ORDER ND. ~.~696
AF~F~RDVAL OF FLANS RATES FDR ].997
TEXAS COUNTY AND DISTRICT RETIREh1ENT SYSTEM
AhdD AUTHORIZE THE COUNTY JUDGE TO S i Ghd SAME
Dn this the lath day of November, 199E, ~_tpon motion made by
Commi.ssioner~ Holekamp, secanded by Commissioner, Oehler, the
Co~_ir,t unanimously approved by vote of 5-0-0, the plans rate=
of 7.7`-3'/. for, I997 Texas Co~_~nty and District retirement system
and a~_tthari.~e the County J~_idge to 5].C~il same.
COUNTY TREASURER
KERB COUNTY COURTHOUSE
KERRVILLE, TEXAS 78028
November 05, 1996
Kerr County Commissioners' Court
The county contribution rate for 1997 under the present plan is
7.79%. This figure has already been considered in the 1996-97
budget. The form which indicates no plan change will need to
be signed unless the court would like to adopt diff,~ent options.
If you have any questions please feel free to call me.
Sincerely,
Barbara Nemec
EXTrIlBIT A stem
onnry anti District R~ti 232 t Sy
Texas ~ Kerr ~pUnty CR plan Study
Contribution Rate tAD ~ CR plan
pelerrn-ned Adoptrngt g997D
AnnuallySu~division Previously,lanuarY
fora effective Date
_ .,_.,1121
Basic Retirement puns
.,,..-- COLAS Mrn~,..-. ,~ ._.---,~'- n
er Price In.._,,._.__ 19 1 .......•...:....• ................ .......$116,571
•• ate o 5 48°~ a d e
Cost-of_Livin9l dex -- 1°~ t .
Ad Hoc Consum _--- ,.....•,.. • ..........:................... $93,237
e of the , _ .... • $69 927 al Cost Contribution
a percentag ate ( 20 of the Norm annuity increasesl~ rule
Increases as UAI-CR)lsl,,,,•••.,••........ • ~ rule of 75, 8 ear vesting,
and ount) o Which is the sum 8 year vesting.
- l4- Emp~OY.er.Contnbution•R..•........~.......
Additions • • • Unfunded P~ of the optional benefits (-Y
for 1996 under the Present Plan is 7'54 ~ of the options shoW~able to any annuity increases
to the: Actuarial Liabilit ( With one
to er contribution rate06o~o be adopted in conjunction rule of 75, andior cost-oi-living
the total emP y ibution Rate of 2• can only the additional contribution r8 a ea p estin9,
r'1 For comparison, Contr benefit levels, ust be increased by
1 thrau9h ~ m g 34°~ cannot be adopted (e•9 Y
Uniunded Actuanal Liabili Y rester than
1 Which continues existip$ed plans
X21 ADCR Plan adopted for 1997• 30°~)
r~i Employer contribution ratbei 9 p total emp-oYer contribution rate 9
of 75, annuity increases~oduce a ted.
efits that p e uired employer c been adop rate exceeds
tAr pptional b adopted if the total r ~ increases have
cannot be cost-of-living annuity
rsr No previous
• ~ ~
Form ADCR-3B (County) Revised 1996 -
USE TH/S FORM TO AMEND A PREVIOUSLY ADOPTED ADCR PLAN.
PART ONE. FORM OF MINUTES FOR ADOPTION OF ORDER.
THE STATE OF TEXAS
COUNTY OF
On this the
following members present:
day of , 19 ,the Commissioners Court of
County, Texas was convened in session with the
County Judge;
Commissioner, Precinct # 1;
Commissioner, Precinct #2;
Commissioner, Precinct #3;
Commissioner, Precinct #4; and
County Clerk.
Mr./Ms. moved that the order (which is Exhibit One of these minutes),
including al! options checked and initialed in Section IV, be adopted by the County. The motion was seconded by
Mr./Ms. and was adopted with the following members voting AYE:
and
_; and the following members voting
NO: and
PART TWO: FORM OF ORDER TO BE ADOPTED AND INCLUDED IN MINUTES.
EXHIBIT ONE.
