Highlights from TCDRS’ 2019 CAFR
We serve a diverse range of county and district employees across Texas. Our members work in our ports, our parks, and in urban areas and in rural towns to provide valuable services to their communities. Our 2019 Comprehensive Annual Financial Report (CAFR), which is now available here, highlights the valuable work of our members and employers.
Our unique plan helps employers provide reliable benefits to their employees. Employers pay 100% of their required rates and members save for their own retirements over the course of their careers. At retirement, benefits are based on a member’s final savings balance and employer matching.
As of Dec. 31, 2019, TCDRS has grown to include nearly 800 counties and districts. We serve more than 320,000 members, including more than 70,000 benefit payees. Our 2019 investment return was 16.6%, and our 30-year return was 8.0%.
We are proud to help hard-working Texans retire with confidence.