TCDRS provides an actuarial valuation of the County's retirement plan each year. The valuation provides a snapshot of the plan's financial condition and results are used to determine the County's required contribution rate. The most recent Actuarial Information follow:
Values as of December 31, 2023
Actuarial Value of Assets $132,202,701.00
Actuarial Liabilities $146,785,795.00
Unfunded AAL $17,583,094.00
Funded Ratio 88.3%
Effective Amortization Period 17.3
Assumed Rate of Return 7.50%
Actuarial Methodology
Actuarial cost method - Entry age
Amortization method - Level percentage of payroll, closed
Remaining amortization period - 17.2 years (based on contribution rate calculated in 12/31/2023 valuation)
Asset valuation method - 5 years smoothed market
Inflation - 2.5%
Salary increases - Varies by age and service. 4.7% average over career, including inflation
Investment rate of return 7.5%, net of investment expenses, including inflation
Retirement age - Members who are eligible for service retirement are assumed to commence receiving benefit payments based on age. The average age at service retirement for recent retirees is 61.
This data can be found in the Bastrop County Annual Comprehensive Financial Report.
View downloadable data.xlsx
- TCDRS Annual Reports for at least the past 5 years.
2019-TCDRS-Annual-Report.pdf
2020-TCDRS-Annual-Report.pdf
2021-TCDRS-Annual-Report.pdf
2022-TCDRS-Annual-Report.pdf
2023-TCDRS-Annual-Report.pdf
- Actuarial Valuation for at least the past 3 years.
SummaryValuation_2022.pdf
SummaryValuation_2023.pdf
SummaryValuation_2024.pdf
| |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| Actuarial Value of Assets |
$79,367,450 |
$85,807,262 |
$90,642,936 |
$97,587,635 |
$107,885,654 |
$116,069,523 |
$123,324,848 |
$132,202,701 |
| Actuarial Value of Liabilities |
$89,268,479 |
$96,146,477 |
$102,313,276 |
$109,343,683 |
$124,637,005 |
$131,920,515 |
$140,974,507 |
$149,785,795 |