Employers maintain benefit levels for 2019
For 2019, most TCDRS employers maintained their current benefit levels.
Of those employers that made plan changes, 53 adopted benefit increases and 2 decreased benefits. In addition, 51 employers adopted cost-of-living adjustments (COLAs) for retirees for 2019. This is an increase from last year, when 44 adopted COLAs.
Employers continue making additional contributions to their plans:
261 employers (33.4%) have elected rates for 2019, which means they have chosen to pay a higher rate than required. This helps buffer against future adverse experience and pays down any liabilities faster.
88 employers (11.3%) made additional contributions to their plans in 2018. These extra, one-time contributions help employers pre-fund benefit increases and pay down liabilities faster.