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Freestone Commissioners review retiree COLA options; no change to 1% flat COLA at meeting
Summary
Texas County & District Retirement System (TCRS) representatives outlined the cost and funded‑ratio effects of switching from an already‑approved 1% flat COLA to a 10% CPI‑based COLA; commissioners were told the 1% option would cost about $229,944 overall and the larger CPI option would add roughly $20,817 per year over 15 years; the court took no action to change the prior decision.
Representatives from the Texas County & District Retirement System presented cost estimates and funding impacts for potential cost‑of‑living adjustments for Freestone County retirees.
Greg Ashcroft and Richard (TCRS representatives) explained that a 1% flat COLA across all retirees would cost the county about…
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