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