108,003 8.50% $9,180 1123 Runaway Bay $592,236 2.10% $12,437 $604,673 2.33% $14,089 1124 Runge $141,934 14.96% $21,233 $145,198 17.63% $25,598 1126 Rusk $1,717,124 5.45% $93,583 $1,768,638 6.66% $117,791 1128 Sabinal $472,460 2.68% $12,662 $486,634 3.13% $15,232 1129 Sachse $7,529,475 13.03% $981,091 $7,755,359 14.05% $1,089,628 1131 Saginaw $7,944,844 17.85% $1,418,155 $8,183,189 17.55% $1,436,150 1130 Saint Jo $264,530 4.30% $11,375 $272,466 5.19% $14,141 1133 Salado $575,904 6.23% $35,879 $593,181 7.10% $42,116 1132 San Angelo $32,888,525 17.09% $5,620,649 $33,809,404 17.59% $5,947,074 21136 San Antonio $335,520,181 10.47% $35,128,963 $345,585,786 10.97% $37,910,761 *Reflects phase -in, when applicable. Page 15 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 11136 San Antonio Water System $99,961,158 3.69% $3,688,567 $102,959,993 3.67% $3,778,632 1138 San Augustine $1,030,383 10.19% $104,996 $1,061,294 10.69% $113,452 1140 San Benito $5,972,044 4.90% $292,630 $6,151,205 5.40% $332,165 1144 San Felipe $194,066 3.57% $6,928 $199,888 4.00% $7,996 1148 San Juan $8,013,286 1.76% $141,034 $8,253,685 2.40% $198,088 1150 San Marcos $36,060,813 17.49% $6,307,036 $37,142,637 17.50% $6,499,961 1152 San Saba $1,848,980 8.05% $148,843 $1,904,449 8.54% $162,640 1146 Sanger $3,367,107 7.13% $240,075 $3,468,120 7.63% $264,618 1153 Sansom Park $1,369,436 4.35% $59,570 $1,410,519 5.34% $75,322 1155 Santa Fe $3,207,843 12.31% $394,885 $3,304,078 12.07% $398,802 1158 Savoy $86,531 0.83% $718 $88,262 0.00% $0 1159 Schertz $16,309,269 15.94% $2,599,697 $16,798,547 15.87% $2,665,929 1160 Schulenburg $1,578,074 21.32% $336,445 $1,620,682 22.44% $363,681 1161 Seabrook $5,772,759 13.72% $792,023 $5,945,942 14.58% $866,918 1162 Seadrift $411,155 3.94% $16,200 $423,490 4.44% $18,803 1164 Seagoville $4,455,316 9.53% $424,592 $4,588,975 10.03% $460,274 1166 Seagraves $714,962 10.09% $72,140 $736,411 9.76% $71,874 1167 Sealy $2,918,535 15.03% $438,656 $3,006,091 15.07% $453,018 1168 Seguin $17,902,888 15.35% $2,748,093 $18,439,975 15.85% $2,922,736 1169 Selma $5,104,862 14.71% $750,925 $5,258,008 14.66% $770,824 1170 Seminole $2,838,727 13.53% $384,080 $2,923,889 12.81% $374,550 1171 Seven Points $568,399 3.87% $21,997 $585,451 4.42% $25,877 1172 Seymour $1,059,740 7.36% $77,997 $1,083,054 7.98% $86,428 1165 Shady Shores $102,218 1.10% $1,124 $105,285 2.07% $2,179 1177 Shallowater $592,547 2.84% $16,828 $610,323 3.34% $20,385 1174 Shamrock $970,005 8.06% $78,182 $999,105 7.14% $71,336 1173 Shavano Park $2,325,054 11.50% $267,381 $2,394,806 12.22% $292,645 1175 Shenandoah $3,487,728 15.98% $557,339 $3,592,360 16.82% $604,235 1181 Shepherd $308,324 2.32% $7,153 $317,574 2.58% $8,193 1176 Sherman $21,711,220 13.29% $2,885,421 $22,340,845 13.79% $3,080,803 1178 Shiner $1,067,919 7.22% $77,104 $1,099,957 7.40% $81,397 1179 Shoreacres $753,839 5.20% $39,200 $774,946 5.65% $43,784 1180 Silsbee $2,756,986 17.38% $479,164 $2,839,696 18.27% $518,812 1182 Silverton $92,409 1.21% $1,118 $94,257 2.90% $2,733 1184 Sinton $2,392,981 12.40% $296,730 $2,464,770 12.63% $311,300 1185 Skellytown $141,461 0.76% $1,075 $145,705 1.52% $2,215 1186 Slaton $1,957,662 6.01% $117,655 $2,014,434 6.51% $131,140 1188 Smithville $2,229,867 5.95% $132,677 $2,296,763 6.51% $149,519 1189 Smyer $83,523 8.00% $6,682 $86,029 9.03% $7,768 1190 Snyder $4,832,731 16.11% $778,553 $4,977,713 15.77% $784,985 1191 Somerset $309,765 2.90% $8,983 $319,058 3.23% $10,306 1192 Somerville $560,661 5.40% $30,276 $577,481 5.40% $31,184 1194 Sonora $1,238,427 8.86% $109,725 $1,275,580 8.96% $114,292 1196 Sour Lake $580,624 3.77% $21,890 $598,043 5.20% $31,098 1198 South Houston $4,885,691 10.94% $534,495 $5,032,262 11.14% $560,594 *Reflects phase -in, when applicable. Page 16 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 1199 South Padre Island $7,953,846 12.46% $991,049 $8,192,461 12.49% $1,023,238 1197 Southlake $21,205,759 11.50% $2,438,662 $21,841,932 12.00 % $2,621,032 1200 Southmayd $167,542 4.89% $8,193 $172,568 8.02% $13,840 1202 Southside Place $1,276,932 10.62% $135,610 $1,315,240 11.41% $150,069 1204 Spearman $933,368 12.06% $112,564 $961,369 12.46% $119,787 1205 Spring Valley Village $2,454,771 6.07% $149,005 $2,528,414 6.67% $168,645 1203 Springtown $1,523,933 9.50% $144,774 $1,569,651 9.75% $153,041 1206 Spur $323,872 5.13% $16,615 $332,617 5.67% $18,859 1207 Stafford $7,738,679 14.51% $1,122,882 $7,970,839 15.02% $1,197,220 1208 Stamford $789,387 5.01% $39,548 $813,069 5.36% $43,580 1210 Stanton $983,811 7.57% $74,474 $1,013,325 8.14% $82,485 1211 Star Harbor $210,001 9.27% $19,467 $216,301 9.51% $20,570 1212 Stephenville $7,362,892 14.19% $1,044,794 $7,583,779 14.29% $1,083,722 1213 Sterling City $218,698 0.39% $853 $224,603 1.14% $2,560 1214 Stinnett $657,750 0.00% $0 $677,483 0.00% $0 1216 Stockdale $351,013 4.09% $14,356 $361,543 4.40% $15,908 1218 Stratford $649,536 7.30% $47,416 $669,022 6.35% $42,483 1224 Sudan $288,482 3.23% $9,318 $295,117 3.73% $11,008 1225 Sugar Land $45,426,170 14.71% $6,682,190 $46,788,955 14.85% $6,948,160 1226 Sulphur Springs $8,052,751 5.75% $463,033 $8,294,334 6.25% $518,396 1228 Sundown $630,101 10.01% $63,073 $649,004 10.51% $68,210 1229 Sunnyvale $1,804,991 12.14% $219,126 $1,859,141 11.96% $222,353 1230 Sunray $545,034 18.93% $103,175 $561,385 19.52% $109,582 1227 Sunrise Beach Village $495,582 0.98% $4,857 $510,449 1.54% $7,861 1231 Sunset Valley $1,729,870 10.29% $178,004 $1,781,766 11.66% $207,754 1233 Surfside Beach $640,322 0.66% $4,226 $659,532 0.84% $5,540 1232 Sweeny $925,465 17.26% $159,735 $953,229 17.84% $170,056 1234 Sweetwater $5,082,812 18.15% $922,530 $5,235,296 17.78% $930,836 1264 TMRS $9,017,377 16.75% $1,510,411 $9,287,898 16.56% $1,538,076 1236 Taft $1,012,612 11.95% $121,007 $1,042,990 13.45% $140,282 1238 Tahoka $644,199 0.00% $0 $663,525 0.40% $2,654 1241 Tatum $421,386 2.09% $8,807 $434,028 2.12% $9,201 1246 Taylor $6,894,622 12.20% $841,144 $7,101,461 11.90% $845,074 1248 Teague $908,258 11.76% $106,811 $935,506 12.10% $113,196 1252 Temple $30,081,165 15.85% $4,767,865 $30,983,600 16.36% $5,068,917 1254 Tenaha $321,861 0.51% $1,641 $331,517 0.47% $1,558 1256 Terrell $9,552,813 17.15% $1,638,307 $9,839,397 16.35% $1,608,741 1258 Terrell Hills $2,498,051 12.66% $316,253 $2,572,993 11.72% $301,555 31263 Tex Municipal League IEBP $9,778,506 4.07% $397,985 $9,974,076 4.63% $461,800 21263 Tex Municipal League IRP $23,077,661 10.33% $2,383,922 $23,769,991 10.99% $2,612,322 21260 Texarkana $8,436,611 15.48% $1,305,987 $8,647,526 15.82% $1,368,039 11260 Texarkana Police Dept $5,773,956 16.76% $967,715 $5,941,401 16.12% $957,754 31260 Texarkana Water Utilities $6,964,188 15.83% $1,102,431 $7,173,114 16.20% $1,162,044 1262 Texas City $20,651,136 16.67% $3,442,544 $21,270,670 16.84% $3,581,981 11263 Texas Municipal League $2,816,938 15.63% $440,287 $2,878,911 16.13% $464,368 *Reflects phase -in, when applicable. Page 17 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 1265 Texhoma $18,661 0.00% $0 $19,034 0.00% $0 1267 The Colony $18,688,938 12.06% $2,253,886 $19,249,606 12.80% $2,463,950 1269 Thompsons $127,663 2.84% $3,626 $131,493 3.48% $4,576 1268 Thorndale $333,617 5.70% $19,016 $343,292 6.66% $22,863 1272 Thrall $161,987 7.33% $11,874 $166,847 7.97% $13,298 1274 Three Rivers $2,119,856 5.14% $108,961 $2,183,452 5.42% $118,343 1276 Throckmorton $145,943 6.54% $9,545 $150,321 6.33% $9,515 1277 Tiki Island $428,810 2.62% $11,235 $441,674 3.20% $14,134 1278 Timpson $535,329 2.22% $11,884 $551,389 2.61% $14,391 1280 Tioga $273,353 0.50% $1,367 $281,554 0.77% $2,168 1283 Tolar $223,699 6.78% $15,167 $230,410 8.10% $18,663 1286 Tom Bean $286,246 2.00% $5,725 $294,833 1.08% $3,184 1284 Tomball $9,859,213 13.30% $1,311,275 $10,154,989 13.59% $1,380,063 1290 Trent $81,551 6.87% $5,603 $83,834 7.82% $6,556 1292 Trenton $134,525 3.69% $4,964 $138,561 4.49% $6,221 1293 Trinidad $201,207 3.72% $7,485 $205,432 4.54% $9,327 1294 Trinity $905,725 6.66% $60,321 $932,897 7.81% $72,859 1295 Trophy Club $4,484,476 12.63% $566,389 $4,619,010 13.13% $606,476 1296 Troup $799,605 4.81% $38,461 $823,593 5.53% $45,545 1297 Troy $495,777 11.47% $56,866 $510,650 11.98% $61,176 1298 Tulia $1,422,993 11.62% $165,352 $1,465,683 11.91% $174,563 1299 Turkey $123,852 5.19% $6,428 $127,568 4.89% $6,238 1301 Tye $480,924 6.56% $31,549 $493,428 7.48% $36,908 1304 Tyler $35,253,822 20.63% $7,272,863 $36,311,437 20.75% $7,534,623 1305 Universal City $6,946,360 18.45% $1,281,603 $7,154,751 19.01% $1,360,118 1306 University Park $15,747,711 5.55% $873,998 $16,220,142 6.12% $992,673 1308 Uvalde $6,178,203 5.96% $368,221 $6,363,549 6.17% $392,631 1312 Valley Mills $170,705 3.62% $6,180 $175,826 2.29% $4,026 1313 Valley View $128,308 2.34% $3,002 $132,157 2.42% $3,198 1314 Van $949,359 7.57% $71,866 $977,840 7.83% $76,565 1316 Van Alstyne $1,434,991 9.52% $136,611 $1,472,301 10.11% $148,850 1318 Van Horn $1,025,128 7.65% $78,422 $1,046,656 8.37% $87,605 1320 Vega $247,751 21.27% $52,697 $255,184 22.65% $57,799 1324 Venus $715,624 9.49% $67,913 $737,093 10.35% $76,289 1326 Vernon $3,906,207 11.69% $456,636 $4,023,393 12.19% $490,452 1328 Victoria $29,985,895 16.68% $5,001,647 $30,885,472 16.49% $5,093,014 1329 Vidor $3,246,697 15.55% $504,861 $3,344,098 16.02% $535,724 1500 Village Fire Department $3,415,218 6.70% $228,820 $3,510,844 7.39% $259,451 1330 Waco $78,601,095 12.96% $10,186,702 $80,959,128 13.46% $10,897,099 1332 Waelder $541,335 1.85% $10,015 $557,575 2.40% $13,382 1334 Wake Village $1,046,155 12.22% $127,840 $1,077,540 13.22% $142,451 1336 Waller $1,506,590 3.92% $59,058 $1,551,788 4.42% $68,589 1337 Wallis $346,808 2.35% $8,150 $357,212 2.80% $10,002 1338 Walnut Springs $99,477 2.01% $1,999 $102,461 2.51% $2,572 1340 Waskom $721,767 6.40% $46,193 $739,811 7.01% $51,861 *Reflects phase -in, when applicable. Page 18 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN CITY # CITY NAME EXPECTED COMPENSATION 2016 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS EXPECTED COMPENSATION 2017 EXPECTED CONTRIBUTIONS TOTAL RATE* EXPECTED CONTRIBUTIONS 1341 Watauga $9,213,632 13.16% $1,212,514 $9,490,041 13.66% $1,296,340 1342 Waxahachie $12,649,932 14.83% $1,875,985 $13,029,430 15.33% $1,997,412 1344 Weatherford $20,602,420 12.85% $2,647,411 $21,220,493 13.35% $2,832,936 1345 Webster $10,000,684 16.97% $1,697,116 $10,300,705 17.12% $1,763,481 1346 Weimar $1,181,938 17.36% $205,184 $1,211,486 18.58 % $225,094 1350 Wellington $392,283 2.76% $10,827 $404,051 3.26% $13,172 1352 Wells $65,718 3.73% $2,451 $67,032 3.73% $2,500 1354 Weslaco $9,070,127 6.05% $548,743 $9,251,530 6.78% $627,254 1356 West $777,647 2.15% $16,719 $800,976 2.16% $17,301 1358 West Columbia $1,429,311 2.44% $34,875 $1,472,190 2.94% $43,282 1359 West Lake Hills $1,875,713 15.77% $295,800 $1,931,984 16.76% $323,801 1361 West Orange $1,334,191 20.22% $269,773 $1,374,217 20.33% $279,378 1365 West Tawakoni $462,493 10.54% $48,747 $471,743 11.04% $52,080 1364 West Univ. Place $8,635,298 11.89% $1,026,737 $8,894,357 12.89% $1,146,483 1363 Westlake $2,758,809 10.37% $286,088 $2,841,573 11.37% $323,087 1362 Westover Hills $1,086,444 1.25% $13,581 $1,119,037 1.83% $20,478 1366 Westworth Village $2,468,124 8.97% $221,391 $2,542,168 9.87% $250,912 1368 Wharton $4,895,426 6.05% $296,173 $5,042,289 6.17% $311,109 1370 Wheeler $305,845 8.43% $25,783 $315,020 7.30% $22,996 1372 White Deer $233,389 7.09% $16,547 $240,391 7.72% $18,558 1377 White Oak $1,987,552 14.70% $292,170 $2,047,179 15.34% $314,037 1378 White Settlement $6,067,270 10.52% $638,277 $6,249,288 10.56% $659,925 1374 Whiteface $131,587 2.22% $2,921 $135,535 1.92% $2,602 1375 Whitehouse $1,788,480 5.11% $91,391 $1,833,192 5.45% $99,909 1376 Whitesboro $1,856,294 6.90% $128,084 $1,911,983 7.29% $139,384 1380 Whitewright $767,706 4.03% $30,939 $790,737 4.99% $39,458 1382 Whitney $662,363 4.08% $27,024 $675,610 4.26% $28,781 1384 Wichita Falls $45,681,660 11.92% $5,445,254 $47,052,110 12.42% $5,843,872 1386 Willis $2,033,314 9.16% $186,252 $2,094,313 9.66% $202,311 1387 Willow Park $1,866,593 6.60% $123,195 $1,922,591 7.10% $136,504 1388 Wills Point $1,075,213 10.92% $117,413 $1,097,792 11.94% $131,076 1390 Wilmer $1,382,341 1.92% $26,541 $1,418,282 2.68% $38,010 1392 Wimberley $334,434 2.11% $7,057 $344,467 2.54% $8,749 1393 Windcrest $2,827,717 7.24% $204,727 $2,912,549 7.75% $225,723 1395 Winfield $251,597 1.79% $4,504 $259,145 2.65% $6,867 1396 Wink $331,489 4.84% $16,044 $340,771 6.43% $21,912 1398 Winnsboro $1,442,845 9.88% $142,553 $1,486,130 10.18% $151,288 1399 Winona $172,535 7.35% $12,681 $177,711 5.44% $9,667 1400 Winters $519,980 9.18% $47,734 $533,499 9.97% $53,190 1403 Wolfforth $1,093,792 11.05% $120,864 $1,126,606 11.76% $132,489 1409 Woodcreek $96,297 2.92% $2,812 $99,186 2.77% $2,747 1404 Woodsboro $442,164 0.00% $0 $455,429 0.32% $1,457 1406 Woodville $1,436,708 15.62% $224,414 $1,479,809 16.12% $238,545 1407 Woodway $4,378,537 15.68% $686,555 $4,509,893 16.45% $741,877 1408 Wortham $319,076 4.62% $14,741 $327,372 5.44% $17,809 *Reflects phase -in, when applicable. Page 19 of 20 SECTION 4 TEXAS MUNICIPAL RETIREMENT SYSTEM COMPARISON OF EXPECTED CITY CONTRIBUTION AMOUNTS FOR THE RETIREMENT PLAN *Reflects phase -in, when applicable. Page 20 of 20 2016 EXPECTED 2017 EXPECTED CONTRIBUTIONS CONTRIBUTIONS EXPECTED TOTAL EXPECTED EXPECTED TOTAL EXPECTED CITY # CITY NAME COMPENSATION RATE* CONTRIBUTIONS COMPENSATION RATE* CONTRIBUTIONS 1410 Wylie $17,473,630 14.45% $2,524,940 $17,997,839 14.97% $2,694,276 1412 Yoakum $3,756,712 15.08% $566,512 $3,869,413 15.61% $604,015 1414 Yorktown $573,004 0.70% $4,011 $590,194 1.27% $7,495 1415 Zavalla $211,064 1.77% $3,736 $215,285 2.71% $5,834 *Reflects phase -in, when applicable. Page 20 of 20 SECTION 5 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY ACTIVES ACTIVES & CITY ACTIVES ACTIVES & NO. CITY NAME ONLY RETIREES CODE* N0. CITY NAME ONLY RETIREES CODE* 4 Abernathy 0.14 % 0.27 % 3 110 Bells 0.07 % 0.10 % 3 6 Abilene 0.15 % 0.25 % 3 112 Bellville 0.18 % 0.28 % 3 7 Addison 0.14 % 0.17 % 3 114 Belton 0.12 % 0.16 % 3 10 Alamo 0.14 % 0.18 % 3 118 Benbrook 0.13 % 0.15 % 3 12 Alamo Heights 0.12 % 0.19 % 3 121 Berryville 0.13 % 0.23 % 3 14 Alba 0.15 % 0.15 % 3 123 Bertram 0.08 % 010 % 1 16 Albany 0.26 % 0.31 % 3 124 Big Lake 0.15 % 0.24 % 3 17 Aledo 0.12 % 0.17 % 3 126 Big Sandy 0.27 % 0.32 % 3 18 Alice 0.16 % 0.22 % 1 128 Big Spring 0.14 % 0.22 % 3 19 Allen 0.13 % 0.14 % 3 132 Bishop 0.14 % 0.26 % 3 20 Alpine 015 % 0.20 % 3 134 Blanco 0.20 % 0.23 % 3 22 Alto 0.08 % 0.19 % 3 140 Blooming Grove 0.09 % 0.13 % 3 23 Alton 0.11 % 0.12 % 3 142 Blossom 0.26 % 0.48 % 3 24 Alvarado 012 % 0.13 % 3 143 Blue Mound 0.09 % 0.11 % 3 26 Alvin 0.12 % 0.16 % 3 144 Blue Ridge 0.05 % 0.19 % 3 28 Alvord 0.09 % 0.16 % 3 148 Boerne 0.14 % 0.16 % 3 30 Amarillo 0.15 % 0.22 % 1 150 Bogata 0.20 % 0.22 % 3 32 Amherst 0.08 % 0.18 % 1 152 Bonham 0.12 % 0.17 % 1 34 Anahuac 0.08 % 017 % 3 154 Booker 0.22 % 0.27 % 3 36 Andrews 0.16 % 0.20 % 1 156 Borger 0.15 % 0.20 % 3 38 Angleton 0.17 % 0.22 % 3 158 Bovina 0.09 % 0.17 % 3 40 Anna 0.11 % 0.11 % 3 160 Bowie 0.11 % 0.17 % 3 41 Annetta 0.07 % 0.07 % 3 162 Boyd 0.07 % 0.11 % 1 44 Anson 0.14 % 0.27 % 3 166 Brady 0.16 % 0.23 % 3 45 Anthony 0.11 % 0.13 % 3 170 Brazoria 0.14 % 0.19 % 3 48 Aransas Pass 0.12 % 0.16 % 3 172 Breckenridge 0.16 % 0.23 % 3 50 Archer City 0.22 % 0.27 % 3 174 Bremond 0.13 % 0.32 % 3 51 Argyle 0.17 % 0.19 % 1 176 Brenham 0.14 % 0.20 % 1 52 Arlington 0.11 % 0.15 % 3 177 Bridge City 0.25 % 0.30 % 3 54 Arp 0.15 % 023 % 3 178 Bridgeport 0.11 % 0.15 % 3 60 Aspermont 0.11 % 0.16 % 3 180 Bronte 0.12 % 0.14 % 3 62 Athens 0.16 % 0.19 % 3 182 Brookshire 0.13 % 0.15 % 3 64 Atlanta 0.17 % 0.22 % 3 184 Brownfield 0.19 % 0.23 % 1 66 Aubrey 0.14 % 0.15 % 3 10188 Brownsville 0.12 % 0.16 % 3 74 Avinger 028 % 028 % 3 20188 Brownsville PUB 0.13 % 0.19 % 3 75 Azle 0.13 % 0.17 % 3 10190 Brownwood 0.16 % 0.23 % 1 77 Baird 0.10 % 0.14 % 3 30190 Brownwood Health Dept. 0.13 % 023 % 1 78 Balch Springs 0.12 % 0.15 % 3 20190 Brownwood Public Library 0.21 % 0.35 % 1 79 Balcones Heights 0.14 % 0.18 % 3 195 Bruceville -Eddy 0.10 % 0.17 % 3 80 Ballinger 022 % 0.27 % 3 192 Bryan 0.13 % 0.17 % 1 82 Balmorhea 0.07 % 0.07 % 3 193 Bryson 0.06 % 0.10 % 1 83 Bandera 0.24 % 0.35 % 3 194 Buda 0.13 % 0.15 % 3 84 Bangs 0.18 % 0.30 % 3 196 Buffalo 0.28 % 0.33 % 3 90 Bartlett 0.13 % 0.20 % 3 198 Bullard 0.13 % 0.15 % 3 91 Bartonville 0.08 % 0.09 % 3 203 Bulverde 0.10 % 0.11 % 3 92 Bastrop 0.15 % 0.17 % 3 199 Bunker Hill Village 0.13 % 0.18 % 3 94 Bay City 0.15 % 0.23 % 3 200 Burkburnett 0.15 % 0.22 % 3 93 Bayou Vista 0.23 % 0.25 % 3 202 Burleson 0.11 % 0.13 % 3 96 Baytown 0.12 % 0.16 % 3 204 Burnet 0.13 % 0.17 % 3 98 Beaumont 0.15 % 0.22 % 1 206 Burton 0.10 % 0.10 % 3 100 Bedford 0.12 % 0.13 % 1 207 Cactus 0.09 % 0.15 % 3 101 Bee Cave 0.13 % 0.14 % 3 208 Caddo Mills 0.13 % 0.14 % 3 102 Beeville 0.14 % 0.23 % 1 210 Caldwell 0.26 % 0.34 % 3 106 Bellaire 0.16 % 0.21 % 3 212 Calvert 0.26 % 0.30 % 3 109 Bellmead 0.16 % 0.20 % 3 214 Cameron 0.17 % 0.27 % 3 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 =Actives only, 3 =Actives and Retirees Page 1 of 8 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY ACTIVES ACTIVES & CITY ACTIVES ACTIVES & NO. CITY NAME ONLY RETIREES CODE* N0. CITY NAME ONLY RETIREES CODE* 220 Canadian 0.12 % 0.15 % 3 311 Covington 0.21 % 0.21 % 3 222 Canton 018 % 0.21 % 3 310 Crandall 0.13 % 0.17 % 3 224 Canyon 0.16 % 0.19 % 3 312 Crane 0.13 % 0.19 % 3 227 Carmine 0.09 % 0.09 % 3 314 Crawford 0.07 % 0.07 % 1 228 Carrizo Springs 0.14 % 021 % 3 316 Crockett 022 % 0.32 % 3 230 Carrollton 0.13 % 0.17 % 1 318 Crosbyton 0.23 % 0.60 % 3 232 Carthage 0.18 % 0.24 % 3 320 Cross Plains 0.33 % 037 % 3 231 Castle Hills 0.15 % 0.20 % 3 321 Cross Roads 0.02 % 0.03 % 3 234 Castroville 0.19 % 0.30 % 3 323 Crowley 0.12 % 0.14 % 3 238 Cedar Hill 0.13 % 0.15 % 3 324 Crystal City 0.17 % 0.24 % 1 239 Cedar Park 0.10 % 0.11 % 3 326 Cuero 0.19 % 0.24 % 3 240 Celeste 0.18 % 0.20 % 3 328 Cumby 0.10 % 0.11 % 3 242 Celina 0.14 % 0.14 % 3 332 Daingerfield 0.20 % 0.22 % 1 244 Center 0.12 % 0.19 % 3 334 Daisetta 0.21 % 0.24 % 3 246 Centerville 0.17 % 0.18 % 1 336 Dalhart 0.15 % 0.20 % 3 247 Chandler 0.22 % 0.24 % 3 339 Dalworthington Gardens 0.13 % 0.15 % 3 248 Charlotte 013 % 0.14 % 3 340 Danbury 0.13 % 0.14 % 3 249 Chester 0.35 % 0.35 % 3 341 Darrouzett 0.04 % 0.04 % 3 245 Chico 0.25 % 0.36 % 3 344 Dayton 0.17 % 0.21 % 3 250 Childress 0.19 % 0.27 % 3 352 De Leon 0.08 % 0.15 % 3 253 Chireno 0.09 % 0.18 % 3 10366 DeSoto 0.12 % 0.15 % 3 254 Christine 0.02 % 0.06 % 1 346 Decatur 0.17 % 0.20 % 3 255 Cibolo 0.12 % 0.13 % 3 348 Deer Park 0.13 % 0.17 % 3 256 Cisco 0.21 % 0.27 % 2 350 Dekalb 0.18 % 0.21 % 3 258 Clarendon 0.26 % 0.30 % 3 354 Del Rio 0.15 % 0.17 % 3 259 Clarksville 0.18 % 0.20 % 3 353 Dell City 0.07 % 0.23 % 3 260 Clarksville City 0.04 % 0.15 % 3 356 Denison 0.17 % 0.23 % 1 263 Clear Lake Shores 0.18 % 0.19 % 3 358 Denton 0.16 % 0.18 % 3 264 Cleburne 0.14 % 0.21 % 3 360 Denver City 0.21 % 0.27 % 3 266 Cleveland 0.12 % 0.24 % 3 362 Deport 0.05 % 0.07 % 3 268 Clifton 0.17 % 0.28 % 3 370 Devine 0.19 % 0.21 % 3 271 Clute 0.15 % 0.19 % 3 371 Diboll 0.10 % 0.16 % 3 272 Clyde 0.12 % 0.19 % 3 372 Dickens 0.07 % ON % 3 274 Coahoma 0.13 % 0.29 % 3 373 Dickinson 0.16 % 0.18 % 3 276 Cockrell Hill 0.11 % 0.14 % 3 374 Dilley 0.21 % 0.23 % 3 278 Coleman 0.22 % 0.32 % 1 376 Dimmitt 0.23 % 0.28 % 1 280 College Station 0.11 % 0.13 % 1 382 Donna 0.13 % 0.16 % 1 281 Colleyville 0.11 % 0.14 % 3 379 Double Oak 0.20 % 024 % 3 282 Collinsville 0.20 % 0.25 % 3 383 Dripping Springs 0.12 % 0.12 % 3 283 Colmesneil 0.06 % 0.06 % 3 385 Driscoll 0.04 % 0.08 % 3 284 Colorado City 0.21 % 0.33 % 3 384 Dublin 0.17 % 0.20 % 3 286 Columbus 0.14 % 0.20 % 3 386 Dumas 0.12 % 0.18 % 3 288 Comanche 0.16 % 0.27 % 3 388 Duncanville 0.14 % 0.19 % 1 290 Commerce 0.17 % 0.26 % 3 394 Eagle Lake 0.16 % 0.21 % 3 294 Conroe 0.13 % 0.15 % 1 396 Eagle Pass 0.15 % 0.22 % 3 295 Converse 0.12 % 0.14 % 3 397 Early 0.12 % 0.17 % 3 298 Cooper 0.29 % 0.32 % 3 399 Earth 0.17 % 0.25 % 3 299 Coppell 0.13 % 0.15 % 3 393 East Bernard 0.28 % 0.28 % 3 297 Copper Canyon 0.47 % 0.47 % 3 401 East Mountain 0.06 % 0.08 % 3 300 Copperas Cove 0.12 % 0.20 % 3 395 East Tawakoni 0.27 % 0.31 % 3 301 Corinth 0.10 % 0.12 % 3 398 Eastland 0.24 % 0.31 % 3 302 Corpus Christi 0.15 % 0.25 % 1 402 Ector 0.33 % 0.39 % 3 304 Corrigan 0.17 % 0.24 % 3 406 Eden 0.18 % 0.23 % 3 306 Corsicana 0.15 % 0.24 % 3 408 Edgewood 0.33 % 0.41 % 3 308 Cotulla 0.21 % 0.25 % 3 410 Edinburg 0.11 % 0.14 % 3 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 = Actives only, 3 = Actives and Retirees Page 2 of 8 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY ACTIVES ACTIVES & CITY ACTIVES ACTIVES & NO. CITY NAME ONLY RETIREES CODE* N0. CITY NAME ONLY RETIREES CODE* 412 Edna 0.16 % 0.22 % 3 514 Gladewater 0.16 % 0.20 % 3 414 El Campo 015 % 0.21 % 3 516 Glen Rose 0.17 % 0.25 % 3 416 Eldorado 0.09 % 0.24 % 3 517 Glenn Heights 0.13 % 0.16 % 3 418 Electra 0.14 % 0.23 % 3 518 Godley 0.10 % 0.18 % 3 420 Elgin 025 % 027 % 3 519 Goldsmith 0.41 % 0.41 % 3 422 Elkhart 0.30 % 0.34 % 1 520 Goldthwaite 0.26 % 0.28 % 3 427 Elmendorf 0.09 % 0.12 % 3 522 Goliad 0.25 % 019 % 3 432 Emory 0.20 % 0.23 % 3 524 Gonzales 0.11 % 0.18 % 3 436 Ennis 0.15 % 0.21 % 3 532 Graford 0.20 % 0.20 % 3 439 Euless 013 % 016 % 1 10534 Graham 0.20 % 0.32 % 3 440 Eustace 0.18 % 0.28 % 3 536 Granbury 0.18 % 0.22 % 3 441 Everman 021 % 0.23 % 3 540 Grand Prairie 0.13 % 0.17 % 3 443 Fair Oaks Ranch 0.11 % 0.12 % 3 542 Grand Saline 0.30 % 0.37 % 3 442 Fairfield 0.17 % 0.23 % 3 544 Grandview 0.10 % 0.21 % 1 445 Fairview 014 % 0.15 % 3 546 Granger 0.33 % 0.42 % 1 20444 Falfurrias 0.21 % 0.25 % 3 547 Granite Shoals 0.17 % 0.21 % 3 446 Falls City 018 % 0.32 % 3 548 Grapeland 0.14 % 0.31 % 1 448 Farmers Branch 0.13 % 0.18 % 2 550 Grapevine 0.16 % 0.19 % 1 450 Farmersville 0.17 % 0.21 % 3 552 Greenville 0.18 % 0.23 % 3 451 Farwell 0.09 % 0.11 % 3 551 Gregory 0.14 % 0.18 % 3 452 Fate 0.08 % 0.09 % 3 553 Grey Forest 0.23 % 0.26 % 3 454 Fayetteville 0.12 % 0.27 % 1 556 Groesbeck 0.19 % 0.22 % 3 456 Ferris 0.11 % 0.17 % 3 558 Groom 0.16 % 0.25 % 1 458 Flatonia 0.17 % 0.21 % 3 559 Groves 0.14 % 0.22 % 1 460 Florence 0.09 % 0.12 % 3 560 Groveton 0.17 % 0.19 % 3 20462 Floresville 0.16 % 0.20 % 1 562 Gruver 0.15 % 0.23 % 1 463 Flower Mound 0.12 % 0.13 % 3 563 Gun Barrel City 0.17 % 0.20 % 3 464 Floydada 0.19 % 0.29 % 3 564 Gunter 0.12 % 0.17 % 3 468 Forest Hill 0.09 % 0.12 % 3 568 Hale Center 0.19 % 0.20 % 3 470 Forney 0.11 % 012 % 3 570 Hallettsville 0.19 % 0.27 % 3 472 Fort Stockton 0.15 % 0.25 % 3 572 Hallsville 0.19 % 0.23 % 3 476 Franklin 0.22 % 0.24 % 1 574 Haltom City 0.14 % 0.18 % 3 478 Frankston 022 % 0.28 % 3 576 Hamilton 0.21 % 029 % 3 480 Fredericksburg 0.18 % 0.23 % 3 578 Hamlin 0.10 % 0.31 % 3 482 Freeport 0.10 % 0.15 % 3 580 Happy 011 % 0.35 % 3 481 Freer 0.23 % 0.28 % 3 581 Harker Heights 0.13 % 0.15 % 3 483 Friendswood 0.16 % 0.20 % 3 10582 Harlingen 0.17 % 0.31 % 3 484 Friona 012 % 0.17 % 3 20582 Harlingen Waterworks Sys 0.17 % 026 % 3 486 Frisco 0.12 % 0.13 % 3 583 Hart 0.05 % 0.09 % 1 487 Fritch 0.20 % 0.24 % 3 586 Haskell 0.17 % 0.26 % 3 488 Frost 0.41 % 0.50 % 1 587 Haslet 0.15 % 0.16 % 3 491 Fulshear 0.10 % 0.10 % 3 588 Hawkins 0.23 % 0.27 % 3 493 Fulton 033 % 0.35 % 3 585 Hays 0.47 % 0.79 % 3 492 Gainesville 0.13 % 0.20 % 3 590 Hearne 0.14 % 0.23 % 3 494 Galena Park 0.14 % 0.26 % 3 591 Heath 0.16 % 0.17 % 3 498 Ganado 0.22 % 0.36 % 3 592 Hedley 0.08 % 0.39 % 3 499 Garden Ridge 0.14 % 0.16 % 3 595 Hedwig Village 0.17 % 0.19 % 3 500 Garland 0.16 % 0.20 % 3 593 Helotes 0.11 % 0.12 % 3 502 Garrison 0.10 % 0.14 % 3 594 Hemphill 0.32 % 0.35 % 3 503 Gary 0.14 % 0.17 % 1 596 Hempstead 0.20 % 0.23 % 3 504 Galesville 0.15 % 0.21 % 3 598 Henderson 0.09 % 0.15 % 3 505 George West 0.16 % 0.17 % 3 600 Henrietta 0.19 % 0.24 % 3 506 Georgetown 0.12 % 0.13 % 3 602 Hereford 0.14 % 0.20 % 3 510 Giddings 0.19 % 0.25 % 3 605 Hewitt 0.11 % 0.13 % 3 512 Gilmer 0.19 % 0.25 % 3 609 Hickory Creek 0.07 % 0.08 % 3 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 = Actives only, 3 = Actives and Retirees Page 3 of 8 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY ACTIVES ACTIVES & CITY ACTIVES ACTIVES & NO. CITY NAME ONLY RETIREES CODE* N0. CITY NAME ONLY RETIREES CODE* 606 Hico 0.20 % 0.30 % 3 682 Kaufman 0.15 % 0.18 % 3 607 Hidalgo 014 % 0.16 % 1 683 Keene 0.14 % 0.17 % 3 608 Higgins 0.39 % 0.39 % 3 681 Keller 0.12 % 0.13 % 3 610 Highland Park 0.14 % 0.17 % 1 685 Kemah 0.13 % 0.15 % 3 611 Highland Village 0.13 % 015 % 3 684 Kemp 011 % 0.18 % 1 613 Hill Country Village 0.12 % 0.12 % 3 686 Kenedy 0.18 % 0.20 % 3 612 Hillsboro 015 % 0.18 % 1 688 Kennedale 0.14 % 0.17 % 3 619 Hilshire Village 0.28 % 0.28 % 3 690 Kerens 0.15 % 0.15 % 3 614 Hitchcock 0.20 % 0.21 % 3 692 Kermit 0.19 % 0.25 % 3 615 Holland 035 % 0.43 % 3 10694 Kerrville 0.12 % 0.18 % 3 616 Holliday 0.12 % 0.12 % 1 20694 Kerrville PUB 0.16 % 0.19 % 3 617 Hollywood Park 0.12 % 0.15 % 3 10696 Kilgore 0.15 % 0.21 % 3 618 Hondo 0.17 % 0.21 % 3 698 Killeen 0.12 % 0.15 % 3 620 Honey Grove 0.24 % 0.35 % 3 700 Kingsville 0.13 % 0.18 % 1 622 Hooks 013 % 0.21 % 3 701 Kirby 0.11 % 012 % 3 626 Howe 0.18 % 0.27 % 3 702 Kirbyville 0.17 % 0.34 % 3 627 Hubbard 018 % 0.18 % 3 704 Knox City 0.30 % 0.34 % 3 628 Hudson 0.19 % 0.20 % 3 708 Kountze 0.11 % 0.15 % 3 629 Hudson Oaks 0.07 % 0.09 % 3 709 Kress 0.20 % 1.14 % 1 630 Hughes Springs 0.26 % 0.26 % 3 699 Krugerville 0.10 % 0.10 % 3 632 Humble 0.14 % 0.17 % 3 707 Krum 0.13 % 0.14 % 3 633 Hunters Creek Village 0.11 % 0.35 % 3 710 Kyle 0.13 % 0.14 % 3 634 Huntington 0.09 % 0.13 % 3 725 La Costs 0.27 % 0.27 % 1 636 Huntsville 0.13 % 0.17 % 3 714 La Feria 0.16 % 0.22 % 3 637 Hurst 0.14 % 0.18 % 1 716 La Grange 0.22 % 0.27 % 3 638 Hutchins 0.11 % 0.12 % 3 723 La Grulla 0.09 % 0.15 % 3 640 Hutto 0.11 % 0.12 % 3 732 La Joya 0.16 % 0.18 % 3 641 Huxley 0.14 % 0.22 % 3 721 La Marque 0.11 % 0.17 % 3 642 Idalou 0.08 % 0.08 % 3 728 La Porte 0.14 % 0.17 % 3 643 Ingleside 0.28 % 0.32 % 3 731 La Vernia 0.10 % 0.12 % 3 646 Ingram 0.25 % 0.29 % 1 711 Lacy- Lakeview 0.16 % 0.19 % 3 647 Iowa Colony 0.22 % 0.22 % 3 712 Ladonia 0.16 % 0.28 % 3 644 Iowa Park 017 % 0.22 % 3 713 Lago Vista 0.20 % 022 % 3 645 Iraan 0.26 % 0.39 % 3 705 Laguna Vista 0.14 % 0.14 % 3 648 Irving 0.14 % 0.18 % 3 717 Lake Dallas 0.21 % 0.26 % 3 650 Italy 0.06 % 0.08 % 3 718 Lake Jackson 0.15 % 0.20 % 3 652 Itasca 0.16 % 0.22 % 3 719 Lake Worth 0.11 % 0.15 % 3 654 Jacinto City 019 % 0.23 % 3 727 Lakeport 0.13 % 0.15 % 3 656 Jacksboro 0.16 % 0.21 % 3 715 Lakeside 0.21 % 0.24 % 3 658 Jacksonville 0.16 % 0.22 % 3 729 Lakeside City 0.09 % 0.17 % 3 660 Jasper 0.17 % 0.23 % 3 720 Lakeway 0.12 % 0.15 % 3 664 Jefferson 0.26 % 0.32 % 3 722 Lamesa 0.16 % 0.24 % 1 665 Jersey Village 013 % 0.16 % 3 724 Lampasas 0.14 % 0.19 % 3 666 Jewett 0.21 % 0.22 % 3 726 Lancaster 0.10 % 0.14 % 3 668 Joaquin 0.27 % 0.38 % 3 730 Laredo 0.15 % 0.19 % 3 670 Johnson City 0.14 % 0.15 % 3 733 Lavon 0.19 % 0.20 % 3 673 Jones Creek 0.32 % 0.39 % 3 736 League City 0.12 % 0.14 % 3 675 Jonestown 020 % 0.24 % 3 737 Leander 0.13 % 0.14 % 3 677 Josephine 0.08 % 0.08 % 3 735 Lefors 0.04 % 0.04 % 3 671 Joshua 0.10 % 0.11 % 3 739 Leon Valley 0.14 % 0.19 % 3 672 Jourdanton 0.22 % 0.28 % 3 738 Leonard 0.19 % 0.24 % 3 674 Junction 0.18 % 0.26 % 3 740 Levelland 0.16 % 0.19 % 3 676 Justin 0.09 % 0.11 % 1 742 Lewisville 0.12 % 0.15 % 1 678 Karnes City 0.13 % 0.19 % 3 744 Lexington 0.12 % 0.17 % 1 680 Katy 0.14 % 0.17 % 3 746 Liberty 0.14 % 0.16 % 1 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 = Actives only, 3 = Actives and Retirees Page 4 of 8 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY ACTIVES ACTIVES & CITY ACTIVES ACTIVES & NO. CITY NAME ONLY RETIREES CODE* N0. CITY NAME ONLY RETIREES CODE* 745 Liberty Hill 0.17 % 0.17 % 3 840 Memphis 0.19 % 0.24 % 3 748 Lindale 016 % 0.18 % 1 842 Menard 0.09 % 0.20 % 1 750 Linden 0.35 % 0.39 % 3 844 Mercedes 0.16 % 0.21 % 3 755 Lipan 0.25 % 0.25 % 3 846 Meridian 0.08 % 0.09 % 3 751 Little Elm 011 % 012 % 3 848 Merkel 0.09 % 0.12 % 3 752 Littlefield 0.09 % 0.18 % 3 852 Mertzon 0.47 % 0.53 % 3 753 Live Oak 013 % 0.15 % 3 854 Mesquite 0.13 % 0.17 % 1 757 Liverpool 0.20 % 0.20 % 3 856 Mexia 0.17 % 0.23 % 3 754 Livingston 0.20 % 0.25 % 3 860 Midland 0.13 % 0.20 % 3 756 Llano 0.19 % 0.29 % 3 862 Midlothian 0.12 % 0.15 % 3 758 Lockhart 0.18 % 0.24 % 3 863 Milano 0.24 % 0.24 % 3 760 Lockney 026 % 0.69 % 3 864 Miles 0.07 % 0.07 % 3 765 Lone Star 0.13 % 0.18 % 3 865 Milford 0.24 % 0.32 % 3 766 Longview 0.14 % 0.20 % 3 868 Mineola 0.14 % 0.18 % 3 768 Loraine 0.04 % 0.05 % 3 870 Mineral Wells 0.19 % 0.26 % 3 769 Lorena 0.24 % 0.27 % 3 874 Mission 0.13 % 0.15 % 3 770 Lorenzo 016 % 0.17 % 1 875 Missouri City 0.10 % 0.12 % 3 771 Los Fresnos 0.13 % 0.16 % 3 876 Monahans 0.18 % 0.25 % 3 773 Lott 0.07 % 0.07 % 3 887 Mont Belvieu 0.15 % 0.17 % 3 774 Lovelady 0.07 % 0.11 % 3 877 Montgomery 0.16 % 0.19 % 1 778 Lubbock 0.15 % 0.22 % 1 878 Moody 0.11 % 0.15 % 3 779 Lucas 0.15 % 0.15 % 3 883 Morgan's Point 0.22 % 0.31 % 2 782 Lufkin 0.15 % 0.20 % 3 882 Morgan's Point Resort 0.18 % 0.23 % 3 784 Luling 0.19 % 0.30 % 3 884 Morton 0.15 % 0.18 % 3 785 Lumberton 0.16 % 0.20 % 3 886 Moulton 0.13 % 0.17 % 3 786 Lyford 0.14 % 0.15 % 1 890 Mount Enterprise 0.37 % 0.37 % 3 787 Lytle 0.15 % 0.16 % 3 892 Mt. Pleasant 0.13 % 0.18 % 3 790 Madisonville 0.25 % 0.33 % 3 894 Mt. Vernon 0.12 % 0.21 % 3 791 Magnolia 0.28 % 0.32 % 3 896 Muenster 0.27 % 0.43 % 1 792 Malakoff 0.19 % 0.23 % 3 898 Muleshoe 0.13 % 0.19 % 3 796 Manor 0.12 % 0.12 % 3 901 Munday 0.18 % 0.21 % 3 798 Mansfield 0.14 % 0.16 % 3 903 Murphy 0.10 % 0.11 % 3 799 Manvel 0.14 % 0.15 % 3 10904 Nacogdoches 0.13 % 0.18 % 3 800 Marble Falls 0.15 % 0.19 % 3 906 Naples 0.39 % 0.46 % 3 802 Marfa 0.26 % 0.36 % 3 907 Nash 0.10 % 0.17 % 3 804 Marion 0.38 % 0.42 % 3 905 Nassau Bay 0.12 % 0.15 % 3 806 Marlin 0.13 % 0.29 % 3 909 Natalia 0.16 % 0.18 % 3 810 Marshall 0.15 % 0.23 % 3 908 Navasota 0.12 % 0.16 % 3 812 Mart 0.15 % 0.24 % 3 910 Nederland 0.14 % 0.19 % 1 813 Martindale 0.16 % 0.17 % 3 912 Needville 0.31 % 0.43 % 3 814 Mason 0.18 % 0.26 % 3 914 New Boston 0.17 % 0.23 % 3 816 Matador 0.26 % 0.27 % 3 10916 New Braunfels 0.11 % 0.14 % 3 818 Mathis 013 % 0.18 % 3 20916 New Braunfels Utilities 0.15 % 0.18 % 3 820 Maud 0.08 % 0.10 % 3 915 New Deal 0.14 % 0.15 % 1 822 Maypearl 0.09 % 0.13 % 3 923 New Fairview 0.02 % 0.11 % 3 824 McAllen 0.12 % 0.16 % 1 918 New London 0.21 % 0.23 % 1 826 McCamey 0.12 % 0.15 % 3 919 New Summerfield 0.09 % 0.09 % 1 828 McGregor 0.19 % 0.26 % 3 917 New Waverly 0.22 % 0.26 % 3 830 McKinney 0.12 % 0.13 % 3 913 Newark 0.09 % 0.09 % 3 832 McLean 0.17 % 0.19 % 3 920 Newton 0.12 % 0.21 % 3 833 McLendon - Chisholm 0.77 % 0.77 % 3 922 Nixon 0.16 % 0.21 % 3 831 Meadowlakes 0.14 % 0.14 % 3 924 Nocona 0.15 % 0.20 % 3 835 Meadows Place 0.16 % 0.19 % 3 925 Nolanville 0.07 % 0.08 % 3 837 Melissa 0.13 % 0.15 % 3 928 Normangee 0.09 % 0.12 % 3 1501 Memorial Villages PD 0.12 % 0.17 % 3 931 North Richland Hills 0.11 % 0.14 % 1 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 = Actives only, 3 = Actives and Retirees Page 5 of 8 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY NO. CITY NAME ACTIVES ONLY ACTIVES & RETIREES CODE* CITY N0. CITY NAME ACTIVES ONLY ACTIVES & RETIREES CODE* 930 Northlake 0.09 % 0.11 % 3 1026 Poteet 0.25 % 0.27 % 3 935 O'Donnell 010 % 0.15 % 3 1028 Poth 0.25 % 034 % 3 936 Oak Point 0.12 % 0.12 % 3 1030 Pottsboro 0.10 % 0.15 % 3 937 Oak Ridge North 0.15 % 0.17 % 3 1032 Premont 0.15 % 0.25 % 3 942 Odem 022 % 031 % 3 1029 Presidio 017 % 0.19 % 3 944 Odessa 0.13 % 0.18 % 3 1033 Primera 0.17 % 0.18 % 3 945 Oglesby 0.02 % 0.55 % 3 1034 Princeton 0.12 % 0.14 % 3 949 Old River- Winfree 0.11 % 0.11 % 1 1036 Prosper 0.12 % 0.12 % 1 950 Olmos Park 0.10 % 0.13 % 1 1037 Providence Village 0.19 % 0.19 % 3 951 Olney 023 % 0.24 % 3 1042 Quanah 0.22 % 034 % 3 953 Omaha 0.23 % 0.23 % 3 1045 Queen City 0.24 % 0.24 % 3 954 Onalaska 0.10 % 0.13 % 3 1044 Quinlan 0.08 % 0.09 % 3 958 Orange 0.15 % 0.22 % 1 1047 Quintana 0.08 % 0.08 % 3 960 Orange Grove 0.15 % 0.19 % 3 1046 Quitaque 0.25 % 0.29 % 3 959 Ore City 017 % 017 % 3 1048 Quitman 0.13 % 0.19 % 3 962 Overton 0.24 % 0.28 % 3 1050 Ralls 0.19 % 0.35 % 3 961 Ovilla 016 % 0.19 % 3 1051 Rancho Viejo 0.07 % 0.08 % 3 963 Oyster Creek 0.17 % 0.22 % 3 1052 Ranger 0.15 % 0.24 % 1 964 Paducah 0.18 % 0.23 % 3 1054 Rankin 0.17 % 0.26 % 3 966 Palacios 0.20 % 0.25 % 3 1055 Ransom Canyon 0.20 % 0.21 % 3 968 Palestine 0.13 % 0.20 % 3 1058 Raymondville 0.10 % 0.27 % 3 970 Palmer 0.16 % 0.16 % 3 1061 Red Oak 0.12 % 0.13 % 3 969 Palmhurst 0.07 % 0.08 % 3 1062 Redwater 0.24 % 0.24 % 3 971 Palmview 0.08 % 0.08 % 3 1064 Refugio 0.13 % 0.24 % 1 972 Pampa 0.12 % 0.22 % 3 1065 Reklaw 0.20 % 0.36 % 3 974 Panhandle 0.19 % 0.26 % 1 1066 Reno (Lamar County) 0.08 % 0.08 % 3 973 Panorama Village 0.30 % 0.41 % 3 1069 Reno (Parker County) 0.27 % 0.28 % 3 975 Pantego 0.09 % 0.14 % 3 1067 Rhome 0.10 % 0.13 % 3 976 Paris 0.15 % 0.23 % 3 1068 Rice 0.08 % 0.10 % 3 977 Parker 0.22 % 0.24 % 3 1070 Richardson 0.14 % 0.18 % 1 978 Pasadena 0.16 % 0.22 % 3 1073 Richland Hills 0.17 % 0.23 % 3 983 Pearland 0.11 % 0.12 % 3 1074 Richland Springs 0.83 % 1.65 % 3 984 Pearsall 018 % 0.24 % 3 1076 Richmond 0.13 % 0.15 % 3 988 Pecos City 0.19 % 0.25 % 3 1077 Richwood 0.17 % 0.19 % 3 994 Perryton 0.17 % 0.23 % 3 1072 Riesel 029 % 0.31 % 3 1000 Pflugerville 0.13 % 0.14 % 3 1075 Rio Grande City 0.12 % 0.13 % 3 1002 Pharr 0.10 % 0.13 % 3 1079 Rio Vista 0.07 % 0.16 % 3 1004 Pilot Point 011 % 0.15 % 3 1080 Rising Star 0.13 % 011 % 3 1005 Pinehurst 0.14 % 0.25 % 3 1082 River Oaks 0.15 % 0.29 % 3 1003 Pineland 0.25 % 0.34 % 3 1084 Roanoke 0.12 % 0.13 % 1 1001 Piney Point Village 0.36 % 0.46 % 3 1088 Robert Lee 0.11 % 0.20 % 3 1006 Pittsburg 0.11 % 0.20 % 3 1089 Robinson 0.14 % 0.17 % 3 1007 Plains 0.14 % 0.16 % 3 21090 Robstown 0.10 % 0.12 % 3 1008 Plainview 0.15 % 0.24 % 1 11090 Robstown Utility Systems 0.20 % 0.26 % 3 1010 Plano 0.15 % 0.18 % 1 1092 Roby 0.07 % 0.57 % 3 1012 Pleasanton 0.15 % 0.17 % 3 1096 Rockdale 0.22 % 0.28 % 3 1013 Point 0.06 % 0.09 % 1 1098 Rockport 0.19 % 0.24 % 3 1017 Ponder 031 % 0.36 % 3 1100 Rocksprings 0.13 % 0.16 % 1 1014 Port Aransas 0.19 % 0.23 % 3 1102 Rockwall 0.12 % 0.14 % 3 11016 Port Arthur 0.17 % 0.25 % 3 1104 Rogers 0.09 % 0.24 % 1 1018 Port Isabel 0.14 % 0.18 % 3 1105 Rollingwood 0.17 % 0.21 % 3 1020 Port Lavaca 0.16 % 0.23 % 3 1106 Roma 0.16 % 0.22 % 3 1022 Port Neches 0.14 % 0.18 % 1 1109 Roscoe 0.24 % 0.27 % 3 1019 Portland 0.15 % 0.19 % 3 1112 Rosebud 0.14 % 0.22 % 3 1024 Post 0.33 % 0.54 % 3 1114 Rosenberg 0.10 % 0.13 % 3 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 = Actives only, 3 = Actives and Retirees Page 6 of 8 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY NO. CITY NAME ACTIVES ONLY ACTIVES & RETIREES CODE* CITY N0. CITY NAME ACTIVES ONLY ACTIVES & RETIREES CODE* 1116 Rotan 0.14 % 0.27 % 3 1191 Somerset 0.10 % 0.22 % 3 1118 Round Rock 011 % 0.13 % 3 1192 Somerville 0.22 % 031 % 3 1119 Rowlett 0.12 % 0.14 % 1 1194 Sonora 0.18 % 0.27 % 3 1120 Royse City 0.14 % 0.16 % 3 1196 Sour Lake 0.33 % 0.33 % 3 1122 Rule 0.09 % 013 % 3 1198 South Houston 016 % 0.22 % 3 1123 Runaway Bay 0.24 % 0.26 % 3 1199 South Padre Island 0.14 % 0.17 % 3 1124 Runge 0.45 % 0.50 % 3 1197 Southlake 0.11 % 0.13 % 3 1126 Rusk 0.12 % 0.15 % 3 1200 Southmayd 0.32 % 0.32 % 3 1128 Sabinal 0.22 % 0.28 % 3 1202 Southside Place 0.13 % 0.20 % 3 1129 Sachse 0.11 % 0.13 % 3 1204 Spearman 0.22 % 0.28 % 3 1131 Saginaw 0.13 % 0.16 % 3 1205 Spring Valley Village 0.21 % 0.24 % 3 1130 Saint Jo 0.05 % 0.19 % 3 1203 Springtown 0.17 % 0.19 % 3 1133 Salado 0.18 % 0.20 % 3 1206 Spur 0.20 % 0.20 % 3 1132 San Angelo 0.14 % 0.23 % 1 1207 Stafford 0.15 % 0.19 % 3 21136 San Antonio 0.15 % 0.21 % 1 1208 Stamford 0.26 % 0.47 % 3 11136 San Antonio Water System 0.17 % 0.22 % 1 1210 Stanton 0.19 % 0.23 % 3 1138 San Augustine 019 % 0.26 % 3 1211 Star Harbor 0.14 % 0.30 % 3 1140 San Benito 0.14 % 0.20 % 3 1212 Stephenville 0.14 % 0.19 % 3 1144 San Felipe 0.14 % 0.14 % 3 1213 Sterling City 0.18 % 0.33 % 1 1148 San Juan 0.12 % 0.15 % 3 1214 Stinnett 0.11 % 0.17 % 3 1150 San Marcos 0.13 % 0.16 % 3 1216 Stockdale 0.43 % 0.43 % 3 1152 San Saba 0.19 % 0.19 % 3 1218 Stratford 0.17 % 0.19 % 3 1146 Sanger 0.13 % 0.14 % 3 1224 Sudan 0.10 % 0.25 % 1 1153 Sansom Park 0.10 % 0.13 % 3 1225 Sugar Land 0.13 % 0.14 % 3 1155 Santa Fe 0.16 % 0.19 % 1 1226 Sulphur Springs 0.16 % 0.21 % 3 1158 Savoy 0.06 % 0.12 % 3 1228 Sundown 0.19 % 0.24 % 3 1159 Schertz 0.11 % 0.13 % 3 1229 Sunnyvale 0.10 % 0.14 % 3 1160 Schulenburg 0.17 % 0.25 % 3 1230 Sunray 0.08 % 0.30 % 3 1161 Seabrook 0.14 % 0.17 % 3 1227 Sunrise Beach Village 0.13 % 0.16 % 3 1162 Seadrift 0.15 % 0.16 % 3 1231 Sunset Valley 0.09 % 0.11 % 3 1164 Seagoville 0.14 % 0.18 % 3 1233 Surfside Beach 0.19 % 0.20 % 3 1166 Seagraves 0.21 % 0.36 % 3 1232 Sweeny 0.13 % 0.29 % 3 1167 Sealy 0.14 % 0.16 % 3 1234 Sweetwater 0.19 % 026 % 3 1168 Seguin 0.12 % 0.18 % 3 1264 TMRS 0.14 % 0.16 % 3 1169 Selma 0.11 % 0.12 % 3 1236 Taft 0.22 % 0.29 % 3 1170 Seminole 0.20 % 0.24 % 3 1238 Tahoka 0.19 % 0.25 % 3 1171 Seven Points 0.06 % 0.12 % 3 1241 Tatum 0.08 % 0.14 % 3 1172 Seymour 0.18 % 0.29 % 3 1246 Taylor 0.14 % 020 % 3 1165 Shady Shores 0.06 % 0.06 % 3 1248 Teague 0.21 % 0.39 % 3 1177 Shallowater 0.17 % 0.19 % 3 1252 Temple 0.14 % 0.20 % 3 1174 Shamrock 0.29 % 0.43 % 3 1254 Tenaha 0.08 % 0.15 % 3 1173 Shavano Park 0.10 % 0.12 % 3 1256 Terrell 0.14 % 0.19 % 3 1175 Shenandoah 0.12 % 0.13 % 3 1258 Terrell Hills 0.17 % 0.20 % 3 1181 Shepherd 0.14 % 0.14 % 3 31263 Tex Municipal LeaguelEBP 0.20 % 0.21 % 3 1176 Sherman 0.13 % 0.20 % 3 21263 Tex Municipal League IRP 0.20 % 0.21 % 3 1178 Shiner 0.23 % 0.35 % 3 21260 Texarkana 0.17 % 0.26 % 1 1179 Shoreacres 0.16 % 0.19 % 3 11260 Texarkana Police Dept 0.11 % 0.15 % 1 1180 Silsbee 0.13 % 0.22 % 1 31260 Texarkana Water Utilities 0.16 % 0.22 % 1 1182 Silverton 0.09 % 0.18 % 3 1262 Texas City 0.15 % 0.24 % 1 1184 Sinton 0.14 % 0.20 % 3 11263 Texas Municipal League 0.11 % 0.16 % 3 1185 Skellytown 0.09 % 0.14 % 3 1265 Texhoma 0.34 % 0.70 % 3 1186 Slaton 0.18 % 0.27 % 3 1267 The Colony 0.12 % 0.14 % 3 1188 Smithville 0.17 % 0.22 % 3 1269 Thompsons 0.16 % 0.21 % 3 1189 Smyer 0.13 % 0.13 % 3 1268 Thorndale 0.32 % 0.34 % 3 1190 Snyder 0.15 % 0.20 % 3 1272 Thrall 0.33 % 0.33 % 3 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 = Actives only, 3 = Actives and Retirees Page 7 of 8 Section 5 TEXAS MUNICIPAL RETIREMENT SYSTEM CITY CONTRIBUTION RATES FOR 2017 SUPPLEMENTAL DEATH BENEFITS CITY NO. CITY NAME ACTIVES ONLY ACTIVES & RETIREES CODE* CITY N0. CITY NAME ACTIVES ONLY ACTIVES & RETIREES CODE* 1274 Three Rivers 0.21 % 0.23 % 3 1350 Wellington 0.29 % 0.47 % 3 1276 Throckmorton ON % 0.16 % 3 1352 Wells 0.05 % 034 % 1 1277 Tiki Island 0.13 % 0.14 % 3 1354 Weslaco 0.12 % 0.18 % 3 1278 Timpson 0.09 % 0.12 % 3 1356 West 0.14 % 0.24 % 3 1280 Tioga 0.13 % 013 % 3 1358 West Columbia 018 % 0.29 % 1 1283 Tolar 0.16 % 0.16 % 3 1359 West Lake Hills 0.12 % 0.22 % 3 1286 Tom Bean 022 % 0.22 % 3 1361 West Orange 0.20 % 0.27 % 1 1284 Tomball 0.15 % 0.18 % 3 1365 West Tawakoni 0.17 % 0.29 % 3 1290 Trent 0.31 % 0.40 % 3 1364 West Univ. Place 0.14 % 0.19 % 3 1292 Trenton 028 % 039 % 3 1363 Westlake 0.17 % 017 % 3 1293 Trinidad 0.28 % 0.41 % 3 1362 Westover Hills 0.14 % 0.27 % 3 1294 Trinity 022 % 0.26 % 3 1366 Westworth Village 0.16 % 0.19 % 3 1295 Trophy Club 0.11 % 0.13 % 3 1368 Wharton 0.19 % 0.22 % 3 1296 Troup 0.16 % 0.25 % 3 1370 Wheeler 0.05 % 0.09 % 3 1297 Troy 032 % 0.43 % 3 1372 White Deer 0.32 % 0.53 % 3 1298 Tulia 0.20 % 0.28 % 3 1377 White Oak 0.13 % 0.19 % 3 1299 Turkey 010 % 0.24 % 3 1378 White Settlement 0.18 % 0.21 % 3 1301 Tye 0.15 % 0.18 % 3 1374 Whiteface 0.08 % 0.32 % 3 1304 Tyler 0.13 % 0.21 % 3 1375 Whitehouse 0.16 % 0.20 % 3 1305 Universal City 0.17 % 0.19 % 3 1376 Whitesboro 0.16 % 0.21 % 3 1306 University Park 0.19 % 0.23 % 1 1380 Whitewright 0.09 % 0.13 % 3 1308 Uvalde 0.11 % 0.18 % 3 1382 Whitney 0.15 % 0.18 % 3 1312 Valley Mills 0.11 % 0.11 % 3 1384 Wichita Falls 0.16 % 0.23 % 1 1313 Valley View 0.04 % 0.05 % 3 1386 Willis 0.12 % 0.16 % 3 1314 Van 0.15 % 0.22 % 3 1387 Willow Park 0.12 % 0.12 % 3 1316 Van Alstyne 0.08 % 0.12 % 3 1388 Wills Point 0.11 % 0.20 % 3 1318 Van Horn 0.14 % 0.17 % 3 1390 Wilmer 0.14 % 0.16 % 3 1320 Vega 0.16 % 0.20 % 3 1392 Wimberley 0.25 % 0.27 % 3 1324 Venus 0.10 % 0.12 % 1 1393 Windcrest 0.16 % 0.20 % 3 1326 Vernon 0.16 % 0.31 % 3 1395 Winfield 0.12 % 0.12 % 3 1328 Victoria 0.11 % 0.17 % 3 1396 Wink 0.22 % 0.24 % 3 1329 Vidor 0.13 % 0.19 % 3 1398 Winnsboro 0.16 % 0.25 % 3 1500 Village Fire Department 0.11 % 0.13 % 3 1399 Winona 0.10 % 0.14 % 3 1330 Waco 0.15 % 0.22 % 1 1400 Winters 0.19 % 0.39 % 3 1332 Waelder 0.19 % 0.29 % 3 1403 Wolfforth 0.15 % 0.17 % 3 1334 Wake Village 0.23 % 0.36 % 3 1409 Woodcreek 0.09 % 0.15 % 3 1336 Waller 0.25 % 0.31 % 3 1404 Woodsboro 0.09 % 0.10 % 3 1337 Wallis 0.16 % 0.20 % 3 1406 Woodville 0.14 % 0.21 % 3 1338 Walnut Springs 010 % 0.14 % 3 1407 Woodway 0.14 % 0.17 % 3 1340 Waskom 016 % 019 % 3 1408 Wortham 012 % 0.12 % 3 1341 Watauga 0.14 % 0.17 % 3 1410 Wylie 0.10 % 0.11 % 3 1342 Waxahachie 014 % 0.18 % 3 1412 Yoakum 0.18 % 0.26 % 3 1344 Weatherford 0.14 % 0.17 % 3 1414 Yorktown 0.20 % 0.38 % 3 1345 Webster 0.16 % 0.19 % 3 1415 Zavalla 0.08 % 0.14 % 1 1346 Weimar 021 % 036 % 3 *Codes indicating provision adopted as of April 1, 2016: 1= None, 2 = Actives only, 3 = Actives and Retirees Page 8 of 8 SECTION SUMMARY OF ACTUARIAL ASSUMPTIONS AND METHODS Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 Section 6 Texas Municipal Retirement System ( "TMRS") Summary of Actuarial Assumptions These actuarial assumptions were developed primarily from the actuarial investigation of the experience of TMRS over the four year period from January 1, 2010 to December 31, 2014. They were adopted in 2015 and first used in the December 31, 2015 actuarial valuation. The post - retirement mortality assumption for healthy annuitants and Annuity Purchase Rate (APRs) are based on the Mortality Experience Investigation Study covering 2009 through 2011 and dated December 31, 2013. In conjunction with these changes first used in the December 31, 2013 valuation, the System adopted the Entry Age Normal actuarial cost method and a one -time change to the amortization policy. These assumptions apply to both the Pension Trust and the Supplemental Death Benefits Fund as applicable. I. Economic Assumptions A. General Inflation — General Inflation is assumed to be 2.50% per year. B. Discount /Crediting Rates M 1. System -wide Investment Return Assumption: 6.75% per year, compounded annually, composed of an assumed 2.50% inflation rate and a 4.25% net real rate of return. This rate represents the assumed return, net of all investment and administrative expenses. This is the discount rate used to value the liabilities of the individual employers. 