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Parker County keeps TCDRS contribution rate; court declines retiree COLA motion
Summary
Following a staff presentation on pension funding and retiree COLA scenarios, the court voted to keep the current elected TCDRS contribution rate rather than adopt an immediate retiree COLA funding change.
Becky, a county staff member who led the pension segment, summarized the Texas County & District Retirement System (TCDRS) options the court reviewed for FY2026. She outlined costs for several retiree-COLA scenarios — from a modest flat-dollar payment to fully indexing to CPI — and explained how those choices would affect the county’s funding ratio and long-term obligations.
Becky recommended staying with the current elected contribution rate. A motion to remain at the existing elected rate was made by Commissioner Holt and seconded by Commissioner Walden; the court recorded the motion as carried (vote recorded as 4–0). Becky said the county has been overfunding in recent years and keeping the current approach preserves the funding gains that enable future retiree COLAs to be paid out of plan earnings rather than financed.
