Special to the PRESS
The Cameron County Commissioners’ Court announced two major enhancements to the Cameron County employee retirement plan. Effective Jan. 1, 2025, Cameron County will match an employee’s retirement account balance at a rate of 250%, an increase from the previous rate of 200%. In addition, employees who are retired from Cameron County as of Dec. 31, 2024, will receive a 3% cost of living adjustment to their monthly retirement payouts beginning in January, 2025.
Since the initial setup of the retirement plan with Texas County & District Retirement System (TCDRS), Cameron County has maintained a two-to-one (200%) matching contribution on all employee retirement deposits. The increase from 200% to 250% marks a significant investment in the County’s overall employee benefits package and is the maximum allowed by county government retirement plan administrators. The change will positively impact County employee deposits beginning Jan. 1, 2025.
For retirees, a cost-of-living adjustment of 3%, which has not previously been authorized, will positively impact their monthly retirement benefit beginning in 2025. Whereas some retirees live on a fixed income, a 3% increase is a much welcomed adjustment. This is the first time the Commissioners’ Court has approved a retiree cost of living increase since the retirement plan was established.
“The retirement enhancements we approved today for our employees and retirees captures the consensus and sentiment of the entire Commissioners’ Court. We’re giving back to our hardworking and dedicated employees and retirees by making major positive changes to our retirement plan. The employees of Cameron County are the backbone of everything we do, and we are extremely pleased to enhance our already robust retirement package to show our employees and retirees how important they are to our county,” stated Cameron County Judge Eddie Treviño, Jr.
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