Title
Consider EAA staff recommendation to approve the 2027 plan agreement with the Texas County and District Retirement System.
Body
STAFF RECOMMENDED MOTION:
Move the Finance/Administrative Committee recommend the board adopt a resolution and order of the Edwards Aquifer Authority Board of Directors approving the plan agreement with the Texas County and District Retirement System, for the period January 1, 2027 through December 31, 2027.
SUMMARY:
The purpose of this agenda item is for the Finance/Administrative Committee to consider an EAA staff recommendation to approve the EAA’s 2027 plan agreement with the Texas County and District Retirement System (TCDRS) increasing the employer match from 180% to 200%, effective January 1, 2027.
The EAA Strategic Plan emphasizes sustainability and certainty through credibility to support multigenerational impact, long-term stability, and continuity of mission. Over its 30-year history, the EAA has progressed from a regulatory start-up issuing Initial Regular Permits (IRP) for Edwards Aquifer withdrawals to securing a U.S. Fish and Wildlife Service (USFWS) permit for the ,Habitat Conservation Plan (HCP). Its NextGeneration programs now seek the first USFWS permit renewal for the HCP and address climate impacts on the aquifer and the needs of a growing regional population and industry base. Staff expertise and dedication have supported each stage of this evolution.
The EAA adopted a TCDRS plan change in 2007 when the EAA Board adopted a 20 year at any age provision to the retirement vesting schedule, moving from the previous 30 year at any age vesting provision. The EAA Board amended the EAA’s retirement plan in 2012, in allocating eligible employer matching to the EAA’s TCDRS plan versus the prior arrangement where the 7% match was split between TCDRS and Mission Square (formerly ICMA-RC). Roughly a generation has passed since the EAA last adopted a plan amendment to its TCDRS retirement plan.
In comparing TCDRS plan p...
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