TCDRS COLA Decision-Making Quiz
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Questions and Answers

Who makes the decision at the employer level to pass a COLA for counties?

  • The TCDRS administers
  • The commissioners court (correct)
  • The board of directors
  • The retirees
  • What type of benefit payment is the TCDRS benefit?

  • Discretionary benefit payment
  • Fixed benefit payment (correct)
  • Variable benefit payment
  • Inflation-adjusted benefit payment
  • When are retirees sent a Benefit Statement showing their payment amount for the upcoming year?

  • February
  • January (correct)
  • November
  • December
  • What must each employer consider when deciding whether to adopt a cost-of-living adjustment?

    <p>The cost of their total benefits package</p> Signup and view all the answers

    When do increases in cost-of-living adjustments become effective?

    <p>January 1st of plan year</p> Signup and view all the answers

    What entity makes plan decisions for districts regarding cost-of-living adjustments?

    <p>The board of directors</p> Signup and view all the answers

    When are retirees provided with a Benefit Statement indicating their payment amount for the upcoming year?

    <p>January</p> Signup and view all the answers

    What type of annuity is one of the two types of cost-of-living adjustments mentioned?

    <p>CPI (Consumer Price Index) - based annuity</p> Signup and view all the answers

    Who authorizes and funds any cost-of-living adjustment for TCDRS members?

    <p>The former employer</p> Signup and view all the answers

    What is the nature of the TCDRS benefit payment?

    <p>Fixed benefit payment</p> Signup and view all the answers

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