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Explanation of TC DRS Durable Power of AttorneyTCDRS67 Revised 06/2018-Page 1 of 4The durable power of attorney on the reverse side includes language acceptable to the Texas County & District Retirement
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The explanation of TCDRS (Texas County & District Retirement System) is a detailed document that provides information regarding the retirement benefits, contributions, and the overall retirement plan offered to employees of participating Texas counties and districts.
Employers who participate in the TCDRS retirement plan are required to file an explanation of TCDRS for their employees to ensure they understand their retirement options and obligations.
To fill out the explanation of TCDRS, employers should collect necessary employee data, provide detailed information about the retirement plan, including benefits and contribution rates, and ensure that the document is clear and comprehensible for employees.
The purpose of the explanation of TCDRS is to inform employees about their retirement benefits, educate them on how the system works, and ensure compliance with reporting requirements.
The explanation of TCDRS must report information such as the benefit structure, contribution rates, eligibility requirements, and other relevant details about the retirement plan.
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