2024 TCDRS State of the System

Get an inside look at TCDRS' 2023 investment return and how it may impact your rate and annual plan decisions.

Every year, TCDRS releases an update to keep you informed about the state of the system. In this year’s video, we break down the impact of our 2023 investment return and how it may impact your rate. We also let you know what to expect as you conduct your yearly plan review. Here are three takeaways:

1. 2023 Investment Return

Our estimated 2023 investment return is 10.5%. This return was primarily driven by strong performance in our public equities and alternative credit portfolios. Our final performance will be released in our annual report this summer.

2. Impact on Employer Rates

We smooth investment gains and losses over five years to keep rates stable. Our estimated 2023 return will generally offset losses in the pipeline from previous years and decrease the weighted average employer rate. The impact on individual plans will vary.

3. Annual Plan Decisions

A yearly plan review ensures your plan costs and benefits suit your needs. Your 2025 plan rate will be available in April. TCDRS will contact you when it has been posted to your employer portal.

Please reach out to your TCDRS Employer Services Representative if you have questions about the video or need help with your annual plan decisions.

Investments & Finance