Tennessee Department of Treasury · David H. Lillard, Jr., State Treasurer

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Retire Ready Tennessee

For Retirees

Congratulations on your milestone of retirement from Tennessee public service—here, you'll find the resources to maximize your retirement management.

Retirees to receive 2.7% COLA beginning July 2026

Retired teachers and state employees who have been on the TCRS retired payroll for at least 12 consecutive months as of July 1, 2026, will receive a 2.7% cost-of-living adjustment.

The laws governing TCRS cap the annual cost-of-living adjustment at 3%. Retirees of local governments that have authorized COLAs will receive the same increase.

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“On behalf of the Tennessee Treasury, I would like to thank you for your service to Tennessee and for helping make our state a better place" - Treasurer David H. Lillard, Jr.

You've earned it. Make the most of your retirement.

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Congratulations on joining the more than 135000 retirees covered by the Tennessee Consolidated Retirement System (TCRS)—which pays more than $2.4 billion in benefits annually.

As a retiree in the Tennessee Retirement System, you have the information, resources, and support you need—at your fingertips—to manage and get the most from your retirement.

Login to your retirement dashboard Login to TCRS Self-Service

401(k)/457 plan options

If you contributed to the Tennessee 401(k) or 457 plans while you were an employee, then you maintain complete control over your 401(k) or 457, just as you did before you retired.

As a retiree, you have the option to:

Leave your money in the plan
Take distributions or rollover to another eligible plan as needed
Setup periodic payments
Setup required minimum distributions when needed

Login to your 401(k)/457 accounts

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You are encouraged to discuss rolling money from one account to another with your financial advisor/planner and to consider any potential fees and/or limitations of available investment options.

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Return to work

In most cases, a TCRS retiree cannot return to work for an employer that participates in TCRS while continuing to receive their monthly retirement benefit. However, state law allows retirees to work temporarily under specific “Return to Work” programs.

These programs let retirees receive both a salary and their TCRS retirement benefit, within certain limits. Unless you are retired on disability, you can always return to work for a private employer without restrictions.

Return to Work Requirements

To get started, review the guide and return the appropriate form to TCRS prior to the start of your employment.

120 Day Temporary Employment
Return to Work with 70% of Retirement Benefit Hard to Fill Position
School Resource Office (SRO) Return to Work Program (no new agreements after June 30,2026)

Contributions to your 401(k) and/or 457 plan

A retiree returning to work for 120 days or less may elect to contribute to the 401(k) and/or 457 plan, but will not receive any matching contributions from the state. If a 120-day employee desires to contribute, he or she should call RetireReadyTN at (800) 922-7772.

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PerkSpot: Enhanced Discount Program

TCRS Retirees can now take advantage of PerkSpot: Tennessee Employment Enhanced Discount Program to receive discounts from more than 900 merchants! The cost saving and special benefit offerings have been made available just for you.

These discounts are coordinated through the Tennessee Department of Human Resources.

Start by signing up or logging in at teamtn.perkspot.com and access thousands of discounts by browsing at home or on the go. Discover discounts in your neighborhood with PerkSpot’s Local Map feature. Filter the results by categories like health and fitness, retail, restaurants, and more!

To find the discounts that you have previously enjoyed, look for the State of TN Exclusives tab.

The State of Tennessee Employee Discount Program is administered by the TN Department of Human Resources, which generously makes these discounts available to our retirees. If you have questions or need assistance with Perkspot, email cs@perkspot.com or call (866) 606-6057.

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A strong foundation. Peace of mind for your retirement future.

Your Tennessee Consolidated Retirement System (TCRS) is recognized as one of the top 5 strongest pension funds in the United States by Standard & Poor's (S&P).

Retiree Advisor Newsletter

Be sure you are receiving Retiree Advisor, our official publication for retirees in the Tennessee Consolidated Retirement System.

Retiree Advisor is published semi-annually and provides information on cost-of-living adjustments (COLA), payment dates, insurance, tax updates, and more. View the most recent issue using the link below. Or, log in to your TCRS account to ensure your contact information is up-to-date, so that you receive the newest edition of Retiree Advisor when published.

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View current issue Log in to your TCRS account

Archived issues: summer 2025, Winter 2025, Summer 2024, Winter 2024

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Retiree insurance and Social Security

Find all types of retiree insurance forms—including health, dental, and life — and view Social Security information and resources from COLA to Medicare cards.

Retiree insurance Retiree Social Security