Overview
The Tennessee Consolidated Retirement System (TCRS) is a defined benefit pension plan that covers state employees, higher education employees, K-12 public school teachers, and employees of political subdivisions who have elected to participate in the plan. This means that the amount of any future retirement benefits is determined by a benefit formula rather than an account balance.
The TCRS provides retirement benefits as well as death and disability benefits to plan members and their beneficiaries. Benefits are determined by a formula using the member’s high five-year average salary and years of service. Members become eligible to retire at the age of 60 with five years of service or at any age with 30 years of service. A reduced retirement benefit is available to vested members with five years of service who become disabled and cannot engage in gainful employment. There is no service requirement for disability that is the result of an accident or injury occurring while the member was in the performance of duty.
2010 TCRS Board of Trustee Elections.
The results of the election for the state employee representatives to the Board of Trustees of the Tennessee Consolidated Retirement System have been certified by the office of the Comptroller of the Treasury. Tommie Pendergrass of the Department of Financial Institutions and Greg Elliott of the Tennessee Bureau of Investigation have been elected as the state employee representatives on the Board for the term July 1, 2010 to June 30, 2013. State employees are welcome to contact Mr. Pendergrass and Mr. Elliott regarding any suggestions they may have for improvements in their retirement system.
Individual Information
Headlines
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Tennessee's Retirement Fund in Good Shape Compared to Others
Good economic news can be hard to find in the Capitol building, but Tennesseans can breathe a little easier about one corner of the state budget. ...more
(Knoxville News Sentinel article by Josh Flory. Posted July 25, 2010.) -
Financial Welfare of TCRS
The financial marketplace has been exhibiting a high degree of volatility for several months, mainly due to issues related to the mortgage industry. Several Tennessee Consolidated Retirement System (TCRS) members and retirees have expressed concern. -
Financial Welfare of TCRS
The financial marketplace has been exhibiting a high degree of volatility for several months, mainly due to issues related to the mortgage industry. Several Tennessee Consolidated Retirement System (TCRS) members and retirees have expressed concern.
Contact Information
Tennessee Consolidated Retirement System
10th Floor Andrew Jackson Building
502 Deaderick Street
Nashville, TN 37243-0201
