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County told employer contribution rate for TCDRS 2026 will be 14.49%; court accepts plan presentation
Summary
A TCDRS representative presented the county's actuarial valuation and reported a required employer contribution rate of 14.49% for 2026 (elective rates discussed); the commissioners accepted the presentation and recorded a motion to proceed. Staff noted the county is about 87% funded and that paying an elective higher rate would accelerate funded status.
A representative of the Texas County & District Retirement System (TCDRS) told the Chambers County Commissioners Court on Dec. 9 that the county's actuarial valuation (based on year-end 2024) sets a required employer contribution rate of 14.49% for 2026.
The presenter described plan features: a 7% employee deposit rate, a 250% employer match (adopted earlier), an eight-year vesting period and the "Rule of 75" retirement…
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