Retirement Plans
Tennessee Consolidated Retirement System (TCRS)
Visit TCRS Website
TCRS Legacy is a “defined benefit” plan, which means the amount of retirement is determined by a formula rather than an account balance. Benefits are determined using the member’s highest five-year average salary and years of service. TCRS Hybrid has a defined benefit portion and a defined contribution portion (employer contribution to the 401k).
Learn More about TCRS
- Hybrid (TCRS-H/401-H) (For employees hired after July 1, 2014)
- Employer contribution is 4 percent of compensation to TCRS account and 5 percent to the 401k.
- Mandatory employee contribution is 5 percent of compensation
- Legacy (TCRS) (For employees hired Before July 1, 2014)
- No mandatory employee contribution
Manage Your TCRS Account Online
TCRS has introduced a new online self-service feature, allowing members to:
- Update contact information after retirement
- View account history
- Retrieve annual statements
- Maintain beneficiary information
Optional Retirement Program (ORP)
VISIT ORP WEBSITE
The ORP is a “defined contribution” retirement plan, which means the amount of retirement benefits will be determined by the member’s account balance. Vendors in the ORP are:
Learn More about ORP
- Hybrid Plan (For employees hired after July 1, 2014)
- Employer contribution is 9 percent of compensation
- Mandatory employee contribution is 5 percent of compensation
- ORP Hybrid Plan Comparison Chart
- Legacy Plan (For employees hired before July 1, 2014)
- Employer contribution is 10 percent of compensation up to the Social Security wage base and 11 percent of compensation above the Social Security wage base
- No mandatory employee contribution
- ORP Legacy Plan Comparison Chart
Manage Your ORP Account Online:
ORP Contact List
TIAA
| TIAA Contacts | |
|---|---|
| Speak with a Representative | 800-842-2776 |
| Automated Telephone Service | 800-842-2252 |
| Schedule an In-Office Appointment | 800-732-8353 |
| UT Contacts | |||
|---|---|---|---|
| East Tennessee | Timothy Tubbs | 865-347-5011 | Timothy.Tubbs@tiaa.org |
| Central Tennessee | Timothy Tubbs Rosaline Banks |
865-347-5011 901-498-6165 |
Timothy.Tubbs@tiaa.org Rosaline.Banks@tiaa.org |
| West Tennessee | Rosaline Banks | 901-498-6165 | Rosaline.Banks@tiaa.org |
| State Wide (Virtual) | Austin Jefferson Sandy Couch Will Sadler |
615-783-2956 980-867-6492 704-988-5102 |
AJefferson@tiaa.org Sandy.Couch@tiaa.org William.Sadler@tiaa.org |
VOYA
| VOYA Contacts | |
|---|---|
| Customer Service | 800-525-4225 |
| UT Contacts | |||
|---|---|---|---|
| Knoxville | William “Bill” Rutter | 865-599-0344 | William.Rutter@voyafa.com |
| Southern | Ed Stewart | 615-624-5936 (office), 615-604-3819 (cell) | Ed.Stewart@voyafa.com |
| Martin | Justin Howell | 731-668-9818 (office), 731-426-4426 (cell) | Jhowell@voyafa.com |
| Memphis | Calvin Reid | 901-496-2741 | Calvin.Reid@voyafa.com |
| Chattanooga & Tullahoma | Celeste Friend | 423-777-1591 | Celeste.Friend@voyafa.com |
Changes to the ORP and 403b Plans
The state made changes to the ORP and 403B plans. You can find information about these changes on the state’s website at ORP Transition. There is contact information for vendors and documentation regarding the changes.
Closed Retirement Programs
Closed Vendor
AIG (VALIC) is no longer a vendor for the ORP or 403b plan.
| AIG Contacts | |
|---|---|
| Customer Care Center | 800-448-2542 or 888-568-2542 |
| UT Contacts | |||
|---|---|---|---|
| Knoxville Area | Andrew Craft | 865-291-5130 | andrew.craft@aigretirement.com |
| Knoxville Area | Arie Buer | 865-312-9659 | Arie.Buer@valic.com |
| Memphis | Scot Brothers | 901-268-6345 | barry.scot.brothers@aigretirement.com |
Joint Contributory Retirement System (JCRS)
(Closed since 7/1/77)
If you were a member of TIAA-CREF (the only retirement plan available) on June 30, 1977, you are a member of the Joint Contributory Retirement System (JCRS). JCRS has been closed since July 1, 1977. JCRS provides a benefit from the Optional Retirement Plan (ORP) company with the possibility of a state component.
To determine if a participant will receive a state benefit, it will be necessary to perform the Tennessee Consolidated Retirement System formula, then apply a hypothetical offset to the state formula benefit. The formula benefit and offset are individually specific. To request an estimate of benefits, please contact 888-444-UTHR (8847) statewide or Knox area 865-946-UTHR (8847).
Civil Service Retirement System (CSRS)
(Closed since 12/31/83)
Federal Employees Retirement System (FERS)
(Closed to UT employees since 01/01/02)
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