Human Resources » Benefits & Retirement » Retirement Plans

Retirement Plans

Tennessee's state retirement system is a qualified retirement plan under Section 401(a) of the Internal Revenue Code. All full-time state employees are required to participate in the state's retirement system as a condition of employment. For regular part-time employees, membership in a retirement plan is optional.  Faculty and exempt employees of the University of Tennessee may choose between membership in the Tennessee Consolidated Retirement System (TCRS/TCRH) and membership in the system's Optional Retirement Program (ORP/ORPH).
Employees participating in a retirement plan must continue in a plan as long as they remain in a regular status. (Breaks in service, other than terminations, do not affect eligibility for participation.)

Which plan is right for you? Legacy or Hybrid

Employees who are students; temporary employees, state retirees eligible to participate in the State of Tennessee Retiree Group Insurance Program, medical residents, interns, and externs; and non-U.S. citizens who do not pay Social Security or Medicare taxes are not eligible to participate in a retirement plan.
Regular non-exempt employees are covered in the Tennessee Consolidated Retirement System (TCRS), the same system that provides retirement benefits for state employees. Regular faculty and staff exempt employees may choose to enroll in either the Tennessee Consolidated Retirement System (TCRS) or the Optional Retirement Program (ORP).

Tennessee Consolidated Retirement System
Hybrid (TCRS-H/401-H) For All Employees Hired After June 30, 2014
Legacy (TCRS) For All Employees Hired Before July 1, 2014

Optional Retirement Program
Hybrid (ORP-H) For Exempt Faculty & Staff Hired After June 30, 2014
Comparison of Plans
Legacy (ORP) For Exempt Faculty & Staff Hired Before July 1, 2014
Comparison of Plans

Closed Plans:
Joint Contributory Retirement System (JCRS) Closed since 7/1/77

Civil Service Retirement System (CSRS) Closed since 12/31/83

Federal Employees Retirement System (FERS) Closed to UT employees since 01/01/02

FORMS

AboUT You 

RESOURCES:

Campus/Institute Contacts:
Chattanooga   
Family Practice- Chatt. 
Health Science Center  
Knoxville Area    
Martin   
UTSI    
UT Memorial Hospital

SEND FORMS TO:
Deferred Compensation (401k, 457, 403b) Forms:
     Total Rewards/ Benefits & Retirement Office
     600 Henley St, #115
     Knoxville, TN  37996-4115

Insurance Forms:
     Insurance & Retirement
     P115 Andy Holt Tower
     1331 Circle Park
     Knoxville, TN  37996-0100

Retirement Forms:
     Total Rewards/ Benefits & Retirement Office
     600 Henley St, #115
     Knoxville, TN  37996-4115

Other Links:
Deferred Compensation (State site)
Deferred Compensation (Empower Retirement site)
Optional Retirement Program (ORP State site)
Tennessee Consolidated Retirement System (TCRS State site)
Office of Personnel Management- OPM (CSRS & FERS)