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TCDRS official: Hood County retirement plan remains well funded; 2027 rate set at 10.14%
Summary
Amy Campbell of the Texas County & District Retirement System told Hood County commissioners the county plan is roughly 99.1% funded and the system is about 91% funded; she said the 2027 required contribution rate will be 10.14% unless the court submits plan changes by Dec. 15.
Amy Campbell, a representative of the Texas County & District Retirement System, told commissioners the retirement program that serves Hood County remains in strong financial condition.
“We are 91% funded as a system, but with our reserves, we're over 100% funded,” Campbell said during the July 28 meeting, adding that the county’s own plan is about 99.1% funded. She outlined the funding mix for benefits — roughly 74¢ of every benefit dollar comes from investment returns, about 15¢ from employer contributions and 11¢ from employees — and described the plan as savings-based and locally controlled.
Campbell said the required employer rate for Hood County for plan year 2027 will be 10.14% of payroll, up slightly from the prior year. She reminded the court that any change to the county’s benefit design or deposit rates must be submitted to TCDRS by Dec. 15 to take effect Jan. 1.
County officials asked for references in the audit and actuarial schedules; Campbell pointed commissioners to the system’s online tools for plan customization and experience studies. The update closed with commissioners thanking Campbell for the presentation and noting that the plan’s funded status reflects prior policy choices to fund increases upfront.
The court did not take immediate action on benefit changes during the meeting; Campbell encouraged officials to review options and return any proposed plan changes before the December deadline.