2. For the Supplemental Death Benefits Fund, the rate is 4.25% per year, compounded annually, and derived as a blend of 5.00% for the portion of the benefits financed by advance funding contributions and a short -term interest rate for the portion of the benefits financed by current contributions. 3. Assumed discount /crediting rate for Supplemental Disability Benefits Fund and individual employee accounts: an annual rate of 5.00% for (1) accumulating prior service credit and updated service credit after the valuation date, (2) accumulating the employee current service balances, (3) determining the amount of the monthly benefit at future dates of retirement or disability, and (4) calculating the actuarial liability of the system -wide Supplemental Disability Benefits Fund. 2 Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 C. Overall Payroll Growth — 3.00% per year, which is used to calculate the contribution rates for the retirement plan of each participating city as a level percentage of payroll. This represents the expected increase in total payroll. This increase rate is solely due to the effect of wage inflation on salaries, with no allowance for future membership growth. However, for cities with a decrease in the number of contributing members from 2005 to 2014, the payroll growth is decreased by half the annual percentage decrease in the count capped at a 1.0% decrease per year and rounded down to the nearest 0.1 %. D. Individual. Salary Increases — Salary increases are assumed to occur once a year, on January 1. Therefore, the pay used for the period year following the valuation date is equal to the reported pay for the prior year, increased by the salary increase assumption. Salaries are assumed to increase by the following graduated service -based scale. Years of Service Rate 1 10.50% 2 7.50% 3 7.00% 4 6.50% 5 6.00% 6 5.50% 7 5.25% 8 -10 4.75% 11 4.50% 12 -13 4.25% 14 -16 4.00% 17 -24 3.75% 25+ 3.50% E. Annuity Increase — The Consumer Price Index (CPI) is assumed to be 2.50% per year prospectively. Annuity Increases, when applicable, are 30 %, 50 %, or 70% of CPI, according to the provisions adopted by each city. The actual future COLA assumptions are as follows: 0.87% per year for the 30% CPI provision, 1.38% per year for the 50% CPI provision, and 1.86% per year for the 70% CPI provision. M 3 Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 H. Demographic Assumptions A. Termination Rates M 1. For the first 10 years of service, the base table rates vary by gender, entry age, and length of service. For each city the base table is then multiplied by 75% to 125 %. A further multiplier is applied depending on an employee's classification: 1) Fire - 63 %, 2) Police - 88 %, or 3) Other - 108 %. A sample of the base rates follows: Males Age 0 1 Service 2 3 4 5 6 7 8 9 20 0.2920 0.2623 0.2186 0.1932 0.1850 0.1673 0.1529 0.1243 0.1022 0.0816 25 0.2653 0.2269 0.1812 0.1554 0.1429 0.1267 0.1148 0.1006 0.0926 0.0757 30 0.2451 0.2052 0.1610 0.1322 0.1079 0.0998 0.0896 0.0774 0.0744 0.0621 35 0.2505 0.2070 0.1577 0.1265 0.1050 0.0994 0.0848 0.0719 0.0621 0.0567 40 0.2467 0.2060 0.1561 0.1213 0.1046 0.0943 0.0805 0.0710 0.0601 0.0577 45 0.2268 0.1934 0.1556 0.1220 0.1053 0.0926 0.0813 0.0711 0.0605 0.0575 50 0.2078 0.1731 0.1412 0.1149 0.1016 0.0887 0.0807 0.0716 0.0604 0.0578 55 0.2003 0.1668 0.1265 0.1074 0.0861 0.0864 0.0771 0.0682 0.0609 0.0560 60 0.1999 0.1542 0.1231 0.1060 0.0790 0.0868 0.0753 0.0683 0.0571 0.0549 65 0.2000 0.1463 0.1238 0.1063 0.0803 0.0867 0.0757 0.0700 0.0547 0.0551 70 0.2000 0.1477 0.1237 0.1063 0.0802 0.0867 0.0756 0.0697 0.0551 0.0551 Females Age 0 1 Service 2 3 4 5 6 7 8 9 20 0.3030 0.2790 0.2221 0.2098 0.1997 0.2021 0.1536 0.1539 0.1564 0.1574 25 0.2782 0.2409 0.2067 0.1962 0.1710 0.1663 0.1369 0.1352 0.1186 0.1125 30 0.2574 0.2188 0.1949 0.1762 0.1347 0.1348 0.1276 0.1126 0.0973 0.0804 35 0.2424 0.2118 0.1805 0.1438 0.1273 0.1238 0.1112 0.1085 0.1000 0.0769 40 0.2244 0.1993 0.1614 0.1342 0.1295 0.1097 0.1023 0.0924 0.0834 0.0733 45 0.2191 0.1853 0.1427 0.1337 0.1054 0.1017 0.0894 0.0784 0.0705 0.0725 50 0.2201 0.1793 0.1347 0.1229 0.0886 0.0881 0.0823 0.0723 0.0675 0.0617 55 0.2200 0.1738 0.1350 0.1199 0.0834 0.0806 0.0713 0.0705 0.0685 0.0551 60 0.2200 0.1523 0.1350 0.1172 0.0798 0.0843 0.0646 0.0639 0.0429 0.0379 65 0.2200 0.1431 0.1350 0.1150 0.0800 0.0857 0.0667 0.0593 0.0276 0.0280 70 0.2200 0.1447 0.1350 0.1154 0.0800 0.0854 0.0664 0.0601 0.0303 0.0298 in Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 2. After 10 years of service, base termination rates vary by gender and by the number of years remaining until first retirement eligibility. For each city the base table is then multiplied by 75% to 125 %. A further multiplier is applied depending on an employee's classification: 1) Fire — 52 %, 2) Police — 79 %, or 3) Other — 115 %. A sample of the base rates follows: Years from Retirement Male Female 1 1.72% 2.20% 2 2.29% 2.97% 3 2.71% 3.54% 4 3.06% 4.01% 5 3.35% 4.41% 6 3.61% 4.77% 7 3.85% 5.1.0% 8 4.07% 5.40% 9 4.28% 5.68% 10 4.47% 5.94% 11 4.65% 6.19% 12 4.82% 6.43% 13 4.98% 6.66% 14 5.14% 6.87% 15 5.29% 7.08% Termination rates end at first eligibility for retirement B. Forfeiture Rates (Withdrawal of Member Deposits from TMRS) for vested members vary by age and employer match, and they are expressed as a percentage of the termination rates shown in (A). The withdrawal rates for cities with a 2 -to -1 match are shown below. 4% is added to the rates for 1 -1� /z- to- 1 cities, and 8% is added for 1 -to -1 cities. Forfeiture rates end at first eligibility for retirement. M R Percent of Terminating Employees Choosing to Age Take a Refund 25 41.2% 30 41.2% 35 41.2% 40 38.0% 45 32.6% 50 27.1% 55 21.7% Forfeiture rates end at first eligibility for retirement. M R Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 C. Service Retirees and Beneficiary Mortality Rates For calculating the actuarial liability and the retirement contribution rates, the Gender - distinct RP2000 Combined Healthy Mortality Tables with Blue Collar Adjustment are used with male rates multiplied by 109% and female rates multiplied by 103 %. The rates are projected on a fully generational basis by scale BB to account for future mortality improvements. D. Disabled Annuitant Mortality Rates For calculating the actuarial liability and the retirement contribution rates, the Gender - distinct RP2000 Combined Healthy Mortality Tables with Blue Collar Adjustment are used with male rates multiplied by 109% and female rates multiplied by 103% with a 3 year set - forward for both males and females. In addition, a 3% minimum mortality rate will be applied to reflect the impairment for younger members who become disabled. The rates are projected on a fully generational basis by scale BB to account for future mortality improvements subject to the 3% floor. E. Pre - Retirement Mortality For calculating the actuarial liability and the retirement contribution rates, the Gender - distinct RP2000 Combined Healthy Mortality Tables with Blue Collar Adjustment are used with male rates multiplied by 54.5% and female rates multiplied by 51.5 %. The rates are projected on a fully generational basis by scale BB to account for future mortality improvements. F. Annuity Purchase Rates M For determining the amount of the monthly benefit at the time of retirement for both healthy and disabled annuitants, the annuity purchase rates (APRs) for 2014 are based on the UP -1984 Table with an age setback of two years for retirees and an age setback of eight years for beneficiaries. Beginning in 2027 the APRs will be based on a unisex blend of the RP- 2000 Combined Healthy Mortality Tables with Blue Collar Adjustment for males and females with both male and female rates multiplied by 107.5% and projected on a fully generational basis with scale BB. For members, a unisex blend of 70% of the males table and 30% of the female table is used, while 30% of the male table and 70% of the female table is used for beneficiaries. From 2015 through 2026, the fully generational APRs will be phased into. 131 Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 G. Disability Rates Age Males & Females 20 0.000004 25 0.000025 30 0.000099 35 0.000259 40 0.000494 45 0.000804 50 0.001188 55 0.001647 60 0.002180 65 0.002787 H. Service Retirement Rates, applied to both Active and Inactive Members The base table rates vary by gender, entry age group, and age. For members under age 62, these base rates are then multiplied by 2 factors based on 1) employee contribution rate and employer match and 2) if the city has a recurring COLA. pig-DIm M Age Males Entry Age Groups Ages 32 Ages Ages 48 & Under 33-47 & Over Females Entry Age Groups Ages 32 Ages Ages 48 & Under 33-47 & Over 40-44 0.06 - - 0.06 - 45-49 0.06 - 0.06 50-52 0.08 - - 0.08 - - 53 0.08 0.10 - 0.08 0.10 - 54 0.08 0.10 - 0.11 0.10 - 55 -59 0.14 0.10 - 0.11 0.10 - 60 0.20 0.15 0.10 0.14 0.15 0.10 61 0.25 0.30 0.20 0.28 0.26 0.20 62 0.32 0.25 0.12 0.28 0.17 0.12 63 0.32 0.23 0.12 0.28 0.17 0.12 64 0.32 0.35 0.20 0.28 0.22 0.20 65 0.32 0.32 0.20 0.28 0.27 0.20 66-69 0.22 0.22 0.17 0.22 0.22 0.17 70-74 0.20 0.22 0.25 0.22 0.22 0.25 75 and over 1.00 1.00 1.00 1.00 1.00 1.00 Note: For cities without a 20-year/any age retirement provision, the rates for entry ages 32 and under are loaded by 20% for ages below 60. N Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 Plan Design Factors Applied to Base Retirement Rates Recurring COLA: 100% No Recurring COLA: 90% III. Methods and Assumptions M A. Valuation of Assets — The actuarial value of assets is based on the market value of assets with a ten -year phase -in of actual investment return in excess of (less than) expected investment income. Offsetting unrecognized gains and losses are immediately recognized, with the shortest remaining bases recognized first and the net remaining bases continue to be recognized on their original timeframe. The actuarial value of assets is further adjusted by 33% of any difference between the initial value and a 15% corridor around the market value of assets, if necessary. For the purpose of determining the UAAL and annual required contribution associated with the Supplemental Death Trust, assets are valued at the Fund Value. B. Actuarial Cost Method: The actuarial cost method being used is known as the Entry Age Normal Actuarial Cost Method. The Entry Age Normal Actuarial Cost Method develops the annual cost of the Plan in two parts: that attributable to benefits accruing in the current year, known as the normal cost, and that due to service earned prior to the current year, known as the amortization of the unfunded actuarial accrued liability. The normal cost and the actuarial accrued liability are calculated individually for each member. The normal cost rate for an employee is the contribution rate which, if applied to a member's compensation throughout their period of anticipated covered service with the municipality, would be sufficient to meet all benefits payable on their behalf. The normal cost is calculated using an entry age based on benefit service with the current city. If a member has additional time -only vesting service through service with other TMRS cities or other public agencies, they retain this for determination of benefit eligibility and decrement rates. The salary - weighted average of these rates is the total normal cost rate. The unfunded actuarial accrued liability reflects the difference between the portion of projected benefits attributable to service credited prior to the valuation date and assets already accumulated. The unfunded actuarial accrued liability is paid off in accordance with a specified amortization procedure outlined in C below. N. Employee Contribution Rate Employer Match 5% 6% 7% 1 - 1 0.75 0.80 0.84 1.5 - 1 0.81 0.86 0.92 2-1 0.86 0.93 1.00 Recurring COLA: 100% No Recurring COLA: 90% III. Methods and Assumptions M A. Valuation of Assets — The actuarial value of assets is based on the market value of assets with a ten -year phase -in of actual investment return in excess of (less than) expected investment income. Offsetting unrecognized gains and losses are immediately recognized, with the shortest remaining bases recognized first and the net remaining bases continue to be recognized on their original timeframe. The actuarial value of assets is further adjusted by 33% of any difference between the initial value and a 15% corridor around the market value of assets, if necessary. For the purpose of determining the UAAL and annual required contribution associated with the Supplemental Death Trust, assets are valued at the Fund Value. B. Actuarial Cost Method: The actuarial cost method being used is known as the Entry Age Normal Actuarial Cost Method. The Entry Age Normal Actuarial Cost Method develops the annual cost of the Plan in two parts: that attributable to benefits accruing in the current year, known as the normal cost, and that due to service earned prior to the current year, known as the amortization of the unfunded actuarial accrued liability. The normal cost and the actuarial accrued liability are calculated individually for each member. The normal cost rate for an employee is the contribution rate which, if applied to a member's compensation throughout their period of anticipated covered service with the municipality, would be sufficient to meet all benefits payable on their behalf. The normal cost is calculated using an entry age based on benefit service with the current city. If a member has additional time -only vesting service through service with other TMRS cities or other public agencies, they retain this for determination of benefit eligibility and decrement rates. The salary - weighted average of these rates is the total normal cost rate. The unfunded actuarial accrued liability reflects the difference between the portion of projected benefits attributable to service credited prior to the valuation date and assets already accumulated. The unfunded actuarial accrued liability is paid off in accordance with a specified amortization procedure outlined in C below. N. Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 M C. Amortization Policy: For "underfunded" cities with twenty or more employees, the amortization as of the valuation date is a level percentage of payroll over a closed period using the process of "laddering ". Bases that existed prior to this valuation continue to be amortized on their original schedule. Beginning January 1, 2016, all new experience losses are amortized over individual periods of not more than 25 years. Previously, some cities amortized their losses over a 30 year period. New gains (including lump sum contributions) are offset against and amortized over the same period as the current largest outstanding loss base for the specific City which in turn decreases contribution rate volatility. Once a City reaches an "overfunded" status, all prior non ad hoc bases are erased and the surplus for overfunded cities is amortized over a 25 year open period. Ad hoc benefit enhancements are amortized over individual periods using a level dollar policy. The period will be based on the minimum of 15 years or the current life expectancy of the covered group. For the December 31, 2013 . actuarial valuation, there was a one -time change in the amortization policy for underfunded cities implemented in conjunction with the changes to the assumptions and cost method to minimize rate volatility associated with these changes. An initial ARC was developed using the methodology described above. For cities with a decrease in the rate compared to the rate calculated prior to changes, the amortization period for all non -ad hoc bases was shortened enough to keep the rates stable (if possible). Cities with an increase of more than 0.50% were allowed to extend the amortization periods for non -ad hoc bases up to 30 years to keep the full contribution rate from increasing. For cities with an increase of 0.50% or less, the amortization periods for all non -ad hoc bases could be extended to 25 years to keep the rate from increasing. The amortization period calculated in the prior steps was then rounded up to the nearest integer to calculate the final full contribution rate. For the purpose of determining the annual required contribution associated with the Supplemental Death Trust, the amortization of the UAAL is done using a 25 year open period. D. Small City Methodology — For cities with fewer than twenty employees, more conservative methods and assumptions are used. First, lower termination rates are used for smaller cities, with maximum multipliers of 75% for employers with less than 6 members, 85% for employers with 6 to 10 members, 100% for employers with 11 to 15 members, and 115% for employers with less than 100 members. 7 Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 There is also a load on the life expectancy for employers with less than 15 active members. The life expectancy will be loaded by decreasing the mortality rates by 1% for every active member less than 15. For example, an employer with 5 active members will have the baseline mortality tables multiplied by 90% (10 active members times 1%). For underfunded plans, the maximum amortization period for amortizing gains and losses is decreased from current levels by 1 year for each active member less than the 20 member threshold. For example, an employer with 8 active members and a current maximum amortization period of 25 will use (25- (20 -8)) = 13 year amortization period for the gain or loss in that year's valuation. Under this policy, the lowest amortization period will be 25- (20 -1) = 6 years. Once the plan is overfunded, the amortization period will revert back to the standard 25 years. E. Supplemental Death Benefit — The contribution rate for the Supplemental Death Benefit (SDB) is equal to the expected benefit payments during the upcoming year divided by the annualized pay of current active members and is calculated separately for actives and retirees. Due the significant reserve in the Supplemental Death Trust, the SDB rate for retiree coverage is currently only one -third of the total term cost. IV. Other Assumptions 1. Valuation payroll (used for determining the amortization contribution rate): An exponential average of the actual salaries paid during the prior fiscal years, with 33% weight given to the most recent year and 67% weight given to the expected payroll for the previous fiscal year, moved forward with one year's payroll growth rate and adjusted for changes in population. 2. Individual salaries used to project benefits: For members with more than three years of service, actual salaries from the past three fiscal years are used to determine the USC final average salary as of the valuation date. For future salaries, this three -year average is projected forward with two years of salary scale to create the salary for the year following the valuation. This value is then projected with normal salary scales. 3. Timing of benefit payments: Benefit payments are assumed to be made in the middle of the month. Although TMRS benefits are paid at the end of the month, eligibility for that payment is determined at the beginning of the month. A middle of month payment approximates the impact of the combination of eligibility determination and actual payment timing. 4. Percent married: 100% of the employees are assumed to be married. M 10 Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 5. Age difference: Male members are assumed to be three years older than their spouses, and female members are assumed to be three years younger than their spouses. 6. Optional Forms: Healthy members are assumed to choose a life only benefit when they retire. Disabled members are assumed to select a 50% Joint and Survivor option when they retire. 7. Percent electing annuity on death (when eligible): For vested members not eligible for retirement, 75% of the spouses of male members and 70% of the spouses of female members are assumed to commence an immediate benefit in lieu of a deferred annuity or a refund. Those not electing an immediate benefit are assumed to take a refund. All of the spouses of married participants who die after becoming eligible for a retirement benefit are assumed to elect an annuity that commences immediately. 8. Partial Lump Sum Utilization: It is assumed that each member at retirement will withdraw 40% of their eligible account balance. 9. Inactive Population: All non - vested members of a city are assumed to take an immediate refund if they are not contributing members in another city. Vested members not contributing in another city are assumed to take a deferred retirement benefit, except for those who have terminated in the past 12 months for whom one year of forfeiture probability is assumed. The forfeiture rates for inactive members of a city who are contributing members in another city are equal to the probability of termination multiplied by the forfeiture rates shown in II(A) and II(B) respectively. These rates are applied each year until retirement eligibility. Once a member is retirement eligible, they are assumed to commence benefits based on the service retirement rates shown in II(H). M 10. There will be no recoveries once disabled. 11. No surviving spouse will remarry and there will be no children's benefit. 12. Decrement timing: Decrements of all types are assumed to occur mid -year. 13. Eligibility testing: Eligibility for benefits is determined based upon the age nearest birthday and service nearest whole year on the date the decrement is assumed to occur. 14. Decrement relativity: Decrement rates are used directly from the experience study, without adjustment for multiple decrement table effects. 11 Texas Municipal Retirement System Section 6 Actuarial Valuation as of December 31, 2015 15. Incidence of Contributions: Contributions are assumed to be received continuously throughout the year based upon the computed percent of payroll shown in this report, and the actual payroll payable at the time contributions are made. 16. Benefit Service: All members are assumed to accrue 1 year of eligibility service each year. 17. The decrement rates for service related decrements are based on total TMRS eligibility service. V. Participant Data Participant data was supplied in electronic text files. There were separate files for (i) active and inactive members, and (ii) members and beneficiaries receiving benefits. The data for active members included birthdate, gender, service with the current city and total vesting service, salary, employee contribution account balances, as well as the data used in the next calculation of the Updated Service Credit (USC). For retired members and beneficiaries, the data included date of birth, gender, spouse's date of birth (where applicable), amount of monthly benefit, date of retirement, form of payment code, and aggregate increase in the CPI that will be used in the next calculation of the cost of living adjustment. To the extent possible we have made use of all available data fields in the calculation of the liabilities stated in this report. Actual CPI is used to model the wear -away effect or "catch -up" when a city changes its COLA provisions. Adjustments are made for members who have service both in a city with "20 and out" retirement eligibility and one that hasn't adopted it to calculate the earliest possible retirement date. Salary supplied for the current year was based on the annualized earnings for the year preceding the valuation date. Assumptions were made to correct for missing, bad, or inconsistent data. These had no material impact on the results presented. M 12 SECTION 7 Texas Municipal Retirement System Section 7 Actuarial Valuation as of December 31, 2015 Section 7 Texas Municipal Retirement System Summary of Plan Benefit Provisions The plan provisions are adopted by the governing body of each city, within the options available in the state statutes governing TMRS. Members in most cities can retire at age 60 and above with 5 or more years of service or with 20 years of service regardless of age. Some cities have elected retirement eligibility at age 60 with 10 years of service and /or with 25 years of service regardless of age. Most plans also provide death benefits and all provide disability benefits. Effective January 1, 2002, members are vested after 5 years, unless a city opted to maintain 10- year vesting. Members may work for more than one TMRS city during their career. If an individual has become vested in one TMRS city, he or she is immediately vested upon employment with another TMRS city. Similarly, once a member has met the eligibility requirements for retirement in a TMRS city, he or she is eligible in other TMRS cities as well. Upon retirement, benefits depend on the sum of the employee's contributions, with interest, and the city - financed monetary credits, with interest. City- financed monetary credits are composed of three sources: prior service credits, current service credits, and updated service credits. The available member deposit rates are 5 %, 6 %, or 7% (some cities were grandfathered at a 3% rate), while the city's matching ratio will be 100 %, 150 %, or 200 %. The balance at the beginning of each year is granted an interest credit as determined by the Board (employee account balances are guaranteed at least 5% interest). • Prior Service Credits: At the inception of each city's plan, the city granted monetary credits for service rendered before the plan began of a percentage, adopted by the city, of a theoretical amount at least equal to two times what would have been contributed by the employee, with interest (3% annual), prior to establishment of the plan. • Current Service Credits: Monetary credits for service since each plan began are a percent of the employee's accumulated contributions based on the city's matching rate in effect at the time the employee contributions are made. • Updated Service Credit (USC): This monetary credit is determined by recalculating the member's account balance by assuming that the current member deposit rate of the currently employing city has always been in effect to create a hypothetical balance. The computation also assumes that the member's salary has always been the member's average salary during the 36 -month period ending 13 months before the effective date of calculation. This hypothetical account balance is increased by 3% each year (not the actual interest credited to member accounts in previous years), and increased by the city match currently in effect. The resulting sum is then compared to the member's actual 1 Texas Municipal Retirement System Section 7 Actuarial Valuation as of December 31, 2015 account balance increased by the actual city match and actual interest credited. If the hypothetical balance exceeds the actual balance and the difference between them exceeds the current USC or Prior Service Credit, the member is granted a monetary credit (the new USC) equal to the difference between the hypothetical balance and the actual balance. The calculation may be done on a repeating or an ad hoc basis. At retirement, the benefit is calculated as if the sum of the employee's contributions with interest and the city - financed monetary credits with interest were used to purchase an annuity. Members may choose to receive their retirement benefit in one of seven payment options: retiree life only; one of three lifetime survivor options; or one of three guaranteed term options. Members may also choose to receive a portion of their benefit as a Partial Lump Sum Distribution (PLSD) in an amount equal to 12, 24, or 36 monthly payments under the retiree life only option, which cannot exceed 75% of the total member deposits and interest. A member city may elect to increase the annuities of its retirees, either annually or on an annually repeating basis, effective January 1 of a calendar year. Cities may adopt annuity increases at a rate equal to either 30 %, 50 %, or 70% of the increase (if any) in the Consumer Price Index — all Urban. Consumers (CPI -U) between the December preceding the member's retirement date and the December 1.3 months before the effective date of the increase, minus any previously granted increases. NA Section 7 Texas Municipal Retirement System Summary of Benefit Provision Changes Reflected in 12/31/2015 Valuation CITY Changes Brenham 1) Granted 100% ad hoc USC with transfer. 2) Granted 70% ad hoc COLA. Brownsville PUB Increased municipal matching ratio from 1.5 - 1 to 2 - 1. Brownwood Public Library Adopted restricted prior service credit. * Bullard Adopted 20 yr, any age retirement eligibility. Caddo Mills 1) Increased employee contribution rate from 5% to 6 %. 2) Increased municipal matching ratio from 1.5 - 1 to 2 - 1. Cedar Park Adopted 30% repeating COLA Clarendon 1) Increased employee contribution rate from 5% to 7 %. 2) Increased statutory max to 9.50% due to plan changes. Corpus Christi 1) Granted 100% ad hoc USC. 2) Granted 70% ad hoc COLA. Cumby Adopted restricted prior service credit. Dekalb 1) Increased employee contribution rate from 6% to 7 %. 2) Increased statutory max to 9.50% due to plan changes. Del Rio Increased municipal matching ratio from 1 - 1 to 2 - 1. Devine Increased municipal matching ratio from 1 - 1 to 1.5 - 1. Donna 1) Adopted buy -back provision. * 2) Increased employee contribution rate from 5% to 6 %. 3) Increased municipal matching ratio from 1.5 - 1 to 2 - 1. 4) Increased statutory max to 12.50% due to plan changes. 5) Rescinded 70% repeating COLA 6) Rescinded supplemental death benefits for actives and retirees. Elgin 1) Increased employee contribution rate from 6% to 7 %. 2) Removed statutory max. Eustace Granted 100% ad hoc USC. Falfurrias 1) Increased municipal matching ratio from 1 - 1 to 1.5 - 1. 2) Increased statutory max to 9.50% due to plan changes. Farmers Branch Adopted buy -back provision. Fate Adopted restricted prior service credit. Floydada Increased municipal matching ratio from 1.5 - 1 to 2 - 1. Godley Adopted 20 yr, any age retirement eligibility. Groesbeck Adopted restricted prior service credit. Hemphill 1) Increased municipal matching ratio from 1.5 - 1 to 2 - 1. 2) Increased statutory max to 11.50% due to plan changes. Hooks 1) Increased employee contribution rate from 5% to 7 %. 2) Increased municipal matching ratio from 1 - 1 to 2 - 1. 3) Increased statutory max to 13.50% due to plan changes. Humble 1) Decreased repeating USC from 100% to 50 %. 2) Increased employee contribution rate from 6% to 7 %. Hutchins Adopted 20 yr, any age retirement eligibility. Joshua Adopted restricted prior service credit. Kaufman Decreased repeating COLA from 70% to 30 %. Kemp 1) Adopted buy -back provision. 2) Increased municipal matching ratio from 1 - 1 to 2 - 1. 3) Increased statutory max to 11.50% due to plan changes. Killeen Granted 100% ad hoc USC with transfer. Kyle Adopted 5 year vesting. La Marque 1) Increased employee contribution rate from 5% to 7 %. 2) Removed statutory max. Lacy- Lakeview Removed statutory max. Lake Worth Removed statutory max. Liberty Hill Increased municipal matching ratio from 1 - 1 to 2 - 1. Llano 1) Increased municipal matching ratio from 1.5 - 1 to 2 - 1. 2) Removed statutory max. Marion Adopted restricted prior service credit. * Reflects possible rate impact. No change to current rate. Section 7 Texas Municipal Retirement System Summary of Benefit Provision Changes Reflected in 12/31/2015 Valuation CITY Changes McAllen Granted 100% ad hoc USC with transfer. Meadows Place 1) Granted 100% ad hoc USC. 2) Granted 70% ad hoc COLA. Mesquite 1) Granted 100% ad hoc USC with transfer. 2) Granted 50% ad hoc COLA. Missouri City 1) Granted 100% ad hoc USC with transfer. 2) Granted 70% ad hoc COLA. New Summerfield 1) Increased municipal matching ratio from 1 - 1 to 2 - 1. 2) Increased statutory max to 13.50% due to plan changes. Palmhurst 1) Increased employee contribution rate from 5% to 7 %. 2) Increased municipal matching ratio from 1 - 1 to 2 - 1. Pflugerville Removed statutory max. Point 1) Increased municipal matching ratio from 1 - 1 to 2 - 1. 2) Increased statutory max to 13.50% due to plan changes. Port Neches Granted 30% ad hoc COLA. San Antonio Granted 70% ad hoc COLA. Seguin Granted 70% ad hoc COLA. Sour Lake 1) Increased employee contribution rate from 5% to 7 %. 2) Increased municipal matching ratio from 1 - 1 to 2 - 1. 3) Increased statutory max to 13.50% due to plan changes. Spur Granted 70% ad hoc COLA. Sudan 1) Granted 100% ad hoc USC with transfer. 2) Granted 70% ad hoc COLA. Sulphur Springs Granted 100% ad hoc USC with transfer. Taft Adopted restricted prior service credit. Tahoka Granted 100% ad hoc USC. Tex Municipal League IEBP Granted 100% ad hoc USC. Tex Municipal League IRP Added transfer provision to repeating USC. Thrall Increased municipal matching ratio from 1 - 1 to 1.5 - 1. Three Rivers Adopted restricted prior service credit. Trinity Adopted 20 yr, any age retirement eligibility. Troy 1) Increased employee contribution rate from 6% to 7 %. 2) Increased statutory max to 13.50% due to plan changes. Vernon 1) Decreased repeating COLA from 70% to 30 %. 2) Decreased repeating USC from 100% to 75 %. Weslaco 1) Granted 30% ad hoc COLA. 2) Granted 50% ad hoc USC with transfer. * Reflects possible rate impact. No change to current rate. SECTION 8 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 1 of 63 Abernathy Abilene Addison Alamo Alamo Heights Alba Albany SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $764,946 $116,504,783 $47,185,320 $5,571,627 $8,697,290 $215,241 $427,780 b. Noncontributing Members 30,709 21,310,101 13,167,735 907,212 2,835,856 4,212 45,229 c. Annuitants 386,313 141,770,760 55,687,188 2,746,090 11,303,891 37,206 313,492 2. Total Actuarial Accrued Liability $1,181,968 $279,585,644 $116,040,243 $9,224,929 $22,837,037 $256,659 $786,501 3. Actuarial value of assets 1,070,886 253,243,762 111,498,184 7,475,679 16,753,261 235,324 714,719 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $111,082 $26,341,882 $4,542,059 $1,749,250 $6,083,776 $21,335 $71,782 5. Funded Ratio: (3) / (2) 90.6% 90.6% 96.1% 81.0% 73.4% 91.7% 90.9% 6. Annual Payroll $778,550 $47,481,364 $18,857,782 $4,450,160 $5,357,195 $210,504 $586,486 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 2.40% 7.70% 8.14% 4.92% 10.42% 1.71% 3.92% Prior Service 0.87% 3.56% 213% 2.47% 6.51% 1.36% 0.77% Total Retirement 3.27% 11.26% 10.27% 7.39% 16.93% 3.07% 4.69% Supplemental Death 0.27% 0.25% 0.17% 0.18% 0.19% 0.15% 031% Total Rate 3.54% 11.51% 10.44% 7.57% 17.12% 3.22% 5.00% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 10.83% 10.00% N/A N/A 3.10% N/A Statutory Maximum Rate (Total Retirement Only) 7.50% N/A 15.50% 9.50% N/A N/A 9.