Texas Municipal Retirement System
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Texas Municipal Retirement System
The Texas Municipal Retirement System (TMRS) is a statewide retirement system that provides retirement, disability, and death benefits for employees of participating Texas municipalities A municipality is usually a single administrative division having municipal corporation, corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality' .... TMRS was established in 1947 by Texas state law and is administered in accordance with the Texas Municipal Retirement System Act (Texas Government Code, Title 8, Subtitle G). Although established under state law, TMRS receives no state funding. The System offers a choice of benefits so that each participating city can design a plan to suit its needs and budget. Each city's plan is funded independently by that city. Retirement benefits for employees of participating cities are paid from the employees’ contributions, city contributions, and the Sys ...
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Texas
Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and has Mexico-United States border, an international border with the Mexican states of Chihuahua (state), Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south and southwest. Texas has Texas Gulf Coast, a coastline on the Gulf of Mexico to the southeast. Covering and with over 31 million residents as of 2024, it is the second-largest state List of U.S. states and territories by area, by area and List of U.S. states and territories by population, population. Texas is nicknamed the ''Lone Star State'' for its former status as the independent Republic of Texas. Spain was the first European country to Spanish Texas, claim and control Texas. Following French colonization of Texas, a short-lived colony controlled by France, Mexico ...
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Municipalities
A municipality is usually a single administrative division having municipal corporation, corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality'' may also mean the governing body of a given municipality. A municipality is a general-purpose administrative subdivision, as opposed to a special district (United States), special-purpose district. The English language, English word is derived from French language, French , which in turn derives from the Latin language, Latin , based on the word for social contract (), referring originally to the Latin communities that supplied Rome with troops in exchange for their own incorporation into the Roman state (granting Roman citizenship to the inhabitants) while permitting the communities to retain their own local governments (a limited autonomy). A municipality can be any political jurisdiction (area), jurisdiction, from a sovereign state s ...
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Law Of Texas
The law of Texas is derived from the ''Constitution of Texas'' and consists of several levels, including constitutional law, Statute, statutory law, regulatory law, case law, as well as Local ordinance, local laws and regulations. Each level establishes a framework for the relationship between the state, local governments, and its people. By defining power, responsibility, and the limitation of these entities, the law of Texas provides the structural and legal foundation upon which Texas and local governments operate and influence policy decisions across all local levels. Sources The Constitution of Texas is the foremost source of state law. Legislation is enacted by the Texas Legislature, published in the ''General and Special Laws of the State of Texas, General and Special Laws'', and codified in the ''Texas Statutes''. State agencies publish regulations (sometimes called administrative law) in the ''Texas Register'', which are in turn codified in the ''Texas Administrativ ...
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Economy Of Texas
The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.709 trillion as of 2024. In 2024, Texas had the most Fortune 500 companies of any state with 53 in total. As of 2023, Texas grossed more than $440 billion a year in exports, more than double the next highest state California ($178 billion). Texas would be ranked as the 8th largest economy among nations of the world by nominal GDP, ahead of Canada, South Korea, Russia, and Australia. In 2019, Texas had a median household income of $61,874. As of August 31, 2022 Texas had a total of $64.40 billion in state debt outstanding, including both general obligation and revenue debt. Texas has the second largest population in the country after California. History Historically four major business enterprises shaped the Texas economy prior to World War II: cattle and bison, cotton, timber, and oil. The first enterprise to enjoy major s ...
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