Commissioners Court Meeting

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Meeting Date:	05/24/2021
TCDRS
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) Plan Agreement for Plan year 2022 with a retirement employer’s contribution rate of 13.64% effective January 1, 2022, and any other matters incident thereto.

Issue: The current retirement plan for the County is 12.30%, TCDRS recommended rate for 2022 is 13.64% and employee contribution is 6.00%. The employer’s contribution will increase by 1.34% ($993,068). Our County TCDRS total contribution for 2022 is projected at $10,108,545. This revision must be made before December 15, 2021.

Solution: Approval of the recommended revisions at this time will help the County ascertain the impact on the 2022-2023 budget.

Result: Approval of these revisions will be within the TCDRS time line 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