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.3 years 23.3 years 14.8 years 24.1 years 28.0 years 8.8 years 24.0 years Number of annuitants 6 763 176 31 69 1 7 Number of active contributing members 17 1,031 265 123 96 5 15 Number of inactive members 30 452 192 75 66 1 10 Average age of contributing members 46.4 years 43.6 years 40.9 years 41.3 years 41.4 years 49.2 years 50.9 years Average length of service of contributing members 9.0 years 10.5 years 11.1 years 9.0 years 12.2 years 10.7 years 7.5 years Page 1 of 63 Aledo Alice Allen Alpine Alto Alton Alvarado SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $395,516 $21,569,184 $108,661,617 $2,891,237 $256,531 $3,118,985 $1,979,480 b. Noncontributing Members 131,381 2,211,443 18,973,554 452,870 266,374 435,564 552,776 c. Annuitants 257,988 17,219,105 35,854,355 2,601,882 397,140 658,785 190,689 2. Total Actuarial Accred Liability $784,885 $40,999,732 $163,489,526 $5,945,989 $920,045 $4,213,334 $2,722,945 3. Actuarial value of assets 693,434 35,911,927 136,630,300 6,862,686 851,073 3,542,265 2,464,978 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $91,451 $5,087,805 $26,859,226 ($916,697) $68,972 $671,069 $257,967 5. Funded Ratio: (3) / (2) 88.3% 87.6% 83.6% 115.4% 92.5% 84.1% 90.5% 6. Annual Payroll $730,291 $11,220,480 $43,842,565 $2,488,798 $366,282 $2,607,537 $2,406,932 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.82% 6.44% 10.43% 3.47% 9.41% 11.99% 4.60% Prior Service 0.81% 3.02% 3.51% -2.26% 1.26% 1.46% 0.64% Total Retirement 7.63% 9.46% 13.94% 1.21% 10.67% 13.45% 5.24% Supplemental Death 0.17% 0.00% 0.14% 0.20% 0.19% 0.12% 0.13% Total Rate 7.80% 9.46% 14.08% 1.41% 10.86% 13.57% 5.37% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 6.59% N/A N/A L07% 8.58% 10.53% 5.09% Statutory Maximum Rate (Total Retirement Only) N/A 11.50% N/A 11.50% 1150% 13.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 23.0 years 22.0 years 28.1 years 25.0 years 24.2 years 28.5 years 26.2 years Number of annuitants 5 134 163 32 8 11 9 Number of active contributing members 14 240 710 53 11 77 57 Number of inactive members 8 74 360 42 13 70 44 Average age of contributing members 43.0 years 45.0 years 42.8 years 43.1 years 38.6 years 37.9 years 401 years Average length of service of contributing members 9.6 years 10.1 years 10.1 years 8.8 years 3.7 years 5.9 years 6.2 years Page 1 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 2 of 63 Alvin Alvord Amarillo Amherst Anahuac Andrews Angleton SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $24,838,652 $166,765 $192,255,910 $24,693 $92,252 $12,559,478 $13,567,544 b. Noncontributing Members 6,491,211 193,054 21,987,423 10,331 319,964 1,169,115 1,681,535 c. Annuitants 24,941,843 32,160 224,555,265 251,863 418,070 9,944,847 8,424,031 2. Total Actuarial Accrued Liability $56,271,706 $391,979 $438,798,598 $286,887 $830,286 $23,673,440 $23,673,110 3. Actuarial value of assets 45,540,948 317,314 378,735,764 301,971 819,440 19,964,755 19,627,130 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $10,730,758 $74,665 $60,062,834 ($15,084) $10,846 $3,708,685 $4,045,980 5. Funded Ratio: (3) / (2) 80.9% 81.0% 86.3% 1053% 98.7% 84.3% 82.9% 6. Annual Payroll $10,213,076 $312,837 $81,426,759 $140,818 $227,060 $3,974,334 $5,942,862 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.07% 5.05% 7.23% 4.07% 5.95% 8.90% 7.60% Prior Service 7.73% 1.98% 5.17% -0.72% 0.41% 6.61% 4.27% Total Retirement 17.80% 7.03% 12.40% 3.35°/ 6.36% 15.51% 11.87% Supplemental Death 0.16% 0.16% 0.00% 0.00% 0.17% 0.00% 022% Total Rate 17.96% 7.19% 12.40% 3.35% 6.53% 15.51% 12.09% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 6.55% 11.70% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A N/A N/A 12.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 19.0 years 16.1 years 20.4 years 25.0 years 16.8 years 20.1 years 24.2 years Number of annuitants 114 2 1,032 3 4 33 51 Number of active contributing members 214 7 1,772 4 7 70 121 Number of inactive members 192 3 977 4 13 29 42 Average age of contributing members 40.4 years 43.1 years 43.9 years 46.0 years 32.1 years 40.2 years 44.4 years Average length of service of contributing members 9.4 years 7.4 years 9.0 years 2.9 years 4.0 years 9.8 years 9.7 years Page 2 of 63 Anna Annetta Anson Anthony Aransas Pass Archer City Argyle SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $3,216,074 $15,204 $698,405 $862,330 $4,736,008 $393,224 $3,029,660 b. Noncontributing Members 677,834 1,992 98,664 190,801 1,356,644 174,681 781,054 c. Annuitants 947,927 0 314,861 264,199 7,607,077 152,344 404,176 2. Total Actuarial Accred Liability $4,841,835 $17,196 $1,111,930 $1,317,330 $13,699,729 $720,249 $4,214,890 3. Actuarial value of assets 3,892,739 14,859 1,096,333 951,250 10,990,603 647,398 3,520,090 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $949,096 $2,337 $15,597 $ 366,080 $2,709,126 $72,851 $694,800 5. Funded Ratio: (3) / (2) 80.4% 86.4% 98.6% 72.2% 80.2% 89.9% 83.5% 6. Annual Payroll $2,842,304 $65,376 $768,281 $1,362,600 $4,263,224 $761,309 $1,428,274 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 12.58% 184% 1.11% 1.42% 7.57% 3.55% 11.28% Prior Service 1.91% 0.67% 0.12% 1.70% 3.64% 0.62% 2.92% Total Retirement 14.49% 3.51% 1.23% 3.12% 11.21% 4.17% 14.20% Supplemental Death 0.11% 0.07% 0.27% 0.13% 0.16% 0.27% 0.00% Total Rate 14.60% 3.58% 1.50% 3.25% 11.37% 4.44% 14.20% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 13.62% 3.45% N/A N/A N/A 4.33% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 7.50% N/A N/A 9.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 6.0 years 26.6 years 23.8 years 28.1 years 23.0 years 25.9 years Number of annuitants 5 0 9 6 43 5 13 Number of active contributing members 52 1 20 35 97 18 22 Number of inactive members 20 1 19 22 111 13 24 Average age of contributing members 41.1 years 42.0 years 41.6 years 42.2 years 40.5 years 49.6 years 46.9 years Average length of service of contributing members 9.7 years 9.0 years 11.4 years 7.6 years 7.2 years 7.9 years 12.3 years Page 2 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 3 of 63 Arlington Arp Aspermont Athens Atlanta Aubrey Avinger SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $473,061,516 $262,111 $192,158 $17,583,463 $1,951,813 $1,558,760 $74,048 b. Noncontributing Members 81,501,304 267,505 22,181 2,290,614 330,004 523,042 0 c. Annuitants 531,850,580 83,528 169,080 14,430,646 1,192,817 286,758 0 2. Total Actuarial Accrued Liability $1,086,413,400 $613,144 $383,419 $34,304,723 $3,474,634 $2,368,560 $74,048 3. Actuarial value of assets 939,247,412 627,295 519,021 23,489,959 3,313,256 2,425,116 82,600 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $147,165,988 ($14,151) ($135,602) $10,814,764 $161,378 ($56,556) ($8,552) 5. Funded Ratio: (3) / (2) 86.5°/ 102.3% 135.4% 68.5°/ 95.4% 102.4% 111.5% 6. Annual Payroll $164,326,687 $303,635 $265,880 $6,735,881 $1,523,295 $1,891,683 $29,316 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.31% 2.41% 1.41% 10.50% 3.49% 3.54% 3.98% Prior Service 6.27% -0.29% -1.41% 10.67% 0.78% -0.18% -1.79% Total Retirement 15.58% 2.12% 0.00% 21,17% 4.27% 3.36% 2,19% Supplemental Death 0.15% 0.23% 016°/ 0.19% 022% 0.15% 028% Total Rate 15.73% 2.35% 0.16% 21.36% 4.49% 3.51% 2.47% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 15.58% 2.18% N/A N/A N/A 2.96% 113% Statutory Maximum Rate (Total Retirement Only) N/A 7.50% 7.50% N/A 7.50% 11.50°% 9.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.4 years 25.0 years 25.0 years 22.1 years 20.1 years 25.0 years 25.0 years Number of annuitants 1,558 2 2 61 17 10 0 Number of active contributing members 2,460 9 7 121 40 46 1 Number of inactive members 1,015 6 3 45 9 80 0 Average age of contributing members 41.9 years 41.6 years 45.9 years 41.9 years 49.1 years 42.1 years 62.0 years Average length of service of contributing members 11.3 years 8.2 years 8.5 years 10.9 years 10.8 years 7.9 years 16.1 years Page 3 of 63 Azle Baird Balch Springs Balcones Heights Ballinger Balmorhea Bandera SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $11,812,957 $144,034 $19,005,073 $5,767,690 $1,535,137 $16,306 $916,087 b. Noncontributing Members 3,087,949 136,926 3,418,486 1,467,648 101,563 3,066 269,660 c. Annuitants 5,555,362 310,125 8,505,968 8,566,846 1,756,034 0 744,343 2. Total Actuarial Accred Liability $20,456,268 $591,085 $30,929,527 $15,802,184 $3,392,734 $19,372 $1,930,090 3. Actuarial value of assets 16,899,513 653,091 22,957,758 12,516,904 3,310,850 35,777 1,981,744 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $3,556,755 ($62,006) $7,971,769 $3,285,280 $81,884 ($16,405) ($51,654) 5. Funded Ratio: (3) / (2) 82.6% 110.5% 74.2% 79.2% 97.6% 184.7% 102.7% 6. Annual Payroll $5,974,489 $484,755 $9,634,849 $2,719,207 $1,344,897 $29,783 $614,078 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.38°% 1.59°% 9.66°% 11.15°% 332°% 1.66°% 9.95°% Prior Service 3.74°% - 0.79°% 4.74°% 6.92°% 0.45°% - 1.66°% - 0.56°% Total Retirement 12.12°% 0.80% 14.40°% 18.07°% 3.77°% 0.00°% 9.39°% Supplemental Death 0.17°% 0.14°% 0.15°% 0.18°% 0.27°% 0.07°% 0.35°% Total Rate 12.29% 0.94°% 14.55°% 18.25°% 4.04°% 0.07% 9.74°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A M04% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 12.50% N/A N/A N/A 7.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.1 years 25.0 years 28.1 years 28.1 years 18.9 years 25.0 years 25.0 years Number of annuitants 62 5 77 53 16 0 9 Number of active contributing members 113 12 171 53 40 1 19 Number of inactive members 93 11 101 44 12 3 19 Average age of contributing members 42.2 years 43.0 years 41.8 years 44.1 years 46.6 years 46.2 years 451 years Average length of service of contributing members 10.2 years 4.9 years 7.9 years 11.0 years 7.6 years 7.3 years 5.7 years Page 3 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 4 of 63 Bangs Bartlett Bartonville Bastrop Bay City Bayou vista Baytown SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $712,971 $348,772 $145,277 $9,625,479 $11,992,553 $136,519 $147,439,761 b. Noncontributing Members 69,343 222,456 257,343 1,547,655 2,675,817 94,328 19,037,500 c. Annuitants 1,000,610 299,194 573,373 4,396,059 17,401,840 63,693 118,195,010 2. Total Actuarial Accrued Liability $1,782,924 $870,422 $975,993 $15,569,193 $32,070,210 $294,540 $284,672,271 3. Actuarial value of assets 1,630,618 983,897 630,202 12,615,084 27,977,891 326,418 229,881,435 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $152,306 ($113,475) $345,791 $2,954,109 $4,092,319 ($31,878) $54,790,836 5. Funded Ratio: (3) / (2) 91.5% 1110% 64.6% 81.0% 87.2% 110.8% 80.8% 6. Annual Payroll $504,665 $659,388 $415,809 $5,534,589 $7,004,787 $331,370 $48,709,419 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.79% 7.95% 8.05% 8.52% 5.79% 4.53% 9.90% Prior Service 2.00% -1.06% 7.22% 3.05% 4.17% -0.65% 7.48% Total Retirement 12.79% 6.89% 15.27°% 11.57% 9.96% 3.88% 17.38% Supplemental Death 0.30% 0.20% 0.09% 0.17% 023% 0.25% M6% Total Rate 13.09°% 7.09% 15.36°% 11.74% 10.19% 413°% 17.54% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 6.40% 13.01% 11.54% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 11.50% N/A 12.50% 11.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 22.2 years 25.0 years 15.1 years 28.2 years 20.3 years 25.0 years 22.1 years Number of annuitants 10 5 5 42 106 1 422 Number of active contributing members 14 11 7 113 161 7 774 Number of inactive members 14 25 5 54 94 10 276 Average age of contributing members 48.5 years 47.1 years 46.7 years 45.1 years 43.3 years 51.4 years 41.4 years Average length of service of contributing members 5.0 years 6.2 years 10.9 years 9.8 years 8.7 years 9.1 years 10.9 years Page 4 of 63 Beaumont Bedford Bee Cave Beeville Bellaire Bellmead Bells SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $196,229,761 $20,969,320 $2,485,990 $4,072,506 $29,657,858 $4,946,368 $73,427 b. Noncontributing Members 18,011,973 2,134,450 1,557,969 1,752,200 6,227,836 1,349,220 49,188 c. Annuitants 224,014,478 3,436,177 254,080 3,980,670 38,066,630 5,764,649 118,228 2. Total Actuarial Accred Liability $438,256,212 $26,539,947 $4,298,039 $9,805,376 $73,952,324 $12,060,237 $240,843 3. Actuarial value of assets 360,096,431 14,356,013 3,711,746 11,786,216 60,379,816 11,540,279 324,641 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $78,159,781 $12,183,934 $586,293 ($1,980,840) $13,572,508 $519,958 ($83,798) 5. Funded Ratio: (3) / (2) 82.2% 54.1% 86.4% 120.2% 81.6% 95.7% 134.8% 6. Annual Payroll $58,166,299 $21,229,777 $2,609,199 $4,727,139 $9,703,331 $3,507,846 $365,624 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.82°% 5.59°% 8.70°% 3.61°% 1130°% 8.14% 1.64°% Prior Service 9.88°% 3.35% 1.36°% - 2.57°% 9.57°% 0.85°% - 1.41°% Total Retirement 19.70°% 8.94% 10.06°% 1.04% 20.87°% 8.99°% 0.23°% Supplemental Death 0.00°% 0.00°% 0.14°% 0.00°% 0.21% 0.20°% 0.10°% Total Rate 19.70% 8.94% 10.20°% 1.04°% 21.08% 9.19% 0.33°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death M67% 8.52% 8.54% O.75% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 13.50% 11.50% N/A 12.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 19.0 years 27.2 years 25.6 years 25.0 years 21.1 years 28.0 years 25.0 years Number of annuitants 812 39 6 61 122 27 4 Number of active contributing members 988 334 40 124 148 72 11 Number of inactive members 339 102 34 100 89 49 12 Average age of contributing members 45.3 years 42.1 years 42.2 years 41.8 years 44.3 years 42.3 years 40.3 years Average length of service of contributing members 12.4 years 12.1 years 7.5 years 8.0 years 11.8 years 9.2 years 7.5 years Page 4 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 5 of 63 Bellville Belton Benbrook Berryville Bertram Big Lake Big Sandy SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $5,891,205 $9,599,079 $28,656,040 $36,547 $101,578 $3,484,459 $751,402 b. Noncontributing Members 609,982 1,875,942 3,215,008 0 139,312 546,563 159,813 c. Annuitants 4,334,948 8,717,096 18,445,541 138,831 248,271 1,439,796 14,465 2. Total Actuarial Accrued Liability $10,836,135 $20,192,117 $50,316,589 $175,378 $489,161 $5,470,818 $925,680 3. Actuarial value of assets 7,896,873 18,032,874 42,774,007 185,436 487,885 3,739,086 848,578 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $2,939,262 $2,159,243 $7,542,582 ($10,058) $1,276 $1,731,732 $77,102 5. Funded Ratio: (3) / (2) 719% 893% 85.0% 105.7% 99.7% 68.3% 91.7% 6. Annual Payroll $2,555,339 $7,948,867 $8,688,044 $111,357 $417,257 $1,151,125 $440,015 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.37% 6.00% 11.32% 3.27% 1.80% 7.38% 1.22% Prior Service 8.39% 1.55% 5.62% -0.55% 0.03% 10.15% 1.91% Total Retirement 14.76% 7.55% 16.94% 2.72°/ 1.83% 17.53% 3.13% Supplemental Death 0.28% 0.16% 0.15% 0.23% 0.00% 0.24% 032% Total Rate 15.04% T71% 17.09% 2.95% 1.83% 17.77% 3.45% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 15.01% 7.50% N/A 175% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 11.50% N/A 9.50% 7.50% N/A T50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 19.2 years 28.3 years 23.0 years 25.0 years 12.9 years 21.6 years 11.3 years Number of annuitants 33 77 65 3 6 10 2 Number of active contributing members 56 167 114 3 10 26 12 Number of inactive members 24 116 39 0 11 6 16 Average age of contributing members 46.7 years 39.2 years 42.0 years 53.1 years 409 years 40.6 years 441 years Average length of service of contributing members 11.4 years 8.7 years 12.9 years 3.2 years 9.2 years 9.2 years 12.1 years Page 5 of 63 Big Spring Bishop Blanco Blooming Grove Blossom Blue Mound Blue Ridge SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $18,101,833 $1,006,909 $147,735 $194,645 $229,996 $205,693 $73,386 b. Noncontributing Members 4,404,738 299,879 125,626 39,039 48,575 114,821 11,476 c. Annuitants 27,429,348 963,556 371,723 176,717 363,268 154,496 27,555 2. Total Actuarial Accred Liability $49,935,919 $2,270,344 $645,084 $410,401 $641,839 $475,010 $112,417 3. Actuarial value of assets 39,354,030 2,226,247 647,908 333,740 702,492 436,880 131,920 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $10,581,889 $44,097 ($2,824) $76,661 ($60,653) $38,130 ($19,503) 5. Funded Ratio: (3) / (2) 78.8% 98.1% 100.4% 81.3% 109.4% 92.0% 117.3% 6. Annual Payroll $9,179,965 $709,991 $526,078 $166,840 $171,496 $844,487 $161,607 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.90% 3.05% 1.69% 6.34% 5.80% 4.87% 1.97% Prior Service 8.03% 0.58% -0.03% 3.75% -2.17% 0.27% -0.74% Total Retirement 16.93% 3.63% 1.66% 10.09% 3.63% 5.14% 173% Supplemental Death 0.22% 0.26% 0.23% 0.13% 0.48% 0.11% 0.19% Total Rate 17.15% 3.89% 1.89% 10.22% 4.11% 5.25% 1.42% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 16.83% N/A N/A 938% 4.08% 5.14% 129% Statutory Maximum Rate (Total Retirement Only) N/A 11,50% 7.50% 11.50% 11.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.4 years 13.8 years 25.0 years 16.4 years 25.0 years 26.1 years 25.0 years Number of annuitants 140 14 5 2 4 5 2 Number of active contributing members 194 22 16 5 4 23 5 Number of inactive members 112 14 23 2 1 19 4 Average age of contributing members 41.9 years 46.4 years 42.6 years 43.9 years 50.3 years 42.5 years 39.7 years Average length of service of contributing members 6.5 years 9.8 years 3.2 years 8.3 years 9.0 years 5.9 years 3.1 years Page 5 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 6 of 63 Boerne Bogata Bonham Booker Borger Bovina Bowie SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $35,020,975 $130,801 $7,840,726 $435,864 $20,288,327 $82,982 $5,425,618 b. Noncontributing Members 2,137,803 21,497 1,597,110 124,617 2,478,450 39,748 1,881,700 c. Annuitants 14,658,672 60,918 5,156,955 154,284 17,804,763 228,076 7,469,241 2. Total Actuarial Accrued Liability $51,817,450 $213,216 $14,594,791 $714,765 $40,571,540 $350,806 $14,776,559 3. Actuarial value of assets 36,808,491 291,563 14,044,668 712,302 33,698,992 416,242 12,885,661 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $15,008,959 ($78,347) $550,123 $2,463 $6,872,548 ($65,436) $1,890,898 5. Funded Ratio: (3) / (2) 71.0°/ 136.7% 96.2% 993% 83.1% 118.7% 87.2% 6. Annual Payroll $12,712,561 $263,595 $5,051,608 $494,202 $7,986,658 $343,742 $3,627,495 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 11.55% 1.90% 4.12% 5.65% 9.51% 1.21% 6.95% Prior Service 6.77% -1.83% 0.93% 0.04% 5.42% -1.17% 3.35% Total Retirement 18.32% 0.07% 5.05°% 5.69% 14.93% 0.04°% 10.30% Supplemental Death 0.16% 0.22% 0.00°% 0.27% 0.20% 0.17% M7% Total Rate 18.48°% 0.29% 5.05°% 5.96°% 15.13% 0.21°% 10.47% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 18.45 % N/A 4.78% N/A N/A 0.21% M41% Statutory Maximum Rate (Total Retirement Only) N/A T50% 10.50% 9.50% N/A 7.50°% 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.0 years 25.0 years 15.5 years 16.8 years 24.0 years 25.0 years 23.3 years Number of annuitants 70 2 45 3 82 5 64 Number of active contributing members 230 9 110 12 164 11 84 Number of inactive members 65 4 90 11 67 19 74 Average age of contributing members 43.0 years 44.1 years 40.7 years 47.0 years 42.4 years 37.3 years 41.7 years Average length of service of contributing members 9.7 years 5.4 years 9.4 years 7.4 years 9.0 years 2.8 years 7.9 years Page 6 of 63 Boyd Brady Brazoria Breckenridge Bremond Brenham Bridge City SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $183,283 $4,246,000 $2,898,787 $2,074,203 $387,583 $19,116,442 $8,747,152 b. Noncontributing Members 253,023 1,961,656 312,797 681,714 132,331 4,248,761 1,603,563 c. Annuitants 372,441 2,427,312 665,818 5,222,589 45,144 17,884,357 7,479,194 2. Total Actuarial Accred Liability $808,747 $8,634,968 $3,877,402 $7,978,506 $565,058 $41,249,560 $17,829,909 3. Actuarial value of assets 846,374 7,290,444 3,642,516 6,747,328 383,985 37,980,924 14,682,271 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($37,627) $1,344,524 $234,886 $1,231,178 $181,073 $3,268,636 $3,147,638 5. Funded Ratio: (3) / (2) 104.7% 84.4% 93.9% 84.6% 68.0% 92.1% 82.3% 6. Annual Payroll $729,489 $3,523,868 $1,129,661 $2,319,887 $228,206 $10,568,298 $3,178,649 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.80°% 8.31°% 6.18% 4.66°% 6.07°% 3.72% 942°% Prior Service - 0.32°% 2.32% 2.51°% 3.14°% 12.23°% 3.33°% 5.67°% Total Retirement 3.48°% 10.63% 8.69°% 7.80% 18.30°% 7.05°% 1579% Supplemental Death 0.00°% 0.23°% 0.19°% 0.23°% 0.32% 0.00°% 0.30°% Total Rate 3.48% 10.86°% 8.88°% 8.03°% 18.62% 7.05% 15.39°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 10.76% 8.83% 8.02% 16.43% 6.57% N/A Statutory Maximum Rate (Total Retirement Only) 11.50% 12.50% 11.50°% N/A N/A 11.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 25.4 years 10.2 years 28.1 years 7.7 years 11.5 years 28.1 years Number of annuitants 5 46 12 46 2 112 42 Number of active contributing members 16 89 27 73 6 194 54 Number of inactive members 22 94 19 47 10 136 26 Average age of contributing members 36.8 years 44.3 years 48.2 years 40.4 years 44.7 years 43.1 years 481 years Average length of service of contributing members 6.9 years 6.8 years 12.4 years 6.6 years 7.5 years 11.8 years 13.1 years Page 6 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 7 of 63 Bridgeport Bronte Brookshire Brownfield Brownsville Brownsville PUB Brownwood SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $4,343,868 $226,613 $1,934,731 $9,286,827 $198,554,356 $90,006,799 $22,051,319 b. Noncontributing Members 2,089,590 8,981 1,385,470 438,832 11,181,126 8,368,345 3,067,526 c. Annuitants 4,719,861 153,792 890,724 7,978,238 115,774,780 55,966,494 20,875,153 2. Total Actuarial Accrued Liability $11,153,319 $389,386 $4,210,925 $17,703,897 $325,510,262 $154,341,638 $45,993,998 3. Actuarial value of assets 8,864,684 282,876 4,283,111 16,719,684 268,212,936 123,023,611 38,586,326 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $2,288,635 $106,510 ($72,186) $984,213 $57,297,326 $31,318,027 $7,407,672 5. Funded Ratio: (3) / (2) 79.5% 72.6% 101.7% 94.4% 82.4% 79.7% 83.9% 6. Annual Payroll $3,089,135 $109,900 $1,338,545 $3,684,783 $59,960,214 $28,011,419 $9,334,615 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.01% 1.95% 5.37% 5.45% 10.57% 10.27% 8.66% Prior Service 4.43% 10.48% -0.33% 2.17% 7.03% 7.27% 5.12% Total Retirement 13.44% 12.43% 5.04°% 7.62% 17.60% 17.54% 13.78% Supplemental Death 0.15% 0.14% 0.15°% 0.00% 0.16% 0.19% 0.00 % Total Rate 13.59°% 12.57% 5.19°% 7.62°% 17.76% 17.73°% 13.78% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 10.81% 4.53% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 13.50% N/A 11.50% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 12.0 years 25.0 years 16.5 years 19.0 years 22.8 years 23.1 years Number of annuitants 40 1 7 41 500 240 114 Number of active contributing members 60 3 36 87 1,127 570 223 Number of inactive members 73 1 40 29 223 99 70 Average age of contributing members 39.5 years 47.3 years 43.3 years 44.8 years 42.6 years 42.0 years 43.7 years Average length of service of contributing members 7.2 years 16.7 years 7.2 years 11.0 years 11.3 years 11.1 years 9.2 years Page 7 of 63 Brownwood Health Dept. Brownwood Public Library Bruceville -Eddy Bryan Bryson Buda Buffalo SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $574,133 $212,357 $311,351 $137,401,005 $49,715 $4,998,262 $712,394 b. Noncontributing Members 15,300 2,660 202,277 31,013,124 28,986 699,670 233,761 c. Annuitants 726,878 35,472 397,959 124,562,124 363,238 1,377,781 258,852 2. Total Actuarial Accrued Liability $1,316,311 $250,489 $911,587 $292,976,253 $441,939 $7,075,713 $1,205,007 3. Actuarial value of assets 1,130,193 296,550 948,644 241,545,879 574,780 5,373,003 1,204,430 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $186,118 ($46,061) ($37,057) $51,430,374 ($132,841) $1,702,710 $577 5. Funded Ratio: (3) / (2) 85.9% 118.4% 104.1% 82.4% 130.1°% 75.9% 100.0% 6. Annual Payroll $434,030 $196,262 $524,148 $51,731,677 $92,057 $3,714,146 $554,388 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.28°% 5.64°% 5.69% 8.92°% 2.28°% 12.23% 4.69°% Prior Service 2.78°% - 1.44°% - 0.45°% 6.37% - 2.28°% 2.60°% 0.01°% Total Retirement 11.06°% 4.20% 5.24°% 15.29°% 0.00°% 14.83°% 4.70°% Supplemental Death 0.00°% 0.00°% 0.17°% 0.00°% 0.00°% 0.15°% 0.33°% Total Rate 11.06% 4.20% 5.41°% 15.29°% 0.00°% 14.98% 5.03°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1036% 4.03% 4.83% N/A N/A 13.34% 4.89% Statutory Maximum Rate (Total Retirement Only) N/A 11.50% 11.50°% N/A 9.50% 13.50% 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 22.9 years 25.0 years 25.0 years 23.4 years 25,0 years 28.6 years 21.0 years Number of annuitants 10 2 7 531 1 12 3 Number of active contributing members 12 12 13 858 3 74 16 Number of inactive members 3 4 14 435 3 28 13 Average age of contributing members 46.9 years 57.0 years 41.4 years 40.8 years 37.2 years 40.9 years 49.9 years Average length of service of contributing members 8.8 years 4.9 years 4.4 years 10.6 years 5.6 years 7.1 years 10.0 years Page 7 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 8 of 63 Bullard Bulverde Bunker Hill village Burkburnett Burleson Burnet Burton SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,073,366 $1,310,453 $1,375,749 $5,463,586 $50,353,057 $10,094,358 $17,181 b. Noncontributing Members 260,113 469,734 106,546 2,042,374 9,018,105 2,508,534 0 c. Annuitants 114,664 313,922 1,264,328 5,767,305 22,284,553 8,851,030 0 2. Total Actuarial Accrued Liability $1,448,143 $2,094,109 $2,746,623 $13,273,265 $81,655,715 $21,453,922 $17,181 3. Actuarial value of assets 1,149,468 1,747,502 2,710,246 11,801,935 64,091,076 17,842,767 2,532 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $298,675 $346,607 $36,377 $1,471,330 $17,564,639 $3,611,155 $14,649 5. Funded Ratio: (3) / (2) 79.4% 814% 98.7% 88.9°% 78.5% 83.2% 14.7% 6. Annual Payroll $968,761 $1,254,765 $594,062 $2,925,272 $20,049,766 $5,522,402 $35,315 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.88°% 7.58°% 10.78°% 6.49°% 10.40% 9.00% 1.64°% Prior Service 1.81% 1.63% 0.60% 2.97% 5.02% 3.74% 7.79% Total Retirement 7.69°% 9.21% 11.38°% 9.46°% 15.42% 12.74°% 9.43% Supplemental Death 0.15% 0.11% 018°% 0.22% 0.13% 0.17% 0.10 % Total Rate 7.84% 9.32% 11.56°% 9.68°% 15.55% 12.91°% 9.53% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 7.81% 8.87% 10.60% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 11.50% N/A N/A N/A N/A 13.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 269 years 26.7 years 13.0 years 26.7 years 28.1 years 28.1 years 6.0 years Number of annuitants 2 6 6 44 95 52 0 Number of active contributing members 24 24 8 73 320 110 1 Number of inactive members 16 11 3 35 139 59 0 Average age of contributing members 41.4 years 41.5 years 49.1 years 42.2 years 42.3 years 42.7 years 45.5 years Average length of service of contributing members 8.3 years 9.2 years 16.3 years 9.0 years 10.9 years 9.1 years 12.8 years Page 8 of 63 Cactus Caddo Mills Caldwell Calvert Cameron Canadian Canton SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $350,374 $307,411 $5,287,974 $115,478 $2,036,726 $2,165,118 $5,470,989 b. Noncontributing Members 144,535 60,261 1,218,484 53,650 907,377 643,138 1,073,432 c. Annuitants 573,702 48,290 3,388,298 65,356 2,066,881 1,254,206 2,645,335 2. Total Actuarial Accred Liability $1,068,611 $415,962 $9,894,756 $234,484 $5,010,984 $4,062,462 $9,189,756 3. Actuarial value of assets 1,117,936 342,227 9,262,464 283,866 3,757,793 2,934,982 7,357,975 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($49,325) $73,735 $632,292 ($49,382) $1,253,191 $1,127,480 $1,831,781 5. Funded Ratio: (3) / (2) 104.6% 82.3% 93.6% 121.1% 75.0% 72.2% 80.1% 6. Annual Payroll $1,129,890 $574,277 $2,050,119 $375,913 $1,608,519 $919,843 $2,675,799 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 2.87°% 5.39°% 5.86°% 2.13°% 511°% 7.93°% 8.02°% Prior Service - 0.27°% 0.91°% 3.24°% - 0.81°% 5.17% 7.01°% 4.21°% Total Retirement 2.60°% 6.30% 9.10°% 1.32% 10.38°% 14.94°% 12.23% Supplemental Death 0.15°% 0.14°% 0.34°% 0.30°% 0.27°% 0.15% 0.21°% Total Rate 2.75% 6.44°% 9.44°% 1.62°% 10.65% 15.09% 12.44°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A N/A N/A N/A 11.96% Statutory Maximum Rate (Total Retirement Only) 10.50% N/A 11.50% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 20.1 years 11.9 years 25.0 years 24.2 years 28.1 years 24.9 years Number of annuitants 9 1 26 2 26 9 28 Number of active contributing members 30 13 56 11 44 20 66 Number of inactive members 40 10 33 20 31 8 35 Average age of contributing members 35.8 years 44.7 years 49.8 years 49.5 years 43.4 years 38.8 years 44.3 years Average length of service of contributing members 3.8 years 5.2 years 11.8 years 5.1 years 9.5 years 8.3 years 8.8 years Page 8 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 9 of 63 Canyon Carmine Carrizo Springs Carrollton Carthage Castle Hills Castroville SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $13,499,494 $95,027 $887,792 $158,971,262 $14,771,966 $7,455,116 $896,818 b. Noncontributing Members 3,268,119 43,397 200,196 57,943,409 1,363,643 1,490,719 1,212,345 c. Annuitants 9,842,651 998 3,463,199 161,667,270 13,886,634 7,042,783 2,862,249 2. Total Actuarial Accrued Liability $26,610,264 $139,422 $4,551,187 $378,581,941 $30,022,243 $15,988,618 $4,971,412 3. Actuarial value of assets 22,957,654 146,033 4,371,993 353,760,083 24,438,089 14,092,491 4,429,146 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $3,652,610 ($6,611) $179,194 $24,821,858 $5,584,154 $1,896,127 $542,266 5. Funded Ratio: (3) / (2) 863% 104.7% 96.1% 93.4% 81.4% 88.1% 89.1% 6. Annual Payroll $4,430,378 $30,203 $1,934,946 $53,131,808 $4,306,061 $3,324,892 $1,758,406 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.75% 2.80% 4.68% 8.41% 9.07% 7.99% 7.39% Prior Service 5.64% -1.48% 0.53% 4.03% 9.16% 3.59% 1.78% Total Retirement 16.39°% 1.32% 5.21°% 12.44% 18.23% 11.58°% 9.17% Supplemental Death 0.19% 0.09% 0.21% 0.00% 0.24% 0.20% 030% Total Rate 16.58°% 1.41% 5.42°% 12.44% 18.47% 11.78°% 9.47% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A 11.98 % N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 7.50% 9.50% N/A N/A N/A 11.50 % ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.1 years 25.0 years 28.1 years 15.4 years 20.2 years 24.0 years 28.2 years Number of annuitants 35 1 24 545 54 42 29 Number of active contributing members 84 1 54 803 80 63 41 Number of inactive members 39 2 41 558 37 34 50 Average age of contributing members 44.2 years 46.8 years 43.5 years 42.6 years 45.0 years 41.8 years 44.4 years Average length of service of contributing members 10.9 years 24.3 years 4.7 years 11.8 years 10.9 years 10.5 years 6.1 years Page 9 of 63 Cedar Hill Cedar Park Celeste Celina Center Centerville Chandler SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $51,055,159 $47,605,985 $22,035 $2,761,598 $6,623,964 $602,880 $576,958 b. Noncontributing Members 7,894,192 7,748,770 39,415 1,208,603 751,916 32,761 70,922 c. Annuitants 29,243,326 12,881,823 39,213 163,693 5,537,314 133,094 165,385 2. Total Actuarial Accrued Liability $88,192,677 $68,236,578 $100,663 $4,133,894 $12,913,194 $768,735 $813,265 3. Actuarial value of assets 75,225,636 53,164,168 37,084 4,318,897 9,751,943 567,106 531,823 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $12,967,041 $15,072,410 $63,579 ($185,003) $3,161,251 $201,629 $281,442 5. Funded Ratio: (3) / (2) 85.3% 77.9% 36.8% 104.5% 75.5% 73.8% 65.4% 6. Annual Payroll $20,047,331 $24,002,949 $101,830 $3,949,938 $3,008,673 $225,382 $932,768 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.71°% 8.82% 2.37°% 6.66°% 10.02% 5.48°% 2.04°% Prior Service 3.93°% 3.76% 5.07°% -0.29% 6.62°% 13.17°% 2.54% Total Retirement 13.64°% 12.58% 7.44°% 6.37% 16.64°% 18.65°% 4.58% Supplemental Death 0.15°% 0.11% 0.20°% 0.14% 0.19°% 0.00°% 0.24% Total Rate 13.79% 12.69°% 7.64°% 6.51% 16.83% 18.65% 4.82% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1339% 12.31% N/A 6M% N/A 16.94% N/A Statutory Maximum Rate (Total Retirement Only) N/A 13.50% N/A 13.50% N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.4 years 26.0 years 16.6 years 25.0 years 24.0 years 7.9 years 15.8 years Number of annuitants 137 95 1 2 45 1 5 Number of active contributing members 324 401 4 77 71 5 24 Number of inactive members 150 196 7 34 17 2 8 Average age of contributing members 42.6 years 40.8 years 48.2 years 40.8 years 42.1 years 47.4 years 49.4 years Average length of service of contributing members 11.2 years 10.0 years 11.0 years 7.0 years 9.1 years 13.4 years 7.4 years Page 9 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 10 of 63 Charlotte Chester Chico Childress Chireno Christine Cibolo SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $447,082 $254,756 $238,921 $3,657,101 $689,875 $13,048 $6,175,552 b. Noncontributing Members 84,874 180,899 29,819 157,636 335,563 259 1,542,934 c. Annuitants 74,908 0 103,828 4,453,849 663,967 17,254 1,437,497 2. Total Actuarial Accrued Liability $606,864 $435,655 $372,568 $8,268,586 $1,689,405 $30,561 $9,155,983 3. Actuarial value of assets 521,916 451,595 325,498 6,240,525 1,245,874 41,065 7,642,398 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $84,948 ($15,940) $47,070 $2,028,061 $443,531 ($10,504) $1,513,585 5. Funded Ratio: (3) / (2) 86.0% 103.7% 87.4% 75.5% 73.7% 134.4% 83.5% 6. Annual Payroll $320,084 $30,993 $330,321 $2,026,184 $301,153 $29,712 $5,481,617 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 4.62% 6.91% 2.23% 9.28% 9.54% 0.71% 11.23% Prior Service 2.38% -3.48% 1.44% 5.73% 9.09% -0.71% 1.59% Total Retirement 7.00% 3.43% 3.67°% 15.01% 18.63% 0.00% 12.82% Supplemental Death 0.14% 0.35% 0.36°% 0.27% 0.18% 0.00% M3% Total Rate 7.14% 3.78% 4.03°% 15.28% 18.81% 0.00°% 12.95% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 1.65% N/A N/A N/A N/A 1107% Statutory Maximum Rate (Total Retirement Only) 9.50% N/A N/A N/A N/A N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 14.5 years 25.0 years 12.4 years 28.1 years 24.8 years 25.0 years 27.8 years Number of annuitants 1 0 3 33 3 2 22 Number of active contributing members 10 2 9 64 7 1 116 Number of inactive members 6 2 4 29 1 2 72 Average age of contributing members 49.7 years 68.8 years 54.8 years 44.9 years 42.1 years 32.9 years 39.3 years Average length of service of contributing members 9.7 years 26.1 years 8.8 years 6.7 years 9.1 years 6.3 years 8.2 years Page 10 of 63 Cisco Clarendon Clarksville Clarksville City Clear Lake Shores Cleburne Cleveland SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,519,656 $370,672 $1,780,562 $48,098 $911,043 $37,508,904 $3,831,288 b. Noncontributing Members 156,122 85,802 688,712 26,560 159,010 5,061,474 1,630,692 c. Annuitants 1,040,116 160,474 314,324 1,169,341 458,781 43,628,653 4,955,194 2. Total Actuarial Accrued Liability $2,715,894 $616,948 $2,783,598 $1,243,999 $1,528,834 $86,199,031 $10,417,174 3. Actuarial value of assets 3,074,251 721,316 3,113,688 1,345,959 1,227,790 65,277,249 8,574,823 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($358,357) ($104,368) ($330,090) ($101,960) $301,044 $20,921,782 $1,842,351 5. Funded Ratio: (3) / (2) 113.2% 116.9% 111.9% 108.2% 80.3% 75.7% 82.3% 6. Annual Payroll $1,094,576 $460,831 $1,068,683 $203,124 $770,932 $14,676,279 $3,024,901 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 4.45°% 2.68°% 6.46°% 5.29°% 8.76°% 9.43% 6.55°% Prior Service - 2.01% - 1.39°% - 1.90°% - 1.82°% 2.34°% 9.17°% 4.01°% Total Retirement 2.44°% 1.29% 4.56°% 3.47% 11.10°% 18.60°% 10.57. Supplemental Death 0.21°% 0.30°% 0.20°% 0.15°% 0.19% 0.21°% 0.24°% Total Rate 2.65% 1.59% 4.76°% 3.62°% 11.29% 18.81% 10.80°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 1.50% 4.59% 120% N/A N/A 10.60% Statutory Maximum Rate (Total Retirement Only) 9.50% 9.50% 11.50°% N/A 12.50% N/A 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 25.0 years 25.0 years 25.0 years 26.5 years 23.2 years 24.1 years Number of annuitants 13 6 8 6 4 182 48 Number of active contributing members 34 15 31 4 15 282 78 Number of inactive members 25 16 32 4 13 94 63 Average age of contributing members 41.5 years 50.6 years 44.9 years 34.6 years 41.7 years 44.0 years 39.5 years Average length of service of contributing members 7.9 years 9.1 years 8.1 years 2.4 years 9.2 years 9.9 years 6.9 years Page 10 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 11 of 63 Clifton Clute Clyde Coahoma Cockrell Hill Coleman College Station SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $981,171 $7,391,181 $2,436,996 $233,225 $1,681,368 $7,199,152 $123,445,017 b. Noncontributing Members 350,950 4,131,105 357,894 119,546 860,491 1,471,469 29,337,067 c. Annuitants 610,357 7,603,317 853,406 350,021 1,092,640 4,988,734 99,539,861 2. Total Actuarial Accrued Liability $1,942,478 $19,125,603 $3,648,296 $702,792 $3,634,499 $13,659,355 $252,321,945 3. Actuarial value ofassets 2,026,019 18,354,015 2,990,167 716,160 3,803,145 11,168,746 216,491,588 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($83,541) $771,588 $658,129 ($13,368) ($168,646) $2,490,609 $35,830,357 5. Funded Ratio: (3) / (2) 1043% 96.0% 82.0% 101.9% 104.6% 81.8% 85.8% 6. Annual Payroll $1,030,153 $3,964,774 $1,122,286 $231,240 $1,299,220 $2,540,451 $49,245,704 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.90% 9.70% 9.72% 6.49% 8.95% 8.89% 8.67% Prior Service -0.50% 1.15% 3.36% -0.35% -0.80% 7.89% 4.73% Total Retirement 1.40% 10.85% 13.08°% 6.14°/ 8.15% 16.78°% 13.40% Supplemental Death 0.28% 0.19% 0.19°% 0.29% 0.14% 0.00% 0.00 % Total Rate 1.68% 11.04% 13.27°% 6.43°% 829% 16.78°% 13.40% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death L63% 10.65% N/A 5M% 7.69% N/A 13.28% Statutory Maximum Rate (Total Retirement Only) 7.50 ° / 13.50% 13.50% 11.50% 13.