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CLEAT continues to look out for Members Retirement
Updated On: Mar 10, 2018

CLEAT continues to diligently watch and protect the retirement benefits of our members. On November 29th, CLEAT was the only labor representative in attendance for the quarterly meeting of the Texas County and District Retirement System. The TCDRS board made important decisions with regards to plan benefits for 2013 during this meeting. Fortunately, no benefits were reduced or changed negatively. The board basically voted to maintain the status quo. The board voted not to grant a COLA to retirees for the 5th year in a row. TCDRS has not granted a COLA since 2008. TCDRS’s reasoning for not granting a COLA was because of increasing employer rates in 2013 and extremely low inflation.

The board also voted to maintain the 7% maximum deposit rate, the 200% matching rate, and the current retirement eligibility options available to each county and district.

TCDRS is a cash balance defined benefit plan. Employees and employers make deposits into the employees account and upon retirement, the employees defined benefit is based on the balance in the account.

County members can see exactly what benefit options they have by checking their county’s plan here:

https://www.tcdrs.org/WHYTCDRS/Pages/FindAPlan.aspx


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TCSOA Board of Directors 2018
President
Christina Dail
Vice President
Michael Shumard
Secretary
Michael Pietrowski
Treasurer
Audrey Segura
Place 1
Dorsey Allen
Place 2  
Michael Tobias
Place 3
vacant
Place 4
Ashley Miller
Place 5
Felicia Cabral
Political Action Chair
Darnell Dail
 
 

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