government
No quorum, but deferred compensation committee hears retirement plan update
By By Lou Chapman at Fort Worth Report
· July 11, 2026
· 3 min read
The Fort Worth Deferred Compensation Plan Oversight Committee was unable to conduct official business on June 12 after failing to reach a quorum, but the three members present received updates on the city’s supplemental retirement savings plan and its first-quarter investment performance. Because to
Key takeaway Courtney Petkovich, TIAA senior manager and communications consultant, reported that assets in the city's 457(b) deferred compensation plan reached about $441 million during the first quarter of 2026, a 15% increase from a year earlier.
Why this matters in The Fort Worth
The update on the city's supplemental retirement savings plan is a welcome development for Fort Worth's municipal employees, who rely on the 457(b) deferred compensation plan as part of their overall retirement strategy. With assets reaching $441 million, a 15% increase from last year, the plan's growth is a positive sign for the financial security of the city's workforce. The plan's active participation rate of 67% is also a notable achievement, indicating that a significant majority of eligible employees are taking advantage of the opportunity to save for retirement. As the city continues to grow and evolve, with new developments in the Stockyards and Sundance Square, it's crucial that the municipal workforce has access to robust retirement benefits, which can help attract and retain top talent. The committee's discussion of outreach strategies, including partnerships with employee groups and expanded bilingual resources, suggests a commitment to ensuring that all employees have the information and support they need to make the most of the plan.
About this story
Original reporting by Fort Worth Report . The Fort Worth surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: government ·
Published: July 11, 2026 ·
Source: Fort Worth Report ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? The Fort Worth Deferred Compensation Plan Oversight Committee was unable to conduct official business on June 12 after failing to reach a quorum, but the three members present received updates on the city’s supplemental retirement savings plan and its first-quarter investment performance. Because to
When was this published? This article was first published on July 11, 2026 by Fort Worth Report and curated for The Fort Worth readers.
Who reported this story? This story was reported by By Lou Chapman at Fort Worth Report. To learn more about how The Fort Worth selects and reviews stories, see our editorial standards .
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