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 27.6 years 28.1 years 25.0 years 25.0 years 17.8 years 22.8 years Number of annuitants 14 48 10 4 13 44 391 Number of active contributing members 25 82 32 5 33 68 858 Number of inactive members 22 80 21 3 36 32 479 Average age of contributing members 45.9 years 43.2 years 42.9 years 49.9 years 38.7 years 48.1 years 39.7 years Average length of service of contributing members 9.0 years 8.0 years 9.2 years 6.9 years 8.0 years 10.7 years 10.2 years Page 11 of 63 Colleyville Collinsville Colmesneil Colorado City Columbus Comanche Commerce SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $22,088,010 $157,660 $214,588 $2,188,132 $3,403,673 $1,193,477 $4,007,467 b. Noncontributing Members 6,195,629 1,694 0 900,661 1,369,666 173,731 2,006,162 c. Annuitants 20,745,852 130,370 0 2,163,823 2,613,745 1,614,110 4,498,237 2. Total Actuarial Accrued Liability $49,029,491 $289,724 $214,588 $5,252,616 $7,387,084 $2,981,318 $10,511,866 3. Actuarial value of assets 49,852,738 325,359 168,031 5,040,348 6,219,490 2,768,689 9,396,829 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($823,247) ($35,635) $46,557 $212,268 $1,167,594 $212,629 $1,115,037 5. Funded Ratio: (3) / (2) 101.7% 112.3% 78.3% 96.0% 84.2% 92.9% 89.4% 6. Annual Payroll $12,281,471 $290,333 $120,197 $1,555,748 $1,672,750 $1,022,867 $2,999,061 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.78°% 112°% 3.25°% 8.34°% 8.61°% 3.11% 6.73°% Prior Service - 0.35% - 0.75°% 5.36°% 0.79% 5.16°% 1.37°% 2.27°% Total Retirement 8.43°% 1.37% 8.61°% 9.13% 13.77°% 4.48°% 9.00°% Supplemental Death 0.14°% 0.25°% 0.06°% 0.33°% 0.20°% 0.27°% 0.26°% Total Rate 8.57% 1.62% 8.67°% 9.46% 13.97% 4.75% 9.26°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 8.24% N/A 7.64% 9.05% 13.85% N/A M4% Statutory Maximum Rate (Total Retirement Only) 13.50°% &50% N/A 12.50% N/A 7.50% 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 25.0 years 8.5 years 28.1 years 19.5 years 22.4 years 25.2 years Number of annuitants 106 3 0 25 21 21 54 Number of active contributing members 181 7 4 42 37 27 78 Number of inactive members 117 2 0 45 32 13 87 Average age of contributing members 42.3 years 48.0 years 33.8 years 46.3 years 44.5 years 41.7 years 43.2 years Average length of service of contributing members 11.7 years 8.3 years 10.7 years 7.4 years 10.2 years 9.6 years 7.7 years Page 11 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 12 of 63 Conroe Converse Cooper Coppell Copper Canyon Copperas Cove Corinth SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $68,320,170 $14,532,360 $690,304 $80,953,627 $208,097 $24,633,566 $20,923,307 b. Noncontributing Members 9,507,288 3,534,893 36,765 12,903,197 90,911 7,965,283 3,857,216 c. Annuitants 41,496,163 6,896,049 615,458 39,398,441 39,088 22,295,407 8,096,976 2. Total Actuarial Accrued Liability $119,323,621 $24,963,302 $1,342,527 $133,255,265 $338,096 $54,894,256 $32,877,499 3. Actuarial value ofassets 95,181,922 19,793,186 1,305,911 114,766,793 299,286 46,655,899 26,153,202 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $24,141,699 $5,170,116 $36,616 $18,488,472 $38,810 $8,238,357 $6,724,297 5. Funded Ratio: (3) / (2) 79.8% 793% 97.3% 86.1% 88.5% 85.0% 79.5% 6. Annual Payroll $25,512,670 $6,367,896 $430,698 $27,460,129 $179,914 $11,420,822 $9,328,157 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.87% 9.83% 3.27% 11.28% 11.49% 819% 11.25% Prior Service 6.48% 4.65% 0.69% 4.20% 2.42% 4.14% 4.14% Total Retirement 16.35% 14.48% 3.96°% 15.48% 13.91% 12.33°% 15.39% Supplemental Death 0.00% 0.14% 0.32% 0.15% 0.47% 0.20°% (t12% Total Rate 16.35°% 14.62% 4.28°% 15.63% 1438% 12.53°% 15.51% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 14.58% N/A N/A 10.41% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 8.50% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.1 years 28.1 years 16.6 years 24.4 years 10.9 years 28.0 years 27.9 years Number of annuitants 159 45 5 175 1 199 61 Number of active contributing members 411 140 13 372 3 257 146 Number of inactive members 143 129 3 167 4 200 89 Average age of contributing members 41.4 years 41.0 years 50.7 years 43.8 years 63.5 years 41.6 years 42.0 years Average length of service of contributing members 10.1 years 9.2 years 10.9 years 12.4 years 17.6 years 11.5 years 12.0 years Page 12 of 63 Corpus Christi Corrigan Corsicana Cotulla Covington Crandall Crane SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $273,537,170 $355,796 $24,601,793 $1,200,351 $16,064 $1,332,397 $2,428,880 b. Noncontributing Members 38,772,241 122,697 4,062,215 60,758 0 841,394 115,493 c. Annuitants 394,159,461 836,281 22,624,250 693,163 0 522,561 3,781,350 2. Total Actuarial Accrued Liability $706,468,872 $1,314,774 $51,288,258 $1,954,272 $16,064 $2,696,352 $6,325,723 3. Actuarial value of assets 635,326,206 1,309,616 42,431,433 1,532,888 2,176 2,741,586 6,055,471 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $71,142,666 $5,158 $8,856,825 $421,384 $13,888 ($45,234) $270,252 5. Funded Ratio: (3) / (2) 89.9% 99.6% 82.7% 78.4% 13.5% 101.7% 95.7% 6. Annual Payroll $122,740,971 $845,243 $8,506,286 $1,435,443 $68,161 $1,262,718 $1,249,836 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 4.72°% 1.55°% 8.08% 4.65°% 319°% 10.70% 935°% Prior Service 6.00°% 0.04°% 8.10°% 1.74°% 3.34°% - 0.22°% 1.22°% Total Retirement 10.72°% 1.59% 16.18°% 6.39% 6.63°% 10.48°% 10.57% Supplemental Death 0.00°% 0.24°% 0.24°% 0.25°% 0.21°% 0.17°% 0.19°% Total Rate 10.72% 1.83% 16.42°% 6.64°% 6.84°% 10.65% 10.76°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 10.48 % 1.81% 15.05% 6.59% 6.80% 9.98% N/A Statutory Maximum Rate (Total Retirement Only) N/A 7.50% N/A 11.50% N/A 13.50°% 15.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 12.6 years 22.6 years 19.6 years 26.5 years 7.0 years 25.0 years 28.8 years Number of annuitants 2,060 14 142 15 0 9 19 Number of active contributing members 2,346 26 163 43 2 25 24 Number of inactive members 917 29 83 68 0 37 2 Average age of contributing members 44.8 years 44.0 years 45.0 years 45.9 years 50.7 years 41.6 years 44.0 years Average length of service of contributing members 11.3 years 6.3 years 12.5 years 4.1 years 2.5 years 6.7 years 9.5 years Page 12 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 13 of 63 Crawford Crockett Crosbyton Cross Plains Cross Roads Crowley Crystal City SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $55,144 $3,584,441 $341,481 $659,892 $47,771 $9,622,760 $967,633 b. Noncontributing Members 61,665 1,358,874 163,473 263,229 25,026 1,765,796 615,938 c. Annuitants 0 5,018,322 978,201 94,745 34,834 4,683,264 1,444,718 2. Total Actuarial Accrued Liability $116,809 $9,961,637 $1,483,155 $1,017,866 $107,631 $16,071,820 $3,028,289 3. Actuarial value of assets 133,160 9,365,910 1,508,982 935,594 78,467 13,705,335 3,703,970 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($16,351) $595,727 ($25,827) $82,272 $29,164 $2,366,485 ($675,681) 5. Funded Ratio: (3) / (2) 114.0°% 94.0% 101.7% 91.9°% 72.9% 85.3% 122.3% 6. Annual Payroll $194,721 $2,534,055 $344,538 $381,486 $246,207 $5,431,162 $1,585,399 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.36% 6.72°% 5.57°% 5.56% 6.11% 8.27% 4.26°% Prior Service -0.52% 1.55% -0.46% 2.55% 0.90% 2.49% -2.70% Total Retirement 0.84°% 8.27% 5.11°% 8.11°% 7.01% 10.76°% 1.56% Supplemental Death 0.00% 0.32% 0.60°% 0.37% 0.03% 014°% (t00% Total Rate 0.84% 8.59% 5.71°% 8.48°% 7.04% 10.90°% 1.56% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 5.41% &44% N/A N/A O.86% Statutory Maximum Rate (Total Retirement Only) 7.50% 11.50% 10.50% 9.50°% N/A 12.50% 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 22.4 years 25.0 years 10.3 years 18.2 years 28.2 years 25.0 years Number of annuitants 0 52 14 1 1 43 21 Number of active contributing members 5 55 11 9 3 108 60 Number of inactive members 3 40 11 7 2 70 84 Average age of contributing members 38.5 years 42.4 years 50.8 years 48.5 years 33.8 years 41.9 years 42.8 years Average length of service of contributing members 4.1 years 9.2 years 5.9 years 9.6 years 4.4 years 10.2 years 4.2 years Page 13 of 63 Cuero Cumby Daingerfield Daisetta Dalhart Dalworthington Gardens Danbury SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,378,677 $90,500 $1,045,246 $138,945 $3,552,584 $4,576,713 $338,886 b. Noncontributing Members 1,288,630 58,672 565,146 35,745 1,049,221 637,080 51,439 c. Annuitants 5,080,678 96,109 799,566 6,716 2,917,447 2,587,421 5,110 2. Total Actuarial Accrued Liability $12,747,985 $245,281 $2,409,958 $181,406 $7,519,252 $7,801,214 $395,435 3. Actuarial value of assets 10,019,929 205,658 2,180,306 214,211 7,511,037 4,969,628 292,372 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $2,728,056 $39,623 $229,652 ($32,805) $8,215 $2,831,586 $103,063 5. Funded Ratio: (3) / (2) 78.6% 83.8% 90.5% 118.1% 99.9% 63.7% 73.9% 6. Annual Payroll $4,909,000 $400,566 $787,171 $269,836 $2,502,259 $1,582,559 $353,125 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.95°% 1.42°% 5.44°% 2.16°% 4.70% 10.46°% 4.52°% Prior Service 3.18°% 0.64% 1.78°% - 0.82°% 0.02% 11.55°% 2.14°% Total Retirement 10.13°% 2.06% 7.22°% 1.34% 4.72% 22.01°% 6.66°% Supplemental Death 0.24°% 0.11°% 0.00°% 0.24°% 0.20°% 0.15% 0.14% Total Rate 10.37% 2.17°% 7.22°% 1.58% 4.92°% 22.16% 6.80°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 7.19% N/A 4.35% N/A 6.36% Statutory Maximum Rate (Total Retirement Only) 11.50% N/A 9.50°% N/A 11.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 23.0 years 25.3 years 25.0 years 25.3 years 23.1 years 19.1 years Number of annuitants 49 3 11 1 27 6 1 Number of active contributing members 98 11 19 9 61 24 8 Number of inactive members 44 11 9 7 73 21 10 Average age of contributing members 44.3 years 37.1 years 46.1 years 54.0 years 39.9 years 41.2 years 49.7 years Average length of service of contributing members 9.2 years 3.4 years 8.9 years 6.3 years 8.2 years 12.4 years 8.3 years Page 13 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 14 of 63 Darrouzett Dayton De Leon DeSoto Decatur Deer Park Dekalb SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $32,846 $4,192,897 $224,169 $49,021,489 $14,529,201 $52,889,952 $389,946 b. Noncontributing Members 192,680 559,966 37,583 12,958,485 2,428,116 5,269,397 90,137 c. Annuitants 0 2,160,125 308,744 43,945,028 4,363,829 60,641,063 238,976 2. Total Actuarial Accrued Liability $225,526 $6,912,988 $570,496 $105,925,002 $21,321,146 $118,800,412 $719,059 3. Actuarial value of assets 217,674 5,940,648 540,087 99,280,304 16,878,642 106,992,305 749,039 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $7,852 $972,340 $30,409 $6,644,698 $4,442,504 $11,808,107 ($29,980) 5. Funded Ratio: (3) / (2) 96.5% 85.9% 94.7% 917°/ 79.2% 90.1% 1041% 6. Annual Payroll $105,822 $3,462,797 $486,104 $21,710,188 $5,919,548 $18,330,079 $534,792 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.84% 5.82% 1.07% 9.36% 10.83% 10.44% 3.58% Prior Service 1.08% 1.59% 0.44% 1.83% 4.30% 3.92% -0.35% Total Retirement 2.92% 7.41% 1.51°% 11.19% 15.13% 14.36% 3.23% Supplemental Death 0.04% 0.21% 0.15°% 0.15% 020% 017°% 021% Total Rate 2.96% 7.62% 1.66°% 11.34% 1533% 14.53°% 3.44% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1.92% 6.96% N/A 11.03 % N/A 14.51% 3.15% Statutory Maximum Rate (Total Retirement Only) N/A 13.50% 7.50% N/A N/A N/A M0% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 8.0 years 28.6 years 23.3 years 26.1 years 28.1 years 25.4 years 25.0 years Number of annuitants 0 36 7 191 36 193 8 Number of active contributing members 3 87 14 322 109 291 16 Number of inactive members 3 52 13 195 64 111 8 Average age of contributing members 38.3 years 43.5 years 39.6 years 43.3 years 45.8 years 40.8 years 46.5 years Average length of service of contributing members 3.2 years 7.6 years 4.8 years 11.4 years 12.3 years 11.6 years 6.6 years Page 14 of 63 Del Rio Dell City Denison Denton Denver City Deport Devine SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $19,529,918 $146,504 $28,345,628 $240,339,381 $3,452,255 $2,774 $3,393,315 b. Noncontributing Members 1,690,038 0 4,681,619 38,455,448 1,037,639 0 155,071 c. Annuitants 6,426,721 220,604 27,085,918 130,482,431 4,258,889 73,447 612,374 2. Total Actuarial Accrued Liability $27,646,677 $367,108 $60,113,165 $409,277,260 $8,748,783 $76,221 $4,160,760 3. Actuarial value of assets 17,622,547 347,123 54,493,078 331,740,299 8,098,689 65,811 2,349,757 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $10,024,130 $19,985 $5, 620, 087 $77,536 ,961 $650,094 $10,410 $1,811,003 5. Funded Ratio: (3) / (2) 63.7% 94.6% 90.7% 81.1% 92.6% 86.3% 56.5% 6. Annual Payroll $18,503,230 $54,671 $10,436,706 $79,144,454 $1,298,435 $86,515 $1,582,852 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.73°% 4.67°% 8.52% 10.09°% 6.66°% 1.60% 5.09°% Prior Service 3.76°% 3.06% 4.21°% 7.21°% 5.92°% 1.50°% 7.55°% Total Retirement 7.49°% 7.73% 12.73°% 17.30°% 12.58°% 3.10°% 12.64% Supplemental Death 0.17°% 0.23°% 0.00°% 0.18°% 0.27% 0.07°% 0.21°% Total Rate 7.66% 7.96% 12.73°% 17.48°% 12.85% 3.17% 12.85°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death T56% 6.93% 12.30% N/A 12.41% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.7 years 17.5 years 17.4 years 19.0 years 10.5 years 9.6 years 22.3 years Number of annuitants 79 1 132 498 17 1 8 Number of active contributing members 480 1 210 1,188 28 3 39 Number of inactive members 161 0 92 443 27 0 13 Average age of contributing members 43.1 years 42.5 years 45.5 years 43.9 years 46.8 years 33.2 years 47.8 years Average length of service of contributing members 9.1 years 21.3 years 11.8 years 11.8 years 10.5 years 0.6 years 12.1 years Page 14 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 15 of 63 Diboll Dickens Dickinson Dilley Dimmitt Donna Double Oak SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $4,103,942 $33,709 $10,782,593 $1,257,979 $1,899,451 $5,239,466 $486,543 b. Noncontributing Members 1,404,931 1,016 1,647,465 52,305 421,364 825,211 39,939 c. Annuitants 4,573,188 0 2,318,318 789,745 1,841,432 844,394 24,986 2. Total Actuarial Accrued Liability $10,082,061 $34,725 $14,748,376 $2,100,029 $4,162,247 $6,909,071 $551,468 3. Actuarial value of assets 8,550,083 40,753 13,559,000 1,559,924 4,572,282 5,076,698 499,813 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $1,531,978 ($6,028) $1,189,376 $540,105 ($410,035) $1,832,373 $51,655 5. Funded Ratio: (3) / (2) 84.8% 117.4% 91.9% 743% 109.9% 73.5% 90.6% 6. Annual Payroll $1,877,322 $62,968 $4,434,366 $1,425,496 $960,941 $4,157,595 $685,981 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.42% 2.23% 7.57% 5.83% 7.51% 5.78% 5.26% Prior Service 4.88% -0.59% 1.57% 2.22% -2.62% 2.78% 0.57% Total Retirement 14.30% 1.64% 9.14°% 8.05% 4.89% 8.56°% 5.83% Supplemental Death 0.16% 0.07% 0.18°% 0.23% 0.00% 0.00% 024% Total Rate 14.46°% 1.71% 9.32°% 8.28°% 4.89% 8.56°% 6.07% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 14J4% 1.60% 9.13°% 822% N/A 7.74% 5M% Statutory Maximum Rate (Total Retirement Only) 13.50% N/A 13.50% 11.50% 12.50% 12.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 25.0 years 27.1 years 27.0 years 25.0 years 23.9 years 18.3 years Number of annuitants 31 0 26 15 15 26 3 Number of active contributing members 46 2 91 39 28 128 12 Number of inactive members 33 1 71 38 14 59 5 Average age of contributing members 41.1 years 43.5 years 43.2 years 46.9 years 48.2 years 41.0 years 46.3 years Average length of service of contributing members 10.0 years 4.9 years 10.7 years 7.3 years 9.1 years 5.8 years 11.4 years Page 15 of 63 Dripping Springs Driscoll Dublin Dumas Duncanville Eagle Lake Eagle Pass SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $368,511 $15,768 $1,937,219 $7,572,029 $32,626,286 $1,999,013 $31,655,428 b. Noncontributing Members 37,779 40,276 597,060 2,048,707 10,727,712 757,553 2,570,015 c. Annuitants 0 0 984,688 6,808,023 56,625,153 1,362,361 26,763,668 2. Total Actuarial Accrued Liability $406,290 $56,044 $3,518,967 $16,428,759 $99,979,151 $4,118,927 $60,989,111 3. Actuarial value of assets 339,655 44,043 2,696,640 15,166,185 100,535,871 3,746,120 57,810,498 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $66,635 $12,001 $822,327 $1,262,574 ($556,720) $372,807 $3,178,613 5. Funded Ratio: (3) / (2) 83.6% 78.6% 76.6% 92.3% 100.6°% 90.9% 94.8% 6. Annual Payroll $524,003 $42,702 $1,296,097 $5,630,384 $15,789,943 $1,183,303 $14,860,911 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.59°% 1.60°% 9.17% 4.83°% 5.64°% 7.19% 6.95°% Prior Service 0.95°% 3.09°% 3.63°% 1.28% - 0.22°% 2.00°% 1.97°% Total Retirement 2.54°% 4.69% 12.80°% 6.11% 5.42°% 9.19°% 8.92°% Supplemental Death 0.12°% 0.08°% 0.20°% 0.18°% 0.00°% 0.21°% 0.22°% Total Rate 2.66% 4.77% 13.00°% 6.29% 5.42°% 9.40% 9.14°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 154% 3.56% N/A N/A 4.26% 9.18% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 9.50% N/A 12.50°% 11.50 % ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 18.6 years 11.2 years 28.1 years 28.2 years 25,0 years 24.4 years 14.0 years Number of annuitants 0 0 15 60 197 14 159 Number of active contributing members 8 2 42 120 251 28 394 Number of inactive members 4 9 43 90 151 28 116 Average age of contributing members 48.3 years 39.7 years 40.6 years 40.7 years 42.9 years 47.0 years 42.4 years Average length of service of contributing members 7.7 years 2.3 years 4.8 years 8.7 years 10.8 years 8.1 years 9.4 years Page 15 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 16 of 63 Early Earth East Bernard East Mountain East Tawakoni Eastland Ector SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $970,502 $81,027 $33,013 $149,272 $328,517 $1,956,593 $130,576 b. Noncontributing Members 101,851 72,804 0 49,170 72,106 362,017 5,195 c. Annuitants 1,094,412 72,309 0 129,670 260,866 1,612,037 20,419 2. Total Actuarial Accrued Liability $2,166,765 $226,140 $33,013 $328,112 $661,489 $3,930,647 $156,190 3. Actuarial value of assets 2,229,124 162,603 11,062 269,635 656,746 3,455,796 160,287 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($62,359) $63,537 $21,951 $58,477 $4,743 $474,851 ($4,097) 5. Funded Ratio: (3) / (2) 1019% 71.9% 33.5% 812% 99.3% 87.9% 102.6% 6. Annual Payroll $973,265 $154,712 $112,923 $232,396 $292,453 $1,527,199 $128,724 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.70% 2.14% 3.98% 12.19% 6.22% 7.32% 2.35% Prior Service -0.39% 3.05% 2.56% 2.22% 0.14% 1.90% -0.20% Total Retirement 3.31% 5.19% 6.54°% 14.41% 6.36% 9.22% 2.15% Supplemental Death 0.17% 0.25% 0.28°% 0.08% 0.31% 0.31% 039% Total Rate 3.48% 5.44% 6.82°% 14.49% 6.67% 9.53°% 2.54% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 3.46% 5.31% N/A 13M% 6.21% N/A N/A Statutory Maximum Rate (Total Retirement Only) 9.50% N/A N/A N/A N/A 11.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 18.8 years 9.0 years 14.8 years 15.3 years 25.2 years 25.0 years Number of annuitants 12 2 0 2 2 18 1 Number of active contributing members 24 6 4 6 10 37 3 Number of inactive members 9 6 0 2 4 26 1 Average age of contributing members 43.0 years 53.7 years 51.9 years 38.6 years 48.8 years 43.4 years 55.4 years Average length of service of contributing members 7.4 years 6.6 years 2.7 years 4.1 years 5.3 years 8.9 years 10.6 years Page 16 of 63 Eden Edgewood Edinburg Edna El Campo Eldorado Electra SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $380,551 $120,217 $78,277,370 $4,396,246 $12,464,253 $728,505 $483,772 b. Noncontributing Members 91,536 101,441 5,505,661 637,775 2,981,013 119,350 386,470 c. Annuitants 673,481 90,056 37,572,850 2,866,653 11,142,967 1,424,572 894,190 2. Total Actuarial Accred Liability $1,145,568 $311,714 $121,355,881 $7,900,674 $26,588,233 $2,272,427 $1,764,432 3. Actuarial value of assets 1,146,011 256,914 88,794,727 6,222,409 22,392,151 2,019,124 1,708,939 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($ 443) $54, 800 $32,561,154 $1,678,265 $4,196,082 $253,303 $55,493 5. Funded Ratio: (3) / (2) 100.0% 82.4% 73.2% 78.8% 84.2% 88.9% 96.9% 6. Annual Payroll $391,908 $223,817 $31,126,171 $2,043,634 $5,456,680 $682,220 $1,162,793 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.46°% 238°% 8.43% 6.02°% 614°% 5.16% 1.62°% Prior Service -0.01% 1.85°% 6.42°% 5.92°% 4.97°% 2.13°% 0.38°% Total Retirement 3.45°% 4.23% 14.85°% 11.94°% 11.21°% 7.29°% 2.00% Supplemental Death 0.23°% 0.41°% 0.14°% 0.22°% 0.21°% 0.24°% 0.23°% Total Rate 3.68% 4.64% 14.99°% 12.16°% 11.42% 7.53% 2.23°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 4.43% N/A N/A N/A 7.40% N/A Statutory Maximum Rate (Total Retirement Only) 7.50% N/A N/A N/A N/A 10.50% T50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 20.6 years 25.0 years 19.6 years 23.1 years 28.0 years 18.1 years Number of annuitants 10 6 206 26 66 8 22 Number of active contributing members 13 8 734 44 104 18 28 Number of inactive members 5 8 210 30 58 17 38 Average age of contributing members 48.4 years 50.0 years 41.3 years 45.4 years 42.3 years 40.6 years 44.2 years Average length of service of contributing members 7.4 years 6.2 years 8.7 years 11.0 years 11.2 years 5.4 years 6.5 years Page 16 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 17 of 63 Elgin Elkhart Elmendorf Emory Ennis Euless Eustace SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,948,349 $256,363 $89,179 $530,599 $29,589,996 $94,626,210 $402,357 b. Noncontributing Members 1,497,333 80,366 22,251 168,623 2,123,492 14,688,341 70,734 c. Annuitants 1,714,645 355,984 16,936 593,249 28,902,086 76,374,779 177,754 2. Total Actuarial Accrued Liability $10,160,327 $692,713 $128,366 $1,292,471 $60,615,574 $185,689,330 $650,845 3. Actuarial value of assets 7,872,867 603,269 131,754 1,313,387 52,041,300 162,456,474 578,937 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $2,287,460 $89,444 ($3,388) ($20,916) $8,574,274 $23,232,856 $71,908 5. Funded Ratio: (3) / (2) 77.5°% 87.1% 102.6% 101.6% 85.9% 87.5% 89.0% 6. Annual Payroll $3,328,684 $256,942 $412,550 $906,440 $9,519,811 $26,889,824 $294,072 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.16% 3.32°% 1.54°% 4.90% 11.53% 1115% 5.68°% Prior Service 4.08% 2.53% -0.05% -0.14% 5.83% 6.61% 2.92% Total Retirement 14.24°% 5.85% 1.49°% 4.76°% 17.36% 17.76°% 8.60% Supplemental Death 0.27% 0.00% 0.12°% 0.23% 0.21% 0.00°% 028% Total Rate 14.51°% 5.85% 1.61°% 4.99°% 17.57% 17.76°% 8.88% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A N/A N/A N/A T67% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 11.50% N/A N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 26.4 years 19.3 years 25.0 years 25.0 years 23.0 years 18.0 years 10, 1 years Number of annuitants 17 4 1 8 116 203 6 Number of active contributing members 76 5 11 22 170 374 6 Number of inactive members 54 3 9 9 41 143 11 Average age of contributing members 46.8 years 48.7 years 40.5 years 44.5 years 44.8 years 43.2 years 46.4 years Average length of service of contributing members 10.4 years 9.5 years 3.0 years 6.8 years 13.2 years 13.7 years 9.0 years Page 17 of 63 Everman Fair Oaks Ranch Fairfield Fairview Falfurrias Falls City Farmers Branch SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $2,553,385 $3,491,679 $1,856,155 $4,444,502 $1,107,338 $98,517 $92,604,277 b. Noncontributing Members 573,695 974,286 664,836 1,126,419 232,368 107,902 27,857,350 c. Annuitants 2,443,529 963,646 2,067,495 272,179 1,067,579 48,097 116,368,612 2. Total Actuarial Accrued Liability $5,570,609 $5,429,611 $4,588,486 $5,843,100 $2,407,285 $254,516 $236,830,239 3. Actuarial value of assets 5,028,028 4,779,408 5,179,729 4,807,862 2,236,004 156,967 207,096,211 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $542,581 $650,203 ($591,243) $1, 035 ,238 $171,281 $97,549 $29,734,028 5. Funded Ratio: (3) / (2) 90.3% 88.0% 112.9% 82.3% 92.9% 61.7% 87.4% 6. Annual Payroll $2,017,094 $2,330,343 $1,737,231 $3,896,515 $1,721,508 $126,170 $27,663,548 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.64% 9.87°% 5.53°% 9.26°% 2.68% 5.20°% 10.17°% Prior Service 1.67°% 1.59°% - 2.09°% 1.55% 0.63°% 4.72°% 8.07°% Total Retirement 8.31°% 11.46% 3.44°% 10.81°% 3.31°% 9.92°% 18.27. Supplemental Death 0.23°% 0.12°% 0.23°% 0.15°% 0.25°% 0.32% 0.13°% Total Rate 8.54% 11.58°% 3.67°% 10.96% 3.56°% 10.24% 18.37°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 3.54% 10.72% N/A 10.10% 18.25% Statutory Maximum Rate (Total Retirement Only) 11.50% 13.50% 11.50% N/A 9.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.6 years 28.3 years 25.0 years 27.2 years 23.8 years 25.2 years 19.1 years Number of annuitants 17 9 24 4 18 1 292 Number of active contributing members 49 46 37 58 39 4 403 Number of inactive members 40 27 30 29 34 8 251 Average age of contributing members 42.0 years 40.7 years 43.9 years 41.4 years 46.5 years 52.5 years 41.8 years Average length of service of contributing members 7.8 years 5.8 years 7.0 years 8.6 years 8.9 years 4.8 years 11.8 years Page 17 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 18 of 63 Farmersville Farwell Fate Fayetteville Ferris Flatonia Florence SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $2,449,360 $165,550 $1,042,752 $55,609 $713,899 $2,858,379 $175,155 b. Noncontributing Members 453,901 84,518 608,592 0 1,109,053 369,486 155,101 c. Annuitants 2,069,844 748,372 228,918 33,806 1,598,837 1,108,672 17,619 2. Total Actuarial Accrued Liability $4,973,105 $998,440 $1,880,262 $89,415 $3,421,789 $4,336,537 $347,875 3. Actuarial value of assets 4,399,177 865,554 1,585,684 93,337 3,180,095 3,614,591 344,398 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $573,928 $132,886 $294,578 ($3,922) $241,694 $721,946 $3,477 5. Funded Ratio: (3) / (2) 88.5% 86.7% 84.3% 104.4% 92.9% 83.4% 99.0% 6. Annual Payroll $1,822,289 $235,282 $2,175,486 $49,985 $1,793,827 $829,461 $298,120 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.97% 11.31% 9.92% 1.37% 5.54% 10.13% 4.13% Prior Service 1.80% 3.36% 0.80% -0.48% 0.77% 7.80% 0.11% Total Retirement 8.77% 14.67% 10.72°% 0.89% 6.31% 17.93% 4.24% Supplemental Death 0.21% 0.11% 0.09°% 0.00% 0.17% 0.21°% 012% Total Rate 8.98% 14.78% 10.81% 0.89°% 6.48% 1814°% 4.36% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 14.62% 9.46% O.71% N/A N/A 3.95% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 9.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.2 years 26.3 years 26.6 years 25.0 years 28.2 years 14.5 years 13.6 years Number of annuitants 18 3 6 1 23 11 2 Number of active contributing members 35 6 40 1 40 18 8 Number of inactive members 15 10 24 0 36 8 11 Average age of contributing members 45.2 years 43.5 years 40.6 years 50.5 years 41.5 years 47.6 years 41.6 years Average length of service of contributing members 8.7 years 6.6 years 8.8 years 12.3 years 5.2 years 12.8 years 5.4 years Page 18 of 63 Floresville Flower Mound Floydada Forest Hill Forney Fort Stockton Franklin SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $2,848,691 $70,551,064 $2,811,764 $8,986,485 $13,514,302 $6,899,744 $286,575 b. Noncontributing Members 517,710 15,244,273 63,430 3,447,537 1,467,266 1,834,729 31,702 c. Annuitants 2,944,287 23,572,529 2,061,546 7,581,636 2,959,724 6,864,112 143,608 2. Total Actuarial Accrued Liability $6,310,688 $109,367,866 $4,936,740 $20,015,658 $17,941,292 $15,598,585 $461,885 3. Actuarial value of assets 4,776,397 96,866,065 3,982,879 16,805,579 14,498,003 12,323,102 524,917 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $1,534,291 $12,501,801 $953,861 $3,210,079 $3,443,289 $3,275,483 ($63,032) 5. Funded Ratio: (3) / (2) 75.7% 88.6% 80.7% 84.0% 80.8% 79.0% 113.6% 6. Annual Payroll $2,489,990 $33,166,310 $1,060,262 $4,972,470 $7,467,973 $5,084,552 $508,749 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.73% 8.00°% 6.93°% 9.63°% 10.93°% 6.18% 4.24°% Prior Service 3.99°% 2.21°% 6.18°% 3.70°% 2.64°% 4.04°% - 0.76°% Total Retirement 10.72°% 10.21% 13.11°% 13.33°% 13.57°% 10.22°% 378°% Supplemental Death 0.00°% 0.13°% 0.29°% 0.12°% 0.12°% 0.25°% 0.00°% Total Rate 10.72% 10.34°% 13.40°% 13.45°% 13.69% 10.47% 3.48°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 10.48 % 10.06% N/A N/A N/A N/A 3.37% Statutory Maximum Rate (Total Retirement Only) 11.50% 13.50% N/A 13.50% 13.50% 11.50% 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.4 years 27.0 years 22.8 years 28.0 years 28.1 years 24.2 years 25.0 years Number of annuitants 27 161 17 63 16 59 3 Number of active contributing members 58 555 21 88 128 116 14 Number of inactive members 31 405 7 70 35 70 8 Average age of contributing members 44.9 years 41.5 years 46.4 years 38.8 years 39.4 years 41.6 years 44.4 years Average length of service of contributing members 6.6 years 9.8 years 12.0 years 7.7 years 8.3 years 6.7 years 5.3 years Page 18 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 19 of 63 Frankston Fredericksburg Freeport Freer Friendswood Friona Frisco SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $264,234 $21,412,894 $9,351,102 $599,804 $36,861,472 $2,160,565 $153,592,795 b. Noncontributing Members 8,711 2,471,966 4,149,535 153,706 7,522,329 689,320 15,663,385 c. Annuitants 162,559 13,760,478 9,989,971 300,102 21,399,119 1,893,589 19,443,170 2. Total Actuarial Accrued Liability $435,504 $37,645,338 $23,490,608 $1,053,612 $65,782,920 $4,743,474 $188,699,350 3. Actuarial value of assets 390,844 33,786,651 18,465,859 722,523 55,511,314 4,150,754 153,588,772 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $44,660 $3,858,687 $5,024,749 $331,089 $10,271,606 $592,720 $35,110,578 5. Funded Ratio: (3) / (2) 89.7% 89.7% 78.6% 68.6% 84.4% 87.5% 81.4% 6. Annual Payroll $487,424 $9,261,146 $5,465,701 $753,526 $13,070,688 $928,379 $69,314,876 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.79% 6.02% 9.11% 3.71% 10.69% 6.36% 11.26% Prior Service 0.56% 3.50% 5.25% 2.78% 4.78% 6.00% 2.90% Total Retirement 2.35% 9.52% 14.36°% 6.49% 15.47% 12.36°% 14.16% Supplemental Death 0.28% 0.23% 015°% 0.28% 0.20% 017°% 013% Total Rate 2.63% 9.75% 14.51°% 6.77°% 15.67% 12.53°% 14.29% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 14.39% N/A N/A 12.04% N/A Statutory Maximum Rate (Total Retirement Only) N/A 11.50% 13.50% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.2 years 15.8 years 28.2 years 23.8 years 25.4 years 14.4 years 28.1 years Number of annuitants 4 84 67 6 101 14 124 Number of active contributing members 14 158 115 22 199 25 1,009 Number of inactive members 5 52 116 14 104 27 360 Average age of contributing members 45.3 years 45.3 years 39.8 years 50.7 years 43.6 years 44.0 years 411 years Average length of service of contributing members 6.8 years 13.8 years 6.4 years 7.3 years 12.0 years 9.4 years 9.6 years Page 19 of 63 Fritch Frost Fulshear Fulton Gainesville Galena Park Ganado SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $423,277 $38,198 $547,786 $208,320 $18,349,654 $6,333,497 $839,900 b. Noncontributing Members 350,199 40,821 39,543 97,389 2,655,677 1,232,350 1,227,318 c. Annuitants 463,579 188,666 61,417 108,184 19,069,255 9,178,187 745,273 2. Total Actuarial Accrued Liability $1,237,055 $267,685 $648,746 $413,893 $40,074,586 $16,744,034 $2,812,491 3. Actuarial value of assets 1,797,538 239,348 457,905 227,530 33,162,267 14,355,763 2,718,517 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($560,483) $28,337 $190,841 $186,363 $6,912,319 $2,388,271 $93,974 5. Funded Ratio: (3) / (2) 145.3% 89.4% 70.6% 55.0% 82.8% 85.7% 96.7% 6. Annual Payroll $787,536 $147,656 $1,682,168 $257,769 $10,864,169 $2,978,715 $468,261 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 7.76°% 175°% 4.73°% 7.45°% 4.69°% 9.55% 1102°% Prior Service - 4.37% 1.32°% 0.73°% 11.35°% 4.90°% 5.12°% 1.51°% Total Retirement 3.39°% 4.07% 5.46°% 18.80°% 9.59°% 14.67°% 13.53% Supplemental Death 0.24°% 0.00°% 0.10°% 0.35°% 0.20°% 0.26°% 0.36°% Total Rate 3.63% 4.07% 5.56°% 19.15°% 9.79°% 14.93% 13.89°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 330% 3.69% 5.53% M41% N/A 14.66% 13.10% Statutory Maximum Rate (Total Retirement Only) 13.50% 7.50% N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 21.0 years 23.2 years 7.4 years 19.0 years 28.0 years 19.5 years Number of annuitants 9 2 1 1 129 56 9 Number of active contributing members 19 4 35 7 214 64 10 Number of inactive members 36 2 11 3 89 49 6 Average age of contributing members 40.1 years 61.0 years 40.8 years 53.1 years 42.9 years 42.2 years 50.9 years Average length of service of contributing members 4.1 years 4.1 years 4.8 years 9.7 years 10.0 years 8.8 years 11.2 years Page 19 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 20 of 63 Garden Ridge Garland Garrison Gary Galesville George West Georgetown SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,423,924 $453,554,381 $439,424 $176,363 $8,286,015 $1,044,206 $77,459,716 b. Noncontributing Members 373,104 46,149,953 468,031 2,860 1,090,300 96,841 10,475,861 c. Annuitants 532,450 369,360,392 789,118 223,107 7,399,398 409,266 29,684,490 2. Total Actuarial Accrued Liability $2,329,478 $869,064,726 $1,696,573 $402,330 $16,775,713 $1,550,313 $117,620,067 3. Actuarial value ofassets 1,871,181 830,315,716 1,555,741 301,483 13,427,192 1,099,030 96,712,480 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $458,297 $38,749,010 $140,832 $100,847 $3,348,521 $451,283 $20,907,587 5. Funded Ratio: (3) / (2) 803°/ 95.5% 91.7% 74.9% 80.0% 70.9% 82.2% 6. Annual Payroll $1,424,113 $140,061,625 $241,137 $206,989 $3,605,247 $1,611,220 $37,501,643 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.34% 8.54% 8.80% 3.76% 9.57% 4.05% 9.06% Prior Service 1.87% 2.37% 4.75% 3.18% 5.81% 1.62% 3.37% Total Retirement 8.21% 10.91% 13.55% 6.94% 15.38% 5.67% 12.43% Supplemental Death 0.16% 0.20% 0.14% 0.00% 0.21% 0.17% M3% Total Rate 8.37% 11.11% 13.69% 6.94% 15.59% 5.84% 12.56% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 8.18% 11.00% N/A N/A N/A 5.71% 1110% Statutory Maximum Rate (Total Retirement Only) 11.50% N/A N/A 7.50% N/A N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 27.4 years 15.4 years 18.3 years 26.8 years 24.3 years 27.6 years 25.6 years Number of annuitants 13 1,262 4 2 43 5 151 Number of active contributing members 27 1,974 5 4 75 40 581 Number of inactive members 21 525 5 2 26 28 195 Average age of contributing members 44.5 years 44.8 years 42.2 years 47.8 years 43.4 years 42.0 years 41.6 years Average length of service of contributing members 11.6 years 13.6 years 8.2 years 7.5 years 11.4 years 6.6 years 9.3 years Page 20 of 63 Giddings Gilmer Gladewater Glen Rose Glenn Heights Godley Goldsmith SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $7,036,727 $3,752,809 $2,527,227 $965,397 $4,003,513 $138,557 $140,684 b. Noncontributing Members 911,058 562,447 1,210,087 549,459 1,840,930 97,838 142,173 c. Annuitants 5,703,023 4,157,078 2,421,193 1,775,926 1,800,074 126,012 0 2. Total Actuarial Accrued Liability $13,650,808 $8,472,334 $6,158,507 $3,290,782 $7,644,517 $362,407 $282,857 3. Actuarial value of assets 10,151,108 6,893,157 6,114,037 2,793,540 7,639,517 307,259 267,031 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $3,499,700 $1,579,177 $44,470 $497,242 $5,000 $55,148 $15,826 5. Funded Ratio: (3) / (2) 74.4% 81.4% 99.3% 84.9% 99.9% 84.8% 94.4% 6. Annual Payroll $2,810,184 $2,041,653 $2,815,330 $953,307 $3,309,388 $423,344 $147,695 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.81% 8.73% 3.44% 11.51% 3.57% 1.90% 1.86% Prior Service 9.45% 4.86% 0.10% 2.98% 0.01% 0.84% 1.68% Total Retirement 19.26% 13.59% 3.54% 14.49% 3.58% 2.74% 3.54% Supplemental Death 0.25% 0.25% 0.20% 0.25% 0.16% 0.18% 0.41% Total Rate 19.51% 13.84% 3.74% 14.74% 3.74% 2.92% 3.95% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1921% 13.83% N/A N/A N/A N/A 3.64% Statutory Maximum Rate (Total Retirement Only) N/A N/A 7.50% N/A 12.50% 8.50% 7.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 18.2 years 24.1 years 23.8 years 28.2 years 22.2 years 23.1 years 7.4 years Number of annuitants 32 31 34 12 39 4 0 Number of active contributing members 65 47 62 23 71 11 3 Number of inactive members 36 28 67 15 73 13 2 Average age of contributing members 46.9 years 41.6 years 43.7 years 45.2 years 42.9 years 39.2 years 55.9 years Average length of service of contributing members 10.4 years 10.3 years 8.8 years 7.4 years 8.4 years 6.4 years 14.1 years Page 20 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 21 of 63 Goldthwaite Goliad Gonzales Graford Graham Granbory Grand Prairie SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $2,833,376 $368,329 $6,241,602 $69,931 $5,777,339 $18,765,750 $252,234,026 b. Noncontributing Members 197,255 257,057 1,880,606 0 1,083,946 2,533,152 30,494,869 c. Annuitants 2,381,823 1,007,612 8,147,626 0 8,778,083 14,896,767 213,998,120 2. Total Actuarial Accrued Liability $5,412,454 $1,632,998 $16,269,834 $69,931 $15,639,368 $36,195,669 $496,727,015 3. Actuarial value of assets 4,218,673 1,851,841 13,096,269 63,733 13,281,161 28,823,568 426,404,111 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $1,193,781 ($218,843) $3,173,565 $6,198 $2,358,207 $7,372,101 $70,322,904 5. Funded Ratio: (3) / (2) 77.9% 113.4% 80.5% 91.1% 84.9% 79.6% 85.8% 6. Annual Payroll $610,902 $419,414 $4,825,752 $114,668 $3,556,580 $8,229,377 $82,113,479 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.41% 5.40% 6.30% 2.15% 7.13% 10.08% 10.12% Prior Service 14.91% -3.40% 4.03% 0.77% 4.54% 5.79% 6.04% Total Retirement 25.32% 2.00% 10.33°% 2.92% 11.67% 15.87°% 16.16% Supplemental Death 0.28% 0.29% 0.18°% 0.20% 0.32% 0.22% M7% Total Rate 25.60°% 2.29% 10.51°% 3.12°% 11.99% 16.09°% 16.33% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 1.85% N/A N/A N/A 16.02% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 18.1 years 25.0 years 25.1 years 8.2 years 24.0 years 23.1 years 20.2 years Number of annuitants 7 8 50 0 65 80 668 Number of active contributing members 11 12 110 3 84 161 1,231 Number of inactive members 5 23 85 0 35 68 420 Average age of contributing members 49.9 years 50.0 years 39.2 years 47.0 years 46.4 years 45.8 years 41.7 years Average length of service of contributing members 15.3 years 8.0 years 7.5 years 5.6 years 8.4 years 9.9 years 11.6 years Page 21 of 63 Grand Saline Grandview Granger Granite Shoals Grapeland Grapevine Greenville SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,403,593 $575,322 $125,429 $990,109 $220,544 $122,814,527 $47,598,058 b. Noncontributing Members 501,458 218,840 92,069 152,151 74,447 17,835,836 9,748,046 c. Annuitants 799,205 540,033 166,776 101,185 378,637 103,493,423 48,386,902 2. Total Actuarial Accrued Liability $2,704,256 $1,334,195 $384,274 $1,243,445 $673,628 $244,143,786 $105,733,006 3. Actuarial value of assets 2,646,019 1,354,945 456,635 1,106,048 612,970 198,081,335 97,454,016 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $58,237 ($20,750) ($72,361) $137,397 $60,658 $46,062,451 $8,278,990 5. Funded Ratio: (3) / (2) 97.8% 101.6% 118.8% 89.0% 91.0% 81.1% 92.2% 6. Annual Payroll $851,030 $741,232 $328,586 $1,675,779 $416,047 $40,516,634 $17,931,076 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 4.95°% 6.11°% 2.32°% 4.53°% 3.60°% 11.49°% 7.59°% Prior Service 0.49°% - 0.17°% - 1.49°% 0.49% 0.85°% 7.57°% 3.95°% Total Retirement 5.44°% 5.94% 0.83°% 5.02% 4.45°% 19.06°% 11.54% Supplemental Death 0.37°% 0.00°% 0.00°% 0.21°% 0.00°% 0.00°% 0.23°% Total Rate 5.81% 5.94% 0.83°% 5.23°% 4.45°% 19.06% 11.77°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 5.58% N/A 5.16% N/A N/A 11.18% Statutory Maximum Rate (Total Retirement Only) 9.50% 11.50% 7.50% N/A 7.