City of Crossville - File #: 18-0175

• File #: 18-0175
• Version: 1
• Name: TCRS Contribution
• Type: Resolution
• Status: Other Business
• File created: 5/3/2018
• In control: City Council
• On agenda: 5/8/2018
• Final action: 5/8/2018
• Title: Discussion and action on approval of TCRS contribution percentage for FY18-19
• Sponsors: Finance Department

Date	Ver.	Action By	Action	Result
5/8/2018	1	City Council	approved as recommended	Pass

Title

Discussion and action on approval of TCRS contribution percentage for FY18-19

Body

SUMMARY:  The percentage rate has been computed by TCRS actuarial system.  The rate is 17.99%.  The current rate the City pays is 18%.  Council approval is requested to leave the rate the same as FY17-18.

BUDGET ACCOUNT: N/A

Recommended Action

NECESSARY COUNCIL ACTION: Approve the TCRS Contribution rate of 18% for FY18-19.