The Hybrid Plan, adopted in 2013 by the Tennessee General Assembly, is a combination of a defined benefit pension (TCRS) and a 401(k) deferred compensation plan under the umbrella of RetireReadyTN. Full-time state employees, certain higher education employees, and public school teachers hired after June 30, 2014, are members of the Hybrid Plan, funded by contributions from both the employer and the member. In this video, learn about the history of the Hybrid Plan and the changes that prompted its creation.