Commissioners Court Meeting

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Meeting Date:	05/09/2022
TCDRS
Submitted for:	Margie Gomez	Submitted By:	Margie Gomez
Department:	Human Resources

Subject:

Discussion and possible action to approve the Texas County & District Retirement System (TCDRS) Plan Agreement for Plan Year 2023 with a retirement plan rate of 13.00% effective January 1, 2023, and any other matters incident thereto.

Issue: The current retirement plan for the County is 13.64%, TCDRS recommended rate for 2023 is 13.00% and employee contribution is 6.00%. The revisions must be made before December 15, 2022.

Solution: Approval of the recommended revisions at this time will help the County ascertain the impact on the 2023-2024 budget.

Result: Approval of these revisions will be within the TCDRS timeline and is in line with TCDRS employer’s recommended contribution rate.

Background:

N/A

Previous Court Action:

Fiscal Impact

Budget Account Number:	N/A
Funding Source:	N/A
Balance:	N/A
Financial Impact:
N/A

Attachments
TCDRS