Texas County & District Retirement System

Overview

Contact Information:
901 S. MoPac Expy
Barton Oaks Plaza IV, Suite 500
Austin, TX 78746
http://www.tcdrs.org
Phone: (512) 328-8889
Fax: (512) 328-8887

Classification: Statewide
Year Created: 1967
Fiscal Year-End Month: 12

Total Members : 361,639

  Active Members: 145,226
  Inactive Members : 134,382
  Total Annuitants: 82,031
  (Effective Date: 12/31/2022)


Financials

(Effective Date: 12/31/2022)

Total Net Assets: $41,968,517,717

Total Assets : $42,354,864,817
Total Liabilities : $386,347,100
Total Additions : $1,790,358,213
Employer Contributions:
$1,200,119,263
67.03%
Employee Contributions:
$588,035,367
32.84%
Other Contributions:
$0
0.00%
Investment Income:
$0
0.00%
Other Income:
$2,203,583
0.12%

Total Deductions  : $2,158,308,206
Benefit Payments:
$116,292,898
5.39%
Withdrawals:
$1,963,053,430
90.95%
Administrative Expenses:
$26,797,956
1.24%
Investment Expenses:
$49,164,361
2.28%
Other Expenses:
$2,999,561
0.14%

Total Contribution Rate: 12.31%
(Effective Date: 12/31/2022)
Employer: 6.78%
Employee: 19.09%

Historical Investment Returns

(Report Date: 12/31/2022)
—  Assumed Rate of Return 7.50%
  • 1-Year Return: -0.058
  • 3-Year Return: 0.0829
  • 10-Year Return: 0.0827
  • 30-Year Return: 0.0758
  • Note: Rates of return are reported net of fees.
  • Investment Policy Details
  • Assumed Rate of Return : 7.50%

Actuarial

Note: Amortization period is calculated using system-wide aggregate UAAL and payroll amounts.
(Effective Date: 12/31/2022)
Actuarial Value of Assets : $41,968,517,717
Market Value of Assets: $40,924,046,489
Actuarial Assumption Details

Actuarial Funded Ratio : 90.85%

Market Funded Ratio: 88.59%

Amortization Period (Yrs) : 15.4
Unfunded Liability : $5,270,408,579
Unfunded Liability per Member: $14,574

Benefit Tier Details


Benefits Information is not available for this plan.

Investment Policy Details

Effective Date: Not Available.


No Investment Policy information available.