Texas County & District Retirement System (TCDRS)
public plan · Texas Counties · Austin, TX
Funding History
What This Means for You
Texas County & District Retirement System (TCDRS) is in excellent financial health at 86% funded. This means for every dollar the plan owes in future benefits, it has 86 cents in assets to cover it. As a public pension, benefits are typically backed by the taxing authority of the sponsoring government. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2023 | $39.5B | $45.8B | 86.2% | $2.0B |
| 2022 | $38.3B | $45.1B | 85.0% | $1.9B |
| 2021 | $37.1B | $42.2B | 88.0% | $1.9B |
| 2020 | $35.9B | $43.8B | 82.0% | $1.8B |
| 2019 | $34.8B | $41.4B | 84.0% | $1.8B |
Frequently Asked Questions
Texas County & District Retirement System (TCDRS) is 86% funded, meaning it has 86 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Texas County & District Retirement System (TCDRS) has 385,000 total participants, including 200,000 active employees and 185,000 retirees currently receiving benefits.
Texas County & District Retirement System (TCDRS) is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.