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 22.6 years 25.0 years 25.0 years 26.1 years 27.2 years 22.0 years 15.4 years Number of annuitants 13 8 7 5 9 334 249 Number of active contributing members 23 12 8 33 11 562 313 Number of inactive members 20 15 11 23 11 213 148 Average age of contributing members 51.7 years 41.5 years 51.9 years 43.3 years 52.7 years 44.9 years 45.6 years Average length of service of contributing members 8.9 years 6.8 years 6.5 years 7.8 years 7.3 years 12.2 years 11.6 years Page 21 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 22 of 63 Gregory Grey Forest Groesbeck Groom Groves Groveton Gruver SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $103,141 $6,557,078 $934,502 $67,072 $17,766,429 $148,075 $277,241 b. Noncontributing Members 99,911 342,200 136,933 16,170 1,375,779 13,336 388,941 c. Annuitants 131,627 5,757,676 394,378 192,900 17,509,484 30,559 451,534 2. Total Actuarial Accrued Liability $334,679 $12,656,954 $1,465,813 $276,142 $36,651,692 $191,970 $1,117,716 3. Actuarial value of assets 440,324 10,196,460 1,237,292 283,543 34,959,625 189,535 1,082,869 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($105,645) $2,460,494 $228,521 ($7,401) $1,692,067 $2,435 $34,847 5. Funded Ratio: (3) / (2) 131.6% 80.6% 84.4% 1017% 95.4% 98.7% 96.9% 6. Annual Payroll $382,899 $2,485,140 $1,408,272 $166,857 $6,084,580 $242,178 $241,394 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.79% 9.66% 1.43% 3.28% 7.26% 1.97% 7.53% Prior Service -1.69% 6.69% 1.04% -0.27% 2.44% 0.08% 1.81% Total Retirement 4.10% 16.35% 2.47°% 3.01 % 9.70% 2.05% 9.34% Supplemental Death 0.18% 0.26% 0.22°% 0.00% 0.00% 0.19% 0.00 % Total Rate 4.28% 16.61% 2.69°% 3.01°% 9.70% 2.24°% 9.34% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 16.03% N/A 184% 9.40% N/A T36% Statutory Maximum Rate (Total Retirement Only) 9.50% N/A N/A 7.50°% N/A 7.50% 12,50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 21.5 years 23.4 years 25.0 years 14.9 years 17.0 years 10.0 years Number of annuitants 2 18 11 4 89 2 3 Number of active contributing members 10 36 35 4 97 11 5 Number of inactive members 14 12 11 3 29 1 9 Average age of contributing members 45.7 years 46.2 years 45.6 years 51.2 years 44.3 years 55.6 years 44.2 years Average length of service of contributing members 3.7 years 9.7 years 9.8 years 4.4 years 14.0 years 7.1 years 5.5 years Page 22 of 63 Gan Barrel City Gunter Hale Center Hallettsville Hallsville Haltom City Hamilton SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,939,633 $51,779 $143,483 $3,913,277 $268,004 $48,664,663 $2,128,760 b. Noncontributing Members 430,583 36,167 49,320 564,883 25,283 11,727,080 224,419 c. Annuitants 703,579 75,748 59,376 2,346,972 285,886 46,264,066 1,634,662 2. Total Actuarial Accrued Liability $3,073,795 $163,694 $252,179 $6,825,132 $579,173 $106,655,809 $3,987,841 3. Actuarial value of assets 2,831,736 232,074 252,781 5,885,986 399,514 85,182,923 3,124,559 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $242,059 ($68,380) ($602) $939,146 $179,659 $21,472,886 $863,282 5. Funded Ratio: (3) / (2) 92.1% 141.8% 100.2% 86.2% 69.0% 79.9% 78.4% 6. Annual Payroll $1,767,101 $334,255 $370,161 $1,411,212 $647,367 $16,503,242 $851,463 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.41°% 4.92°% 1.88% 7.07°% 1.51°% 10.56% 11.55°% Prior Service 0.81°% - 1.26°% - 0.01°% 5.71°% 1.60°% 8.20°% 7.16°% Total Retirement 6.22°% 3.66% 1.87°% 12.78°% 3.11°% 18.76°% 18.71% Supplemental Death 0.20°% 0.17°% 0.20°% 0.27°% 0.23°% 018°% 0.29°% Total Rate 6.42% 3.83% 2.07°% 13.05°% 3.34°% 18.94% 19.00°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 6.22% N/A N/A 1196% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 11.50°% N/A N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 26.6 years 25.0 years 25.0 years 15.4 years 27.8 years 24.0 years 20.2 years Number of annuitants 16 4 1 18 4 180 17 Number of active contributing members 44 4 10 36 16 267 23 Number of inactive members 24 8 8 14 14 143 11 Average age of contributing members 44.7 years 43.0 years 44.5 years 47.6 years 42.6 years 44.1 years 43.4 years Average length of service of contributing members 8.4 years 4.0 years 5.7 years 15.2 years 4.5 years 12.2 years 9.7 years Page 22 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 23 of 63 Hamlin Happy Harker Heights Harlingen Harlingen Waterworks Sys Hart Haskell SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $482,720 $134,597 $29,462,359 $35,605,642 $8,677,597 $75,484 $214,606 b. Noncontributing Members 326,984 110,732 5,045,370 7,957,323 1,784,249 32,068 179,645 c. Annuitants 2,026,973 343,559 7,853,802 44,305,842 11,478,917 38,194 772,959 2. Total Actuarial Accrued Liability $2,836,677 $588,888 $42,361,531 $87,868,807 $21,940,763 $145,746 $1,167,210 3. Actuarial value of assets 2,515,298 490,835 32,801,189 83,041,327 22,205,167 98,136 1,610,396 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $321,379 $98,053 $9,560,342 $4,827,480 ($264,404) $47,610 ($443,186) 5. Funded Ratio: (3) / (2) 88.7% 83.3% 77.4% 94.5°% 101.2% 67.3% 138.0% 6. Annual Payroll $504,796 $78,197 $11,161,527 $10,849,355 $5,952,217 $133,823 $544,995 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 7.53°% 8.37°% 9.98% 5.08°% 2.02% 1.04% 2.09°% Prior Service 4.07% 8.18% 4.91% 5.52% -0.27% 2.78% -2.09% Total Retirement 11.60°% 16.55% 14.89°% 10.60% 1.75% 3.82°% 0.00% Supplemental Death 0.31% 0.35% 0.15°% 0.31% 026% 0.00% 026% Total Rate 11.91°% 16.90% 15.04°% 10.91% 101% 3.82°% 0.26% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1 1.70 % 15.61% N/A N/A 1.49% 3.35% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 15.50% 9.50% N/A 9.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 279 years 23.7 years 28.0 years 11.4 years 25.0 years 19.5 years 25.0 years Number of annuitants 13 3 59 308 105 2 11 Number of active contributing members 14 2 204 219 142 4 17 Number of inactive members 13 2 129 76 46 1 12 Average age of contributing members 39.3 years 49.5 years 41.2 years 48.6 years 43.6 years 36.6 years 39.3 years Average length of service of contributing members 4.9 years 8.8 years 12.7 years 17.1 years 9.9 years 7.0 years 4.0 years Page 23 of 63 Haslet Hawkins Hays Hearne Heath Hedley Hedwig Village SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,395,593 $1,370,734 $25,218 $4,194,398 $5,115,910 $2,029 $2,349,940 b. Noncontributing Members 281,497 55,075 0 985,257 1,984,162 123,703 760,875 c. Annuitants 248,087 510,549 104,901 2,786,758 1,777,042 21,746 1,771,429 2. Total Actuarial Accred Liability $1,925,177 $1,936,358 $130,119 $7,966,413 $8,877,114 $147,478 $4,882,244 3. Actuarial value of assets 1,943,045 1,692,484 146,932 5,593,322 7,814,333 154,228 4,317,601 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($17,868) $243,874 ($16,813) $2,373,091 $1,062,781 ($6,750) $564,643 5. Funded Ratio: (3) / (2) 100.9% 87.4% 112.9% 70.2% 88.0% 104.6% 88.4% 6. Annual Payroll $1,027,161 $423,460 $19,075 $2,142,523 $3,288,192 $45,564 $1,838,354 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.91% 8.72°% 12.69°% 9.02°% 9.57°% 4.75°% 4.67°% Prior Service - 0.11% 6.25% - 5.96°% 6.78% 1.89% - 1.00°% 2.51°% Total Retirement 8.80°% 14.97% 6.73°% 15.80°% 11.46°% 3.75°% 7.18°% Supplemental Death 0.16°% 0.27°% 0.79°% 0.23°% 0.17°% 0.39°% 0.19°% Total Rate 8.96% 15.24°% 7.52°% 16.03°% 11.63% 4.14% 7.37°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 8.83% 14.10% 7.12% 15.80% 11.40% 3.89% 6.83% Statutory Maximum Rate (Total Retirement Only) 15.50% 13.50% N/A N/A 13.50% 11.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 11.8 years 25.0 years 25.1 years 27.1 years 25.0 years 16.9 years Number of annuitants 4 t0 2 25 13 1 11 Number of active contributing members 23 11 1 54 45 2 29 Number of inactive members 17 3 0 36 30 7 17 Average age of contributing members 43.7 years 50.1 years 66.1 years 44.1 years 43.6 years 47.0 years 45.6 years Average length of service of contributing members 9.2 years 14.7 years 6.3 years 8.3 years 11.8 years 0.4 years 11.1 years Page 23 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 24 of 63 Helotes Hemphill Hempstead Henderson Henrietta Hereford Hewitt SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $3,862,063 $2,396,461 $5,199,595 $12,511,701 $895,183 $10,075,264 $9,913,919 b. Noncontributing Members 752,320 192,963 256,334 2,378,639 447,699 1,650,730 1,629,100 c. Annuitants 554,554 253,524 4,046,313 14,840,862 1,166,807 7,523,284 4,901,363 2. Total Actuarial Accrued Liability $5,168,937 $2,842,948 $9,502,242 $29,731,202 $2,509,689 $19,249,278 $16,444,382 3. Actuarial value of assets 4,527,681 2,391,278 8,635,352 23,187,522 1,959,996 16,185,576 12,789,045 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $641,256 $451,670 $866,890 $6,543,680 $549,693 $3,063,702 $3,655,337 5. Funded Ratio: (3) / (2) 87.6% 84.1% 90.9% 78.0% 78.1% 84.1% 77.8% 6. Annual Payroll $3,157,996 $1,116,154 $2,967,258 $5,887,895 $666,181 $4,692,574 $4,088,481 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.35% 5.16% 6.26% 8.62% 10.22% 6.58% 10.58% Prior Service 1.50% 2.69% 1.67% 7.17% 4.74% 4.26% 5.12% Total Retirement 6.85% 7.85% 7.93°% 15.79% 14.96% 10.84% 15.70% Supplemental Death 0.12% 0.35% 0.23% 0.15% 0.24% 0.20% M3% Total Rate 6.97% 8.20% 8.16°% 15.94% 1510% 11.04°% 15.83% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 6.71% 7.79% N/A N/A 14.88% N/A N/A Statutory Maximum Rate (Total Retirement Only) 12.50% 11.50% N/A N/A N/A 11.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 18.9 years 22.1 years 28.2 years 23.1 years 27.9 years 22.7 years 28.1 years Number of annuitants 10 5 20 68 11 41 25 Number of active contributing members 62 26 67 117 17 97 87 Number of inactive members 22 7 26 59 13 32 52 Average age of contributing members 39.6 years 50.0 years 46.9 years 38.1 years 47.4 years 40.4 years 39.4 years Average length of service of contributing members 11.4 years 11.3 years 9.2 years 8.6 years 7.1 years 10.0 years 9.7 years Page 24 of 63 Hickory Creek Hieo Hidalgo Higgins Highland Park Highland Village Hill Country Village SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,500,598 $270,993 $9,388,294 $247,413 $28,540,570 $21,539,776 $839,104 b. Noncontributing Members 492,592 363,457 3,520,323 0 6,354,821 5,703,721 383,958 c. Annuitants 440,102 285,585 2,784,901 69,319 34,199,639 6,447,165 338,151 2. Total Actuarial Accrued Liability $2,433,292 $920,035 $15,693,518 $316,732 $69,095,030 $33,690,662 $1,561,213 3. Actuarial value of assets 2,153,270 975,969 13,484,028 323,313 70,714,974 28,771,296 1,622,082 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $280,022 ($55,934) $2,209,490 ($6,581) ($1,619,944) $4,919,366 ($60,869) 5. Funded Ratio: (3) / (2) 88.5% 106.1% 85.9% 102.1% 102.3°% 85.4% 103.9% 6. Annual Payroll $1,072,487 $383,849 $5,354,515 $109,866 $11,587,901 $9,502,034 $746,566 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.93°% 6.24°% 9.58% 4.23°% 616°% 10.68% 4.46°% Prior Service 1.60°% - 0.96°% 2.99°% - 0.37°% - 0.86°% 2.96°% - 0.51°% Total Retirement 11.53°% 5.28% 12.57°% 3.86% 5.40°% 13.64°% 3.95°% Supplemental Death 0.08°% 0.30°% 0.00°% 0.39°% 0.00°% 0.15°% 0.12°% Total Rate 11.61% 5.58% 12.57°% 4.25°% 5.40°% 13.79% 4.07°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1139% 5.35% N/A N/A 4.20% N/A 3.76% Statutory Maximum Rate (Total Retirement Only) 13.50% 11.50% 13.50% N/A N/A 13.50% 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 27.9 years 25.0 years 19.4 years 25.0 years 25,0 years 28.2 years 25.0 years Number of annuitants 10 5 26 1 102 54 4 Number of active contributing members 21 11 139 3 117 148 13 Number of inactive members 16 10 96 0 34 100 16 Average age of contributing members 36.7 years 45.8 years 42.9 years 60.4 years 45.4 years 43.0 years 461 years Average length of service of contributing members 6.3 years 4.2 years 7.5 years 16.5 years 15.2 years 10.9 years 13.5 years Page 24 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 25 of 63 Hillsboro Hilshire Village Hitchcock Holland Holliday Hollywood Park Hondo SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $9,759,478 $61,185 $1,689,370 $311,040 $419,315 $2,707,270 $4,935,786 b. Noncontributing Members 2,210,859 0 577,057 61,725 92,247 626,325 2,136,325 c. Annuitants 5,279,978 0 1,154,368 155,379 0 1,663,030 6,813,965 2. Total Actuarial Accrued Liability $17,250,315 $61,185 $3,420,795 $528,144 $511,562 $4,996,625 $13,886,076 3. Actuarial value of assets 14,196,070 17,302 3,470,473 456,566 524,285 4,303,200 12,379,435 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $3,054,245 $43,883 ($49,678) $71,578 ($12,723) $693,425 $1,506,641 5. Funded Ratio: (3) / (2) 823°/ 283% 101.5% 86A 102.5% 86.1% 89.1% 6. Annual Payroll $4,529,901 $78,961 $1,834,828 $225,986 $397,200 $1,692,830 $4,073,866 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.21% 3.04% 3.99% 6.14% 2.82% 6.78% 6.66% Prior Service 5.13% 10.34% 0.27% 2.31% -0.20% 2.35% 2.12% Total Retirement 11.34% 13.38% 4.26°% 8.45% 2.62% 9.13% 8.78% Supplemental Death 0.00% 0.28% 0.21% 0.43% 0.00% 0.15% 021% Total Rate 11.34°% 13.66% 4.47°% 8.88% 162% 9.28°% 8.99% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 13.59% N/A 8.57% 2.43% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 11.50% 10.50% 9.50% 10.50% 11,50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 18.1 years 6.1 years 0.0 years 19.7 years 25.0 years 28.0 years 28.0 years Number of annuitants 55 0 12 3 0 16 49 Number of active contributing members 101 2 49 7 10 32 105 Number of inactive members 70 0 49 2 6 19 62 Average age of contributing members 44.1 years 64.6 years 45.4 years 51.9 years 44.7 years 43.0 years 45.4 years Average length of service of contributing members 10.6 years 7.4 years 9.4 years 7.2 years 8.8 years 10.3 years 7.4 years Page 25 of 63 Honey Grove Hooks Howe Hubbard Hudson Hudson Oaks Hughes Springs SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $873,068 $864,092 $925,217 $289,604 $537,285 $2,303,464 $3,463,898 b. Noncontributing Members 278,885 237,560 531,251 47,053 29,725 569,585 49,494 c. Annuitants 152,711 205,303 425,914 9,139 75,309 503,211 403,550 2. Total Actuarial Accrued Liability $1,304,664 $1,306,955 $1,882,382 $345,796 $642,319 $3,376,260 $3,916,942 3. Actuarial value of assets 1,251,496 903,231 1,868,458 374,008 607,622 2,575,190 3,785,130 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $53,168 $403,724 $13,924 ($28,212) $34,697 $801,070 $131,812 5. Funded Ratio: (3) / (2) 95.9% 69.1% 99.3% 108.2% 94.6% 76.3% 96.6% 6. Annual Payroll $412,362 $523,554 $606,414 $419,378 $657,781 $1,288,119 $610,744 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.72°% 7.77°% 5.43% 1.24°% 415°% 9.71% 1023°% Prior Service 1.01°% 6.25°% 0.18°% -0.43% 0.37°% 3.59°% 6.29°% Total Retirement 7.73°% 14.02% 5.61°% 0.81% 4.62°% 13.30°% 16.52% Supplemental Death 0.35°% 0.21°% 0.27°% 0.18°% 0.20°% 0.09°% 0.26°% Total Rate 8.08% 14.23°% 5.88°% 0.99% 4.82°% 13.39% 16.78°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 13.03% 5.30% N/A 4.45% N/A 16.16% Statutory Maximum Rate (Total Retirement Only) 9.50% 13.50% 11.50°% N/A N/A 13.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 17.4 years 16.6 years 19.4 years 25.0 years 20.4 years 27.7 years 3.8 years Number of annuitants 3 3 8 2 2 9 4 Number of active contributing members 8 14 14 13 15 23 13 Number of inactive members 18 6 18 8 4 16 3 Average age of contributing members 55.5 years 44.2 years 42.6 years 40.1 years 47.0 years 38.0 years 53.3 years Average length of service of contributing members 14.1 years 10.8 years 10.0 years 7.3 years 8.3 years 8.6 years 17.5 years Page 25 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 26 of 63 Humble Hunters Creek Village Huntington Huntsville Hurst Hutchins Hutto SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $37,421,153 $394,325 $1,068,870 $35,107,995 $70,626,520 $3,685,286 $7,155,538 b. Noncontributing Members 3,659,382 93,332 187,164 7,121,448 9,622,297 1,357,059 2,397,777 c. Annuitants 23,093,464 691,513 1,834,430 38,673,790 64,565,180 1,004,617 1,572,785 2. Total Actuarial Accrued Liability $64,173,999 $1,179,170 $3,090,464 $80,903,233 $144,813,997 $6,046,962 $11,126,100 3. Actuarial value of assets 56,329,999 774,574 2,567,835 61,305,145 136,607,507 5,741,060 9,486,961 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $7,844,000 $404,596 $522,629 $19,598,088 $8,206,490 $305,902 $1,639,139 5. Funded Ratio: (3) / (2) 87.8°% 65.7% 83.1% 75.8% 94.3% 94.9% 85.3% 6. Annual Payroll $12,887,904 $379,869 $683,656 $12,809,513 $25,757,839 $2,495,028 $5,538,610 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.48% 9.82% 10.12% 8.04% 8.07% 7.46% 11.48% Prior Service 4.15% 6.80% 4.48% 10.55% 2.38% 0.69% 1.70% Total Retirement 13.63% 16.62% 14.60°% 18.59% 10.45% 8.15% 13.18% Supplemental Death 0.17% 0.35% 0.13% 0.17% 0.00% 0.12% O.12% Total Rate 13.80°% 16.97% 14.73°% 18.76% 10.45% 8.27°% 13.30% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 14.59% 14.72% 1 T87 % 10.13% N/A 1154% Statutory Maximum Rate (Total Retirement Only) N/A 13.50% N/A N/A N/A 11.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.2 years 23.5 years 28.0 years 21.4 years 18.6 years 28.9 years 27.9 years Number of annuitants 88 8 10 174 239 19 16 Number of active contributing members 187 9 17 253 383 58 93 Number of inactive members 52 1 13 137 153 61 48 Average age of contributing members 43.1 years 45.6 years 39.6 years 42.5 years 42.9 years 40.7 years 41.0 years Average length of service of contributing members 13.0 years 8.3 years 8.2 years 11.2 years 12.4 years 7.7 years 8.5 years Page 26 of 63 Huxley Idalou Ingleside Ingram Iowa Colony Iowa Park Iraan SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $185,259 $319,562 $5,564,186 $408,018 $409,513 $4,482,119 $520,913 b. Noncontributing Members 241,634 109,284 762,576 134,982 3,455 553,548 68,093 c. Annuitants 308,697 0 3,116,219 206,848 0 2,813,161 751,912 2. Total Actuarial Accrued Liability $735,590 $428,846 $9,442,981 $749,848 $412,968 $7,848,828 $1,340,918 3. Actuarial value of assets 845,541 363,297 8,032,127 673,886 83,232 6,358,676 1,017,949 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($109,951) $65,549 $1,410,854 $75,962 $329,736 $1,490,152 $322,969 5. Funded Ratio: (3) / (2) 114.9% 84.7% 85.1% 89.9% 20.2% 81.0% 75.9% 6. Annual Payroll $329,592 $577,087 $3,103,471 $515,503 $209,436 $1,790,360 $246,533 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 2.98°% 3.95°% 7.99°% 5.00°% 5.43°% 6.99% 649°% Prior Service - 1.82% 0.72°% 2.60°% 0.98°% 22.79°% 7.73°% 9.82°% Total Retirement 1.16°% 4.67% 10.59°% 5.98% 28.22°% 14.72°% 16.31% Supplemental Death 0.22°% 0.08°% 0.32°% 0.00°% 0.22% 0.22°% 0.39°% Total Rate 1.38% 4.75% 10.91°% 5.98% 28.44% 14.94% 16.70°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1.32% 4.64% N/A 5.89% N/A 14.48% 15.51% Statutory Maximum Rate (Total Retirement Only) 9.50% N/A 11.50% 9.50°% N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 23.8 years 28.1 years 22.1 years 8.1 years 13.9 years 18.5 years Number of annuitants 5 0 34 8 0 21 5 Number of active contributing members 10 14 79 14 5 47 6 Number of inactive members 6 14 66 8 2 33 5 Average age of contributing members 41.8 years 40.0 years 47.3 years 50.2 years 51.7 years 44.8 years 45.5 years Average length of service of contributing members 9.0 years 5.2 years 10.6 years 8.7 years 8.2 years 9.8 years 8.9 years Page 26 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 27 of 63 Irving Italy Itasca Jacinto City Jaeksboro Jacksonville Jasper SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $338,476,159 $140,256 $763,443 $4,730,694 $2,010,301 $13,466,385 $11,357,095 b. Noncontributing Members 47,599,311 92,260 112,276 1,027,951 719,956 1,779,142 1,044,142 c. Annuitants 288,062,916 302,523 825,919 2,666,867 3,342,919 11,606,380 11,399,839 2. Total Actuarial Accrued Liability $674,138,386 $535,039 $1,701,638 $8,425,512 $6,073,176 $26,851,907 $23,801,076 3. Actuarial value ofassets 607,649,084 386,131 1,728,255 7,173,871 4,968,022 23,548,116 21,421,337 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $66,489,302 $148,908 ($26,617) $1,251,641 $1,105,154 $3,303,791 $2,379,739 5. Funded Ratio: (3) / (2) 90.1 % 72.2% 101.6% 85.1% 81.8% 87.7% 90.0% 6. Annual Payroll $98,741,200 $614,897 $689,373 $2,516,934 $1,706,005 $5,803,659 $5,265,750 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.48% 1.25% 11.82% 4.57% 10.20% 7.69% 5.45% Prior Service 4.95% 1.43% -0.24% 4.27% 3.71% 3.54% 4.14% Total Retirement 14.43% 2.68% 11.58°% 8.84% 13.91% 11.23% 9.59% Supplemental Death 0.18% 0.08% 0.22°% 0.23% 0.21% 0.22°% 023% Total Rate 14.61°% 2.76% 11.80°% 9.07°% 14.12% 11.45°% 9.82% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 14.01% N/A 11.24% N/A N/A N/A 9.67% Statutory Maximum Rate (Total Retirement Only) N/A N/A 13.50% 9.50% 13.50% N/A 15.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 19.7 years 26.7 years 25.0 years 15.4 years 28.1 years 25.3 years 14.1 years Number of annuitants 888 9 5 25 19 88 73 Number of active contributing members 1,433 16 17 58 41 129 113 Number of inactive members 423 16 28 34 38 68 54 Average age of contributing members 44.1 years 38.8 years 45.6 years 44.1 years 42.5 years 42.0 years 44.9 years Average length of service of contributing members 13.6 years 3.7 years 5.2 years 8.8 years 6.0 years 10.3 years 10.8 years Page 27 of 63 Jefferson Jersey Village Jewett Joaquin Johnson City Jones Creek Jonestown SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $825,600 $8,072,340 $573,256 $84,582 $796,452 $263,135 $764,245 b. Noncontributing Members 163,889 3,505,831 68,756 10,334 340,916 0 198,980 c. Annuitants 677,096 9,358,711 421,236 194,610 596,931 163,289 246,382 2. Total Actuarial Accred Liability $1,666,585 $20,936,882 $1,063,248 $289,526 $1,734,299 $426,424 $1,209,607 3. Actuarial value of assets 1,531,978 16,936,318 905,378 213,400 1,367,374 357,923 1,049,697 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $134,607 $4,000,564 $157,870 $76,126 $366,925 $68,501 $159,910 5. Funded Ratio: (3) / (2) 91.9% 80.9% 85.2% 73.7% 78.8% 83.9% 86.8% 6. Annual Payroll $646,981 $5,015,688 $299,645 $225,034 $682,813 $260,028 $1,208,627 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 2.23°% 10.78°% 5.14°% 2.39°% 631°% 4.20% 4.73°% Prior Service 1.58°% 4.57% 3.48°% 2.43% 3.53°% 2.43°% 0.77°% Total Retirement 3.81°% 15.35% 8.62°% 4.82% 9.84°% 6.63°% 5.50°% Supplemental Death 0.32°% 0.16°% 0.22°% 0.38°% 0.15°% 0.39°% 0.24°% Total Rate 4.13% 15.51°% 8.84°% 5.20% 9.99°% 7.02% 5.74°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A 4M% N/A 6.73% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 9.50% N/A 10.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.4 years 28.1 years 22.3 years 19.7 years 23.5 years 14.0 years 27.3 years Number of annuitants 8 43 2 5 5 3 5 Number of active contributing members 18 94 6 5 15 6 27 Number of inactive members 21 59 4 2 9 0 11 Average age of contributing members 46.7 years 44.2 years 49.2 years 53.9 years 46.2 years 55.6 years 45.8 years Average length of service of contributing members 10.5 years 9.3 years 12.3 years 7.6 years 8.3 years 12.4 years 5.8 years Page 27 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 28 of 63 Josephine Joshua Jourdanton Junction Justin Karnes City Katy SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $258,648 $1,659,808 $1,450,261 $1,270,555 $812,857 $1,039,727 $24,058,085 b. Noncontributing Members 0 625,190 320,343 242,255 324,781 362,578 2,491,916 c. Annuitants 0 405,629 762,374 2,160,416 353,899 899,887 13,917,162 2. Total Actuarial Accrued Liability $258,648 $2,690,627 $2,532,978 $3,673,226 $1,491,537 $2,302,192 $40,467,163 3. Actuarial value ofassets 228,468 2,644,102 2,233,001 3,111,917 1,371,544 1,939,734 35,031,198 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $30,180 $46,525 $299,977 $561,309 $119,993 $362,458 $5,435,965 5. Funded Ratio: (3) / (2) 883°% 98.3% 88.2% 84.7°% 92.0% 84.3% 86.6% 6. Annual Payroll $231,154 $1,702,931 $1,323,554 $649,575 $1,357,754 $1,315,267 $10,490,721 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.97°% 5.87°% 5.05°% 9.57°% 2.34% 3.60% 11.38°% Prior Service 1.38% 0.17% 1.29% 4.96% 0.53% 1.57% 3.16% Total Retirement 7.35°% 6.04% 6.34°% 14.53% 2.87% 5.17°% 14.54% Supplemental Death 0.08% 0.11% 0.28°% 0.26% 0.00% 0.19% M7% Total Rate 7.43% 6.15% 6.62°% 14.79% 187% 5.36°% 14.71% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 7.05% 5.67% N/A N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 13.50% 9.50% N/A 7.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 11.8 years 24.5 years 28.4 years 28.0 years 26.0 years 28.3 years 25.3 years Number of annuitants 0 5 11 15 6 9 55 Number of active contributing members 6 35 33 20 26 30 175 Number of inactive members 0 27 24 17 21 12 45 Average age of contributing members 43.3 years 43.0 years 48.8 years 47.0 years 41.8 years 42.7 years 42.3 years Average length of service of contributing members 9.5 years 8.7 years 8.4 years 8.7 years 8.9 years 7.2 years 9.7 years Page 28 of 63 Kaufman Keene Keller Kemah Kemp Kenedy Kennedale SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,375,039 $7,503,799 $48,031,564 $2,567,665 $103,963 $1,406,511 $5,754,528 b. Noncontributing Members 997,003 972,078 12,738,137 736,736 273,382 591,384 3,850,969 c. Annuitants 4,117,523 1,629,800 25,067,898 765,086 232,084 359,606 3,732,876 2. Total Actuarial Accrued Liability $11,489,565 $10,105,677 $85,837,599 $4,069,487 $609,429 $2,357,501 $13,338,373 3. Actuarial value of assets 10,450,216 7,590,026 70,023,155 3,898,269 729,504 1,952,876 11,198,731 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $1,039,349 $2,515,651 $15,814,444 $171,218 ($120,075) $404,625 $2,139,642 5. Funded Ratio: (3) / (2) 91.0% 75.1% 81.6% 95.8% 119.7°% 82.8% 84.0% 6. Annual Payroll $2,998,456 $2,758,753 $18,650,246 $1,945,293 $329,464 $1,797,323 $3,692,667 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.31°% 8.84°% 10.23°% 6.05°% 6.44% 3.62°% 10.78°% Prior Service 1.97°% 5.98% 5.29°% 0.57% - 2.47°% 1.27°% 3.52°% Total Retirement 11.28°% 14.82% 15.52°% 6.62% 3.97°% 4.89°% 14.30% Supplemental Death 0.18°% 0.17°% 0.13°% 0.15°% 0.00°% 0.20% 0.17% Total Rate 11.46% 14.99°% 15.65°% 6.77°% 3.97°% 5.09% 14.47°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 10.83 % 14.93% 15.64% 6.13% 3.18% N/A 14.08% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 11.50% 7.50% 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.5 years 22.5 years 24.4 years 25.7 years 25.0 years 28.8 years 27.8 years Number of annuitants 37 14 118 8 8 8 31 Number of active contributing members 66 57 290 34 13 41 67 Number of inactive members 46 30 168 34 21 25 94 Average age of contributing members 42.8 years 41.6 years 41.7 years 44.0 years 46.0 years 44.4 years 41.7 years Average length of service of contributing members 11.0 years 10.2 years 11.9 years 13.0 years 2.5 years 8.4 years 12.5 years Page 28 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 29 of 63 Kerens Kermit Kerrville Kerrville PUB Kilgore Killeen Kingsville SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $283,650 $4,609,332 $34,336,048 $12,161,418 $16,431,281 $86,405,537 $24,334,904 b. Noncontributing Members 0 1,384,066 6,558,482 5,338,697 2,139,058 9,260,291 5,227,321 c. Annuitants 0 4,318,013 30,040,625 7,011,051 22,746,480 73,953,492 26,022,849 2. Total Actuarial Accrued Liability $283,650 $10,311,411 $70,935,155 $24,511,166 $41,316,819 $169,619,320 $55,585,074 3. Actuarial value of assets 9,083 7,945,242 65,345,920 22,023,082 34,693,771 145,857,797 51,066,192 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $274,567 $2,366,169 $5,589,235 $2,488,084 $6,623,048 $23,761,523 $4,518,882 5. Funded Ratio: (3) / (2) 3.2°% 7T1% 92.1% 89.8% 84.0% 86.0% 91.9% 6. Annual Payroll $391,013 $2,210,887 $15,635,624 $4,365,039 $7,529,530 $49,470,057 $11,706,271 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.98°% 8.99°% 7.62°% 9.12% 9.91% 5.71% 6.62°% Prior Service 5.85% 6.13% 2.02% 3.44% 5.15% 3.91% 2.57% Total Retirement 7.83°% 15.12% 9.64°% 12.56% 15.06% 9.62°% 9.19% Supplemental Death 0.15% 0.25% 0.18°% 0.19% 0.21% 015°% 0.00 % Total Rate 7.98% 15.37% 9.82°% 12.75% 1517% 9.77°% 9.19% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 9.44°% 1149% N/A 8.91% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 15.50% N/A N/A 13.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 16.0 years 28.1 years 28.7 years 25.7 years 27.0 years 16.5 years 22.0 years Number of annuitants 0 26 214 28 119 437 150 Number of active contributing members 11 52 296 62 158 1,041 276 Number of inactive members 0 76 168 25 79 400 143 Average age of contributing members 42.9 years 43.5 years 43.1 years 45.2 years 43.7 years 41.8 years 43.7 years Average length of service of contributing members 7.8 years 7.6 years 10.0 years 12.7 years 9.1 years 10.5 years 9.4 years Page 29 of 63 Kirby Kirbyville Knox City Kountze Kress Krugerviile Krum SUMMARY OF ACTUARIAL INFORMATION I. Actuarial Accrued Liability a. Contributing Members $3,169,800 $591,172 $146,979 $499,884 $10,210 $195,238 $591,205 b. Noncontributing Members 1,518,361 181,379 248,099 119,971 3,061 36,234 573,707 c. Annuitants 2,676,188 1,083,911 133,186 19,385 316,828 58,367 102,473 2. Total Actuarial Accrued Liability $7,364,349 $1,856,462 $528,264 $639,240 $330,099 $289,839 $1,267,385 3. Actuarial value of assets 6,013,491 1,523,379 611,412 639,732 321,647 246,189 1,312,437 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $1,350,858 $333,083 ($83,148) ($492) $8,452 $43,650 ($45,052) 5. Funded Ratio: (3) / (2) 81.7% 82.1% 115.7% 100.1% 97.4% 84.9% 103.6% 6. Annual Payroll $1,933,781 $790,988 $303,230 $856,739 $50,436 $624,732 $1,249,791 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.36°% 191°% 3.84°% 1.38°% 3.49% 8.10°% 4.70°% Prior Service 3.99°% 2.66°% - 1.68°% 0.00°% 5.08°% 0.65°% - 0.22°% Total Retirement 14.35°% 5.57% 2.16°% 1.38% 8.57°% 8.75°% 4.48°% Supplemental Death 0.12°% 0.34°% 0.34°% 0.15°% 0.00°% 0.10°% 0.14% Total Rate 14.47% 5.91% 2.50°% 1.53% 8.57°% 8.85% 4.62°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1424% N/A 2.27% N/A N/A 7.88% 4A0% Statutory Maximum Rate (Total Retirement Only) 13.50% 7.50% 9.50°% N/A N/A N/A 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.2 years 28.0 years 25.0 years 25.0 years 3.6 years 13.8 years 25.0 years Number of annuitants 21 19 4 2 4 1 5 Number of active contributing members 52 22 9 23 2 11 27 Number of inactive members 73 33 14 38 1 5 31 Average age of contributing members 39.6 years 43.5 years 51.6 years 44.5 years 53.8 years 45.7 years 425 years Average length of service of contributing members 7.6 years 6.9 years 9.9 years 6.6 years 2.2 years 10.4 years 8.4 years Page 29 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 30 of 63 Kyle La Coste La Feria La Grange La Grulla La Joya La Marque SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $13,848,201 $220,777 $3,868,890 $8,856,867 $308,923 $639,264 $8,701,154 b. Noncontributing Members 1,477,483 681 634,183 861,878 60,757 119,176 4,030,073 c. Annuitants 1,792,577 58,290 1,826,091 4,316,032 205,359 515,734 12,083,607 2. Total Actuarial Accrued Liability $17,118,261 $279,748 $6,329,164 $14,034,777 $575,039 $1,274,174 $24,814,834 3. Actuarial value of assets 13,332,513 307,429 4,785,388 11,714,932 680,875 478,116 19,427,759 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $3,785,748 ($27,681) $1,543,776 $2,319,845 ($105,837) $796,058 $5,387,075 5. Funded Ratio: (3) / (2) 77.9°% 1099% 75.6% 83.5°% 118.4% 37.5% 78.3% 6. Annual Payroll $8,575,520 $261,314 $2,180,116 $2,831,034 $688,658 $1,142,191 $5,135,754 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.14°% 2.13°% 4.21°% 10.12°% 6.18°% 1.45% 9.54°% Prior Service 2.55% -0.65% 5.55% 5.91% -0.98% 4.72% 6.22% Total Retirement 12.69°% 1.48% 9.76°% 16.03% 5.20% 6.17°% 15.76% Supplemental Death 0.14% 0.00% 0.22% 0.27% 0.15% 0.18% M7% Total Rate 12.83°% 1.48% 9.98°% 16.30% 5.35% 6.35°% 15.93% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1154% 1.47% N/A 1621% 5.33% N/A 15.63% Statutory Maximum Rate (Total Retirement Only) 13.50% 7.50% N/A N/A 11.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 27.7 years 25.0 years 17.4 years 19.6 years 25.0 years 21.5 years 28.5 years Number of annuitants 15 4 22 30 6 6 81 Number of active contributing members 165 7 56 67 29 45 106 Number of inactive members 68 1 41 22 13 53 99 Average age of contributing members 40.8 years 53.0 years 44.0 years 49.0 years 38.1 years 41.2 years 41.8 years Average length of service of contributing members 7.4 years 12.3 years 9.2 years 11.0 years 3.3 years 5.2 years 8.0 years Page 30 of 63 La Porte La Vernia Lacy- Lakeview Ladonia Lago Vista Laguna Vista Lake Dallas SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $77,004,098 $166,192 $4,143,727 $9,110 $5,058,294 $471,345 $3,646,961 b. Noncontributing Members 7,663,797 121,197 610,380 16,420 968,397 133,048 1,253,990 c. Annuitants 59,757,612 108,890 2,377,792 57,374 2,327,436 0 3,224,741 2. Total Actuarial Accrued Liability $144,425,507 $396,279 $7,131,899 $82,904 $8,354,127 $604,393 $8,125,692 3. Actuarial value of assets 125,678,216 270,441 5,304,645 118,591 7,909,993 591,520 7,092,011 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $18,747,291 $125,838 $1,827,254 ($35,687) $444,134 $12,873 $1,033,681 5. Funded Ratio: (3) / (2) 87.0% 68.2% 74.4% 143.0% 94.7% 97.9% 87.3% 6. Annual Payroll $22,169,332 $622,358 $1,983,150 $45,726 $3,628,690 $620,417 $1,818,139 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.50°% 1.49°% 9.37°% 7.36°% 6.94% 3.21°% 10.15°% Prior Service 6.47°% 1.19% 5.26°% - 4.79°% 0.77°% 0.15°% 3.41°% Total Retirement 15.97°% 2.68% 14.63°% 2.57% 7.71°% 3.36°% 13.56% Supplemental Death 0.17°% 0.12°% 0.19°% 0.28°% 0.22°% 0.14°% 0.26°% Total Rate 16.14% 2.80°% 14.82°% 2.85°% 7.93°% 3.50% 13.82°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 14.66% 235% 7.40% 3.39% 13.37% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 12.50% N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 18.0 years 26.8 years 28.2 years 25.0 years 24,0 years 19.5 years 26.0 years Number of annuitants 182 2 19 3 28 0 34 Number of active contributing members 374 16 50 2 89 15 31 Number of inactive members 142 9 28 4 51 11 36 Average age of contributing members 43.4 years 38.5 years 41.3 years 44.0 years 48.2 years 49.0 years 46.0 years Average length of service of contributing members 12.8 years 5.0 years 8.4 years 1.3 years 7.9 years 6.3 years 8.0 years Page 30 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 31 of 63 Lake Jackson Lake Worth Lakeport Lakeside Lakeside City Lakeway Lamesa SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $29,921,679 $10,953,485 $169,540 $685,391 $91,589 $9,115,213 $5,268,942 b. Noncontributing Members 4,926,534 1,490,982 6,387 129,934 0 1,993,474 1,415,463 c. Annuitants 21,543,469 5,002,440 26,611 89,150 57,549 5,213,813 8,088,157 2. Total Actuarial Accrued Liability $56,391,682 $17,446,907 $202,538 $904,475 $149,138 $16,322,500 $14,772,562 3. Actuarial value of assets 52,281,762 13,884,088 306,831 864,825 146,906 12,935,894 14,939,007 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $4,109,920 $3,562,819 ($104,293) $39,650 $2,232 $3,386,606 ($166,445) 5. Funded Ratio: (3) / (2) 92.7% 79.6% 151.5% 95.6% 98.5% 79.3% 101.1% 6. Annual Payroll $10,216,267 $4,790,262 $160,003 $564,527 $147,528 $5,807,760 $3,147,801 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.22% 8.85% 3.28% 7.05% 1.72% 10.27% 5.05% Prior Service 3.62% 4.56% -3.28% 0.51% 0.20% 3.34% -0.34% Total Retirement 11.84% 13.41% 0.00°% 7.56% 1.92% 13.61% 4.71% Supplemental Death 0.20% 0.15% 015°% 0.24% 0.17% 015°% 0.00 % Total Rate 12.04°% 13.56% 0.15°% 7.80% 109% 13.76°% 4.71% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A T48% 1.93% 13.60% 4.10% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 12.50% N/A 13.50°% 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 14.4 years 25.1 years 25.0 years 19.4 years 9.0 years 28.1 years 25.0 years Number of annuitants 113 36 1 3 3 49 50 Number of active contributing members 209 89 5 14 4 98 73 Number of inactive members 148 46 2 16 0 79 42 Average age of contributing members 43.1 years 43.6 years 46.6 years 44.6 years 41.8 years 42.9 years 451 years Average length of service of contributing members 11.4 years 12.0 years 9.6 years 10.2 years 10.6 years 7.6 years 7.3 years Page 31 of 63 Lampasas Lancaster Laredo Lavon League City Leander Lefors SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $12,570,275 $27,937,794 $365,603,126 $435,898 $70,392,893 $18,347,891 $37,132 b. Noncontributing Members 2,601,884 12,250,855 17,702,437 323,684 13,447,774 2,282,937 574 c. Annuitants 6,403,612 33,757,460 163,452,929 24,145 43,125,564 4,875,258 0 2. Total Actuarial Accrued Liability $21,575,771 $73,946,109 $546,758,492 $783,727 $126,966,231 $25,506,086 $37,706 3. Actuarial value of assets 17,520,643 60,091,827 390,538,048 771,118 100,185,455 19,509,909 15,362 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $4,055,128 $13, 854, 282 $156,220,444 $12,609 $26,780,776 $5,996,177 $22,344 5. Funded Ratio: (3) / (2) 81.2% 81.3% 71.4% 98.4% 78.9% 76.5% 40.7% 6. Annual Payroll $4,885,704 $15,013,649 $103,470,427 $735,856 $30,154,221 $12,476,513 $129,551 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.63% 8.58°% 10.05% 5.20°% 9.52°% 9.85% 1.07°% Prior Service 5.20°% 5.28°% 11.11°% 0.12°% 5.87°% 2.74°% 2.47°% Total Retirement 14.83°% 13.86% 21.16°% 5.32% 15.39°% 12.59°% 3.54°% Supplemental Death 0.19°% 0.14°% 0.19°% 0.20°% 0.14°% 0.14°% 0.04°% Total Rate 15.02% 14.00°% 21.35°% 5.52°% 15.53% 12.73% 3.58°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 13.94% N/A 5A1% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 15.50% 13.