Commissioners Court Meeting
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Meeting Date:
11/09/2020
Adoption of Agreement
Submitted for:
Margie Gomez
Submitted By:
Margie Gomez
Department:
Human Resources
Subject:
Discussion and possible action to approve the Texas County and District Retirement System (TCDRS) 415 Agreement; and authorizing the County Judge to sign all relevant documents and any other matters incident thereto.
Issue:
Currently, Section 415 of the Internal Revenue Service (IRS) amended the limitation cap of the total amount of annual retirement benefit payments
Solution:
Adopting TCDRS 415 Agreement will allow the county to make up for payments that would have been reduced by Section 415.
Result:
Adoption of this Agreement, will place the county in compliance with TCDRS and IRS Mandates.
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
Adoption of Agreement
TCDRS
TCDRS 415 Table
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