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Court approves market movement, PFP allocation and 40% CPI COLA; keeps TCDRS contribution at 10%
Summary
The commissioners approved funding for market movement and a county-wide PFP plan, approved a 40% CPI cost-of-living adjustment to pensions, then opted to keep the TCDRS contribution rate at 10 percent.
Collin County Commissioners Court approved several personnel pay decisions during its budget workshop, including a market-movement pay allocation, countywide performance-pay funding and actions on retirement COLA and contribution rates.
Most significant items passed during the workshop: - Market movement: court approved funding described as "market movement" for employees, totaling $3,127,763 (motion passed 4-1). Budget staff and HR recommended market movement over PFP to address compression…
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