The Annual Firefighters Ball and Awards Banquet was held on March 19 in McKinney Texas. The event included an awards presentation and MFD retirees receiving gold badges to honor their retirement. The Professional Fire Fighters of McKinney presented 12 MFD retirees with gold badges.
Resolution
Whereas, the Texas Municipal Retirement System (TMRS) has provided Texas cities, municipal employees, and retirees a soundly funded, hybrid ("cash-balance") retirement program for over 65 years that provides superior retirement security when compared to defined contribution plan alternatives; and
Whereas, the design of TMRS provides local control of retirement benefits so that cities may choose the level of benefits appropriate for their employees and their communities; and
Whereas, the design of the TMRS program requires each city to pay the annual required contribution to ensure that benefits remain soundly funded; and