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.2 years 28.1 years 19.0 years 20.4 years 22.3 years 28.3 years 8.2 years Number of annuitants 54 170 814 1 186 39 0 Number of active contributing members 114 243 2,058 16 495 223 5 Number of inactive members 64 198 471 14 195 88 1 Average age of contributing members 42.5 years 39.1 years 44.3 years 48.0 years 41.2 years 41.7 years 31.3 years Average length of service of contributing members 9.8 years 7.6 years 11.7 years 9.1 years 9.7 years 8.3 years 3.1 years Page 31 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 32 of 63 Leon Valley Leonard Levelland Lewisville Lexington Liberty Liberty Hill SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $14,610,624 $200,549 $13,265,759 $146,647,171 $440,555 $6,142,760 $292,020 b. Noncontributing Members 4,982,976 281,323 2,288,884 16,402,271 421,018 2,334,528 112,196 c. Annuitants 18,316,446 200,413 9,600,943 101,870,279 859,814 5,377,887 0 2. Total Actuarial Accrued Liability $37,910,046 $682,285 $25,155,586 $264,919,721 $1,721,387 $13,855,175 $404,216 3. Actuarial value of assets 34,928,936 722,015 22,628,961 221,592,675 1,539,992 7,788,896 352,580 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $2,981,110 ($39,730) $2,526,625 $43,327,046 $181,395 $6,066,279 $51,636 5. Funded Ratio: (3) / (2) 911% 105.8% 90.0% 816% 89.5% 56.2% 87.2% 6. Annual Payroll $5,194,217 $574,785 $4,972,930 $48,174,062 $495,813 $4,332,140 $710,166 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.87% 1.39% 8.25% 10.17% 6.50% 5.56% 7.03% Prior Service 4.05% -0.42% 3.98% 6.38% 2.15% 13.23% 0.52% Total Retirement 12.92% 0.97% 12.23°% 16.55% 8.65% 18.79% 7.55% Supplemental Death 0.19% 0.24% 0.19°% 0.00% 0.00% 0.00% M7% Total Rate 13.11°% 1.21% 12.42°% 16.55% 8.65% 18.79°% 7.72% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A N/A N/A 18.24% N/A Statutory Maximum Rate (Total Retirement Only) N/A 7.50% N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.2 years 25.0 years 17.4 years 20.0 years 26.9 years 14.2 years 19.8 years Number of annuitants 79 4 49 342 7 36 0 Number of active contributing members 100 14 98 735 13 91 16 Number of inactive members 52 22 26 273 18 110 6 Average age of contributing members 44.6 years 42.0 years 43.4 years 41.7 years 4'1.0 years 41.1 years 47.8 years Average length of service of contributing members 13.5 years 7.1 years 10.8 years 12.2 years 4.2 years 8.7 years 4.1 years Page 32 of 63 Lindale Linden Lipan Little Elm Littlefield Live Oak Liverpool SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $3,864,964 $508,844 $121,040 $19,093,286 $3,350,670 $20,572,608 $38,086 b. Noncontributing Members 659,247 71,107 0 2,648,475 1,470,203 4,163,454 9,155 c. Annuitants 1,573,868 112,495 0 3,014,344 2,873,443 10,683,861 0 2. Total Actuarial Accrued Liability $6,098,079 $692,446 $121,040 $24,756,105 $7,694,316 $35,419,923 $47,241 3. Actuarial value of assets 4,233,029 729,121 114,784 19,899,865 6,732,757 28,963,302 39,925 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $1,865,050 ($36 ,675) $6,256 $4,856,240 $961,559 $6,456,621 $7,316 5. Funded Ratio: (3) / (2) 69.4% 105.3% 94.8% 80.4% 87.5% 81.8% 84.5% 6. Annual Payroll $2,240,807 $447,042 $158,339 $12,116,586 $2,233,677 $6,320,837 $153,975 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.47°% 1.85°% 2.01°% 11.15°% 638°% 10.43°% 1.99°% Prior Service 5.84°% - 0.50°% 0.48°% 2.34°% 3.11°% 6.97°% 0.61°% Total Retirement 14.31°% 1.35% 2.49°% 13.49°% 9.49°% 17.40°% 2.60°% Supplemental Death 0.00°% 0.39°% 0.25°% 0.12°% 0.18°% 0.15°% 0.20°% Total Rate 14.31% 1.74% 2.74°% 13.61°% 9.67°% 17.55% 2.80°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 2.57% 1334% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 7.50% N/A 13.50% 11.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.4 years 25.0 years 9.9 years 27.2 years 20.5 years 21.2 years 9.3 years Number of annuitants 11 3 0 33 40 55 0 Number of active contributing members 51 12 5 200 54 114 4 Number of inactive members 18 10 0 94 42 53 4 Average age of contributing members 42.8 years 53.8 years 55.2 years 42.1 years 40.7 years 43.2 years 47.4 years Average length of service of contributing members 7.5 years 13.2 years 8.1 years 9.0 years 7.7 years 13.6 years 3.2 years Page 32 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 33 of 63 Livingston Llano Lockhart Lockney Lone Star Longview Loraine SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $14,052,263 $3,608,796 $13,895,313 $323,717 $504,651 $75,257,260 $9,978 b. Noncontributing Members 1,218,568 771,971 3,583,705 52,695 528,345 12,445,510 67,721 c. Annuitants 9,130,098 2,509,111 11,176,635 88,653 283,109 75,598,267 20,360 2. Total Actuarial Accrued Liability $24,400,929 $6,889,878 $28,655,653 $465,065 $1,316,105 $163,301,037 $98,059 3. Actuarial value of assets 20,723,553 5,119,532 24,180,039 670,211 1,358,742 145,710,325 96,855 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $3,677,376 $1,770,346 $4,475,614 ($205,146) ($42,637) $17,590,712 $1,204 5. Funded Ratio: (3) / (2) 84.9°/ 743% 84.4% 144.1% 103.2% 89.2% 98.8% 6. Annual Payroll $3,856,798 $1,837,645 $5,944,465 $157,680 $416,320 $32,004,564 $96,701 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.88% 8.21% 7.64% 2.60% 3.23% 7.31% 2.47% Prior Service 7.55% 7.05% 5.42% -2.60% -0.69% 3.79% 0.18% Total Retirement 16.43% 15.26% 13.06°% 0.00% 2.54% 11.10% 2.65% Supplemental Death 0.25% 0.29% 0.24°% 0.69% 0.18% 0.20°% O.05% Total Rate 16.68°% 15.55% 13.30% 0.69°% 172% 11.30°% 2.70% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 14.80% 12.97% N/A N/A 10.56% 160% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 7.50% 7.50% 15.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 17.1 years 20.9 years 21.1 years 25.0 years 25.0 years 20.9 years 8.1 years Number of annuitants 36 34 68 2 4 458 1 Number of active contributing members 81 46 126 4 10 648 3 Number of inactive members 14 21 97 5 12 273 6 Average age of contributing members 45.3 years 47.5 years 43.2 years 46.7 years 42.0 years 42.8 years 33.0 years Average length of service of contributing members 12.1 years 9.3 years 10.2 years 11.3 years 8.9 years 9.9 years 1.2 years Page 33 of 63 Lorena Lorenzo Los Fresnos Lott. Lovelady Lubbock Lucas SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $625,438 $170,993 $2,059,282 $100,019 $38,568 $275,459,356 $1,490,597 b. Noncontributing Members 449,187 68,252 346,451 44,538 3,460 41,580,302 731,619 c. Annuitants 92,396 176,822 631,792 10,171 12,001 336,544,918 570,402 2. Total Actuarial Accrued Liability $1,167,021 $416,067 $3,037,525 $154,728 $54,029 $653,584,576 $2,792,618 3. Actuarial value of assets 1,139,153 498,630 3,293,256 166,239 40,539 539,548,488 2,121,738 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $27,868 ($82,563) ($255,731) ($11,511) $13,490 $114,036,088 $670,880 5. Funded Ratio: (3) / (2) 97.6% 119.8% 108.4% 107.4% 75.0% 82.6% 76.0% 6. Annual Payroll $589,487 $237,883 $1,882,228 $308,461 $108,313 $95,361,531 $1,577,474 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.83% 5.27°% 2.36°% 1.84°% 4.80°% 9.99% 11.14°% Prior Service 0.28°% - 2.13°% - 0.83°% -0.23% 1.31°% 7.96°% 2.61°% Total Retirement 7.11°% 3.14% 1.53°% 1.61% 6.11°% 17.95°% 13.75% Supplemental Death 0.27°% 0.00°% 0.16°% 0.07°% 0.11°% 0.00°% 0.15°% Total Rate 7.38% 3.14% 1.69°% 1.68% 6.22°% 17.95% 13.90°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 3.03% 1.51% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 10.50% 9.50% 9.50% N/A N/A N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 26.5 years 25.0 years 25.0 years 25.0 years 1 1 8 years 22.0 years 25.0 years Number of annuitants 5 5 14 2 1 1,223 10 Number of active contributing members 17 6 52 8 3 1,710 31 Number of inactive members 17 6 39 29 2 621 24 Average age of contributing members 48.7 years 46.9 years 40.2 years 46.7 years 41.9 years 43.6 years 43.4 years Average length of service of contributing members 8.8 years 5.9 years 9.2 years 4.7 years 4.1 years 10.9 years 7.9 years Page 33 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 34 of 63 Lufkin Luling Lumberton Lyford Lytle Madisonville Magnolia SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $47,040,393 $6,116,635 $6,665,547 $531,958 $2,445,470 $2,385,436 $469,917 b. Noncontributing Members 5,764,518 457,835 213,312 3,057 120,290 317,879 303,771 c. Annuitants 37,343,725 2,402,438 1,790,810 9,955 97,806 1,136,097 331,520 2. Total Actuarial Accrued Liability $90,148,636 $8,976,908 $8,669,669 $544,970 $2,663,566 $3,839,412 $1,105,208 3. Actuarial value of assets 72,121,790 7,300,699 6,689,123 366,497 2,259,852 3,211,001 1,161,551 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $18,026,846 $1,676,209 $1,980,546 $178,473 $403,714 $628,411 ($56,343) 5. Funded Ratio: (3) / (2) 80.0% 813% 77.2% 673% 84.8% 83.6% 105.1% 6. Annual Payroll $15,958,000 $3,159,091 $2,086,358 $386,204 $1,000,054 $1,442,684 $1,313,092 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.69% 5.90% 10.26% 1.29% 6.51% 6.76% 2.13% Prior Service 7.93% 3.73% 6.51% 3.90% 2.97% 2.79% -0.26% Total Retirement 16.62% 9.63% 16.77°% 5.19°/ 9.48% 9.55% 1.87% Supplemental Death 0.20% 0.30% 0.20% 0.00% 0.16% 0.33% 032% Total Rate 16.82°% 9.93% 16.97°% 5.19°% 9.64% 9.88°% 119% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 16A2% 9.56% N/A 4.93% N/A 9.86% N/A Statutory Maximum Rate (Total Retirement Only) N/A 11.50% N/A N/A 11.50% 11.50°% &50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.3 years 203 years 21.1 years 15.7 years 19.0 years 23.4 years 25.0 years Number of annuitants 207 36 17 1 1 21 14 Number of active contributing members 360 81 41 15 23 38 29 Number of inactive members 156 40 6 5 7 25 25 Average age of contributing members 42.6 years 451 years 46.5 years 47.4 years 44.0 years 45.0 years 42.3 years Average length of service of contributing members 10.2 years 10.2 years 11.2 years 11.2 years 10.4 years 8.7 years 7.0 years Page 34 of 63 Malakoff Manor Mansfield Manvel Marble Falls Maria Marion SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,254,015 $1,425,466 $96,753,511 $1,062,505 $11,265,540 $1,081,180 $676,987 b. Noncontributing Members 216,409 297,956 7,219,997 207,583 2,211,428 159,546 53,348 c. Annuitants 461,959 335,566 29,817,497 230,060 5,571,570 1,115,422 96,735 2. Total Actuarial Accrued Liability $1,932,383 $2,058,988 $133,791,005 $1,500,148 $19,048,538 $2,356,148 $827,070 3. Actuarial value of assets 1,755,023 2,019,818 114,657,402 1,420,849 18,904,003 2,745,143 868,801 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $ 177, 360 $39 ,170 $19,133,603 $79,299 $144,535 ($388,995) ($41,731) 5. Funded Ratio: (3) / (2) 90.8% 98.1% 85.7% 94.7% 99.2% 116.5% 105.0% 6. Annual Payroll $1,152,136 $2,491,609 $32,236,320 $1,664,156 $5,944,902 $1,084,282 $459,285 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.92°% 4.14°% 10 .89°% 6.38°% 5.49°% 4.20% 6.46°% Prior Service 0.93°% 0.10% 3.73°% 0.30°% 0.15°% - 2.20°% - 0.56°% Total Retirement 6.85°% 4.24% 14.62°% 6.68% 5.64°% 2.00°% 5.90°% Supplemental Death 0.23°% 0.12°% 0.16°% 0.15°% 0.19°% 0.36°% 0.42°% Total Rate 7.08% 4.36% 14.78°% 6.83°% 5.83°% 2.36% 6.32°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 633% 4.20% N/A 6.53% 5.09% 2.10% 6.18% Statutory Maximum Rate (Total Retirement Only) 13.50% N/A N/A 13.50% 13.50% 11.50°% 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.7 years 23.6 years 24.1 years 24.0 years 24.8 years 25.0 years 25.0 years Number of annuitants 12 4 143 7 62 19 3 Number of active contributing members 26 49 488 38 105 31 11 Number of inactive members 13 36 151 30 63 23 8 Average age of contributing members 48.5 years 39.1 years 41.9 years 40.8 years 43.6 years 47.7 years 511 years Average length of service of contributing members 8.9 years 6.7 years 11.4 years 8.5 years 10.9 years 6.2 years 11.6 years Page 34 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 35 of 63 Marlin Marshall Mart Martindale Mason Matador Mathis SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,172,135 $19,720,293 $275,237 $94,397 $2,122,814 $102,201 $795,647 b. Noncontributing Members 897,727 3,218,788 386,358 31,055 185,719 0 638,610 c. Annuitants 2,911,190 30,627,545 383,323 12,822 559,632 96,410 1,175,806 2. Total Actuarial Accrued Liability $4,981,052 $53,566,626 $1,044,918 $138,274 $2,868,165 $198,611 $2,610,063 3. Actuarial value of assets 4,254,437 45,392,153 1,316,679 90,700 2,628,456 147,023 2,989,876 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $726,615 $8,174,473 ($271,761) $47,574 $239,709 $51,588 ($379,813) 5. Funded Ratio: (3) / (2) 85.4% 84.7% 126.0% 65.6% 91.6% 74.0% 114.6% 6. Annual Payroll $1,587,333 $8,226,345 $428,908 $145,437 $1,204,700 $129,912 $1,697,394 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.81% 10.07% 5.37% 5.94% 4.68% 212% 5.65% Prior Service 2.92% 6.66% -3.89% 4.63% 1.73% 5.05% -1.37% Total Retirement 9.73% 16.73% 1.48°% 10.57% 6.41% 7.17% 4.28% Supplemental Death 0.29% 0.23% 0.24% 0.17% 026% 0.27% M8% Total Rate 10.02°% 16.96% 1.72°% 10.74% 6.67% 7.44°% 4.46% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 9.75% 16.92% N/A M13% N/A 6.96% 3M% Statutory Maximum Rate (Total Retirement Only) 11.50% N/A 9.50% N/A 9.50% N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.0 years 23.4 years 25.0 years 8.3 years 15.1 years 9.4 years 25.0 years Number of annuitants 43 168 8 1 10 1 24 Number of active contributing members 48 182 13 4 33 4 58 Number of inactive members 84 59 32 3 14 0 93 Average age of contributing members 40.6 years 44.9 years 42.2 years 52.8 years 46.9 years 50.1 years 41.8 years Average length of service of contributing members 6.2 years 10.3 years 5.4 years 6.9 years 9.3 years 8.0 years 4.0 years Page 35 of 63 Maud Maypearl McAllen McCamey McGregor McKinney McLean SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $89,340 $82,357 $143,492,766 $1,118,367 $2,963,866 $139,840,939 $158,895 b. Noncontributing Members 1,125 69,930 18,417,600 5,706 1,038,916 26,218,937 216,683 c. Annuitants 0 53,280 75,730,120 406,537 2,522,813 61,523,421 4,385 2. Total Actuarial Accrued Liability $90,465 $205,567 $237,640,486 $1,530,610 $6,525,595 $227,583,297 $379,963 3. Actuarial value of assets 43,202 202,334 216,226,586 1,539,982 5,581,922 187,490,424 374,435 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $47,263 $3,233 $21,413,900 ($9,372) $943,673 $40,092,873 $5,528 5. Funded Ratio: (3) / (2) 47.8% 98.4% 91.0% 100.6% 85.5% 82.4% 98.5% 6. Annual Payroll $201,185 $196,742 $68,147,394 $502,418 $2,385,189 $62,127,195 $225,426 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.69°% 1.70°% 4.90% 2.99°% 8.55°% 11.61°% 1.69°% Prior Service 2.03°% 0.18°% 3.00°% - 0.11°% 2.28°% 3.69°% 0.26°% Total Retirement 3.72°% 1.88% 7.90°% 2.88% 10.83°% 15.30°% 1.95°% Supplemental Death 0.10°% 0.13°% 0.00°% 0.15°% 0.26% 013°% 0.19°% Total Rate 3.82% 2.01% 7.90°% 3.03°% 11.09% 15.43% 2.14°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 7.16% 178% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 7.50% 13.50% 9.50% 12.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 15.2 years 11.3 years 13.4 years 25.0 years 27.8 years 28.2 years 11.7 years Number of annuitants 0 3 451 6 32 255 1 Number of active contributing members 7 6 1,529 13 52 881 7 Number of inactive members 2 8 359 4 46 328 7 Average age of contributing members 42.2 years 44.2 years 41.6 years 47.0 years 43.8 years 42.1 years 45.6 years Average length of service of contributing members 4.6 years 6.6 years 10.2 years 8.4 years 8.7 years 10.8 years 6.0 years Page 35 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 36 of 63 McLendon - Chisholm Meadowlakes Meadows Place Melissa Memorial Villages PD Memphis Menard SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $44,204 $332,588 $2,509,488 $2,188,326 $3,139,648 $1,349,686 $140,497 b. Noncontributing Members 14,900 76,367 992,498 220,873 1,733,471 6,975 59,730 c. Annuitants 0 10,389 2,522,750 406,758 8,994,348 761,986 1,230,315 2. Total Actuarial Accrued Liability $59,104 $419,344 $6,024,736 $2,815,957 $13,867,467 $2,118,647 $1,430,542 3. Actuarial value of assets 19,619 417,836 5,745,300 2,413,638 11,535,679 2,166,211 1,716,605 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $39,485 $1,508 $279,436 $402,319 $2,331,788 ($47,564) ($286,063) 5. Funded Ratio: (3) / (2) 33.2% 99.6% 95.4% 85.7% 83.2% 102.2% 120.0% 6. Annual Payroll $124,807 $585,800 $1,405,621 $2,103,327 $3,176,090 $554,989 $229,663 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.75% 2.26% 6.34% 6.75% 6.65% 4.85% 3.47% Prior Service 5.90% 0.02% 1.84% 1.14% 4.19% -0.56% -3.47% Total Retirement 9.65% 2.28% 8.18% 7.89% 10.84% 4.29% 0.00% Supplemental Death 0.77% 0.14% 0.19% 0.15% 0.17% 0.24% 0.00 % Total Rate 10.42% 2.42% 8.37% 8.04% 11.01% 4.53% 0.00% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 2.34% 7.43% 734% 10.45% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 13.50% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 6.1 years 17.6 years 14.6 years 26.3 years 28.2 years 25.0 years 25.0 years Number of annuitants 0 1 12 10 33 8 7 Number of active contributing members 2 20 24 49 37 20 6 Number of inactive members 1 10 32 22 23 6 4 Average age of contributing members 66.3 years 41.3 years 49.1 years 42.0 years 44.3 years 47.6 years 42.7 years Average length of service of contributing members 13.5 years 2.5 years 11.7 years 10.3 years 11.4 years 11.5 years 7.4 years Page 36 of 63 Mercedes Meridian Merkel Mertzon Mesquite Mexia Midland SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $13,425,435 $509,405 $651,820 $18,005 $204,121,473 $8,440,651 $109,734,169 b. Noncontributing Members 1,492,107 7,176 163,779 122,954 20,488,909 1,240,201 26,790,717 c. Annuitants 4,785,674 99,217 865,968 272,889 213,270,011 5,447,179 161,237,367 2. Total Actuarial Accrued Liability $19,703,216 $615,798 $1,681,567 $413,848 $437,880,393 $15,128,031 $297,762,253 3. Actuarial value of assets 14,359,705 652,747 1,183,434 201,583 393,892,744 13,209,614 256,516,603 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $5,343,511 ($36,949) $498,133 $212,265 $43,987,649 $1,918,417 $41,245,650 5. Funded Ratio: (3) / (2) 72.9% 106.0% 70.4% 48.7% 90.0% 87.3% 86.1% 6. Annual Payroll $4,442,078 $366,275 $522,249 $194,798 $70,869,381 $4,019,205 $45,469,410 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.91% 3.72% 7.74% 5.20% 5.58% 9.79% 8.72% Prior Service 8.19% -0.62% 5.49% 6.57% 6.43% 2.74% 6.14% Total Retirement 19.10% 3.10% 13.23% 11.77% 12.01% 12.53% 14.86% Supplemental Death 0.21% 0.09% 0.12% 0.53% 0.00% 0.23% 0.20% Total Rate 19.31% 3.19% 13.35% 12.30% 12.01% 12.76% 15.06% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 2.85% N/A 11.91 % 10.87% 12.53% N/A Statutory Maximum Rate (Total Retirement Only) N/A 11.50% N/A N/A N/A 13.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.3 years 25.0 years 27.8 years 25.8 years 12.1 years 28.0 years 21.5 years Number of annuitants 42 2 7 2 705 48 576 Number of active contributing members 108 10 15 3 1,059 96 771 Number of inactive members 55 3 12 11 334 82 567 Average age of contributing members 44.8 years 38.6 years 40.1 years 50.5 years 42.5 years 43.0 years 40.7 years Average length of service of contributing members 10.8 years 8.9 years 5.1 years 1.4 years 12.0 years 9.1 years 8.7 years Page 36 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 37 of 63 Midlothian Milano Miles Milford Mineola Mineral Wells Mission SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $20,773,016 $17,772 $49,793 $297,015 $2,977,689 $14,305,539 $53,486,077 b. Noncontributing Members 4,262,781 0 144,224 167,883 727,970 2,694,047 4,921,637 c. Annuitants 12,924,316 0 0 316,049 2,244,205 13,007,143 19,932,669 2. Total Actuarial Accrued Liability $37,960,113 $17,772 $194,017 $780,947 $5,949,864 $30,006,729 $78,340,383 3. Actuarial value of assets 30,590,140 5,181 255,736 659,113 6,289,980 27,808,454 68,937,771 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $7,369,973 $12,591 ($61,719) $121,834 ($340,116) $2,198,275 $9,402,612 5. Funded Ratio: (3) / (2) 80.6°% 291% 131.8% 84A% 105.7% 92.7% 88.0% 6. Annual Payroll $11,497,831 $64,200 $128,916 $247,275 $2,167,261 $7,436,122 $27,687,698 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.92°% 1.97°% 1.31°% 4.27% 5.34% 6.62% 6.43°% Prior Service 3.67% 3.55% -1.31% 5.51% -0.96% 2.31% 2.01% Total Retirement 14.59°% 5.52% 0.00°% 9.78°% 4.38% 8.93°% 8.44% Supplemental Death 0.15% 0.24% 0.07°% 0.32% 0.18% 0.26% O.15% Total Rate 14.74°% 5.76% 0.07°% 10.10% 4.56% 919°% 8.59% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A 9.16% 4.36% N/A &51% Statutory Maximum Rate (Total Retirement Only) N/A N/A 7.50% N/A 11.50% 11.50% 12.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 63 years 25.0 years 11.6 years 25.0 years 17.5 years 26.6 years Number of annuitants 78 0 0 3 22 100 153 Number of active contributing members 196 2 4 6 52 160 646 Number of inactive members 83 0 5 7 29 117 259 Average age of contributing members 40.9 years 47.1 years 42.4 years 49.3 years 42.1 years 45.4 years 42.0 years Average length of service of contributing members 9.7 years 4.4 years 4.8 years 7.6 years 10.0 years 10.2 years 9.7 years Page 37 of 63 Missouri City Monahans Mont Belvieu Montgomery Moody Morgan's Point Morgan's Point Resort SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $34,403,767 $6,844,305 $11,867,599 $299,854 $205,243 $1,179,701 $1,146,519 b. Noncontributing Members 10,636,734 821,194 1,919,902 302,106 2,915 1,188,415 889,930 c. Annuitants 46,599,828 4,603,760 5,261,462 321,386 550,086 1,508,239 860,691 2. Total Actuarial Accred Liability $91,640,329 $12,269,259 $19,048,963 $923,346 $758,244 $3,876,355 $2,897,140 3. Actuarial value of assets 89,015,773 10,877,835 14,173,122 1,031,797 717,992 3,784,702 2,528,299 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $2,624,556 $1,391,424 $4,875,841 ($108,451) $40,252 $91,653 $368,841 5. Funded Ratio: (3) / (2) 97.1% 88.7% 74.4% 111.7% 94.7% 97.6% 87.3% 6. Annual Payroll $20,829,049 $3,405,609 $4,503,007 $929,526 $500,418 $842,762 $990,902 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.55°% 5.42°% 10.01°% 6.61°% 1.37% 9.14°% 10.25°% Prior Service 1.51°% 2.70% 6.26°% -0.72% 1.64°% 0.72°% 2.28°% Total Retirement 7.06°% 8.12% 16.27°% 5.89% 3.01°% 9.86°% 12.53% Supplemental Death 0.12°% 0.25°% 0.17°% 0.00°% 0.15°% 0.22°% 0.23% Total Rate 7.18% 8.37°% 16.44°% 5.89% 3.16°% 10.08% 12.76°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 6A1% N/A N/A 5A8% N/A 9.52% 11.44% Statutory Maximum Rate (Total Retirement Only) 15.50% N/A N/A 13.50% 7.50% N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 10.1 years 22.3 years 27.6 years 25.0 years 5.5 years 22.2 years 28.5 years Number of annuitants 163 26 19 9 4 12 21 Number of active contributing members 322 60 68 19 12 12 26 Number of inactive members 162 36 25 24 5 8 16 Average age of contributing members 39.9 years 42.3 years 43.6 years 39.5 years 40.9 years 47.3 years 43.3 years Average length of service of contributing members 9.6 years 10.7 years 10.6 years 5.7 years 5.5 years 12.5 years 6.5 years Page 37 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 38 of 63 Morton Moulton Mount Enterprise Mt. Pleasant Mt. Vernon Muenster Muleshoe SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,400,868 $771,392 $173,971 $17,371,493 $1,628,082 $279,775 $4,357,067 b. Noncontributing Members 301,138 437,385 0 4,689,204 206,134 224,681 1,002,491 c. Annuitants 269,276 888,178 0 10,111,389 1,293,018 820,811 3,349,491 2. Total Actuarial Accrued Liability $1,971,282 $2,096,955 $173,971 $32,172,086 $3,127,234 $1,325,267 $8,709,049 3. Actuarial value of assets 2,063,123 1,986,906 168,872 26,392,994 2,788,728 1,667,882 7,460,809 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($91,841) $110,049 $5,099 $5,779,092 $338,506 ($342,615) $1,248,240 5. Funded Ratio: (3) / (2) 104.7% 94.8% 97.1% 810% 89.2% 125.9% 85.7% 6. Annual Payroll $374,779 $476,425 $108,990 $6,873,715 $807,993 $509,356 $1,330,600 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.48% 5.32% 2.12% 10.21% 8.82% 5.22% 8.77% Prior Service -1.53% 1.75% 0.77% 5.27% 2.60% -4.13% 6.82% Total Retirement 4.95°% 7.07% 2.89°% 15.48% 11.42% 1.09°% 15.59% Supplemental Death 0.18% 0.17% 0.37% 0.18% 0.21% 0.00% M9% Total Rate 5.13% 7.24% 3.26°% 15.66% 1 L63% 1.09°% 15.78% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 2.78% N/A 11.26% 0.99% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 13.50% 11.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 18.2 years 7.0 years 24.2 years 25.4 years 25.0 years 19.3 years Number of annuitants 3 12 0 87 18 9 23 Number of active contributing members 9 9 2 153 21 13 33 Number of inactive members 5 15 0 82 14 8 23 Average age of contributing members 46.8 years 45.8 years 59.5 years 41.5 years 43.0 years 51.1 years 43.3 years Average length of service of contributing members 14.8 years 12.8 years 18.8 years 9.4 years 9.2 years 4.6 years 10.9 years Page 38 of 63 Monday Murphy Nacogdoches Naples Nash Nassau Bay Natalia SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $199,590 $9,147,449 $44,023,489 $275,931 $1,193,374 $5,591,941 $120,837 b. Noncontributing Members 21,565 3,119,856 4,539,205 20,306 84,344 862,441 65,788 c. Annuitants 77,511 3,769,626 43,144,112 164,366 368,942 2,265,874 74,692 2. Total Actuarial Accrued Liability $298,666 $16,036,931 $91,706,806 $460,603 $1,646,660 $8,720,256 $261,317 3. Actuarial value of assets 185,965 13,288,964 76,080,613 536,612 1,512,529 5,904,672 212,097 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $112,701 $2,747,967 $15,626,193 ($76,009) $134,131 $2,815,584 $49,220 5. Funded Ratio: (3) / (2) 62.3% 82.9% 83.0% 116.5% 91.9% 67.7% 81.2% 6. Annual Payroll $264,518 $6,921,842 $15,785,047 $356,675 $862,195 $2,720,416 $412,902 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.23°% 1113% 8.37°% 4.01°% 4.97% 9.76°% 2.10°% Prior Service 2.65°% 2.28% 6.51°% - 1.31°% 1.39°% 5.92°% 0.87% Total Retirement 3.88°% 14.41% 14.88°% 2.70% 6.36°% 15.68°% 2.97% Supplemental Death 0.21°% 0.11% 0.18°% 0.46% 0.17°% 0.15°% 0.18% Total Rate 4.09% 14.52°% 15.06°% 3.16% 6.53°% 15.83% 3.15% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 4.04% 13.13% 14.61% 198% 5.84% 15.75% N/A Statutory Maximum Rate (Total Retirement Only) N/A 13.50% N/A 9.50% 13.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.5 years 27.9 years 22.4 years 25.0 years 14.8 years 28.1 years 19.2 years Number of annuitants 2 29 195 4 8 17 2 Number of active contributing members 8 112 298 10 20 45 10 Number of inactive members 7 79 108 10 5 27 14 Average age of contributing members 41.2 years 39.7 years 41.7 years 55.5 years 40.2 years 43.9 years 501 years Average length of service of contributing members 11.8 years 9.8 years 11.7 years 7.5 years 11.5 years 14.7 years 6.0 years Page 38 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 39 of 63 Navasota Nederland Needville New Boston New Braunfels New Braunfels Utilities New Deal SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,753,672 $27,502,560 $1,196,968 $1,050,741 $74,967,435 $38,446,367 $147,188 b. Noncontributing Members 1,019,598 2,604,678 240,022 406,464 9,705,348 4,949,767 30,802 c. Annuitants 4,647,212 21,652,679 891,395 1,920,873 47,513,613 25,328,996 53,888 2. Total Actuarial Accrued Liability $12,420,482 $51,759,917 $2,328,385 $3,378,078 $132,186,396 $68,725,130 $231,878 3. Actuarial value of assets 11,198,979 53,579,820 2,306,944 3,573,031 99,367,680 60,726,588 299,372 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $1,221,503 ($1,819,903) $21,441 ($194,953) $32,818,716 $7,998,542 ($67,494) 5. Funded Ratio: (3) / (2) 90.2% 103.5% 99.1% 105.8% 75.2% 88.4% 129.1% 6. Annual Payroll $3,877,751 $7,573,786 $756,306 $1,146,029 $32,549,345 $13,702,414 $201,956 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.72% 8.11% 3.64% 3.19% 11.16% 7.18% 2.42% Prior Service 2.72% -1.48% 0.20% -1.04% 5.78% 5.26% -2.24% Total Retirement 8.44% 6.63% 3.84°% 2.15°/ 16.94% 12.44% 0.18% Supplemental Death 0.16% 0.00% 0.43% 0.23% 0.14% 0.18% 0.00 % Total Rate 8.60% 6.63% 4.27°% 2.38°% 17.08% 12.62°% 0.18% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 8.22% 5.96% 4.19% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 11.50% N/A 9.50% T50% N/A N/A T50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 15.2 years 25.0 years 21.2 years 25.0 years 28.0 years 14.4 years 25.0 years Number of annuitants 38 91 11 16 225 100 1 Number of active contributing members 97 114 16 32 560 241 4 Number of inactive members 45 18 10 26 230 60 4 Average age of contributing members 40.6 years 44.7 years 51.0 years 49.1 years 40.9 years 41.9 years 54.0 years Average length of service of contributing members 8.8 years 15.5 years 12.9 years 8.0 years 10.2 years 10.0 years 13.2 years Page 39 of 63 New Fairview New London New Summerfteld New Waverly Newark Newton Nixon SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $101,995 $597,919 $305,361 $318,743 $36,880 $2,699,601 $448,898 b. Noncontributing Members 0 147,270 91,584 0 0 4,108 47,486 c. Annuitants 16,620 192,640 21,832 235,638 0 3,049,210 209,384 2. Total Actuarial Accrued Liability $118,615 $937,829 $418,777 $554,381 $36,880 $5,752,919 $705,768 3. Actuarial value of assets 62,489 870,015 339,551 558,562 21,252 4,173,654 710,553 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $56,126 $67,814 $79,226 ($4,181) $15,628 $1,579,265 ($4,785) 5. Funded Ratio: (3) / (2) 52.7% 92.8% 81.1% 100.8% 57.6% 72.5% 100.7% 6. Annual Payroll $57,205 $406,522 $369,410 $215,976 $190,080 $970,053 $765,150 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.05°% 3.79°% 7.73% 4.97°% 1.89°% 10.04% 1.29°% Prior Service 8.18°% 1.79°% 1.94°% - 0.12°% 1.27°% 11.19% - 0.04°% Total Retirement 9.23°% 5.58% 9.67°% 4.85% 3.16°% 21.23°% 1.25°% Supplemental Death 0.11°% 0.00°% 0.00°% 0.26°% 0.09°% 0.21°% 0.21°% Total Rate 9.34% 5.58% 9.67°% 5.11°% 3.25°% 21.44% 1.46°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death T55% N/A 9.08% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 7.50% 13.50% 9.50% N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 16.0 years 11.5 years 14.3 years 25.0 years 7.5 years 21.0 years 25.0 years Number of annuitants 1 4 3 2 0 14 6 Number of active contributing members 1 10 10 5 5 25 18 Number of inactive members 0 7 10 0 0 3 20 Average age of contributing members 35.5 years 50.5 years 40.8 years 51.8 years 41.5 years 42.1 years 44.3 years Average length of service of contributing members 13.8 years 9.8 years 4.4 years 16.5 years 2.3 years 9.7 years 7.5 years Page 39 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 40 of 63 Nocona Nolanville Normangee North Richland Hills Northlake O'Donnell Oak Point SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,413,509 $70,122 $36,307 $106,163,695 $1,599,819 $59,902 $1,326,810 b. Noncontributing Members 491,347 29,629 155,733 19,769,800 260,959 37,970 503,677 c. Annuitants 489,816 28,818 24,524 97,346,750 104,162 116,191 134,459 2. Total Actuarial Accrued Liability $2,394,672 $128,569 $216,564 $223,280,245 $1,964,940 $214,063 $1,964,946 3. Actuarial value of assets 2,001,582 82,033 266,488 195,578,711 1,664,457 173,638 1,598,982 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $393,090 $46,536 ($49,924) $27,701,534 $300,483 $40,425 $365,964 5. Funded Ratio: (3) / (2) 83.6°% 618% 123.1% 87.6°% 84.7% 81.1% 81.4% 6. Annual Payroll $885,112 $464,002 $256,659 $34,723,330 $1,446,028 $83,630 $1,115,139 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.42°% 1.58°% 4.65°% 11.01°% 8.68°% 1.66% 5.73°% Prior Service 2.91% 0.60% -119% 5.32% 1.24% 5.91% 2.05% Total Retirement 9.33°% 2.18% 3.46°% 16.330% 9.92% 7.57% 7.78% Supplemental Death 0.20% 0.08% 0.12% 0.00% 0.11% 0.15% O.12% Total Rate 9.53% 2.26% 3.58°% 16.33% 10.03% 7.72°% 7.90% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A N/A 9.09% 7.48% T32% Statutory Maximum Rate (Total Retirement Only) 11.50% N/A 11.50% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 22.6 years 26.1 years 25.0 years 22.0 years 26.2 years 10.4 years 24.3 years Number of annuitants 12 2 2 311 4 2 5 Number of active contributing members 25 14 8 540 24 3 18 Number of inactive members 31 15 6 248 17 1 23 Average age of contributing members 43.7 years 38.4 years 41.0 years 42.3 years 39.6 years 50.5 years 41.6 years Average length of service of contributing members 8.0 years 2.4 years 2.6 years 12.5 years 8.3 years 11.8 years 7.7 years Page 40 of 63 Oak Ridge North Odem Odessa Oglesby Old River - Winfree Olmos Park Olney SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,136,199 $596,151 $92,656,408 $1,729 $26,464 $1,069,429 $833,093 b. Noncontributing Members 1,745,539 7,436 20,028,231 0 4,534 1,293,258 44,726 c. Annuitants 644,381 576,599 124,156,917 74,043 0 2,638,250 155,042 2. Total Actuarial Accrued Liability $8,526,119 $1,180,186 $236,841,556 $75,772 $30,998 $5,000,937 $1,032,861 3. Actuarial value of assets 7,041,791 880,956 201,258,233 79,422 54,809 5,422,181 872,481 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $1,484,328 $299,230 $35,583,323 ($3,650) ($23,811) ($421,244) $160,380 5. Funded Ratio: (3) / (2) 82.6% 74.6% 85.0% 104.8% 176.8°% 108.4% 84.5% 6. Annual Payroll $2,708,502 $506,104 $38,770,057 $23,112 $31,757 $1,680,991 $770,869 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.01°% 439°% 8.02°% 1.09°% 239% 3.90°% 6.75°% Prior Service 3.15°% 3.63°% 6.00°% - 1.04°% - 2.39°% - 1.54°% 1.36°% Total Retirement 12.16°% 8.02% 14.02°% 0.05% 0.00°% 2.36°% 8.17. Supplemental Death 0.17°% 0.31°% 0.18°% 0.55°% 0.00°% 0.00°% 0.24% Total Rate 12.33% 8.33°% 14.20°% 0.60% 0.00°% 2.36% 8.35°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 8.05% 14.07% N/A N/A 1.75% 7.58% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 7.50% 11.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 27.9 years 25.0 years 22.6 years 25.0 years 25.0 years 25.0 years 26.7 years Number of annuitants 10 8 497 2 0 34 5 Number of active contributing members 48 14 725 1 1 36 22 Number of inactive members 21 4 427 0 1 57 15 Average age of contributing members 43.0 years 48.0 years 41.5 years 35.0 years 54.2 years 39.7 years 51.4 years Average length of service of contributing members 9.8 years 9.2 years 8.4 years 2.4 years 9.6 years 8.0 years 8.9 years Page 40 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 41 of 63 Omaha Onalaska Orange Orange Grove Ore City Overton Ovilla SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $159,566 $182,942 $30,030,007 $263,698 $168,502 $452,407 $974,538 b. Noncontributing Members 27,508 51,623 4,710,308 49,245 115,026 292,049 840,847 c. Annuitants 54,331 28,774 31,781,499 587,818 15,669 386,994 482,138 2. Total Actuarial Accrued Liability $241,405 $263,339 $66,521,814 $900,761 $299,197 $1,131,450 $2,297,523 3. Actuarial value of assets 168,831 290,570 57,891,908 1,123,219 322,504 1,304,154 2,167,101 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $72,574 ($27,231) $8,629,906 ($222,458) ($23,307) ($172,704) $130,422 5. Funded Ratio: (3) / (2) 69.9% 1103% 87.0% 124.7% 107.8% 115.3% 94.3% 6. Annual Payroll $198,272 $448,419 $8,672,893 $385,150 $367,521 $613,897 $994,295 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 2.09% 3.03% 10.84% 5.61% 1.78% 413% 8.75% Prior Service 3.07% -0.37% 6.42% -3.55% -0.39% -1.73% 0.79% Total Retirement 5.16% 2.66% 17.26°% 2.06% 1.39% 2.40°3 9.54% Supplemental Death 0.23% 0.13% 0.00°% 0.19% 0.17% 0.28% M9% Total Rate 5.39% 2.79% 17.26°% 2.25°% 1.56% 2.68°% 9.73% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 2.69% N/A N/A 1.52% 2.24% 8.42% Statutory Maximum Rate (Total Retirement Only) N/A 9.50% N/A 9.50% 7.50% 11.50% 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 15.8 years 25.0 years 23.1 years 25.0 years 25.0 years 25.0 years 25.8 years Number of annuitants 1 4 128 5 1 11 12 Number of active contributing members 6 12 157 10 9 19 24 Number of inactive members 1 15 60 10 7 26 36 Average age of contributing members 53.2 years 44.9 years 44.6 years 50.0 years 47.0 years 44.9 years 43.7 years Average length of service of contributing members 8.7 years 4.9 years 12.5 years 6.2 years 6.0 years 7.6 years 8.5 years Page 41 of 63 Oyster Creek Paducah Palacios Palestine Palmer Palmhurst Palmview SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,527,260 $227,929 $2,093,452 $15,584,524 $871,670 $355,429 $1,044,374 b. Noncontributing Members 29,360 67,176 1,186,391 3,799,835 461,916 54,231 201,174 c. Annuitants 1,076,857 875,979 2,272,606 22,680,709 154,485 22,565 88,573 2. Total Actuarial Accrued Liability $2,633,477 $1,171,084 $5,552,449 $42,065,068 $1,488,071 $432,225 $1,334,121 3. Actuarial value of assets 2,330,790 1,374,200 3,928,559 33,467,984 1,405,814 366,470 926,587 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $302,687 ($203,116) $1, 623, 890 $ 8,597,084 $82,257 $65,755 $407,534 5. Funded Ratio: (3) / (2) 88.5% 117.3% 70.8% 79.6% 94.5% 84.8% 69.5% 6. Annual Payroll $787,974 $306,816 $1,479,624 $7,877,762 $980,006 $874,950 $2,046,658 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.36°% 4.60°% 10.95°% 7.92°% 6.46°% 5.14% 1.04°% Prior Service 2.47°% - 4.23°% 7.17°% 6.26°% 0.48°% 0.47°% 1.28°% Total Retirement 10.83°% 0.37% 18.12°% 14.18°% 6.94°% 5.61°% 2.32°% Supplemental Death 0.22°% 0.23°% 0.25°% 0.20°% 0.16°% 0.08°% 0.08°% Total Rate 11.05% 0.60% 18.37°% 14.38°% 7.10°% 5.69% 2.40°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1021% N/A 17.86% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 13.50% 9.50% N/A N/A 11.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 23.2 years 25.0 years 23.3 years 28.0 years 28.1 years 24.3 years 23.2 years Number of annuitants 16 11 19 142 4 3 1 Number of active contributing members 19 13 32 169 22 23 56 Number of inactive members 5 6 39 106 23 25 22 Average age of contributing members 45.7 years 46.6 years 46.1 years 41.8 years 39.5 years 35.3 years 36.4 years Average length of service of contributing members 9.0 years 4.9 years 8.7 years 9.3 years 5.4 years 4.5 years 5.9 years Page 41 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 42 of 63 Pampa Panhandle Panorama Village Pantego Paris Parker Pasadena SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $19,520,390 $1,387,487 $826,447 $2,805,477 $26,922,480 $1,684,834 $194,932,570 b. Noncontributing Members 2,086,292 540,873 1,821 2,588,361 5,486,072 183,659 25,446,086 c. Annuitants 21,109,738 1,041,105 946,030 9,287,036 25,063,490 1,201,275 182,496,255 2. Total Actuarial Accrued Liability $42,716,420 $2,969,465 $1,774,298 $14,680,874 $57,472,042 $3,069,768 $402,874,911 3. Actuarial value of assets 29,260,657 2,194,233 1,724,238 11,956,713 54,533,451 2,244,079 371,656,066 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $13,455,763 $775,232 $50,060 $2,724,161 $2,938,591 $825,689 $31,218,845 5. Funded Ratio: (3) / (2) 68.5% 73.9% 97.2% 81A% 94.9% 73.1% 92.3% 6. Annual Payroll $7,346,507 $814,803 $574,721 $2,220,179 $11,810,674 $1,223,925 $58,012,648 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.00% 7.32% 5.74% 11.01% 4.19% 7.50% 9.31% Prior Service 12.55% 5.73% 0.73% 7.48% 2.78% 4.73% 4.35% Total Retirement 21.55% 13.05% 6.47°% 18.49% 6.97% 12.23% 13.66% Supplemental Death 0.22% 0.00% 0.41% 0.14% 023% 0.24°% 022% Total Rate 21.77°% 13.05% 6.88°% 18.63% 7.20% 12.47°% 13.88% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 6.57% 17.97% 6.46% 11.94% 13.42% Statutory Maximum Rate (Total Retirement Only) N/A N/A 12.50% N/A N/A 13.