Commissioners Court Meeting
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Meeting Date:
11/09/2020
TCDRS Plan Agreement
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 2021 with a retirement plan rate of 12.30% effective January 1, 2021.
Issue:
The current retirement plan rate for the county is 12.30%. The rate will not change in year 2022, due to Covid-19, the county will have a cushion for the investment loss.
Solution:
Rate remains the same and will not impact the county with a negative effect of Covid-19.
Result:
The plan rate remains the same.
Background:
N/A
Previous Court Action:
Fiscal Impact
Budget Account Number:
N/A
Funding Source:
N/A
Balance:
N/A
Financial Impact:
N/A
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