Public Pension Reports and Information

Pension Information

Chambers County is a Texas County and District Retirement System (TCDRS) member. TCDRS is a statewide agent, multiple-employer, and public-employee retirement system. TCDRS serves nearly 800 actively participating counties and districts throughout Texas. Each employer maintains its own customized plan of benefits.

Chambers County Benefit Levels
Employee Contribution Rate7% of pay
Employee Matching Rate
250%
Years Required for Vesting
8 years
Service Retirement Eligibility
75 years total (age + service) or 30 years at any age
Prior Service Credit
145%


Actuarial Information as of December 31, 2024
Actuarial Accrued Liability (AAL)
$171,341,522
The Actuarial Value of Assets (AVA)
$149,106,539
Unfunded Actuarial Accrued Liability (UAAL)
$22,234,983
Funded Ratio (AVA/AAL)
87.0%
Equivalent Single Amortization Period
14.9 years
The Assumed Rate of Return
9.56 %
Valuation Payroll
$39,042,567
UAAL as a Percentage of Covered Payroll
4.93%


2024 Chambers County Acuarial Graph


Fiduciary Net Position



20242023202220212020
Fiduciary Net Position, Jan. 1
145,670,192,131,044,013139,114,374113,962,409103,052,927
Additions:






Net investment income credited to municipality14,871,64614,404,189-25,048,41810,646,725

Employer contributions5,850,3314,952,8274,552,7044,452,6064,168,712

Plan member contributions2,696,0082,438,0712,241,1972,191,8582,052,106
Deductions:






Allocated Net Loss                    -
--8,158,754                    -                  -

Benefits Paid & Withdrawals -7,461,878
-7,148,654
-6,751,008
-6,501,102
-5,894,541

Administrative Expenses, Net-87,994
-76,064
-76,794
-75,262
-83,388

Other 108,26355,809122,29535,44619,867
Fiduciary Net Position, Dec. 31
161,646,568145,670,191131,044,014139,114,373113,962,408




Portfolio Management Strategy

The long-term expected rate of return of TCDRS assets is determined by adding expected inflation to expected long-term real returns and reflecting expected volatility and correlation. The target allocation and best estimate of the geometric real rate of return for each major asset class are summarized in the following table

Asset Class
Target Percent


Long-Term Expected Real Rate of Return (Geometric*)

U.S. Equities11.50%6.95%
Global Equities2.50%6.95%
International Equities - Developed Markets5.00%6.95%
International Equities - Emerging Markets
6.00%6.95%
Investment - Grade Bonds3.00%4.55%
Strategic Credit9.00%5.85%
Direct Lending
16.00%9.45%
Distressed Debt4.00%9.10%
REIT Equities2.00%6.30%
Master Limited Partnerships (MLPs)2.00%7.40%
Private Real Estate Partnerships6.00%7.90%
Private Equity25.00%9.95%
Hedge Funds6.00%5.45%
Cash Equivalents2.00%2.80%
*Geometric real rates of return equal the expected return minus the assumed inflation rate of 2.2% per Cliffwater's 2024 capital market assumptions.



Historical Investment Returns

2024 Historical Investment Returns



Contributions

Actuarially Determined Contributions (as a percentage of pay)

YearEmployeeEmployerTotal Required Contributions
20247%14.22%21.22%
20237%14.22%21.22%
20227%14.22%21.22%
20217%14.22%    21.22%
20207%14.22%21.22%



2024 Actuarially Determined Cont. Rate


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