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Court keeps TCDRS plan assessment rate for 2025 amid questions about coverage
Summary
Commissioners approved leaving the county's TCDRS plan assessment rate for 2025 at the stated value after questions about whether it covers projected plan expenditures; specific numeric references in the transcript included '88.6%' and discussion of required versus applied rates.
Newton County Commissioners Court approved a 2025 assessment rate for the county's participation in the Texas County & District Retirement System (TCDRS) during its Sept. 10 session.
Commissioners discussed the retirement-system required rate (transcript cites '7.02') and the rate the county applied in its plan calculations (the transcript contains several numeric references including '88.6%' and '8.67'); members asked whether the selected rate would cover the plan's expenditures before approving the motion. Commissioner White moved and 'Mr P' seconded the motion; the court recorded approval.
The transcript does not include an explicit written citation of the TCDRS rate-setting document or the exact actuarial calculation; the court's discussion indicates they considered required rates and the practical coverage of the plan for 2025.
County staff or the county actuary should be able to provide the definitive numeric rate and actuarial basis; the meeting record does not list a dollar amount or actuarial schedule.
