Commissioners Court Meeting
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Meeting Date:
05/09/2022
TCDRS
Submitted for:
Margie Gomez
Submitted By:
Margie Gomez
Department:
Human Resources
Subject:
Discussion and possible action to approve the Texas County & District Retirement System (TCDRS) Plan Agreement for Plan Year 2023 with a retirement plan rate of 13.00% effective January 1, 2023, and any other matters incident thereto.
Issue:
The current retirement plan for the County is 13.64%, TCDRS recommended rate for 2023 is 13.00% and employee contribution is 6.00%. The revisions must be made before December 15, 2022.
Solution:
Approval of the recommended revisions at this time will help the County ascertain the impact on the 2023-2024 budget.
Result:
Approval of these revisions will be within the TCDRS timeline 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
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