10 Questions
Who makes the decision at the employer level to pass a COLA for counties?
The commissioners court
What type of benefit payment is the TCDRS benefit?
Fixed benefit payment
When are retirees sent a Benefit Statement showing their payment amount for the upcoming year?
January
What must each employer consider when deciding whether to adopt a cost-of-living adjustment?
The cost of their total benefits package
When do increases in cost-of-living adjustments become effective?
January 1st of plan year
What entity makes plan decisions for districts regarding cost-of-living adjustments?
The board of directors
When are retirees provided with a Benefit Statement indicating their payment amount for the upcoming year?
January
What type of annuity is one of the two types of cost-of-living adjustments mentioned?
CPI (Consumer Price Index) - based annuity
Who authorizes and funds any cost-of-living adjustment for TCDRS members?
The former employer
What is the nature of the TCDRS benefit payment?
Fixed benefit payment
Test your knowledge about COLA decisions in the TCDRS retirement system. Learn about the authority and funding for COLA, as well as who makes the decision at the employer level to pass a COLA. This quiz covers the roles of commissioners courts for counties and boards of directors for districts in making plan decisions.
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