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.1 years 25.8 years 15.9 years 28.2 years 11.0 years 20.4 years 17.1 years Number of annuitants 140 11 12 45 203 6 698 Number of active contributing members 160 16 11 40 261 21 970 Number of inactive members 96 10 1 83 126 11 265 Average age of contributing members 41.5 years 45.9 years 50.8 years 40.3 years 43.6 years 49.3 years 44.0 years Average length of service of contributing members 8.7 years 12.3 years 11.4 years 8.5 years 11.5 years 12.1 years 12.5 years Page 42 of 63 Pearland Pearsall Pecos City Perryton Pflugerville Pharr Pilot Point SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $76,525,997 $2,750,914 $6,560,050 $12,192,958 $32,531,995 $41,942,018 $1,346,975 b. Noncontributing Members 12,207,713 983,645 1,234,369 1,782,628 6,932,979 5,250,255 680,843 c. Annuitants 30,317,113 1,708,865 5,232,585 6,067,778 10,529,494 25,332,720 1,417,791 2. Total Actuarial Accred Liability $119,050,823 $5,443,424 $13,027,004 $20,043,364 $49,994,468 $72,524,993 $3,445,609 3. Actuarial value of assets 97,624,734 5,137,540 12,966,989 16,983,623 39,735,885 62,699,607 3,034,392 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $21,426,089 $305,884 $60,015 $3,059,741 $10,258,583 $9,825,386 $411,217 5. Funded Ratio: (3) / (2) 82.0% 94.4% 99.5% 84.7% 79.5% 86.5% 88.1% 6. Annual Payroll $35,972,887 $2,556,229 $5,558,062 $3,757,158 $17,119,561 $24,723,154 $1,817,103 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.20°% 155°% 5.91% 8.12°% 10.10°% 5.23% 7.70°% Prior Service 3.41% 0.72°% 0.07°% 6.98% 3.43°% 2.78°% 1.29°% Total Retirement 13.61°% 3.27% 5.98°% 15.10°% 13.53°% 8.01°% 8.99°% Supplemental Death 0.12°% 0.24°% 0.25°% 0.23°% 0.14% 0.13°% 0.15°% Total Rate 13.73% 3.51% 6.23°% 15.33°% 13.67% 8.14% 9.14°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 6.07% 14.84% N/A 7.29% N/A Statutory Maximum Rate (Total Retirement Only) 13.50% 7.50% 11.50°% N/A N/A N/A 11.50 % ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 25.8 years 22.9 years 15.4 years 28.1 years 20.5 years 28.3 years Number of annuitants 174 23 55 32 55 179 17 Number of active contributing members 605 70 124 81 304 554 44 Number of inactive members 256 78 102 74 138 155 49 Average age of contributing members 41.4 years 41.9 years 43.7 years 42.5 years 42.0 years 40.1 years 40.3 years Average length of service of contributing members 9.3 years 7.2 years 6.6 years 9.9 years 9.0 years 9.2 years 5.8 years Page 42 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 43 of 63 Pineburst Pineland Piney Point village Pittsburg Plains Plainview Plano SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $2,134,235 $1,828,702 $233,520 $2,665,584 $1,068,254 $15,928,778 $511,870,160 b. Noncontributing Members 442,776 12,045 52,195 1,536,145 83,329 5,284,323 58,677,397 c. Annuitants 2,674,774 236,125 192,411 3,849,433 405,753 18,301,760 327,088,246 2. Total Actuarial Accrued Liability $5,251,785 $2,076,872 $478,126 $8,051,162 $1,557,336 $39,514,861 $897,635,803 3. Actuarial value of assets 3,984,113 1,939,954 430,622 6,710,607 1,586,783 35,154,058 783,207,919 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $1,267,672 $136,918 $47,504 $1,340,555 ($29,447) $4,360,803 $114,427,884 5. Funded Ratio: (3) / (2) 75.9% 914% 90.1% 833% 101.9% 89.0% 87.3% 6. Annual Payroll $1,036,303 $429,437 $404,180 $1,446,055 $331,237 $6,268,589 $146,520,796 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 11.80% 5.38% 6.54% 8.73% 7.91% 9.21% 11.35% Prior Service 7.64% 4.84% 1.34% 7.69% -0.55% 4.98% 5.97% Total Retirement 19.44% 10.22% 7.88°% 16.42% 7.36% 14.19% 17.32% Supplemental Death 0.25% 0.34% 0.46°% 0.20% 0.16% 0.00% 0.00 % Total Rate 19.69°% 10.56% 8.34°% 16.62% 7.52% 1419°% 17.32% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 18.96 % N/A 8.03% 16.05% 6.72% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.0 years 7.6 years 10.7 years 17.4 years 25.0 years 21.3 years 18.0 years Number of annuitants 26 5 5 22 4 103 1,011 Number of active contributing members 21 12 6 36 7 140 2,243 Number of inactive members 11 3 5 28 3 45 844 Average age of contributing members 45.6 years 52.0 years 55.6 years 40.9 years 44.6 years 45.1 years 43.9 years Average length of service of contributing members 10.5 years 17.9 years 8.3 years 7.6 years 16.3 years 10.7 years 12.5 years Page 43 of 63 Pleasanton Point. Ponder Port Aransas Port Arthur Port Isabel Port Lavaca SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,644,750 $94,364 $553,822 $6,887,360 $87,906,637 $2,673,796 $4,443,837 b. Noncontributing Members 2,154,709 118,822 62,501 989,649 9,213,285 703,728 1,580,647 c. Annuitants 6,913,243 150,118 58,642 4,939,722 85,520,921 1,278,736 4,394,556 2. Total Actuarial Accrued Liability $15,712,702 $363,304 $674,965 $12,816,731 $182,640,843 $4,656,260 $10,419,040 3. Actuarial value of assets 10,999,935 267,939 596,421 9,785,167 154,421,444 4,731,181 9,516,462 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $4,712,767 $95,365 $78,544 $3,031,564 $28,219,399 ($74,921) $902,578 5. Funded Ratio: (3) / (2) 70.0% 73.8% 88.4% 76.3% 84.5% 101.6% 91.3% 6. Annual Payroll $4,392,782 $293,746 $468,434 $5,108,098 $32,172,154 $2,455,081 $4,004,003 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.91% 9.77°% 5.21% 8.37°% 6.92°% 4.08% 4.73°% Prior Service 6.41°% 3.22°% 1.26°% 3.40°% 6.71°% - 0.19°% 1.29°% Total Retirement 16.32°% 12.99% 6.47°% 11.77°% 13.63°% 3.89°% 6.02% Supplemental Death 0.17°% 0.00°% 0.36°% 0.23°% 0.25% 018°% 0.23°% Total Rate 16.49% 12.99°% 6.83°% 12.00°% 13.88% 4.07% 6.25°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 6.36% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 13.50% N/A 12.50% N/A 9.50% 9.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 26.1 years 13.3 years 18.4 years 28.1 years 18.0 years 25.0 years 28.1 years Number of annuitants 32 2 2 40 435 17 57 Number of active contributing members 100 9 10 119 528 78 94 Number of inactive members 59 16 6 59 106 69 89 Average age of contributing members 40.4 years 37.3 years 53.7 years 46.5 years 47.3 years 41.1 years 39.8 years Average length of service of contributing members 7.1 years 2.0 years 12.1 years 6.7 years 13.8 years 7.3 years 7.8 years Page 43 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 44 of 63 Port Neches Portland Post Poteet Path Pottsboro Premont SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $22,744,234 $14,948,732 $1,237,218 $401,265 $330,321 $662,861 $415,819 b. Noncontributing Members 981,362 1,877,227 184,181 406,447 70,579 131,358 39,666 c. Annuitants 19,544,542 6,647,242 418,937 341,083 201,187 218,257 483,445 2. Total Actuarial Accrued Liability $43,270,138 $23,473,201 $1,840,336 $1,148,795 $602,087 $1,012,476 $938,930 3. Actuarial value of assets 40,051,171 17,475,949 1,367,716 1,380,316 491,954 900,922 1,003,533 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $3,218,967 $5,997,252 $472,620 ($231,521) $110,133 $111,554 ($64,603) 5. Funded Ratio: (3) / (2) 916% 74.5% 74.3% 1202% 81.7% 89.0% 106.9% 6. Annual Payroll $6,376,915 $6,080,426 $591,498 $761,080 $405,595 $822,257 $553,091 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.72% 8.14% 4.04% 3.52% 2.45% 5.95% 1.43% Prior Service 3.37% 6.36% 6.70% -1.87% 1.82% 0.82% -0.72% Total Retirement 12.09% 14.50% 10.74% 1.65% 4.27% 6.77°% 0.71% Supplemental Death 0.00% 0.19% 0.54°% 0.27% 0.34% 0.15% 025% Total Rate 12.09°% 14.69% 11.28°% 1.92°% 4.61% 6.92°% 0.96% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 11.12% 1 .74 % 4.38% 6.16% O.87% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 9.50°% 9.50% 13.50% T50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 22.5 years 23.1 years 16.3 years 25.0 years 21.8 years 25.7 years 25.0 years Number of annuitants 74 51 10 6 4 9 11 Number of active contributing members 95 123 13 25 11 20 19 Number of inactive members 18 77 8 35 7 16 14 Average age of contributing members 41.9 years 43.5 years 53.4 years 43.5 years 45.6 years 43.2 years 48.3 years Average length of service of contributing members 14.8 years 10.9 years 14.8 years 5.8 years 6.7 years 9.0 years 8.3 years Page 44 of 63 Presidio Primera Princeton Prosper Providence Village Quanah Queen City SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $792,808 $423,640 $2,389,049 $8,706,785 $60,742 $1,489,048 $353,432 b. Noncontributing Members 205,140 29,164 614,146 2,906,857 0 64,264 214,286 c. Annuitants 179,559 64,245 1,609,541 530,689 0 1,515,964 4,840 2. Total Actuarial Accred Liability $1,177,507 $517,049 $4,612,736 $12,144,331 $60,742 $3,069,276 $572,558 3. Actuarial value of assets 1,281,608 559,824 4,372,257 9,837,851 4,752 2,769,061 619,389 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($104,101) ($42,775) $240,479 $2,306,480 $55,990 $300,215 ($46,831) 5. Funded Ratio: (3) / (2) 108.8% 108.3% 94.8% 81.0% 7.8% 90.2% 108.2% 6. Annual Payroll $1,427,497 $571,022 $2,153,351 $8,119,499 $374,870 $564,919 $503,418 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.38°% 1.24% 10.02°% 12.31°% 537°% 4.56°% 2.53°% Prior Service - 0.45% - 0.46°% 0.64°% 1.66% 1.80°% 5.43°% -0.57% Total Retirement 0.93°% 0.78% 10.66°% 13.97% 7.17°% 9.99°% 1.97.7 Supplemental Death 0.19°% 0.18°% 0.14°% 0.00% 0.19°% 0.34°% 0.24% Total Rate 1.12% 0.96°% 10.80°% 13.97% 7.36°% 10.33% 2.20% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A 13.46% N/A N/A 119% Statutory Maximum Rate (Total Retirement Only) N/A 7.50% 13.50% 13.50% N/A N/A T50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 25.0 years 28.0 years 27.1 years 10.0 years 13.1 years 25.0 years Number of annuitants 5 3 14 11 0 13 2 Number of active contributing members 40 19 44 121 5 17 12 Number of inactive members 24 9 25 54 0 4 22 Average age of contributing members 46.2 years 41.4 years 42.7 years 41.3 years 46.6 years 44.6 years 44.7 years Average length of service of contributing members 7.3 years 7.6 years 6.0 years 8.7 years 9.0 years 13.0 years 6.6 years Page 44 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 45 of 63 Quinlan Quintana Quitaque Quitman Ralls Rancho Viejo Ranger SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $332,361 $26,389 $175,821 $2,336,080 $506,158 $1,189,744 $1,137,232 b. Noncontributing Members 37,770 46,449 0 182,824 165,542 111,378 371,036 c. Annuitants 52,437 0 36,223 1,239,829 869,608 1,107,035 246,576 2. Total Actuarial Accrued Liability $422,568 $72,838 $212,044 $3,758,733 $1,541,308 $2,408,157 $1,754,844 3. Actuarial value of assets 366,316 67,972 177,938 3,546,897 1,439,464 2,301,394 1,740,015 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $56,252 $4,866 $34,106 $211,836 $101,844 $106,763 $14,829 5. Funded Ratio: (3) / (2) 86.7% 933% 83.9% 94.4% 93.4% 95.6% 99.2% 6. Annual Payroll $612,164 $104,363 $111,629 $984,263 $409,898 $536,294 $878,759 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.55% 1.92% 1.95% 6.56% 5.26% 5.11% 8.01% Prior Service 0.58% 0.68% 3.78% 2.06% 1.85% 2.30% 0.09% Total Retirement 10.13% 2.60% 5.73°% 8.62% 7.11% 7,41°% 8.10% Supplemental Death 0.09% 0.08% 0.29% 0.19% 0.35% 0.08°% 0.00 % Total Rate 10.22°% 2.68% 6.02°% 8.81°% 7.46% 7.49°% 8.10% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 2.31% 5.37°% &79% N/A 6.81% N/A Statutory Maximum Rate (Total Retirement Only) 12.50% N/A N/A 11.50% 9.50% 11.50°% 12.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 239 years 8.0 years 9.7 years 13.3 years 21.1 years 10.5 years 30.0 years Number of annuitants 2 0 1 12 9 2 6 Number of active contributing members 16 3 4 23 13 10 27 Number of inactive members 18 3 0 9 16 5 60 Average age of contributing members 38.3 years 461 years 58.8 years 45.4 years 43.0 years 36.3 years 43.0 years Average length of service of contributing members 5.2 years 2.7 years 12.6 years 10.9 years 5.8 years 10.6 years 4.5 years Page 45 of 63 Rankin Ransom Canyon Raymondville Red Oak Redwater Refugio Rekiaw SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $98,660 $1,249,197 $2,476,143 $4,445,585 $145,133 $783,729 $775,461 b. Noncontributing Members 103,553 57,565 536,447 1,231,300 87,843 55,594 305,907 c. Annuitants 440,480 318,852 4,726,432 1,035,732 0 834,461 139,849 2. Total Actuarial Accrued Liability $642,693 $1,625,614 $7,739,022 $6,712,617 $232,976 $1,673,784 $1,221,217 3. Actuarial value of assets 666,178 937,176 8,692,244 5,788,348 193,676 2,242,415 965,678 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($23,485) $688,438 ($953,222) $924,269 $39,300 ($568,631) $255,539 5. Funded Ratio: (3) / (2) 103.7% 57.7% 112.3% 86.2% 83.1% 134.0% 79.1% 6. Annual Payroll $219,016 $515,706 $2,263,318 $4,999,605 $257,806 $1,207,696 $250,839 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.86°% 5.21°% 4.38% 5.08°% M4°% 0.99% 837°% Prior Service - 0.66% 10.12°% - 2.59°% 1.09% 1.21°% - 0.99°% 9.42°% Total Retirement 1.20°% 15.33% 1.79°% 6.17% 4.35°% 0.00°% 17.79% Supplemental Death 0.26°% 0.21°% 0.27°% 0.13°% 0.24°% 0.00°% 0.36°% Total Rate 1.46% 15.54°% 2.06°% 6.30% 4.59°% 0.00% 18.15°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 15.11% 1.25% 5.94% 4.33% N/A 17.20% Statutory Maximum Rate (Total Retirement Only) 7.50% N/A 15.50°% 12.50% N/A 7.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 18.2 years 25.0 years 26.7 years 17.1 years 25.0 years 15.1 years Number of annuitants 3 2 51 17 0 18 3 Number of active contributing members 4 11 72 84 7 31 6 Number of inactive members 2 1 27 52 3 8 3 Average age of contributing members 47.6 years 47.5 years 41.0 years 41.3 years 53.2 years 40.4 years 51.2 years Average length of service of contributing members 6.4 years 13.0 years 6.6 years 9.1 years 5.1 years 7.8 years 12.9 years Page 45 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 46 of 63 Reno (Lamar County) Reno (Parker County) Rhome Rice Richardson Richland Hills Richland Springs SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $440,774 $141,569 $128,647 $60,732 $226,449,249 $11,005,864 $43,263 b. Noncontributing Members 185,832 61,746 422,703 42,354 36,296,339 5,348,361 0 c. Annuitants 42,028 7,148 315,569 56,806 216,612,538 12,653,742 144,415 2. Total Actuarial Accrued Liability $668,634 $210,463 $866,919 $159,892 $479,358,126 $29,007,967 $187,678 3. Actuarial value of assets 809,940 246,213 850,421 190,496 424,808,953 25,674,425 199,875 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($141,306) ($35,750) $16,498 ($30,604) $54,549,173 $3,333,542 ($12,197) 5. Funded Ratio: (3) / (2) 121.1% 1179% 98.1% 119.1% 88.6% 88.5% 106.5% 6. Annual Payroll $464,386 $510,399 $583,484 $313,697 $69,001,539 $4,488,836 $10,175 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.61% 3.65% 6.67% 1.53% 7.99% 11.38% 6.82% Prior Service -1.91% -0.43% 0.23% -0.60% 6.59% 4.76% -6.82% Total Retirement 3.70% 3.22% 6.90°% 0.93% 14.58% 16.14% 0.00% Supplemental Death 0.08% 0.28% 0.13% 0.10% 0.00% 0.23% 1 .65 % Total Rate 3.78% 3.50% 7.03°% 1.03°% 14.58% 16.37°% 1.65% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 3.76% N/A 6.04% N/A 13.82% N/A N/A Statutory Maximum Rate (Total Retirement Only) 11.50% N/A 13.50% 7.50% N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 25.0 years 16.5 years 25.0 years 16.0 years 23.4 years 25.0 years Number of annuitants 1 2 8 2 615 82 1 Number of active contributing members 12 15 12 11 981 77 1 Number of inactive members 8 16 18 8 343 99 0 Average age of contributing members 40.8 years 42.3 years 42.1 years 40.9 years 43.8 years 45.6 years 72.0 years Average length of service of contributing members 9.4 years 8.2 years 3.5 years 3.2 years 13.8 years 11.1 years 23.2 years Page 46 of 63 Richmond Richwood Riesel Rio Grande City Rio Vista Rising Star River Oaks SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $18,972,560 $2,389,183 $223,080 $6,051,647 $102,949 $48,538 $6,145,064 b. Noncontributing Members 3,477,359 302,395 88,939 1,334,132 241,670 85,647 1,286,451 c. Annuitants 14,104,669 936,473 53,158 666,968 173,750 19,668 4,977,274 2. Total Actuarial Accrued Liability $36,554,588 $3,628,051 $365,177 $8,052,747 $518,369 $153,853 $12,408,789 3. Actuarial value of assets 32,404,406 3,045,336 201,893 6,600,432 422,554 212,213 10,739,213 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $4,150,182 $582,715 $163,284 $1,452,315 $95,815 ($58,360) $1,669,576 5. Funded Ratio: (3) / (2) 88.6% 83.9% 55.3% 82.0% 81.5% 137.9% 86.5% 6. Annual Payroll $7,773,182 $1,050,116 $303,272 $5,303,223 $356,907 $233,013 $2,255,693 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.16°% 7.77°% 1.76% 5.62°% 124°% 1.73% 9.65°% Prior Service 3.77°% 3.47% 4.79°% 1.57% 1.83°% - 1.54°% 5.06°% Total Retirement 13.93°% 11.24% 6.55°% 7.19% 4.07°% 0.19°% 14.71% Supplemental Death 0.15°% 0.19°% 0.31°% 0.13°% 0.16°% 0.21°% 0.29°% Total Rate 14.08% 11.43°% 6.86°% 7.32°% 4.23°% 0.40% 15.00°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 14.07% N/A 6.50% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.2 years 24.3 years 14.7 years 28.0 years 21.3 years 25.0 years 21.2 years Number of annuitants 58 12 1 10 3 1 44 Number of active contributing members 153 23 8 150 9 7 53 Number of inactive members 77 18 7 72 7 12 36 Average age of contributing members 42.0 years 44.5 years 44.2 years 40.7 years 39.0 years 41.7 years 43.7 years Average length of service of contributing members 10.4 years 10.7 years 9.8 years 6.4 years 4.9 years 3.6 years 9.7 years Page 46 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 47 of 63 Roanoke Robert Lee Robinson Robstown Robstown Utility Systems Roby Rockdale SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $20,190,180 $115,464 $8,171,641 $8,046,010 $7,666,943 $81,435 $2,877,109 b. Noncontributing Members 4,171,528 6,256 639,417 2,490,034 748,445 171,915 502,242 c. Annuitants 3,169,350 73,995 1,705,312 4,465,398 6,000,891 426,923 1,253,397 2. Total Actuarial Accrued Liability $27,531,058 $195,715 $10,516,370 $15,001,442 $14,416,279 $680,273 $4,632,748 3. Actuarial value of assets 20,717,444 122,922 7,756,641 13,422,503 11,172,817 708,542 3,719,849 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $6,813,614 $72,793 $2,759,729 $1,578,939 $3,243,462 ($28,269) $912,899 5. Funded Ratio: (3) / (2) 753% 618% 73.8% 89.5°/ 77.5% 104.2% 803% 6. Annual Payroll $9,026,507 $126,073 $3,268,837 $5,878,704 $2,376,445 $115,167 $1,833,302 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 12.59% 1.74% 9.86% 4.39% 6.86% 6.03% 7.05% Prior Service 4.30% 5.15% 4.82% 2.02% 10.01% -1.64% 2.85% Total Retirement 16.89% 6.89% 14.68% 6.41 % 16.87% 4.39°% 9.90% Supplemental Death 0.00% 0.20% 0.17°% 0.12% 0.26% 0.57% 028% Total Rate 16.89°% 7.09% 14.85°% 6.53°% 17.13% 4.96°% 10.18% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 16.53% 6.42% 14.21% N/A N/A 3.96% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 13.50% 9.50% N/A N/A 11.50 % ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.3 years 15.9 years 28.2 years 18.4 years 19.1 years 25.0 years 28.1 years Number of annuitants 20 2 16 41 37 3 21 Number of active contributing members 119 4 67 110 45 3 47 Number of inactive members 59 3 28 77 44 6 31 Average age of contributing members 41.5 years 47.7 years 42.7 years 40.0 years 43.1 years 40.5 years 47.6 years Average length of service of contributing members 11.1 years 9.0 years 9.9 years 8.4 years 13.2 years 6.9 years 9.1 years Page 47 of 63 Rockport Roeksprings Rockwall Rogers Rollingwood Roma Roscoe SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $12,419,462 $49,045 $47,542,683 $117,409 $877,801 $8,096,881 $309,314 b. Noncontributing Members 2,094,750 4,470 6,002,925 179,855 623,207 664,299 45,310 c. Annuitants 11,611,618 329,228 22,115,552 472,957 392,846 2,631,174 87,253 2. Total Actuarial Accrued Liability $26,125,830 $382,743 $75,661,160 $770,221 $1,893,854 $11,392,354 $441,877 3. Actuarial value of assets 21,976,041 406,217 62,332,722 682,590 1,743,361 9,345,351 436,848 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $4,149,789 ($23,474) $13,328,438 $87,631 $150,493 $2,047,003 $5,029 5. Funded Ratio: (3) / (2) 84.1% 106.1% 82.4% 88.6% 92.1% 82.0% 98.9% 6. Annual Payroll $5,409,694 $238,834 $18,052,127 $275,290 $799,737 $3,775,711 $329,425 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.24°% 2.60% 11.94°% 3.34°% 8.00°% 6.64°% 1.81°% Prior Service 4.81°% - 0.60°% 4.23°% 2.02% 1.37°% 4.25°% 0.16% Total Retirement 15.05°% 2.00% 16.17°% 5.36% 9.37°% 10.89°% 1.97% Supplemental Death 0.24°% 0.00°% 0.14°% 0.00% 0.21°% 0.22°% 0.27% Total Rate 15.29% 2.00°% 16.31°% 5.36% 9.58°% 11.11% 2.24% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 1.82% N/A 4.92% 9.17% N/A 100% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 1150% 11.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.2 years 25.0 years 28.1 years 23.7 years 19.3 years 17.4 years 12.7 years Number of annuitants 58 2 79 5 5 36 2 Number of active contributing members 119 7 260 8 15 129 8 Number of inactive members 57 6 80 14 16 55 3 Average age of contributing members 45.5 years 49.4 years 42.8 years 37.8 years 43.1 years 44.6 years 49.6 years Average length of service of contributing members 9.5 years 2.6 years 13.2 years 5.6 years 9.3 years 10.1 years 9.3 years Page 47 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 48 of 63 Rosebud Rosenberg Ratan Round Rock Rowlett Royse City Rule SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $110,357 $28,816,415 $321,315 $144,640,088 $54,368,535 $4,083,073 $81,689 b. Noncontributing Members 43,616 9,230,119 20,411 13,983,101 16,977,298 776,217 56,167 c. Annuitants 46,241 24,342,635 29,032 62,613,334 37,930,406 1,504,205 150,951 2. Total Actuarial Accrued Liability $200,214 $62,389,169 $370,758 $221,236,523 $109,276,239 $6,363,495 $288,807 3. Actuarial value of assets 199,166 51,231,364 482,709 181,706,192 96,425,211 4,960,024 266,212 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $1,048 $11,157,805 ($111,951) $39,530,331 $12,851,028 $1,403,471 $22,595 5. Funded Ratio: (3) / (2) 99.5°/ 811% 130.2% 811% 88.2% 77.9% 92.2% 6. Annual Payroll $377,794 $14,222,538 $227,069 $53,205,380 $22,809,428 $3,034,803 $104,857 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 1.81% 8.22% 1.27% 10.87% 9.59% 10.73% 4.16% Prior Service 0.02% 4.92% -1.27% 4.68% 3.41% 2.70% 4.72% Total Retirement 1.83% 13.14% 0.00°% 15.55% 13.00% 13.43% 8.88% Supplemental Death 0.22% 0.13% 0.27°% 0.13% 0.00% 0.16°% O.13% Total Rate 2.05% 1327% 0.27°% 15.68% 13.00% 13.59°% 9.01% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A N/A 12.92% 12.92% &63% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A N/A 13.50°% 11.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.0 years 24.2 years 25.0 years 24.0 years 25.6 years 27.2 years 5.1 years Number of annuitants 4 135 2 249 191 17 1 Number of active contributing members 12 250 5 855 357 56 3 Number of inactive members 13 146 3 318 220 33 3 Average age of contributing members 47.2 years 39.0 years 45.4 years 42.4 years 41.4 years 42.4 years 421 years Average length of service of contributing members 4.0 years 9.3 years 15.0 years 11.0 years 10.7 years 8.2 years 6.5 years Page 48 of 63 Runaway Bay Runge Rusk Sabinal Sachse Saginaw Saint Jo SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $317,075 $521,870 $2,305,413 $548,482 $11,872,439 $23,278,545 $89,143 b. Noncontributing Members 88,060 65,201 124,307 49,457 4,888,825 1,498,546 50,904 c. Annuitants 134,866 40,935 935,340 372,312 7,484,520 7,937,290 414,719 2. Total Actuarial Accrued Liability $540,001 $628,006 $3,365,060 $970,251 $24,245,784 $32,714,381 $554,766 3. Actuarial value of assets 656,173 431,417 3,317,744 972,669 20,268,466 23,086,732 571,035 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($116,172) $196,589 $47,316 ($2,418) $3,977,318 $9,627,649 ($16,269) 5. Funded Ratio: (3) / (2) 121.5% 68.7% 98.6% 100.2% 83.6% 70.6% 102.9% 6. Annual Payroll $592,236 $141,934 $1,717,124 $472,460 $7,529,475 $7,944,844 $264,530 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.64% 5.11°% 6.49% 3.16°% 11.03°% 9.73% 6.01°% Prior Service - 1.31°% 13.20°% 0.17°% -0.03% 3.02°% 7.82°% - 0.38°% Total Retirement 2.33°% 18.31% 6.66°% 3.13% 14.05°% 17.55°% 5.63°% Supplemental Death 0.26°% 0.50°% 0.15°% 0.28°% 0.13°% 0.16°% 0.19°% Total Rate 2.59% 18.81°% 6.81°% 3.41°% 14.18% 17.71% 5.82°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 18.13% N/A N/A N/A N/A 5.38% Statutory Maximum Rate (Total Retirement Only) 9.50% N/A 10.50% 9.50% 13.50% N/A 10.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 14.1 years 24.8 years 25.0 years 28.2 years 23.1 years 25.0 years Number of annuitants 7 1 14 6 56 45 6 Number of active contributing members 14 5 40 17 136 144 9 Number of inactive members 14 4 12 25 117 60 10 Average age of contributing members 46.5 years 61.0 years 45.1 years 43.6 years 43.4 years 42.1 years 35.3 years Average length of service of contributing members 7.0 years 11.7 years 10.1 years 7.6 years 9.4 years 12.3 years 2.0 years Page 48 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 49 of 63 Salado San Angelo San Antonio San Antonio Water System San Augustine San Benito San Felipe SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $238,963 $89,069,231 $707,989,618 $89,271,726 $2,324,045 $5,814,971 $151,482 b. Noncontributing Members 183,595 11,382,211 117,123,963 14,055,149 607,643 1,558,983 133,486 c. Annuitants 104,335 116,549,112 665,064,730 85,296,750 1,765,664 4,770,303 0 2. Total Actuarial Accrued Liability $526,893 $217,000,554 $1,490,178,311 $188,623,625 $4,697,352 $12,144,257 $284,968 3. Actuarial value of assets 504,704 173,498,566 1,288,232,218 164,890,693 4,251,128 10,372,072 234,117 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $22,189 $43,501,988 $201,946,093 $23,732,932 $446,224 $1,772,185 $50,851 5. Funded Ratio: (3) / (2) 95.8% 80.0% 86.4% 8T4°% 90.5% 85.4% 82.2% 6. Annual Payroll $575,904 $32,888,525 $335,520,181 $99,961,158 $1,030,383 $5,972,044 $194,066 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 7.08% 8.55% 6.87% 2.09% 8.01% 3.73% 1.60% Prior Service 0.25% 9.13% 4.48% 1.58% 3.01% 1.90% 2.40% Total Retirement 7.33% 17.68% 11.35% 3.67% 11.02% 5.63% 4.00% Supplemental Death 0.20% 0.00% 0.00% 0.00% 0.26% 0.20% O14% Total Rate 7.53% 17.68% 11.35% 3.67% 11.28% 5.83% 4.14% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 7.30% 17.59% 10.97% N/A 10.95% 5.60% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 5.50% 13.50% 11.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 229 years 21.4 years 18.7 years 22.0 years 20.6 years 23.4 years 14.1 years Number of annuitants 4 591 4,291 1,117 18 71 0 Number of active contributing members 14 717 6,557 1,666 28 157 5 Number of inactive members 10 330 2,374 528 22 96 6 Average age of contributing members 46.4 years 43.0 years 45.5 years 45.5 years 50.6 years 42.9 years 44.0 years Average length of service of contributing members 7.2 years 10.1 years 11.2 years 14.0 years 8.4 years 9.1 years 7.2 years Page 49 of 63 San Juan San Marcos San Saba Sanger Sansom Park Santa Fe Savoy SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,437,807 $107,342,680 $2,710,488 $5,791,401 $564,159 $7,271,057 $38,103 b. Noncontributing Members 1,969,681 15,403,670 376,964 465,449 843,343 1,438,020 101,017 c. Annuitants 2,041,377 59,022,522 2,627,334 1,732,809 433,168 2,661,264 55,345 2. Total Actuarial Accrued Liability $10,448,865 $181,768,872 $5,714,786 $7,989,659 $1,840,670 $11,370,341 $194,465 3. Actuarial value of assets 10,563,452 143,735,753 4,901,987 6,982,498 1,871,351 8,728,418 275,968 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($114,587) $38,033,119 $812,799 $1,007,161 ($30,681) $2,641,923 ($81,503) 5. Funded Ratio: (3) / (2) 101.1% 79.1% 85.8% 87.4% 101.7°% 76.8% 141.9% 6. Annual Payroll $8,013,286 $36,060,813 $1,848,980 $3,367,107 $1,369,436 $3,207,843 $86,531 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 2.73°% 10.26°% 6.02°% 6.14°% 6.81°% 6.91°% 3.57°% Prior Service - 0.09°% 7.24% 2.52°% 1.73°% - 0.14°% 5.16% - 3.57°% Total Retirement 2.64°% 17.50% 8.54°% 7.87% 6.67°% 12.07°% 0.00% Supplemental Death 0.15°% 0.16°% 0.19°% 0.14°% 0.13°% 0.00°% 0.12°% Total Rate 2.79% 17.66°% 8.73°% 8.01°% 6.80°% 12.07% 0.12°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 155% N/A N/A T77% 5.47% N/A N/A Statutory Maximum Rate (Total Retirement Only) 10.50% N/A 10.50% 12.50 % 11.50% N/A 10.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 21.0 years 28.0 years 27.6 years 25.0 years 24.2 years 25.0 years Number of annuitants 46 245 22 12 11 19 2 Number of active contributing members 209 593 47 65 38 61 4 Number of inactive members 114 244 16 22 83 58 9 Average age of contributing members 42.0 years 42.4 years 42.5 years 41.7 years 37.8 years 42.8 years 401 years Average length of service of contributing members 8.7 years 10.6 years 7.8 years 11.8 years 3.9 years 10.9 years 2.3 years Page 49 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 50 of 63 Schertz Schulenburg Seabrook Seadrift Seagoville Seagraves Sealy SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $34,233,034 $4,802,012 $17,896,759 $506,728 $9,306,037 $544,036 $6,587,046 b. Noncontributing Members 4,779,586 906,208 1,630,330 11,591 1,364,952 93,677 3,565,917 c. Annuitants 16,106,612 7,161,572 12,865,442 55,804 4,564,440 1,231,683 3,343,569 2. Total Actuarial Accrued Liability $55,119,232 $12,869,792 $32,392,531 $574,123 $15,235,429 $1,869,396 $13,496,532 3. Actuarial value of assets 39,338,018 10,397,131 27,994,051 440,562 13,328,624 1,578,660 11,009,639 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $15,781,214 $2,472,661 $4,398,480 $133,561 $1,906,805 $290,736 $2,486,893 5. Funded Ratio: (3) / (2) 71 A% 80,8% 86.4% 763% 87.5% 84.4% 81.6% 6. Annual Payroll $16,309,269 $1,578,074 $5,772,759 $411,155 $4,455,316 $714,962 $2,918,535 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.33% 10.01% 9.46% 1.36% 7.90% 7.43% 10.19% Prior Service 5.54% 12.55% 5.91% 3.25% 2.73% 2.33% 4.88% Total Retirement 15.87% 22.56% 15.37°% 4.61 % 10.63% 9.76% 15.07% Supplemental Death 0.13% 0.25% 0.17% 0.16% 0.18% 0.36% M6% Total Rate 16.00°% 22.81% 15.54°% 4.77°% 10.81% 1012°% 15.23% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 22.69% 14.75% 4M% 10.21% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 13.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 17.4 years 17.6 years 12.6 years 23.5 years 28.1 years 28.1 years Number of annuitants 79 26 58 3 50 13 20 Number of active contributing members 312 35 88 10 91 18 54 Number of inactive members 138 18 30 4 54 31 39 Average age of contributing members 40.9 years 46.4 years 43.9 years 46.9 years 43.1 years 44.9 years 41.7 years Average length of service of contributing members 9.3 years 12.2 years 12.4 years 12.3 years 11.1 years 6.5 years 9.2 years Page 50 of 63 Seguin Selma Seminole Seven Points Seymour Shady Shores Shallowater SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $40,192,291 $9,013,684 $7,176,624 $243,667 $1,207,392 $14,752 $400,133 b. Noncontributing Members 5,184,840 1,679,965 2,125,852 111,270 211,774 0 511,982 c. Annuitants 34,975,354 4,829,854 5,471,969 798,444 2,750,077 0 261,669 2. Total Actuarial Accrued Liability $80,352,485 $15,523,503 $14,774,445 $1,153,381 $4,169,243 $14,752 $1,173,784 3. Actuarial value of assets 62,841,567 12,354,513 13,000,751 1,366,118 3,634,924 15,977 1,197,423 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $17,510,918 $3,168,990 $1,773,694 ($212,737) $534,319 ($1,225) ($23,639) 5. Funded Ratio: (3) / (2) 78.2% 79.6% 88.0% 118.4% 87.2% 108.3% 102.0% 6. Annual Payroll $17,902,888 $5,104,862 $2,838,727 $568,399 $1,059,740 $102,218 $592,547 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 8.16°% 11.l2% 8.64°% 8.11°% 3.56°% 2.14% 3.69°% Prior Service 7.88°% 3.54% 4.17°% - 2.30°% 4.42°% - 0.07°% - 0.24°% Total Retirement 16.04°% 14.66% 12.81°% 5.81% 7.98°% 2.07°% 3.45°% Supplemental Death 0.18°% 0.12°% 0.24°% 0.12°% 0.29°% 0.06°% 0.19°% Total Rate 16.22% 14.78°% 13.05°% 5.93°% 8.27°% 2.13% 3.64°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 16.03% N/A N/A 4.54% N/A N/A 3.53% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 13.50% 8.50% N/A M0% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 16.7 years 28.3 years 21.9 years 25.0 years 16.0 years 25.0 years 25.0 years Number of annuitants 213 17 25 9 27 0 5 Number of active contributing members 348 84 59 20 32 2 15 Number of inactive members 137 33 41 19 16 0 11 Average age of contributing members 42.2 years 39.1 years 42.0 years 38.9 years 45.7 years 43.7 years 44.0 years Average length of service of contributing members 10.1 years 8.9 years 8.1 years 1.9 years 7.9 years 7.5 years 5.2 years Page 50 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 51 of 63 Shamrock Shavano Park Shenandoah Shepherd Sherman Shiner Shoreacres SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $947,442 $2,916,827 $6,042,437 $266,806 $59,416,166 $1,841,825 $421,720 b. Noncontributing Members 25,111 1,823,228 2,147,253 66,608 8,334,138 406,785 672,383 c. Annuitants 1,221,393 1,266,248 2,872,637 80,850 62,131,803 1,545,053 488,872 2. Total Actuarial Accrued Liability $2,193,946 $6,006,303 $11,062,327 $414,264 $129,882,107 $3,793,663 $1,582,975 3. Actuarial value of assets 1,642,725 5,147,027 7,401,391 542,985 112,508,561 3,251,352 1,634,402 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $551,221 $859,276 $3,660,936 ($128,721) $17,373,546 $542,311 ($51,427) 5. Funded Ratio: (3) / (2) 74.9% 85.7% 66.9% 131.1% 86.6% 85.7% 1012% 6. Annual Payroll $970,005 $2,325,054 $3,487,728 $308,324 $21,711,220 $1,067,919 $753,839 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.14% 11.48% 11.76% 5.14% 8.76% 3.37% 6.08% Prior Service 4.00% 2.13% 6.00% -2.56% 5.40% 4.03% -0.43% Total Retirement 7.14% 13.61% 17.76°% 2.58°/ 14.16% 7,40°% 5.65% Supplemental Death 0.43% 0.12% 0.13°% 0.14% 0.20% 0.35% M9% Total Rate 7.57% 13.73% 17.89°% 2.72°% 1436% 7.75°% 5.84% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 12.34% 16.95% N/A 13.99% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 13.50% N/A 11.50% N/A N/A M0% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.3 years 27.8 years 28.2 years 25.0 years 21.9 years 17.1 years 25.0 years Number of annuitants 16 22 17 1 291 13 5 Number of active contributing members 27 46 51 10 397 28 13 Number of inactive members 9 84 35 4 135 10 17 Average age of contributing members 50.5 years 39.8 years 41.8 years 47.9 years 43.1 years 49.4 years 48.7 years Average length of service of contributing members 6.9 years 8.0 years 9.7 years 6.3 years 11.2 years 12.8 years 4.9 years Page 51 of 63 Silsbee Silverton Sinton Skellytown Slaton Smithviile Smyer SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $7,995,263 $12,794 $3,913,537 $17,998 $3,760,713 $2,723,783 $209,799 b. Noncontributing Members 1,300,276 37,931 1,247,422 63,268 704,664 1,153,940 0 c. Annuitants 7,590,801 727,352 3,075,166 90,897 2,566,970 1,254,132 0 2. Total Actuarial Accrued Liability $16,886,340 $778,077 $8,236,125 $172,163 $7,032,347 $5,131,855 $209,799 3. Actuarial value of assets 13,007,234 814,361 6,361,177 219,601 7,022,401 4,596,182 190,275 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $3,879,106 ($36,284) $1,874,948 ($47,438) $9,946 $535,673 $19,524 5. Funded Ratio: (3) / (2) 77.0% 104.7% 77.2% 127.6% 99.9% 89.6% 90.7% 6. Annual Payroll $2,756,986 $92,409 $2,392,981 $141,461 $1,957,662 $2,229,867 $83,523 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.45°% 5.61°% 8.14°% 3.72°% 6.58°% 4.86% 6.06°% Prior Service 8.84°% - 2.66°% 4.49°% - 2.06°% 0.03°% 1.66°% 4.32°% Total Retirement 18.29°% 2.95% 12.63°% 1.66% 6.61°% 6.52°% 10.38% Supplemental Death 0.00°% 0.18°% 0.20°% 0.14°% 0.27°% 0.22°% 0.13°% Total Rate 18.29% 3.13% 12.83°% 1.80% 6.88°% 6.74% 10.51°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1827% 3.08% N/A L66% 6.78% 6.73% M6% Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A 9.50°% 12.50% 9.50°% 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.1 years 25.0 years 28.0 years 25.0 years 27.1 years 20.8 years 6.1 years Number of annuitants 44 3 18 2 28 26 0 Number of active contributing members 60 3 62 5 49 59 3 Number of inactive members 20 3 40 12 32 51 0 Average age of contributing members 42.4 years 38.8 years 40.3 years 43.5 years 43.2 years 45.3 years 54.3 years Average length of service of contributing members 10.1 years 3.1 years 7.0 years 1.0 years 9.1 years 7.9 years 12.9 years Page 51 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 52 of 63 Snyder Somerset Somerville Sonora Sour Lake South Houston South Padre Island SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $12,615,980 $97,331 $366,292 $1,208,829 $581,556 $13,468,752 $18,265,944 b. Noncontributing Members 2,372,946 59,787 184,834 565,341 137,150 1,402,235 4,444,486 c. Annuitants 14,526,583 96,136 501,241 2,335,134 593 7,392,199 6,590,000 2. Total Actuarial Accrued Liability $29,515,509 $253,254 $1,052,367 $4,109,304 $719,299 $22,263,186 $29,300,430 3. Actuarial value of assets 25,015,770 253,520 1,048,616 3,668,058 814,496 19,836,997 27,040,731 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $4,499,739 ($266) $3,751 $441,246 ($95,197) $2,426,189 $2,259,699 5. Funded Ratio: (3) / (2) 84.8% 1001% 99.6% 893% 113.2% 89.1% 92.3% 6. Annual Payroll $4,832,731 ^5-309,765 $560,661 $1,238,427 $580,624 $4,885,691 $7,953,846 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.91% 3.01% 5.36% 6.92% 6.76% 6.37% 10.87% Prior Service 5.86% 0.22% 0.04% 2.04% -1.01% 4.77% 1.62% Total Retirement 15.77% 3.23% 5.40% 8.96% 5.75% 11.14% 12.49% Supplemental Death 0.20% 0.22% 0.31% 0.27% 0.33% 0.22% M7% Total Rate 15.97% 3.45% 5.71% 9.23% 6.08% 11.36% 12.66% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A N/A 5.53% N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 9.50% 9.50% N/A 13.50% N/A 13.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.0 years 0.0 years 26.1 years 28.1 years 25.0 years 13.3 years 28.3 years Number of annuitants 51 4 11 27 1 56 43 Number of active contributing members 90 11 15 34 14 118 166 Number of inactive members 43 26 10 24 33 45 83 Average age of contributing members 42.7 years 44.5 years 51.2 years 46.5 years 48.4 years 46.8 years 43.6 years Average length of service of contributing members 9.6 years 2.9 years 7.0 years 6.1 years 10.5 years 11.6 years 9.2 years Page 52 of 63 Southlake Southmayd Southside Place Spearman Spring Valley Village Springtown Spur SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $47,115,038 $100,251 $2,462,430 $1,299,814 $3,924,719 $1,837,886 $561,921 b. Noncontributing Members 12,103,819 0 362,982 867,155 2,284,514 1,313,659 118,628 c. Annuitants 20,103,378 0 1,761,058 3,327,747 3,945,335 600,073 143,269 2. Total Actuarial Accrued Liability $79,322,235 $100,251 $4,586,470 $5,494,716 $10,154,568 $3,751,618 $823,818 3. Actuarial value of assets 69,352,056 11,777 3,849,447 4,916,738 9,719,170 3,864,762 737,065 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $9,970,179 $88,474 $737,023 $577,978 $435,398 ($113,144) $86,753 5. Funded Ratio: (3) / (2) 87.4% 11.7% 83.9% 89.5% 95.7% 103.0% 89.5% 6. Annual Payroll $21,205,759 $167,542 $1,276,932 $933,368 $2,454,771 $1,523,933 $323,872 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.46% 115% 8.41% 8.95% 6.49% 10.21% 2.68% Prior Service 2.68% 5.89% 3.28% 3.55% 1.01% -0.46% 3.37% Total Retirement 12.14% 8.04% 11.69% 12.50% 7.50% 9.75% 6.05% Supplemental Death 0.13% 0.32% 0.20% 0.28% 0.24% 0.19% 0.20% Total Rate 12.27% 8.36% 11.89% 12.78% 7.74% 9.94% 6.25% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1113% 8.34% 11.61% 1174% 6.91% N/A 5.87% Statutory Maximum Rate (Total Retirement Only) 13.50% N/A N/A 13.50% N/A 13.