City of Crossville - File #: 20-0100

• File #: 20-0100
• Version: 1
• Name: TCRS Rate
• Type: Resolution
• Status: Passed
• File created: 4/17/2020
• In control: City Council
• On agenda: 5/12/2020
• Final action: 5/12/2020
• Title: Approval of FY20-21 TCRS Rate

Date	Ver.	Action By	Action	Result
5/12/2020	1	City Council	approved
5/5/2020	1	Work Session

Title

Approval of FY20-21 TCRS Rate

Body

SUMMARY: The TCRS rate is computed every year and this is the rate the City must pay to TCRS for the retirement plan.  The rate for upcoming fiscal year is 15.9%.

BUDGET ACCOUNT: Various departments

Recommended Action

NECESSARY COUNCIL ACTION: Approve the 15.9% rate