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Meeting Date:	10/11/2022
TCDRS COLA Retirees
Submitted for:	Margie Gomez	Submitted By:	Margie Gomez
Department:	Human Resources

Subject:

Discussion and possible action to approve a Consumer Price Index (CPI) and Cost of Living (COLA) adjustment for current retirees. The new Texas County & District Retirement System (TCDRS) Plan Agreement for Year 2023 will have a retirement plan rate of 13% that was approved by Commissioners Court on May 9, 2022.

Issue: The Plan Agreement that was approved on May 9, 2022, did not include a Cost of Living (COLA) adjustment for retirees.

Solution: The Cost of Living adjustment will help all retirees restore their purchase power.

Result: Approval of this revision will be within TCDRS timeline.

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 COLA Retirees