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Texas Municipal Retirement System

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Texas Municipal Retirement System Reviews

1.7

14% would recommend to a friend

(22 total reviews)

11% positive business outlook

Texas Municipal Retirement System has an employee rating of 1.7 out of 5 stars, based on 22 company reviews on Glassdoor which indicates that most employees have a poor working experience there. The Texas Municipal Retirement System employee rating is 54% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

22 reviews
1.0
21 Mar 2024

Executive Director - Out of Touch

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Pension and benefits are decent.

Cons

Almost too many to list and getting worse by the day. Multiple and mostly unnecessary reorganizations recently. ED recently promoted a lawyer with a minor in accounting to be the CFO. Nonsensical and puts the pension system at unnecessary risk. Employees were recently told to return to work but they can only work from basically 8-5. Meaning everyone except for the ED who lives in the apartment complex attached to the office has a horrible and unnecessary commute. No consideration for work/life balance, single parents or just plain commonsense. This week the dress code was updated that mandated men tuck their polo/golf shirt in. What year is this, 1970? To say TMRS has deteriorated and run by a entitled boomer is an understatement,

1.0
23 Feb 2024

Avoid

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Most people are great to work with, hard workers, passionate, and smart. They do a good job of hiring quality people only to put them through the grinder and see many of them leave. Benefits are OK, not great. Beware locking yourself into the pension system and do a lot of research before you do. I'm not saying it's a bad pension but you have to know if it's for you because at some point leaving becomes harder due to how it's setup.

Cons

Where do I start: This place used to be pretty great until a new executive director was hired. It was not perfect, but people generally cared about each other and worked hard to provide good service to our members. He started four years ago and caused nothing but chaos and heartache. I have seen him yell at and demean people below him over the slightest of issues. My toddler had more self-control than this guy. Besides his personality flaws a culture of chaos has been created by him. The turnover is now atrocious, countless people gone. Every day is something new to focus on until the next day he has his team move onto something else. A good team of people has been hired who want to take challenges head-on and welcome change but nobody in the organization can get anything meaningful done because the goalposts move all the time. Our new focus is now doing everything we can to win awards. This is one of the rare goals that is actually sticking around. We're losing focus on our core mission to spend countless hours writing up documents and changing processes just to win some awards. We even hired a new executive whose sole focus is to win us awards. Why did we hire someone at $200,000 plus per year just to win stupid awards nobody cares about? Seems like not a smart way to spend our pension member's money. Seems like a vanity project for an executive director who is nearing retirement. The pay is subpar though some raises the past couple of years has helped it's still subpar. It's a small organization so not a lot of room to move. They are pushing for more return to office even though the building is located in an awful location with nothing around and it's just another soulless office building. The open floor plan means it's loud with a lot of distractions and I can't get anything done when I'm at the office yet even though I get more done at home they're asking us to go in more often. Moving from our old building was another dumb decision since it had more space and was quieter. Turnover is aggressive now. More and more people are getting fed up and the only reason to stick around is once you put in a certain amount of time the pension becomes the golden handcuffs. It has become toxic and nobody enjoys working there. Personally once my oldest is out of school very soon I'm running away fast. I've worked at a few private and public sector employers large and small and I have never seen morale this low anywhere.

1.0
10 Aug 2022

Toxic under current leadership

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

The pension benefit is valuable and many of the employees are decent people.

Cons

Unfortunately, the current Executive Director has fostered an incredibly toxic work environment. Employees are no longer trusted to do their jobs, so snap judgements are made based on the whims of a few individuals with seniority without seeking the expertise of people who have excelled in their positions long prior to the arrival of current leadership. The result is high turnover and workplace instability as the ED constantly shuffles around the organization hierarchy. The environment has become increasingly unprofessional as certain people at the top will allow their tempers to flare and sling verbal abuse at the mildest inconvenience. There was a time when TMRS was a place where people were passionate about the mission. At the very least, no one was afraid that they would be disparaged based on their boss's mood that day. I can only hope it can recover from the current toxic culture.

Viewing 1 - 3 of 22 Reviews

Glassdoor has 22 Texas Municipal Retirement System reviews submitted anonymously by Texas Municipal Retirement System employees. Read employee reviews and ratings on Glassdoor to decide if Texas Municipal Retirement System is right for you.