• ~, 3 ~~ab o~ 1, 3 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 OFFICE: Treasurer MEETING DATE: June 26, 2006 TIME PREFERRED: A.M. SUBJECT: Consider, Discuss and take appropriate action on TCDRS Plan Options and Plan Rate for 2007 and have County Judge sign same E. _.:CUTIVE SESSION REQUESTED: (PLEASE STATE REASON) NAME OF PERSON ADDRESSING THE COURT: Barbara Nemec ESTIMATED LENGTH OF PRESENTATION: ] 0 mins. 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: 5:00 P.M. previous Tuesday. THIS REQUEST RECEIVED BY: THIS REQUEST RECEIVED ON: (<~ Alt 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 Ageuda Request Rules P +ted by Commissioners' Court. - Texas County and District Retirement System ~- Subdivision Plan Data for Kerr County Plan Data as of 1/1/2006 Type of Plan: Annually Determined Contribution Raie (ADCR) Plan Employee Deposit Rate: 7.00% of gross compensation Employer Deposit Rate: 7.60% of gross compensation Maximum Contribution Waiver: Authorized by this subdivision. Optional Group Term Life Deposit Rate: 0.27% of gross compensaiion Current Matching Rate: 190% of employee deposits and interest. Matched at retirement. Prior Service Credit Allocation Rate: 145% of accumulated prior service credit. Employer Participation Date: October 01, 1970 Special Purchase Eligibility: Premembership Credit: Not Authorized by this subdivision Military Service Credit: Authorized by this subdivision. -Service Requirement: 8 years. Special Enrollment Eligibility: Prosecuting Attorney Participation: Not Authorized by this subdivision District Judge Participation: Not Authorized by this subdivision Service Retirement Eligibility: 30 years of service at any age. Age 60 and 8 years of service. Rule of 75 D~-+~ility Retirement Eligibility Must be incapacitated for any gainful employment Incapacity is likely to be permanent If the person has less than 8 years of service, the incapacity must be the direct result of injuries sustained during membership by external and violent means as a direct and proximate result of the pertormance of duty. Survivor Annuity Death Benefit Eligibility: 4 years of service. Optional Group Term Life Eligibility: Date of death must be durino or after the month of January. 2004. Authorized only for employees. CPI-Based Benefit Increase: Not Authorized by this subdivision. Flat Rate Benefit Increase: Not Authorized by this subdivision. Buyback: Not Authorized for this plan year. Partial Lump Sum Distribution: Not Authorized by this subdivision. TCDRS EmployerNumber: 232 .epos Name: SubPlanFor2000 rpt Jctober 18, 2005 11 13 am