COVID-19 and TCDRS

The Novel COVID-19 virus has had a significant impact on global financial markets, as well as travel and other aspects of everyday life. 

While the investment markets are tumbling, TCDRS’ highly diversified portfolio is designed to handle this type of market volatility. 

At TCDRS, we are also committed to respecting the safety and concerns of our members, employers and our staff.  

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.

 

 

02.18.20

Estimated portfolio and asset class returns as of Dec. 31, 2019

TCDRS’ estimated investment return for 2019 is 15.6% net of all fees. The estimated returns for individual asset classes (also net of all fees) are: ...

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12.11.19

TCDRS Elects Chair and Vice Chair

The Board of Trustees of the Texas County & District Retirement System (TCDRS) elected Tarrant County Clerk Mary Louise Nicholson as its new vice chair and re-elected former Harris County Judge Robert Eckels as chair at its Decem...

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