ORDER NO. 28863
TCDRS PLAN RATE AND PLAN
CHANGES FOR 2005
Came to be heard this the 12th day of October 2004 with a motion made by
Commissioner Letz seconded by Commissioner Baldwin, the Court unanimously
approved by a vote of 4-0-0 to approve the TCDRS plan rate and reitree's cost-of-living
insurance to put 50% of C.P.I. for retiree's cost-of-living insurance.
U ~~
COMMISSIONERS' COURT AGENDA REQUEST
PLEASE FURNISH ONE ORIGINAL AND NINE COPIES OF THIS REQUEST AND
DOCUMENTS TO BE REVIEWED BY THE COURT.
MADE BY: Barbara Nemec
MEETING DATE: October 12, 2004
OFFICE: Treasurer
TIME PREFERRED: A.M.
SUBJECT: (PLEASE BE SPECIFIC) Consider and discuss TCDRS Plan Rate and Plan Changes for
2005.
EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON}
NAME OF PERSON ADDRESSING THE COURT: Barbara Nemec
ESTIMATED LENGTH OF PRESENTATION: 5 mires.
IF PERSONNEL MATTER -NAME OF EMPLOYEE:
Time for submitting this request for Court to assure that the matter is posted in accordance with Title 5, Chapter
551 and 552, Government Code, is as follows:
Meeting scheduled for Mondays
THIS REQUEST RECEIVED BY:
THIS REQUEST RECEIVED ON:

All Agenda Requests will be screened by the County Judge's Office to determine if adequate information has been
prepared for the Court's formal consideration and action at time of Court Meetings. Your cooperation will be
appreciated and contribute towards you request being addressed at the earliest opportunity. See Agenda Request Rules
Adopted by Commissioners' Court.
5:00 P.M. previous Tuesday.
couNTr a
TEXAS ORDER AMENDING A CURRENT VARIABLE-RATE PLAN
OI STRICT
RETIREMENT COU11ty -Revised 2004
SYSTE M
Employer # 232
_ ....
Part One: Form of Minutes for Adoption of Order
THE STATE OF TEXAS
COUNTY OF Kerr
On this the
Kerr
12th October 4
day of 200 ,the Commissioners Court of
Regular
County, Texas ("the County") was convened in
session with the following members present:
Pat Tinley
Buster Baldwin
Bill Williams
Jonathan Letz
Dave Nicholson
Jannette Pieper
County Judge
Commissioner, Precinct #1
Commissioner, Precinct #2
Commissioner, Precinct #3
Commissioner, Precinct #4
County Clerk
Mr./I~. williarls moved that the order, (Exhibit One of these minutes), be adopted by
the County. The motion was seconded by Mr./mss. Baldwin ,and was adopted with the
following members voting AYE: Baldwin, Williams , , Letz , Licholson ,
,and ;and the following members voting NO: ,
and
TCDRS * PO Box 2034 Austin, TX 78768 * 800-823-7782 * 512-328-8889 * Fax 512-328-8887 * www.tcdrs.org
Page I of 6
TEXAS ORDER AMENDING A CURRENT VARIABLE-RATE PLAN
COUNTY i
DISTRICT
RETIREMENT COUnty -Revised 2004
SYSTEM
_... . _ _ _.._ ._ ~. _.. - _ .. ~,. . _........_, ........ m.. _.
Part Two: dorm :of Order to_be Adopted and Included in Minutes
Exhibit One
Order Amending a Current Variable-Rate Plan
ADCR: (Subchapter H, Chapter 844)
WHEREAS, the County is a participating subdivision in the Texas County and District Retirement
System (hereafter "System") under Subtitle F, Title 8, Government Code (hereafter "TCDRS Act's; and
WHEREAS, the County previously adopted the Annually Determined Contribution Rate (referred to as
variable-rate) plan under Subchapter H, Chapter 844 of the TCDRS Act and made certain elections and
selections authorized by said Act; and
WHEREAS, the Commissioners Court finds it to be in the public interest to amend or add to the
selections previously made by the County; now, therefore, be it ORDERED, That:
Employee Deposit Rate
For each payroll period from and after January 1, 2005, member deposits of each eligible County
employee shall be made to the System at the rate of
7
%1 of compensation; and such
deposits shall be certified by the subdivision correspondent and transmitted to the System for deposit to
the individual employee account.
Current Service Credit Percentage
For county service performed on and after January 1, 2045, each member shall receive multiple matching
credit, which, when added to the rate used to determine the current service credit allowable under Section
843.403, will total ~ 9n %Z of the members deposits. Current service credit for periods
ending prior to January 1, 2005, shall be the greater of the rate in effect on December 31, 2004, or the
rate to take effect January 1, 2005.
