City of Crossville - File #: 19-0128

• File #: 19-0128
• Version: 1
• Name: TCRS Rate
• Type: Resolution
• Status: Passed
• File created: 4/22/2019
• In control: City Council
• On agenda: 5/14/2019
• Final action: 5/14/2019
• Title: Approval of FY19-20 TCRS Rate

Date	Ver.	Action By	Action	Result
5/14/2019	1	City Council	approved as recommended	Pass
5/7/2019	1	Work Session

Title

Approval of FY19-20 TCRS Rate

Body

SUMMARY: The rate for the FY 19-20 TCRS share for the City of Crossville is 15.90%.  The Finance Director recommends paying 16.50% to help pay for some of the deficit that the City experienced in 2008 and 2009. 

BUDGET ACCOUNT: N/A

Recommended Action

NECESSARY COUNCIL ACTION: Approve the 16.50% for the TCRS Rate for the pension plan.