Podcast
Questions and Answers
Who makes the decision at the employer level to pass a COLA for counties?
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?
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?
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?
What must each employer consider when deciding whether to adopt a cost-of-living adjustment?
When do increases in cost-of-living adjustments become effective?
When do increases in cost-of-living adjustments become effective?
What entity makes plan decisions for districts regarding cost-of-living adjustments?
What entity makes plan decisions for districts regarding cost-of-living adjustments?
When are retirees provided with a Benefit Statement indicating their payment amount for the upcoming year?
When are retirees provided with a Benefit Statement indicating their payment amount for the upcoming year?
What type of annuity is one of the two types of cost-of-living adjustments mentioned?
What type of annuity is one of the two types of cost-of-living adjustments mentioned?
Who authorizes and funds any cost-of-living adjustment for TCDRS members?
Who authorizes and funds any cost-of-living adjustment for TCDRS members?
What is the nature of the TCDRS benefit payment?
What is the nature of the TCDRS benefit payment?