I11. Prior Service Credit Percentage
Allocated (special) prior service credits granted to any member by the County and in effect on
December 31, 2004, shall be recomputed at
service credit of each member affected.
p3 of the maximum (special) prior
t 4%, 5%, 6% or 7%, unless a lower percrntage is required under Section 844.703(h) of the TCDRS Act
z The percentage maybe 100%, 125%,150%,175%, 200%, 225% or 250% or the percrntage currently in effect.
145
s Must be a multiple of 5%; may be the same as, but aot less than the percrntage previously adopted.
TCDRS * PO Box 2034 Austin, TX 78768 * 800-823-7782 * 512-328-8889 * Fax S 12-328-8887 * www.tcdrs.org
Page 2 of 6
couNr~ i
TEXAS ORDER AMENDING A CURRENT VARIABLE-RATE PLAN
oiaTaicr
aE~iaeMeNr Cpunt~/ -Revised 2004
SYSTE M
IV. Selection and Adoption of Optional Credits and Benefits
Effective January 1, 2005, in accordance with Section 844.704 of the TCDRS Act, the County adopts the
following additional rights, credits and benefits (see Footnote 4). In order to adopt any of the optional rights,
credits and benefits described in this section, the county judge must initial in the space preceding each option
selected.
Only ON the optional benefit increases for current annuitar~tr listed below may be selected.
CPI-Based Annuity Benefit Increase under Sec. 844.208 at the increase basis of 50 %
The percentage rate may be 30%, 40%, 50%, 60%, 70%, or 80% of the change in the
Consumer Price Index (CPI).
Flat-Rate Annuity Benefit Increase under Sec. 844.209 at the increase basis of
The percentage rate must be an integer (i.e., 1%, 2%, 3%, etc.).
,.
Please do ~ot.initia! options or credits:listed below if previously, authorized by the county:
Optional 8-Year/Age b0 Retirement Eligibility under Sec. 844.210
8-year service eligibility requirement for vesting, service and disability retirement.
Optional Rule of 75 Retirement Eligibility under Sec. 844.21 1
A member shall have the right to retire and receive a service retirement annuity when the years of
such credited service added to his or her years of attained age equals or exceeds seventy-five (75).
Optional 20-Year/Any Age Retirement Eligibility under Sec. 844.2 12
A member shall have the right to retire and receive a service retirement annuity when the years of
such credited service equals or exceeds twenty (20).
Partial Lump-Sum Payment on Service Retirement under Sec. 844.009
At service retirement, this option allows members to receive a portion of their retirement benefit
in the form of a partial lump sum distribution that cannot exceed 100% of their account balance.
Credited Service for Qualified Military Service under Sec. 843.b0 I (c)
Military service typically performed prior to becoming an employee of the county. An eligible member
is one who has service equaling at least the minimum period required to retire at age 60 with the county.
Reinstater1aetrt of previously forfeited.service requires an actuarial study. Please cortEact TCDRS' for more
,.. ,,
inforrnztion.
Reinstatement (Buyback) of Previously Forfeited Service Credit under Sec. 843.003
You must receive an actuarial study describing the potential employer costs for granting this credit. To
request a study, please contact TCDRS before October 1.
~ An explanation of the optioaal rights, aedits and benefits described on this page can be found in the attached instructions or by
contacting TCDRS. Please refer to the Exhibit A for Yeaz 2005 to determine the additional employer rate associated with authorizing a
particular optional right, credit and benefit descabed in this section.
TCDRS * PO Box 2034 Austin, TX 78768 * 800-823-7782 * 512-328-8889 * Fax 512-328-8887 * www.tcdrs.org
Page 3 of 6
eouNTr c
TEXAS ORDER AMENDING A CURRENT VARIABLE-RATE PLAN
DISTRICT
RETIREMENT COUli1~/ -Revised 2004
SYSTE M
V. Employer Contribution Rate
The County hereby undertakes to make monthly normal contributions and prior service contributions
to the System at an employer contribution rate that equals or exceeds the minimum required
contribution rate (i.e., the "Total Rate" on the Exhibit A for 2005 plus the additional rates for any
optional rights, benefits and credits elected in Section I~ determined from year to year by the actuary
of the System, and approved by the Board of Trustees of the System as provided by Subchapter H of
Chapter 844. Such employer contribution rate, which does not include the rate for "picked-up"
contributions under Section 845.403(1) and the rate, if any, for contributions to the Supplemental Death
Benefits Fund under Section 845.406, shall not exceed the statutory maximum employer contribution
rate prescribed by Section 844.703(c) (currently 11 percent) unless this Commissioners Court elects to
waive that statutory limit. Any waiver of the statutory maximum rate made in accordance with Section
844.703(c) shall remain in effect until January 1 of the year following the year in which the
Commissioners Court repeals the waiver. An "elected" employer contribution rate adopted by the
Commissioners Court that exceeds the Total Rate plus the additional rates for any optional rights,
benefits and credits elected in Section IV, shall remain in effect until rescinded by the Commissioners
Court or the Total Rate exceeds the "elected rate" in a subsequent year. For the 2005 year, the
County shall make employer contributions to the System at the employer contribution rate of
7.90
%5.