AMENDMENT OF PREVIOUS ORDER
ADOPTING THE ANNUALLY DETERMINED CONTRIBUTION RATE PLAN
AND MAKING PLAN SELECTIONS THEREUNDER
WHEREAS, THE COUNTY previously adopted the Annually Determined Contribution Rate Plan under
Subchapter H, Chapter 844 of the TCDRS Act (Subtitle F, Title 8, Government Code), and made certain elections
and selections authorized by said Act; and
WHEREAS, THE COURT finds it to be in the public interest to amend or add to the selections previously
made by the County, now, therefore it is ORDERED:
I. EMPLOYEE DEPOSIT RATE
For each payroll period from and after January 1, 1997, member deposits of each eligible County employee shall
be made to the System at the rate of %' of compensation; and such deposits shall be withheld by the
payroll officer and transmitted to the System for deposit to the individual employee account.
II. CURRENT SERVICE CREDIT PERCENTAGE
For service performed for the county on and after January 1, 1997, 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 of the TCDRS Act, will total %2 of the member's deposits. Current service credit for periods
ending prior to January 1, 1997, shall be at the greater of the rate in effect December 31, 1996, or the rate to
take effect January 1, 1997.
III. PRIOR SERVICE CREDIT PERCENTAGE
Allocated (special) prior service credits granted to any member by the County and in effect December 31, 1996,
shall be recomputed at %' of the maximum (special) prior service credit of each member affected.
IV. SELECTION AND ADOPTION OF OTHER OPTIONAL CREDITS AND BENEFITS
Effective January 1, 1997, in accordance with Section 844.704 of the TCDRS Act, the County adopts the
following additional rights, credits and benefits (please have your County Judge check (.~j and initial each
option selected or the line indicating that no options are being selected jor 199:
' Four, five, six or seven percent
s The percentage may be 100%, 125%, 150%, 175%, 200%, 225%, 250% or the percentage currently in effect.
s Must be a multiple of 5%; may be the same as, but not less than the percentage previously adopted by the County.
( ) Vested Survivor Death Benefit under Sec. 844.209° (initial here)
( ) Increase in Existing Annuities under Sec. 844.208 at the rate of 965 (initial here)
( ) Optional Benefit Eligibility Plan Z (8-year Vesting/Retirement Eligibility) under Sec. 844.210 (initial here)
( ) Optional Benefit Eligibility Plan 3 ("Rule of 76" Retirement Eligibility) under Sec. 844.211 (initial here)
( ) Reinstatement (°Buy-Back") of Previously Forfeited Sorvics Credit under Ssc. 843.003 (initial here)
( ) Prior Service Credit for Military Sorvics under Ssc. 843.202 (initial here)
( ) Current Service Credit for Military Service under Sec. 843.601 (initial here)
( ) Prs-Membership Credit under Sec. 843.204 (inital here)
( ) Recalculation of Benefit Credits on FuIlSalary Basis under Sec. 843.702 (initial here)
( ) Ws elect none of the above plan options for 1397 (initial here)
V. EMPLOYER CONTRIBUTION RATE
The County hereby undertakes to make monthly normal contributions and prior service contributions to the
System at the annual rates determined from year to year by the System's actuary and approved by the Board of
Trustees as provided by Subchapter H of Chapter 844 of the TCDIZ.S Act. Such rates (excluding those for
"picked up" contributions under Section 845.403(1) of the TCDRS Act and those, if any, to the Supplemental
Death Benefits Fund) shall not exceed the maximum prescribed by Section 844.703(c) of the Act, and shall total
%° for the year 1997.
VI. OTHER PARTICIPATION PROVISIONS CONTINUED.
Except as modified by this Order, the orders previously adopted by the Commissioner's Court relating to partici-
paiion in the System and in effect on December 31, 1996, are continued in effect.
-----------------------
` An explanation of aU ADCRpIan options can be found on pages 3-6 of the attached instructions.
s The percentage may be 30, 40, 50, 60, 70 or 80.
