Highlights from the 2024 TCDRS Annual Report

Our Annual Comprehensive Financial Report highlights our strong financial position, growth and commitment to serving our membership. Here are key takeaways from our latest report, which covers the year ended Dec. 31, 2024.

From the Pecos River High Bridge in Comstock to the Pennybacker Bridge in Austin and the Regency Bridge in San Saba, Texas is known for its iconic bridges — landmarks that connect varied landscapes, traverse rivers and unite communities.

Like those bridges, the Texas County & District Retirement System spans the gap between our legacy of serving local governments and the innovations that prepare us for what lies ahead. By linking tradition and technology, TCDRS is strengthening services, improving efficiency, enhancing security and delivering a brighter future for more than 394,000 hardworking Texans.

Here are three important takeaways from this year’s report:

1. 2024 Investment Return

Since 1967, TCDRS has grown into a $51 billion trust. We continue to be well-funded at 97% with a healthy reserves fund that may be used to offset future adverse experience.

TCDRS is a long-term investor with a fully diversified portfolio. The board constructs the investment portfolio to maximize returns within an acceptable level of risk. In 2024, the portfolio returned 10.3%, net of all fees, and our 30-year return was 8.0%.

2. TCDRS Powers the Texas Economy

Today, TCDRS partners with 890 counties and governmental districts to provide reliable retirement, disability and survivor benefits to more than 394,000 hardworking Texans.

In 2024, we paid $2.4 billion in benefits to retirees and former members, and 95% of these benefits went to Texas residents. That income serves as an economic engine to our local Texas communities, creating jobs and generating additional economic activity.

3. Ongoing Digital Transformation

In 2024, TCDRS expanded technology and services to provide a fully digital experience for managing accounts and applying for benefits via the web or contact center. Members can now manage representatives online and apply for survivor benefits digitally, reducing processing time and improving service.

Investments & Finance