The following rates were approved at the December 3, 2018 quarterly TVARS Board meeting per our elected Board members Jim Hovious, Sam DeLay and Mike Belcher. They are effective January 2019: Retiree COLAs: 2.21% for original, cash balance, and supplemental pension benefits based on 2.46% CPI increase less 0.25%. Current Employee Interest Rates: 6.0% on Cash Balance accounts for those hired before January 1, 1996 based on 6.0% minimum. 4.75% on Cash Balance accounts for those hired on or after January 1, 1996 based on minimum of assumed investment return of 6.75% less 2.0%. 4.75% on fixed annuity accounts based on minimum of assumed investment return of 6.75% less 2.0%.