° Employer contribution rate should equal: 1) employee deposit rate adopted in Section I, provided the required
employer contribution rate under the ADCR Plan adopted is less than the employee deposit rate and the County
desires to contribute at this higher rate; or (2) the ADCR Plan rate shovan on Line 8 of Exhibit A, plus the sum of:
a) the rate for COLA annuity increase, if authorized (Line 19, Exhibit A); plus
b) the rate for 8-year vesting and retirement eligibility at age 60, if authorized (Line 16, Exhibit A); plus
c) the rate for "Rule of 75" early retirement eligibility, if authorized, (Line 17, Exhibit A); plus
d) the rate for reinstatement~"buy-back') of-previously forfeite~aervice-credit, if authorized (Line 14 of
Supplemental Exhibit A); plus
e) the rate for "pre-membership" credit, if authorized, (line 14 of Supplemental Exhibit A); plus
f) the rate for "fuA salary" adjustment, if authorized (Line 14 of Supplemental Exhibit A).
PART THREE. CLERK'S CERTIFICATION.
1, ,Clerk of
County and ex-officio Clerk of the Commissioners Court, do hereby certify that the foregoing is a full, true and
correct copy of Amendment of Previous Order Adopting the Annually Determined Contribution Rate
Plan and Making Plan Selections Thereunder, and of the minutes pertaining to its adoption, as the same
appear of record in Volume ,Pages , of the official minutes of the Commissioners
Court of
County, Tezas.
Given under my hand and seal of office this day
SEAL
of , 1996.
County Clerk and Ex-Officio Clerk of the Commissioners Court
s ~ ~ ,~
Sub+~ this ftf1M o-tly ~ yrftt are -»akir+g no cbart~es !f? your ADCR pdart far 7997. If your stibdivislon is adopting
any new option. right or berret~, !^au must suQrnlt the appropriah3 ardes or resbkitJ~on, Please refer to the
instrucBons fix mare 1nt~ovmatio», ar calf TC17RS
I certify #hat this subdivision chooses to make no plan ci~anges for calendar year 7 997.
1 understand that our employee and employer contribuition rates for 1987 snit be:
~~
(Please print or type)
Employee Gontritwtlan Rate for 1997' 7°ti
Required Employer Contribution Rate fec 19972 7. ~9x
Elected Exnplayer Contribution Rate for 19973 7 ~ ~~~ '
a
KEEtR CC7l}NTY
3ubdivisiort Name
From lice 1, "Present Plan" of Exhibit A
~ From line 8, "Preset Plan" of Exhibit A
a If the amount on Line 8 of Exhibit A is less than your employee deposit rate, your subdivision
may elect to contribute at the higher employee rare. However, please see our transmittal letter
fur a discr~csian of GASB Statement #Z7, which Wray require your subdivision to make a special
carlculrxtion and disclosure in y~vur frnancia! statements if you elect file higher contribution rate.
4 Your employer oontrtbutiolz rate dons not include the additional rate far the Supplemental 1?eath
Hetuwfits Fund if your subdivision provides this optional benefit. Your 199'? SDBF oaartribertion
must be subnnitted with your 1997 motuhty reports in addition to #lar employer contribution above.
SDHF ratan far 1997 will be mailed to you in July.
ROBOT A. DEN50N CQil1~PTY JUDGE
COMMISSIONERS' COURT AGENDA REQUEST
PLEASE FURNISH ONE ORIGINAL AND FIVE COPIES OF TffiS REOUEST AND DOCUMENTS
TO BE REVIEWED BY THE COURT.
MADE BY: I3arhara NPmar
MEETING DATE: November 12 ~ 1996
SUBJECT: (PLEASE BE SPECIFIC) _
OFFICE: Treasurer
TIME PREFERRED: A . M .
Consideration and discus~i nn of P1 an RatAC fnr 1 Q~7 '~x,as ,~,A~rT~
nictrirt Retirement. S3~ctPm anr~ C'niinty Tu~,a~,c tc~ Sign cams
EXECUTIVE SESSION REQUESTED: (PLEASE STATE REASON)
ES'TIlVIATED LENGTH OF PRESENTATION: 5 min .
IF PERSONNEL MATTER -NAME OF EMPLOYEE:
NAME OF PERSON ADDRESSING THE COURT: Barbara Nemec
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:
5:00 P.M. previous Tuesday.
THIS REQUEST RECEIVED BY:
THIS REQUEST RECEIVED ON:

All Agenda Requests will be screened by the County Judge's Of$ce 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.
Order No• 2696
,. gates
S a
~~ P,,an
Approval me.,as OountY stem
for }~g9 t getir the bounty Judge
D na autro~zZe
t~ SiRn
Nwem~er 12 ~ 1996
Vol U pg ~~1