25.
Commissioners Court Meeting
- Meeting Date:
- 11/12/2024
- Title:
- TCDRS Plan Assessment for Year 2025
- Submitted for:
- Monica Flores
- 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 2025, which includes a required employer contribution rate of 12.94% effective January 1, 2025, and any other matters incident thereto.
Issue: The current employer-required contribution rate for Webb County is 13.12%, while the TCDRS rate for 2025 is set at 12.94%. The employee deposit rate will remain at 6.00%. This revision must be completed before December 15, 2024.
Solution: Approving the recommended revision now will help Webb County align its retirement plan contributions with the 2024–2025 budget.
Result: Approval of this revision will comply with the TCDRS timeline and will adhere to the required employer contribution rate set by TCDRS.
Issue: The current employer-required contribution rate for Webb County is 13.12%, while the TCDRS rate for 2025 is set at 12.94%. The employee deposit rate will remain at 6.00%. This revision must be completed before December 15, 2024.
Solution: Approving the recommended revision now will help Webb County align its retirement plan contributions with the 2024–2025 budget.
Result: Approval of this revision will comply with the TCDRS timeline and will adhere to the required employer contribution rate set by TCDRS.
Background:
N/A
Previous Court Action:
Fiscal Impact
- Budget Account Number:
- N/A
- Funding Source:
- N/A
- Balance:
- N/A
Financial Impact:
N/A