TCDRS administers pension and other benefits for employees of over 500 member counties and districts throughout Texas. Pension benefits are based on a hybrid, cash balance plan, determined by the sum of employees' deposits, with interest, and employer-funded credits.
Texas County & District Retirement System Basics, by Plan
Plan |
Assets (millions) |
Total Members |
Texas County & District |
46,170.0 |
270,182 |
Other Plans |
0 |
0 |
Total |
46,170.0 |
270,182 |
Source: Public Plans Database (as of 2023)
Note: Texas County & District Retirement System has 0 other plans.
Assets
Assets at Year-End
Texas County & District Retirement System
2001-2023
Fiscal Year |
Net Assets (billions) |
2001 |
8.6 |
2002 |
8.9 |
2003 |
10.9 |
2004 |
12.4 |
2005 |
13.5 |
2006 |
15.5 |
2007 |
16.9 |
2008 |
12.1 |
2009 |
15.6 |
2010 |
17.7 |
2011 |
17.6 |
2012 |
19.9 |
2013 |
23.1 |
2014 |
24.7 |
2015 |
24.5 |
2016 |
26.3 |
2017 |
30.0 |
2018 |
29.3 |
2019 |
33.8 |
2020 |
37.1 |
2021 |
44.9 |
2022 |
42.0 |
2023 |
46.2 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
Fiscal Year |
Texas County & District Retirement System |
US State and Local Pensions |
2001 |
4.3 |
2.4 |
2002 |
4.1 |
2.3 |
2003 |
3.9 |
2.2 |
2004 |
3.7 |
2.1 |
2005 |
3.5 |
2.1 |
2006 |
3.4 |
2.0 |
2007 |
3.4 |
2.0 |
2008 |
3.3 |
1.9 |
2009 |
3.2 |
1.9 |
2010 |
3.0 |
1.8 |
2011 |
2.8 |
1.7 |
2012 |
2.6 |
1.6 |
2013 |
2.5 |
1.5 |
2014 |
2.4 |
1.4 |
2015 |
2.3 |
1.4 |
2016 |
2.2 |
1.4 |
2017 |
2.1 |
1.4 |
2018 |
2.0 |
1.3 |
2019 |
2.0 |
1.3 |
2020 |
1.9 |
1.3 |
2021 |
1.8 |
1.2 |
2022 |
1.8 |
1.2 |
2023 |
1.8 |
1.2 |
2023 Membership for Texas County & District Retirement System
Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
152,417 |
85,298 |
32,467 |
270,182 |
677 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Texas County & District Retirement System
2001-2023
Fiscal Year |
Cash Flow |
Assets |
2001 |
161.9 |
8,610.6 |
2002 |
178.9 |
8,901.9 |
2003 |
174.8 |
10,871.7 |
2004 |
173.3 |
12,431.2 |
2005 |
140.6 |
13,474.4 |
2006 |
153.6 |
15,502.6 |
2007 |
179.6 |
16,910.2 |
2008 |
195.5 |
12,054.8 |
2009 |
214.2 |
15,555.5 |
2010 |
191.9 |
17,729.8 |
2011 |
103.2 |
17,626.1 |
2012 |
45.6 |
19,885.3 |
2013 |
19.3 |
23,146.0 |
2014 |
-1.0 |
24,715.2 |
2015 |
-15.3 |
24,529.7 |
2016 |
-61.0 |
26,287.1 |
2017 |
-125.8 |
30,000.4 |
2018 |
-182.8 |
29,260.5 |
2019 |
-236.1 |
33,833.5 |
2020 |
-223.7 |
37,108.2 |
2021 |
-335.1 |
44,892.3 |
2022 |
-321.0 |
41,968.5 |
2023 |
-411.7 |
46,170.0 |
2023 Cash Flows for Texas County & District Retirement System (millions)
Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
1,888.5 |
2,300.2 |
4,613.2 |
4,201.5 |
Cash Flow as a Percentage of Assets
Texas County & District Retirement System
2001-2023
Fiscal Year |
Texas County & District Retirement System |
National Average |
2001 |
1.9 |
-2.1 |
2002 |
2.0 |
-2.0 |
2003 |
1.6 |
-2.5 |
2004 |
1.4 |
-2.0 |
2005 |
1.0 |
-2.2 |
2006 |
1.0 |
-2.2 |
2007 |
1.1 |
-2.1 |
2008 |
1.6 |
-2.3 |
2009 |
1.4 |
-3.1 |
2010 |
1.1 |
-3.2 |
2011 |
0.6 |
-3.1 |
2012 |
0.2 |
-3.3 |
2013 |
0.1 |
-3.1 |
2014 |
0.0 |
-2.9 |
2015 |
-0.1 |
-2.8 |
2016 |
-0.2 |
-3.0 |
2017 |
-0.4 |
-2.9 |
2018 |
-0.6 |
-2.6 |
2019 |
-0.7 |
-2.6 |
2020 |
-0.6 |
-2.4 |
2021 |
-0.7 |
-2.1 |
2022 |
-0.8 |
-2.1 |
2023 |
-0.9 |
-2.1 |