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Commissioners approve TCDRS retirement plan rates for 2026; county pension reported as 91% funded

3734228 · June 10, 2025

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Summary

Mills County approved the Texas County & District Retirement System (TCDRS) plan rates for 2026; staff reported the county’s pension plan is roughly 91% funded and recommended maintaining the proposed contribution structure.

Mills County commissioners voted to approve the Texas County & District Retirement System (TCDRS) plan rates for 2026 as presented.

Staff reported the county’s retirement plan is approximately 91% funded and that the retirement plan returned about 10% in the referenced period. For 2026, the presented contribution rates included a 14% employee deposit rate and a group life rate of 0.13% for the county’s plan materials.

Commissioners discussed an earlier, separate request for a cost‑of‑living adjustment (COLA) for retirees, noting the county has roughly 50–55 retirees and that the board has not increased retiree COLA since 2017; however, commissioners said current budget pressures make an immediate retiree COLA unlikely.

A motion to approve the TCDRS plan for 2026 was seconded and passed by voice vote. Staff said the actuarial and audit information supports the plan’s funding status and recommended no change to the county’s proposed structure at this time.