5 The employer contribution rate should equal either (a) or (b):
(a) the Total Rate shown on the Exhibit A for Year 2005, plus the sum of (if authorized):
1) the additional rate for the cost-of--living annuity benefit increase under Section 844.208 (CPI-Based Benefit Increase) or under
Section 844.209 (Flat-Rate Benefit Increase); plus
2) the additional rate for 8-year vesting and retirement eligibility at age 60; plus
3) the additional me for Rule of 75 early retizemrnt eligibility; plus
4) the additional me for 20-year retirement eligibility at any age; plus
5) the additional rate for Partial Lump-Sum Payment (PLSP) option; plus
OR
(b) any percentage rate (e.g., 4%, 4.50%, 7%, 8%, 8.75%, 9.90%, 10%, 11 %) that is equal to or greater than the minimum required
contribution rate computed in accordance with the instructions set out in Footnote 5a (immediately above). The County may elect
to contribute at a Total Rate in excess of 11% or at an "elected rate" in excess of 11% only if the County waives the statutory
maximum employer contribution me limit in accordance with section 844.703(c). The waiver of the statutory maximum employer
contribution rate remains in effect until revoked by the commissioners court If the County elects to contribute at an "elected rate"
above the Total Rate (includes any additional rates for plan changes), the "elected rate" will remain in effect until it is changed by a
commissionus court order or the Total Rate exceeds the "elected rate" is a subsequent year.
TCDRS * PO Box 2034 Austin, TX 78768 * 800-823-7782 * 512-328-8889 * Fax 512-3Z8-8887 * www.tcdrs.org
Page 4 of 6
C O Y M T Y f
TEXAS ORDER AMENDING A CURRENT VARIABLE-RATE PLAN
DIiTRICT
RETIREMENT CQU11'~/ -Revised 2004
SYSTE M
Part Three: Clerk's Certification
I~ Jannett Pieper ,Clerk of Kerr County and ex-officio Clerk of
the Commissioners Court, do hereby certify that the foregoing is a full, true and correct copy of: Order
Amending a Current Variable-Rate Plan, and of the official minutes pertaining to its adoption, as the same
appear of record in the official minutes of the Commissioners Court of the County.
SEAL Given under my hand and seal of office this 12th day
of October 200 4

Clerk and Ex-Officio Clerk of the Comdiissioaers Court
TCDRS * PO Box 2034 Austin, TX 78768 * 800-8Z3-7782 * 512-328-8889 * Fax 512-328-8887 * www.tcdrs.org
Page 6 of 6
October 11, 2004 cost ors~e Box 2034
Austin, TX 78768-2034
(512)328-8889
800-823-7782
Fax: (512) 328-8887
To: Correspondents, County Judges and Governing Board Chairpersons "'`~~'.tcdrs.org
From: Plan Administration
Re: 2005 Plan Information Documents -SECOND NOTICE
Uur most recent records indicate that we have not received the required 2005 plan information
documents for your TCDRS retirement plan. All TCDRS employers must submit one of the following
by December 15, 2004:
1) If your county or district is not making plan changes for 2005 - submit a No Plan
Change Notice and Rate Acknowledgement signed by your correspondent, county
judge, or governing board chairperson.
2) If your county or district is authorizing the variable-rate for the firsttime -submit an
Order/Kerolution Adoptinga Variable-Rate Plan.
3) If your county or district is adopting new optional benefits, credits or rights for 2005, or
authorizing a higher employer contribution rate (elected rate) -submit an
Order/Resolution Amending a Current Variable-Rate Plan
The effective date of all benefit plan changes will be January 1, 2005, provided that a completed
order or resolution is received at our TCDRS office by December 15, 2004. However, to ensure
that there is adequate time to review, process, or make proper corrections to your order or
resolution, we strongly recommend that you submit paperwork well before this deadline.
Please be aware that changes submitted after December 15, 2004 cannot be implemented. Failure to
submit the necessary paperwork by the December 15, 2004 deadline will result in your plan deemed to
have made no p1_an changes for 2005.
If your county or district would like to consider plans with different benefit levels from those shown on
the ExhibitA for Year 2005, please contact Plan Administration and request a Supplemental Exhibit A.
Please contact Plan Administration if you have questions. We look forward to the opportunity to assist.
Board Members John G Willy Amador E. Reyna Robert A. Eckels Daniel R. Haggerty Mitch Liles Bob Willis
Chairman Pice-Chairssaa :~ Martha Gustavsen Jan Kennady Bridget McDowell