Title
Discussion regarding approval of FY26/27 TCRS rate
Body
SUMMARY:
The Tennessee Consolidated Retirement System rate is computed every year and this is the rate the City must pay to TCRS for Legacy Plan members. Individuals hired prior to July 1, 2013 are in the Legacy Plan. The minimum rate for the upcoming fiscal year is 17.72%.
BUDGET ACCOUNT:
Recommended Action
NECESSARY COUNCIL ACTION: Approve FY26/27 TCRS Legacy Plan rate