Tarrant County is part of the Texas County and District Retirement System (TCDRS). TCDRS has over 780 employers and over 305,000 members and retirees. While the County is a part of TCDRS, the Tarrant County Commissioners Court defines the benefit plan for county employees and retirees.
The basic plan options include:
Employee Deposit Rate | 7.0% |
Employer Matching | 200% |
A county employee is eligible for retirement if any of the following criteria are met:
Vested at Age 60 | 8 years of full-time service |
Rule of 75 | 75 points = age + years of service |
At Any Age | 30 years of service |
See the Actuarial Information for the County below:
Plan Assets & Liabilities (In Thousands) |
|
Actuarial accrued liability (AAL) |
$1,667,799 |
Actuarial value of assets (AVA) |
$1,394,031 |
Unfunded actuarial accrued liability (UAAL) |
$273,768 |
Funded Ratio (AVA/AAL) |
83.59% |
Remaining amortization period |
6 years |
Assumed rate of return |
8% |
Valuation payroll |
$254,133 |
UAAL as a percent of covered payroll |
107.73% |
Actuarial Methodology
Chart 1: Achieving Long-term Investment Goals
To help mitigate risk, Tarrant County Commissioners Court works closely with TCDRS to ensure the County’s retirement plan entails a diversified portfolio. As of April 2019, the County’s asset allocation included the following:
Actuarially Determined Contribution Rate versus the Actual Total Contribution Rate for Tarrant County
For calendar year 2020, Tarrant County Commissioners Court elected a Total Contribution Rate of 19.50% of payroll, which will go towards funding the County’s retirement plan. This rate is actually higher than the Determined Contribution Rate of 14.11% for the same period. By contributing above the required rate, the County is investing in current employees’ future benefits and paying down its unfunded liability within 20 years.
Below Chart 2 compares the Actuarially Determined Contribution Rates versus Tarrant County's Actual Total Contribution Rates. Over the last four years, Tarrant County Commissioners Court has continued to pay above the required amount to pay down the unfunded liability.
Below, Chart 3 shows the five year history of Tarrant County's Actuarial Value of Assets versus Actuarial Accrued Liabilities. This data can be found in the Tarrant County Comprehensive Annual Financial Report.
Chart 3 does not include the Community Supervision and Corrections Department actuarial valuation results.
Documents
Tarrant County Fiduciary Net Position (Excel)
Other Helpful Tools
Texas Comptroller of Public Accounts public pension search tool
County Telephone Operator 817-884-1111
Tarrant County provides the information contained in this web site as a public service. Every effort is made to ensure that information provided is correct. However, in any case where legal reliance on information contained in these pages is required, the official records of Tarrant County should be consulted. Tarrant County is not responsible for the content of, nor endorses any site which has a link from the Tarrant County web site.
100 E. Weatherford, Fort Worth, Texas 76196
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