TCDRS portfolio is built to handle volatility
While concerns over the 2019 Novel Coronavirus (COVID-19) have sent the stock market tumbling, remember the TCDRS portfolio was designed to handle swings in the financial markets.
We have a diversified portfolio, which means we don't put all of our eggs in one basket. Having many types of investments not only reduces our exposure to risk, but also allows us to take advantage of opportunities across a variety of asset classes and even within the classes themselves. For a closer look at what we’re invested in, visit Our Assets.
TCDRS is a long-term investor. Because we have an investment horizon of 30-plus years, we can weather short-term storms in the market.
Our investments staff is monitoring the markets closely. We recognize the current volatility is difficult for many market participants, but TCDRS is well-suited to handle it.
Keep in mind that investment markets are usually cyclical. Market downturns are typically followed by periods of recovery and growth.
Your TCDRS benefits are secure
As a member of TCDRS, your retirement savings is not affected by swings in the stock market. Your account will keep earning 7% compound interest each year. That interest rate is set by Texas state law.
If you are receiving monthly benefit payments from TCDRS, your payment amount is also not affected by swings in the stock market. You will continue to receive the same payment amount each month, regardless of what's happening in the market.
TCDRS limiting staff travel and Walk-ins
TCDRS is no longer conducting walk-in counseling sessions at our physical location, and we are limiting all staff non-essential travel due to concerns about the 2019 Novel Coronavirus (COVID-19) outbreak.
Our staff is still providing services remotely and through our call center. They can:
- Answer member and employer questions by phone.
- Set up conference calls and webinars.
- Conduct online counseling sessions.
- Schedule calls with members who would like to talk about their account in more detail.
We will continue to monitor the situation and reassess our travel as needed. If you have any questions, please contact TCDRS Member Services at 800-823-7782.