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.3 years 11.0 years 28.5 years 28.0 years 28.4 years 25.0 years 9.7 years Number of annuitants 98 0 12 19 20 12 1 Number of active contributing members 320 6 22 25 37 39 11 Number of inactive members 149 0 13 45 25 44 9 Average age of contributing members 41.2 years 47.8 years 47.5 years 44.2 years 45.7 years 44.9 years 53.6 years Average length of service of contributing members 10.9 years 5.8 years 9.1 years 6.7 years 13.7 years 6.2 years 11.2 years Page 52 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 53 of 63 Stafford Stamford Stanton Star Harbor Stephenville Sterling City Stinnett SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $16,421,933 $1,017,435 $1,842,220 $295,267 $19,367,185 $245,270 $490,034 b. Noncontributing Members 3,154,420 381,883 599,545 365,218 4,336,938 24,463 707,098 c. Annuitants 16,643,380 1,615,056 476,875 144,713 16,220,273 187,319 479,055 2. Total Actuarial Accrued Liability $36,219,733 $3,014,374 $2,918,640 $805,198 $39,924,396 $457,052 $1,676,187 3. Actuarial value of assets 31 ,174,641 3,082,835 2,563,578 759,770 34,874,775 457,614 2,037,683 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $5,045,092 ($68,461) $355,062 $45,428 $5,049,621 ($562) ($361,496) 5. Funded Ratio: (3) / (2) 96.1% 102.3% 87.8% 94A% 87.4% 100.1% 121.6% 6. Annual Payroll $7,738,679 $-789,387 $983,811 $210,001 $7,362,892 $218,698 $657,750 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 11.07% 5.89% 4.71% 7.88% 9.27% 1.44% 2.83% Prior Service 3.97% -0.53% 3.43% 1.63% 5.02% -0.02% -2.83% Total Retirement 15.04% 5.36% 8.14°% 9.51% 14.29% 1.42% 0.00% Supplemental Death 0.19% 0.47% 0.23°% 0.30% 0.19% 0.00% (t17% Total Rate 15.23°% 5.83% 8.37°% 9.81°% 14.48% 1.42°% 0.17% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1521% N/A N/A N/A N/A 1.14% N/A Statutory Maximum Rate (Total Retirement Only) N/A 9.50% 9.50% N/A N/A 7.50% 9.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.3 years 25.0 years 13.5 years 18.4 years 19.1 years 25.0 years 25.0 years Number of annuitants 68 23 6 5 75 4 7 Number of active contributing members 145 23 18 6 140 6 16 Number of inactive members 51 30 9 7 82 2 16 Average age of contributing members 43.6 years 50.3 years 45.6 years 46.6 years 43.1 years 50.9 years 41.5 years Average length of service of contributing members 9.4 years 8.3 years 11.8 years 7.8 years 11.6 years 11.7 years 4.5 years Page 53 of 63 Stockdale Stratford Sudan Sugar Land Sulphur Springs Sundown Sunnyvale SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $130,278 $303,916 $422,774 $131,530,288 $19,197,469 $1,013,712 $1,379,384 b. Noncontributing Members 1,136 195,213 0 20,877,065 2,421,186 815,127 1,176,227 c. Annuitants 0 535,304 267,710 44,750,063 14,209,391 1,013,281 2,172,688 2. Total Actuarial Accred Liability $131,414 $1,034,433 $690,484 $197,157,416 $35,828,046 $2,842,120 $4,728,299 3. Actuarial value of assets 54,969 934,866 627,129 169,801,084 34,288,758 2,480,447 3,970,560 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $76,445 $99,567 $63,355 $27,356,332 $1,539,288 $361,673 $757,739 5. Funded Ratio: (3) / (2) 41.8% 90.4% 90.8% 86.1% 95.7% 87.3% 84.0% 6. Annual Payroll $351,013 $649,536 $288,482 $45,426,170 $8,052,751 $630,101 $1,804,991 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 2.00°% 5.46°% 1.24% 11.12°% 5.79°% 7.28% 9.56°% Prior Service 2.40°% 0.89% 2.77°% 3.73% 1.74°% 3.51% 2.40°% Total Retirement 4.40°% 6.35% 4.01°% 14.85°% 6.93°% 10.79°% 11.96% Supplemental Death 0.43°% 0.19°% 0.00°% 0.14°% 0.21°% 0.24°% 0.14°% Total Rate 4.83% 6.54% 4.01°% 14.99°% 7.14°% 11.03% 12.10°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 3.73% N/A 6.46% 10.75% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 7.50°% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 11.2 years 27.4 years 9.8 years 24.7 years 14.2 years 25.2 years 28.2 years Number of annuitants 0 8 3 168 102 12 15 Number of active contributing members 8 13 8 678 150 15 36 Number of inactive members 1 23 0 252 53 13 24 Average age of contributing members 54.7 years 41.7 years 45.9 years 42.4 years 44.3 years 45.9 years 41.8 years Average length of service of contributing members 14.8 years 5.2 years 12.6 years 11.8 years 12.5 years 7.6 years 5.6 years Page 53 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 54 of 63 Sunray Sunrise Beach Village Sunset Valley Surfside Beach Sweeny Sweetwater TMRS SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $847,690 $95,332 $2,634,099 $265,434 $2,066,149 $14,313,422 $22,191,305 b. Noncontributing Members 206,781 39,896 1,076,494 144,019 453,747 1,487,520 1,552,280 c. Annuitants 1,547,528 112,398 1,372,354 40,457 2,888,195 13,971,902 14,371,076 2. Total Actuarial Accrued Liability $2,601,999 $247,626 $5,082,947 $449,910 $5,408,091 $29,772,844 $38,114,661 3. Actuarial value ofassets 1,853,776 257,200 4,331,141 547,505 4,163,553 23,638,500 30,604,578 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $748,223 ($9,574) $751,806 ($97,595) $1,244,538 $6,134,344 $7,510,083 5. Funded Ratio: (3) / (2) 712% 103.9% 85.2% 121.7% 77.0% 79.4% 80.3% 6. Annual Payroll $545,034 $495,582 $1,729,870 $640,322 $925,465 $5,082,812 $9,017,377 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.09% 1.66% 9.76% 1.78% 9.45% 9.22% 11.34% Prior Service 9.43% -0.12% 2.47% -0.94% 8.39% 8.56% 5.22% Total Retirement 19.52% 1.54% 12.23°% 0.84% 17.84% 17.78°% 16.56% Supplemental Death 0.30% 0.16% 0.11% 0.20% 0.29% 0.26% M6% Total Rate 19.82°% 1.70% 12.34°% 1.04°% 18.13% 18.04°% 16.72% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 11.77% N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A 7.50% 13.50% 7.50% N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.0 years 25.0 years 28.5 years 25.0 years 24.4 years 20.0 years 24.2 years Number of annuitants 10 2 8 1 18 76 33 Number of active contributing members 11 12 29 20 23 104 98 Number of inactive members 12 13 20 25 11 38 21 Average age of contributing members 42.2 years 43.0 years 40.5 years 45.0 years 42.0 years 44.8 years 46.7 years Average length of service of contributing members 8.0 years 4.9 years 7.7 years 5.1 years 7.8 years 11.4 years 11.3 years Page 54 of 63 Taft Tahoka Tatum Taylor Teague Temple Tenaha SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,640,246 $990,297 $151,420 $11,782,323 $643,647 $83,157,008 $51,971 b. Noncontributing Members 310,898 68,084 73,245 3,985,067 705,652 12,473,647 1,681 c. Annuitants 1,147,257 1,120,436 110,187 11,295,213 1,499,783 79,234,424 248,844 2. Total Actuarial Accrued Liability $3,098,401 $2,178,817 $334,852 $27,062,603 $2,849,082 $174,865,079 $302,496 3. Actuarial value of assets 2,253,637 2,556,687 297,397 21,591,609 2,521,800 145,276,139 359,131 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $844,764 ($377,870) $37,455 $5,470,994 $327,282 $29,588,940 ($56,635) 5. Funded Ratio: (3) / (2) 72.7% 117.3% 88.8% 79.8% 88.5% 83.1% 118.7% 6. Annual Payroll $1,012,612 $644,199 $421,386 $6,894,622 $908,258 $30,081,165 $321,861 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.62°% 196°% 1.51°% 7.35°% 10.04°% 10.19% 1.55°% Prior Service 4.85°% - 3.56°% 0.61°% 4.55°% 2.06°% 6.18°% - 1.08°% Total Retirement 14.47°% 0.40% 2.12°% 11.90°% 12.10°% 16.36°% 077°% Supplemental Death 0.29°% 0.25°% 0.14°% 0.20°% 0.39% 0.20°% 0.15°% Total Rate 14.76% 0.65% 2.26°% 12.10°% 12.49% 16.56% 0.62°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 13.74% N/A N/A N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 13.50% 11.50% 7.50% N/A 13.50% N/A T50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 27.4 years 25.0 years 21.0 years 28.0 years 28.2 years 24.1 years 25.0 years Number of annuitants 11 10 5 78 23 360 6 Number of active contributing members 31 19 12 137 22 666 9 Number of inactive members 95 4 11 109 30 344 2 Average age of contributing members 42.1 years 44.1 years 43.3 years 42.6 years 43.4 years 44.2 years 41.5 years Average length of service of contributing members 6.8 years 8.6 years 3.9 years 9.6 years 6.3 years 10.5 years 3.1 years Page 54 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 55 of63 Terrell Terrell Hills Tex Municipal League IEBP Tex Municipal League IRP Texarkana Texarkana Police Dept Texarkana Water Utilities SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $27,132,683 $5,222,186 $17,789,954 $93,710,274 $19,038,348 $16,644,198 $19,084,982 b. Noncontributing Members 2,207,632 2,330,656 4,325,937 7,633,943 5,807,473 4,068,384 1,865,458 c. Annuitants 20,939,140 4,019,259 4,089,105 21,207,488 25,412,981 21,613,506 16,607,809 2. Total Actuarial Accrued Liability $50,279,455 $11,572,101 $26,204,996 $122,551,705 $50,258,802 $42,326,088 $37,558,249 3. Actuarial value ofassets 41,666,843 10,106,138 25,059,226 118,850,762 42,613,198 36,642,343 30,824,413 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $8,612,612 $1,465,963 $1,145,770 $3,700,943 $7,645,604 $5,683,745 $6,733,836 5. Funded Ratio: (3) / (2) 819% 87.3% 95.6% 97.0% 84.8% 86.6% 82.1% 6. Annual Payroll $9,552,813 $2,498,051 $9,778,506 $23,077,661 $8,436,611 $5,773,956 $6,964,188 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.67% 8.36% 4.37% 10.45% 9.86% 10.41% 9.37% Prior Service 5.68% 3.36% 1.03% 0.93% 5.96% 5.71% 6.83% Total Retirement 16.35% 11.72% 5.40°% 11.38% 15.82% 16.12% 16.20% Supplemental Death 0.19% 0.20% 0.21% 0.21% 0.00% 0.00% 0.00 % Total Rate 16.54°% 11.92% 5.61°% 11.59% 15.82% 1612°% 16.20% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 4.84% 1120% N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A 12.50% N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.0 years 28.1 years 16.3 years 27.5 years 24.2 years 28.0 years 20.2 years Number of annuitants 113 24 21 56 163 68 99 Number of active contributing members 168 44 128 238 214 87 151 Number of inactive members 47 45 61 46 107 32 41 Average age of contributing members 44.2 years 39.5 years 48.4 years 48.8 years 46.4 years 37.8 years 44.3 years Average length of service of contributing members 11.4 years 8.9 years 10.2 years 14.6 years 9.6 years 12.4 years 10.4 years Page 55 of63 Texas City Texas Municipal League Texhoma The Colony Thompson Thorndale Thrall SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $62,191,867 $8,660,475 $44,081 $40,794,725 $141,075 $410,180 $88,758 b. Noncontributing Members 4,955,628 2,266,487 120 8,679,403 0 95,893 0 c. Annuitants 70,579,705 8,865,039 14,790 28,286,794 27,640 211,259 0 2. Total Actuarial Accrued Liability $137,727,200 $19,792,001 $58,991 $77,760,922 $168,715 $717,332 $88,758 3. Actuarial value of assets 115,776,892 16,413,275 67,467 67,510,908 145,522 695,467 31,589 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $21,950,308 $3,378,726 ($8, 476) $10,250,014 $23,193 $21,865 $57,169 5. Funded Ratio: (3) / (2) 84.1% 82.9% 114.4% 86.8% 86.3% 97.0% 35.6% 6. Annual Payroll $20,651,136 $2,816,938 $18,661 $18,688,938 $127,663 $333,617 $161,987 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.54°% 7.31°% 1.89% 9.71°% 2.04°% 6.46% 3.45°% Prior Service 7.30°% 8.84% - 1.89°% 3.36% 1.94°% 0.53°% 4.62°% Total Retirement 16.84°% 16.15% 0.00°% 13.07°% 3.98°% 6.99°% 8.07% Supplemental Death 0.00°% 0.16°% 0.70°% 0.14°% 0.21°% 0.34°% 0.33°% Total Rate 16.84% 16.31°% 0.70°% 13.21°% 4.19°% 7.33% 8.40°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 16.29% N/A 1194% 3.69% 7.00% 8.30% Statutory Maximum Rate (Total Retirement Only) N/A N/A 7.50% N/A N/A 9.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 21.0 years 20.9 years 25.0 years 25.1 years 11.6 years 16.8 years 9.1 years Number of annuitants 285 23 1 156 1 3 0 Number of active contributing members 411 31 1 300 3 9 5 Number of inactive members 184 20 1 149 0 6 0 Average age of contributing members 42.8 years 45.2 years 59.4 years 43.0 years 54.7 years 54.7 years 531 years Average length of service of contributing members 10.3 years 11.5 years 18.9 years 10.7 years 10.8 years 8.0 years 9.2 years Page 55 of63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 56 of 63 Three Rivers Throckmorton Tiki island Timpson Tioga Tolar Tom Bean SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $3,120,760 $76,999 $307,546 $676,287 $223,287 $282,583 $114,762 b. Noncontributing Members 527,754 244,547 85,880 29,651 28,814 157,696 46,490 c. Annuitants 1,236,805 338,997 107,177 123,840 0 0 0 2. Total Actuarial Accrued Liability $4,885,319 $660,543 $500,603 $829,778 $252,101 $440,279 $161,252 3. Actuarial value of assets 4,289,676 639,213 426,667 817,795 288,755 407,926 209,192 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $595,643 $21,330 $73,936 $11,983 ($36,654) $32,353 ($47,940) 5. Funded Ratio: (3) / (2) 87.8°% 96.8% 85.2% 98.6°% 114.5% 92.7% 129.7% 6. Annual Payroll $2,119,856 $145,943 $428,810 $535,329 $273,353 $223,699 $286,246 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 3.00% 5.49°% 2.07°% 2.46°% 1.59% 7.62% 2.11°% Prior Service 2.42% 0.84% 1.49% 0.15% -0.82% 1.50% -1.03% Total Retirement 5.42°% 6.33% 3.56°% 2.61°% 0.77% 9.12°% 1.08% Supplemental Death 0.23% 0.16% 0.14% 0.12% 0.13% 0.16°% 022% Total Rate 5.65% 6.49% 3.70°% 2.73°% 0.90% 9.28°% 1.30% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 3.34% N/A N/A 8.26% N/A Statutory Maximum Rate (Total Retirement Only) 7.50% 9.50% N/A T50% 7.50% N/A T50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 15.3 years 27.9 years 15.2 years 21.8 years 25.0 years 12.0 years 25.0 years Number of annuitants 10 6 1 3 0 0 0 Number of active contributing members 47 5 8 11 8 5 8 Number of inactive members 24 5 3 8 7 6 10 Average age of contributing members 46.3 years 38.4 years 46.3 years 45.8 years 44.2 years 47.9 years 489 years Average length of service of contributing members 9.6 years 3.8 years 7.5 years 10.2 years 7.3 years 9.9 years 7.5 years Page 56 of 63 Tomball Trent Trenton Trinidad Trinity Trophy Club Troup SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $18,941,038 $157,438 $78,651 $213,470 $692,631 $7,447,075 $487,586 b. Noncontributing Members 3,459,187 0 53,263 39,773 120,941 4,227,958 105,569 c. Annuitants 12,882,083 15,124 200,167 218,315 488,363 4,649,599 593,538 2. Total Actuarial Accrued Liability $35,282,308 $172,562 $332,081 $471,558 $1,301,935 $16,324,632 $1,186,693 3. Actuarial value of assets 29,182,228 159,708 335,947 393,736 1,088,875 13,787,310 1,018,000 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $6,100,080 $12,854 ($3,866) $77,822 $213,060 $2,537,322 $168,693 5. Funded Ratio: (3) / (2) 82.7% 92.6% 101.2% 83.5% 83.6% 84.5% 85.8% 6. Annual Payroll $9,859,213 $81,551 $134,525 $201,207 $905,725 $4,484,476 $799,605 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.05°% 5.39°% 5.00°% 1.84°% 6.56% 9.91°% 4.64°% Prior Service 3.54°% 3.80% - 0.18°% 3.40°% 1.34°% 3.22°% 1.20°% Total Retirement 13.59°% 9.19% 4.82°% 5.24% 7.90°% 13.13°% 5.84% Supplemental Death 0.18°% 0.40°% 0.39°% 0.41°% 0.26°% 0.13% 0.25% Total Rate 13.77% 9.59°% 5.21°% 5.65°% 8.16°% 13.26% 6.09°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 8.22% 4.88% 4.95% 8.07% N/A 5.78% Statutory Maximum Rate (Total Retirement Only) N/A 11.50% 9.50% 7.50% 11.50% N/A 9.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.1 years 4.6 years 25.0 years 16.1 years 28.3 years 28.4 years 28.4 years Number of annuitants 69 1 3 6 8 28 12 Number of active contributing members 156 2 4 5 29 71 21 Number of inactive members 57 0 8 10 32 81 14 Average age of contributing members 41.7 years 60.7 years 51.7 years 47.9 years 46.2 years 42.0 years 41.0 years Average length of service of contributing members 9.8 years 19.0 years 3.7 years 9.4 years 5.3 years 9.5 years 8.6 years Page 56 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 57 of 63 Troy Tulia Turkey Tye Tyler Universal City University Park SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $508,879 $4,285,362 $35,229 $320,571 $103,315,317 $23,028,689 $48,001,120 b. Noncontributing Members 40,226 1,182,718 2,322 51,641 14,002,270 2,276,579 5,438,083 c. Annuitants 187,006 3,444,409 211,093 390,756 104,341,331 6,659,350 33,153,240 2. Total Actuarial Accrued Liability $736,111 $8,912,489 $248,644 $762,968 $221,658,918 $31,964,618 $86,592,443 3. Actuarial value of assets 570,757 8,241,314 194,785 579,446 164,949,005 22,134,804 85,169,371 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $165,354 $671,175 $53,859 $183,522 $56,709,913 $9,829,814 $1,423,072 5. Funded Ratio: (3) / (2) 77.5% 92.5% 78.3% 75.9% 74.4% 69.2% 98.4% 6. Annual Payroll $495,777 $1,422,993 $123,852 $480,924 $35,253,822 $6,946,360 $15,747,711 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.82% 8.24% 2.23% 5.37% 9.32% 10.42% 6.11% Prior Service 2.74% 3.67% 2.66% 2.43% 11.43% 8.65% 1.12% Total Retirement 12.56% 11.91% 4.89% 7.80% 20.75% 19.07% 7.23% Supplemental Death 0.43% 0.28% 0.24% 0.18% 0.21% 0.19% 0.00 % Total Rate 12.99% 12.19% 5.13% 7.98% 20.96% 19.26% 7.23% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1141% N/A N/A T66% N/A 19.20% 6.12% Statutory Maximum Rate (Total Retirement Only) 13.50% N/A N/A N/A N/A N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 16.3 years 17.6 years 25.2 years 25.1 years 20.0 years 25.2 years 9.7 years Number of annuitants 8 24 4 5 521 49 133 Number of active contributing members 12 40 4 13 670 131 204 Number of inactive members 7 34 1 7 244 79 48 Average age of contributing members 53.7 years 421 years 48.5 years 47.7 years 43.6 years 43.2 years 47.9 years Average length of service of contributing members 12.5 years 9.6 years 8.8 years 12.3 years 10.0 years 11.2 years 17.4 years Page 57 of 63 Uvalde Valley Mills Valley View Van Van Alstyne Van Horn Vega SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $6,387,904 $7,312 $17,108 $1,324,203 $1,668,429 $2,068,341 $817,380 b. Noncontributing Members 1,912,028 9,981 0 180,785 1,071,145 194,896 0 c. Annuitants 6,555,070 0 11,104 565,273 1,116,850 1,468,280 788,988 2. Total Actuarial Accrued Liability $14,855,002 $17,293 $28,212 $2,070,261 $3,856,424 $3,731,517 $1,606,368 3. Actuarial value of assets 13,284,566 13,956 16,730 2,001,633 3,217,253 3,224,743 1,301,664 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $1,570,436 $3,337 $11,482 $68,628 $639,171 $506,774 $304,704 5. Funded Ratio: (3) / (2) 89.4% 80.7% 59.3% 96.7% 83.4% 86.4% 81.0% 6. Annual Payroll $6,178,203 $170,705 $128,308 $949,359 $1,434,991 $1,025,128 $247,751 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 4.65% 107% 1.11% 7.37% 7.81% 4.68% 11.81% Prior Service 1.52% 0.22% 1.31% 0.46% 2.67% 3.72% 11.28% Total Retirement 6.17% 2.29% 2.42% 7.83% 10.48% 8.40% 23.09% Supplemental Death 0.18% 0.11% 0.05% 0.22% 0.12% 0.17% 0.20% Total Rate 6.35% 2.40% 2.47% 8.05% 10.60% 8.57% 23.29% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A N/A N/A 10.23% 8.54% 22.85% Statutory Maximum Rate (Total Retirement Only) 9.50% N/A N/A 12.50% 12.50% 9.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 26.1 years 10.9 years 8.0 years 23.6 years 28.0 years 20.5 years 14.1 years Number of annuitants 64 0 1 10 14 13 3 Number of active contributing members 160 6 3 18 31 24 6 Number of inactive members 103 5 0 13 41 10 0 Average age of contributing members 40.7 years 44.3 years 33.2 years 45.9 years 34.7 years 45.4 years 48.7 years Average length of service of contributing members 7.1 years 3.7 years 3.6 years 13.1 years 6.0 years 12.2 years 10.0 years Page 57 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 58 of63 Venus Vernon Victoria Vidor Village Fire Department Waco Wachter SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $425,881 $8,524,057 $69,795,450 $8,259,332 $6,824,812 $238,007,393 $479,628 b. Noncontributing Members 106,840 2,617,123 18,260,343 1,222,854 2,296,362 21,536,356 190,785 c. Annuitants 736,505 9,644,741 92,863,067 8,491,390 8,998,966 191,908,847 185,378 2. Total Actuarial Accrued Liability $1,269,226 $20,785,921 $180,918,860 $17,973,576 $18,120,140 $451,452,596 $855,791 3. Actuarial value of assets 1,235,067 17,271,001 140,257,702 14,950,829 16,409,151 387,036,367 830,008 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $34,159 $3,514,920 $40,661,158 $3,022,747 $1,710,989 $64,416,229 $25,783 5. Funded Ratio: (3) / (2) 973% 83.1% 77.5% 812% 90.6% 85.7% 97.0% 6. Annual Payroll $715,624 $3,906,207 $29,985,895 $3,246,697 $3,415,218 $78,601,095 $541,335 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.95% 7.31% 7.71% 9.46% 3.67% 7.54% 2.17% Prior Service 0.40% 6.00% 8.78% 6.56% 4.67% 6.42% 0.35% Total Retirement 10.35% 13.31% 16.49°% 16.02% 8.34% 13.96% 2.52% Supplemental Death 0.00% 0.31% 0.17°% 0.19% 0.13% 0.00°% 029% Total Rate 10.35°% 13.62% 16.66°% 16.21% 8.47% 13.96°% 2.81% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 12.50% N/A N/A 7.52% 13.46% 169% Statutory Maximum Rate (Total Retirement Only) 13.50% N/A N/A N/A N/A N/A 7.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 159 years 22.0 years 23.0 years 20.2 years 14.0 years 17.4 years 19.0 years Number of annuitants 8 70 421 41 24 907 4 Number of active contributing members 19 89 587 70 47 1,484 13 Number of inactive members 10 78 334 34 27 498 22 Average age of contributing members 40.1 years 42.8 years 40.2 years 46.0 years 39.5 years 44.6 years 46.2 years Average length of service of contributing members 5.9 years 9.4 years 9.7 years 9.9 years 10.9 years 12.0 years 7.8 years Page 58 of63 Wake Village Waller Wallis Walnut Springs Waskom Watauga Waxahachie SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,937,609 $1,297,039 $307,818 $52,806 $776,021 $22,041,817 $32,996,927 b. Noncontributing Members 474,197 176,609 197,029 0 147,141 7,664,090 2,428,812 c. Annuitants 1,344,956 1,470,895 439,188 80,202 1,034,968 13,149,917 22,804,733 2. Total Actuarial Accrued Liability $3,756,762 $2,944,543 $944,035 $133,008 $1,958,130 $42,855,824 $58,230,472 3. Actuarial value of assets 3,031,814 2,937,638 961,405 126,304 1,572,179 36,713,787 47,428,956 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $724,948 $6,905 ($17,370) $6,704 $385,951 $6,142,037 $10,801,516 5. Funded Ratio: (3) / (2) 80.7% 99.8% 101.8% 95.0% 80.3% 85.7% 81.5% 6. Annual Payroll $1,046,155 $1,506,590 $346,808 $99,477 $721,767 $9,213,632 $12,649,932 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 10.24°% 4.46°% 3.11% 1.76°% 331% 9.64% 9.83°% Prior Service 3.96°% 0.03% - 0.31°% 1.26°% 3.70°% 4.09°% 5.52°% Total Retirement 14.20°% 4.49% 2.80°% 3.02% 7.01°% 13.73°% 15.35% Supplemental Death 0.36°% 0.31°% 0.20°% 0.14°% 0.19°% 017°% 0.18°% Total Rate 14.56% 4.80% 3.00°% 3.16% 7.20°% 13.90% 15.53°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 13.58% 4.73% N/A 165% N/A 13.83% 15.51% Statutory Maximum Rate (Total Retirement Only) 13.50% 9.50% 8.50% N/A 7.50% 13.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.2 years 22.6 years 25.0 years 6.0 years 22.2 years 25.0 years 23.0 years Number of annuitants 17 18 5 2 8 85 113 Number of active contributing members 26 29 10 2 15 173 231 Number of inactive members 10 13 13 0 10 143 32 Average age of contributing members 45.4 years 52.1 years 46.1 years 52.0 years 46.5 years 42.3 years 441 years Average length of service of contributing members 10.2 years 8.7 years 6.0 years 6.7 years 10.2 years 10.3 years 10.4 years Page 58 of63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 59 of 63 Weatberford Webster Weimar Wellington Wells Weslaco West SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $57,618,308 $31,350,888 $3,423,597 $1,557,870 $16,372 $14,469,710 $597,206 b. Noncontributing Members 7,138,249 5,492,111 994,571 86,648 29,651 3,663,692 328,496 c. Annuitants 38,238,253 16,445,110 3,271,863 1,368,909 223,581 18,655,468 946,334 2. Total Actuarial Accrued Liability $102,994,810 $53,288,109 $7,690,031 $3,013,427 $269,604 $36,788,870 $1,872,036 3. Actuarial value of assets 89,966,018 44,089,393 6,308,574 3,084,597 270,165 33,871,346 2,038,493 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $13,028,792 $9,198,716 $1,381,457 ($71,170) ($561) $2,917,524 ($166,457) 5. Funded Ratio: (3) / (2) 87.4°% 82.7% 82.0% 1014% 100.2% 92.1% 108.9% 6. Annual Payroll $20,602,420 $10,000,684 $1,181,938 $392,283 $65,718 $9,070,127 $777,647 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.42% 11.85% 9.30% 5.02% 3.79% 5.35% 3.47% Prior Service 3.94% 5.27% 10.49% -1.11% -0.06% 2.36% -1.31% Total Retirement 13.36% 17.12% 19.79°% 3.91 % 3.73% 7.71 % 2.16% Supplemental Death 0.17% 0.19% 0.36°% 0.47% 0.00% 0.18°% 024% Total Rate 13.53°% 17.31% 20.15°% 4.38°% 3.73% 7.89°% 2.40% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 13.52% N/A 18.94% 3.73% N/A 6.96% N/A Statutory Maximum Rate (Total Retirement Only) N/A N/A N/A N/A 7.50% N/A M0% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 24.4 years 28.1 years 15.1 years 25.0 years 25.0 years 21.6 years 25.0 years Number of annuitants 189 83 23 10 3 145 to Number of active contributing members 357 170 24 12 2 209 20 Number of inactive members 147 84 11 4 3 159 12 Average age of contributing members 41.2 years 43.8 years 49.0 years 51.2 years 38.0 years 41.3 years 419 years Average length of service of contributing members 10.6 years 13.2 years 14.5 years 16.6 years 2.8 years 9.0 years 7.2 years Page 59 of 63 West Columbia West Lake Hills West Orange West Tawakoni West Univ. Place Westlake Westover Hills SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,974,981 $2,785,677 $5,017,404 $741,523 $18,170,758 $4,360,652 $520,988 b. Noncontributing Members 402,286 1,387,040 728,705 102,930 6,278,383 487,648 256,356 c. Annuitants 1,446,740 3,474,910 3,600,771 384,172 21,059,937 446,517 1,091,943 2. Total Actuarial Accrued Liability $3,824,007 $7,647,627 $9,346,880 $1,228,625 $45,509,078 $5,294,817 $1,869,287 3. Actuarial value of assets 4,358,011 6,309,454 7,298,829 880,706 38,932,136 4,172,638 1,809,052 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($534,004) $1,338,173 $2,048,051 $347,919 $6,576,942 $1,122,179 $60,235 5. Funded Ratio: (3) / (2) 114.0% 82.5% 78.1% 71.7% 85.5% 78.8% 96.8% 6. Annual Payroll $1,429,311 $1,875,713 $1,334,191 $462,493 $8,635,298 $2,758,809 $1,086,444 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 5.38°% 12.88°% 10.20°% 5.43°% 912°% 9.64% 1.51°% Prior Service - 2.29% 4.08°% 10.13°% 6.18% 4.33°% 2.41°% 0.33°% Total Retirement 3.09°% 16.96% 20.33°% 11.61°% 13.55°% 12.05°% 1.84°% Supplemental Death 0.00°% 0.22°% 0.00°% 0.29°% 0.19°% 0.17°% 0.27°% Total Rate 3.09% 17.18°% 20.33°% 11.90°% 13.74% 12.22% 2.11°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 194% 16.98% N/A 1133% 13.08% 11.54% 110% Statutory Maximum Rate (Total Retirement Only) 11.50°% N/A N/A N/A N/A N/A 7.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 28.1 years 22.3 years 18.0 years 28.4 years 26.5 years 26.3 years Number of annuitants 19 23 17 9 102 8 22 Number of active contributing members 35 30 23 13 115 32 21 Number of inactive members 26 26 12 12 78 19 8 Average age of contributing members 45.9 years 42.4 years 50.4 years 47.1 years 43.6 years 46.3 years 42.5 years Average length of service of contributing members 9.2 years 10.1 years 13.8 years 9.2 years 12.7 years 10.4 years 8.7 years Page 59 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 60 of 63 Westworth village Wharton Wheeler White Deer White Oak White Settlement Whiteface SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $2,673,452 $7,604,317 $117,146 $113,601 $4,591,336 $11,282,691 $208,590 b. Noncontributing Members 614,194 2,517,690 48,442 159,360 919,186 4,431,040 300,818 c. Annuitants 1,031,281 4,219,705 994,622 289,149 5,581,732 9,945,919 19,851 2. Total Actuarial Accrued Liability $4,318,927 $14,341,712 $1,160,210 $562,110 $11,092,254 $25,659,650 $529,259 3. Actuarial value of assets 3,708,046 13,282,330 1,122,328 403,973 9,828,389 22,049,737 605,483 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $610,881 $1,059,382 $37,882 $158,137 $1,263,865 $3,609,913 ($76,224) 5. Funded Ratio: (3) / (2) 85.9% 92.6% 96.7% 71.9% 88.6% 85.9% 114.4% 6. Annual Payroll $2,468,124 $4,895,426 $305,845 $233,389 $1,987,552 $6,067,270 $131,587 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 9.91% 4.82% 6.52% 3.62% 11.70% 6.91% 5.48% Prior Service 1.41% 1.35% 0.78% 4.10% 3.64% 3.65% -3.56% Total Retirement 11.32% 6.17% 7.30°% 7.72% 15.34% 10.56% 1.92% Supplemental Death 0.19% 0.22% 0.09°% 0.53% 0.19% 0.21% 032% Total Rate 11.51°% 6.39% 7.39°% 8.25°% 15.53% 10.77°% 2.24% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death M06% N/A N/A N/A N/A N/A N/A Statutory Maximum Rate (Total Retirement Only) 13.50% 9.50% N/A 7.50% N/A 11.50% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.3 years 24.4 years 24.0 years 25.6 years 28.1 years 25.0 years 25.0 years Number of annuitants 13 35 3 5 29 70 1 Number of active contributing members 51 96 8 5 44 109 3 Number of inactive members 34 54 3 12 23 101 3 Average age of contributing members 43.3 years 42.5 years 35.7 years 50.8 years 43.6 years 43.2 years 41.7 years Average length of service of contributing members 7.6 years 10.9 years 2.4 years 4.8 years 11.2 years 10.5 years 9.2 years Page 60 of 63 Whitehouse Whitesboro Whitewright Whitney Wichita Falls Willis Willow Park SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,992,099 $3,639,992 $669,563 $399,478 $107,272,481 $3,187,672 $936,780 b. Noncontributing Members 651,123 726,155 166,148 234,081 14,016,085 580,975 173,111 c. Annuitants 1,482,452 1,671,370 360,180 243,451 122,563,942 1,189,069 68,244 2. Total Actuarial Accrued Liability $4,125,674 $6,037,517 $1,195,891 $877,010 $243,852,508 $4,957,716 $1,178,135 3. Actuarial value of assets 3,900,956 5,539,042 1,129,458 792,860 201,504,435 4,272,598 973,371 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) $224,718 $498,475 $66,433 $84,150 $42,348,073 $685,118 $204,764 5. Funded Ratio: (3) / (2) 94.6% 91.7% 94.4% 90.4% 82.6% 86.2% 82.6% 6. Annual Payroll $1,788,480 $1,856,294 $767,706 $662,363 $45,681,660 $2,033,314 $1,866,593 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 4.70°% 5.00°% 4.63% 3.45°% 5.51°% 8.03% 6.46°% Prior Service 0.75°% 2.29°% 0.52°% 0.81°% 7.03°% 1.97°% 0.70°% Total Retirement 5.45°% 7.29% 5.15°% 4.26% 12.54°% 10.00°% 7.16°% Supplemental Death 0.20°% 0.21°% 0.13°% 0.18°% 0.00°% 0.16°% 0.12°% Total Rate 5.65% 7.50% 5.28°% 4.44°% 12.54% 10.16% 7.28°% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A N/A 5.12% N/A 12.42% 9.82% T22% Statutory Maximum Rate (Total Retirement Only) 9.50% 9.50% 9.50°% 7.50% N/A 13.50°% N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 28.7 years 15.5 years 25.9 years 28.0 years 18.2 years 27.1 years 23.5 years Number of annuitants 17 24 8 8 615 17 3 Number of active contributing members 36 49 21 18 1,027 40 43 Number of inactive members 29 27 9 19 376 22 37 Average age of contributing members 43.1 years 44.7 years 38.5 years 43.1 years 44.7 years 42.3 years 42.0 years Average length of service of contributing members 9.4 years 10.2 years 6.9 years 8.5 years 11.0 years 9.6 years 6.5 years Page 60 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 61 of 63 Wills Point Wilmer Wimberley Winderest Winfield Wink Winnsboro SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $1,403,258 $1,294,877 $184,174 $2,250,791 $69,471 $403,875 $1,209,049 b. Noncontributing Members 835,080 692,618 16,227 2,104,798 13,740 0 485,714 c. Annuitants 2,021,355 794,681 13,258 3,750,627 0 242,581 3,320,281 2. Total Actuarial Accrued Liability $4,259,693 $2,782,176 $213,659 $8,106,216 $83,211 $646,456 $5,015,044 3. Actuarial value of assets 3,415,131 2,939,883 197,784 7,642,371 60,437 652,902 4,206,186 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) $844,562 ($157,707) $15,875 $463,845 $22,774 ($6,446) $808,858 5. Funded Ratio: (3) / (2) 80.2% 105.7% 92.6% 943% 72.6% 101.0% 83.9% 6. Annual Payroll $1,075,213 $1,382,341 $334,434 $2,827,717 $251,597 $331,489 $1,442,845 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.31% 3.87% 2.12% 6.83% 1.87% 710% 6.86% Prior Service 6.00% -0.73% 0.42% 0.94% 0.85% -0.12% 3.32% Total Retirement 12.31% 3.14% 2.54% 7.77% 2.72% 6.98% 10.18% Supplemental Death 0.20% 0.16% 0.27% 0.20% 0.12% 0.24% 025% Total Rate 12.51% 3.30% 2.81% 7.97% 184% 7.22% 10.43% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 1114% 2.84% N/A T95% 2.77% 6.67% N/A Statutory Maximum Rate (Total Retirement Only) N/A 11.50% N/A 10.50% N/A N/A 11.50 % ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 20.0 years 25.0 years 14.8 years 28.1 years 13.7 years 25.0 years 26.5 years Number of annuitants 18 20 4 41 0 4 27 Number of active contributing members 27 38 7 56 5 8 37 Number of inactive members 36 51 8 60 2 0 27 Average age of contributing members 41.9 years 41.7 years 45.4 years 47.2 years 42.7 years 49.1 years 449 years Average length of service of contributing members 7.6 years 8.4 years 7.3 years 6.9 years 9.2 years 8.5 years 6.2 years Page 61 of 63 Winona Winters Wolfforth Woodereek Woodsboro Woodville Woodway SUMMARY OF ACTUARIAL INFORMATION I. Actuarial Accrued Liability a. Contributing Members $12,380 $1,062,685 $2,504,072 $14,194 $165,123 $4,795,230 $13,809,402 b. Noncontributing Members 174,692 197,527 42,476 9,594 102,321 354,716 2,315,695 c. Annuitants 320,168 1,801,545 749,569 67,182 134,097 1,647,997 6,621,487 2. Total Actuarial Accred Liability $507,240 $3,061,757 $3,296,117 $90,970 $401,541 $6,797,943 $22,746,584 3. Actuarial value of assets 679,910 2,843,875 2,420,049 95,536 631,536 5,511,992 18,657,752 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) ($172,670) $217,882 $876,068 ($4,566) ($229,995) $1,285,951 $4,088,832 5. Funded Ratio: (3) / (2) 134.0% 92.9% 73.4% 105.0% 157.3% 81.1% 82.0% 6. Annual Payroll $172,535 $519,980 $1,093,792 $96,297 $442,164 $1,436,708 $4,378,537 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 11.59% 7.51% 7.00% 3.06% 3.51% 9.44% 931% Prior Service -6.15% 2.81% 4.76% -0.29% -3.19% 7.15% 7.27% Total Retirement 5.44% 10.32% 11.76% 2.77% 0.32% 16.59% 16.58% Supplemental Death 0.14% 0.39% 0.17% 0.15% 0.10% 0.21% 0.17% Total Rate 5.58% 10.71% 11.93% 2.92% 0.42% 16.80% 16.75% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death N/A 10.36% N/A N/A N/A 16.33% 16.62% Statutory Maximum Rate (Total Retirement Only) 13.50% 11.50% 11.50% N/A 7.50% N/A N/A ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 23.0 years 26.4 years 25.0 years 25,0 years 16.9 years 17.6 years Number of annuitants 2 14 5 2 1 12 33 Number of active contributing members 5 14 25 3 12 33 80 Number of inactive members 10 12 14 3 7 15 50 Average age of contributing members 46.2 years 47.6 years 41.2 years 60.8 years 42.7 years 42.8 years 40.0 years Average length of service of contributing members 6.3 years 8.8 years 9.9 years 6.3 years 6.3 years 11.5 years 9.1 years Page 61 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF PARTICIPATING MUNICIPALITIES - DECEMBER 31, 2015 Page 62 of 63 Wortham Wylie Yoakum Yorktown zavalla SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $248,596 $39,106,039 $11,412,852 $627,240 $133,544 b. Noncontributing Members 97,900 6,081,086 1,649,519 77,975 112,054 c. Annuitants 161,419 10,552,737 9,965,775 728,240 246,032 2. Total Actuarial Accrued Liability $507,915 $55,739,862 $23,028,146 $1,433,455 $491,630 3. Actuarial value of assets 554,562 43,204,211 18,948,673 1,432,728 507,044 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($46,647) $12,535,651 $4,079,473 $727 ($15,414) 5. Funded Ratio: (3) / (2) 109.2°% 7Z5% 82.3% 99.9°% 103.1% 6. Annual Payroll $319,076 $17,473,630 $3,756,712 $573,004 $211,064 CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost 6.93°% 10.86°% 8.09°% 1.41% 3.58°% Prior Service -0.93% 4.11% 7.60% 0.01% -0.49% Total Retirement 6.00°% 14.97% 15.69°% 1.42°% 3.09% Supplemental Death 0.12% 0.11% 0.26°% 0.38% 0.00% Total Rate 6.12% 15.08% 15.95°% 1.80°% 3.09% Phase -In Rate (Minimum Contribution), Incl. Supplemental Death 5.56% N/A 15.87% L65% 2.71% Statutory Maximum Rate (Total Retirement Only) 12.50% N/A N/A 7.50% 9.50% ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 25.0 years 28.1 years 20.4 years 17.3 years 25.0 years Number of annuitants 2 79 51 11 2 Number of active contributing members 8 272 82 16 6 Number of inactive members 10 131 57 21 11 Average age of contributing members 45.8 years 40.2 years 44.6 years 45.6 years 399 years Average length of service of contributing members 4.7 years 9.0 years 12.0 years 10.6 years 4.2 years Page 62 of 63 SUMMARY OF ACTUARIAL INFORMATION I. Actuarial Accrued Liability a. Contributing Members b. Noncontributing Members c. Annuitants 2. Total Actuarial Accrued Liability 3. Actuarial value of assets 4. Unfunded /(overfunded) actuarial accrued liability: (2) - (3) 5. Funded Ratio: (3) / (2) 6. Annual Payroll CITY CONTRIBUTION RATES FOR 2017 Retirement Normal Cost Prior Service Total Retirement Supplemental Death Total Rate Phase -In Rate (Minimum Contribution), Incl. Supplemental Death Statutory Maximum Rate (Total Retirement Only) ADDITIONAL INFORMATION Equivalent Single Amortization Period as of 1/2017 Number of annuitants Number of active contributing members Number of inactive members Average age of contributing members Average length of service of contributing members Page 62 of 63 TEXAS MUNICIPAL RETIREMENT SYSTEM ACTUARIAL VALUATION OF INACTIVE MUNICIPALITIES - DECEMBER 31, 2015 Page 63 of 63 Crystal Beach Floresville No. 1 Graham Regional Med Cntr Nacogdoches Memorial Hosp Roy H. Laird Mem Hospital Santa Anna Volente SUMMARY OF ACTUARIAL INFORMATION 1. Actuarial Accrued Liability a. Contributing Members $0 $0 $0 $0 $0 $0 $0 b. Noncontributing Members 745 0 7,933,074 0 6,548,123 0 23,291 c. Annuitants 78,171 19,527 9,404,211 0 5,174,389 548 0 2. Total Actuarial Accrued Liability $78,916 $19,527 $17,337,285 $0 $11,722,512 $548 $23,291 3. Actuarial value of assets 385,913 53,951 18,415,404 1,920,737 11,312,458 508,616 29,526 4. Unfunded/(overfunded) actuarial accrued liability: (2) - (3) ($306,997) ($34,424) ($1,078,119) ($1,920,737) $410,054 ($508,068) ($6,235) 5. Funded Ratio: (3) / (2) 489.0% 276.3% 106.2% N/A 96.5% 92813.1% 126.8% 6. Annual Payroll $0 $0 $0 $0 $0 $0 $0 CITY CONTRIBUTION AMOUNT FOR 2017 $ - $ - $ - $ $ 49,900 $ $ Amortization Period N/A NIA N/A NIA 12 years NIA N/A ADDITIONAL INFORMATION Number of annuitants 1 1 85 0 52 1 0 Number of inactive members 1 0 220 0 43 0 2 Page 63 of 63