Commissioners Court Meeting
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Meeting Date:
10/23/2023
TCDRS Plan Assessment for Year 2024
Submitted for:
Melinda Mata
Submitted By:
Margie Gomez
Department:
Human Resources
Subject:
Discussion with possible action to approve the Texas County & District Retirement System (TCDRS) Plan Agreement for Plan Year 2024 with a retirement plan required rate of 13.12% effective January 1, 2024, and any other matters incident thereto.
Issue:
The current employer retirement plan required rate for Webb County is 13.00%, The TCDRS employer required rate for 2024 is 13.12%. The employee deposit rate remains at 6.00%. This revision must be made before December 15, 2023.
Solution:
Approval of the recommended revision at this time will help Webb County keep retirement up to par with the 2023 - 2024 budget.
Result:
Approval of this revision will be within the TCDRS timeline and will be in line with TCDRS 's employer required 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 Plan Assessment for Year 2024
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