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<br />Required Supplementary Information <br /> <br />Texas Municipal Retirement System <br />Schedule of Funding Progress <br />For the Last Three Fiscal Years <br /> <br /> Actuarial <br /> Accrued <br /> Actuarial Liability Unfunded <br />Actuarial Value of (AAL) - AAL Funded <br />Valuation Assets Entry Age (UAAL) Ratio <br />Date (a) (b) (b-a) (alb) <br />2005 $43,001,769 $53,388,381 $10,386,612 80.5% <br />2006 47,065,757 58,587,551 11,521,794 80.3 <br />2007 49,108,552 69,582,807 20,474,255 70.6 <br /> <br />77 <br /> <br />Covered <br />Payroll <br />(c) <br />15,137,017 <br />14,879,306 <br />15,611,200 <br /> <br />UAAL as a <br />Percentage <br />of Covered <br />Payroll <br />[(b-a)/c] <br />68.6% <br />77.4 <br />131.2 <br />