Employees of the State of Tennessee are eligible to participate in two optional tax-deferred retirement savings plans operated by the state: a 457 plan and a 401(k) plan. Contributions to these plans are made through regular payroll deductions. Salary set aside through these plans cannot be withdrawn before separation from service except under a few limited circumstances. Participants in either plan direct their contributions among a variety of investment options.
The Deferred Compensation (DC) Program is in the State of Tennessee Treasury Department. The Treasurer's office administers this supplemental retirement savings program through TCRS with the assistance of a third party administrator (TPA), currently Great West. Great West is responsible for enrolling new participants, record keeping, reconciliations, transfers, communication and reporting to the Participants and Program Administration. Great West does not provide investment management services directly to participants. Investment management services are determined by the State.
Announcement
Investment Options by Name, Asset Class, and Risk - See
chart for insight into options you may have considered for the future or may be investing in now. Please view other information in the Investing Fly out Menu as well. You may look at fact sheets on investments here or by contacting Great West for a hard copy.
Internet Browser - If you have difficulty viewing any of these pages or forms please verify that you are using a current version of your internet browser. Some of the fly out options on the left may require an updated browser for full access to the menu features.
Longevity Deferral Information - If you want to defer your longevity before income tax but after Social Security and Medicare taxes, please see the
chart to reduce your deferral for the applicable taxes.
Fee Changes: Have been announced effective July 1, 2009. This should be of particular interest to those invested in the Fidelity Government Retirement Money Market Fund, the Columbia Acorn Z Fund, or the Columbia Mid Cap Value Z Fund. The Administrative fees for each of these three funds are changing. One is increasing and two are decreasing. Please see
Fees by investment option as of 7-01-2009
