Retirement plan contributions are paid by the University and participation is mandatory. Regular non-exempt employees participate in the TN Consolidated Retirement System. Regular full-time faculty and exempt staff participate in either the TN Consolidated Retirement System (TCRS) or the Optional Retirement Program (ORP). View a comparison of plans.
TN Consolidated Retirement System
The Tennessee Consolidated Retirement System (TCRS) is the retirement plan that covers employees of the State of Tennessee, public colleges and universities, and public elementary and secondary schools. The member makes no contributions to the plan. TCRS retirement benefits are computed under a formula which uses the average of the member's highest five consecutive years of salary (while a member of TCRS) and the years of service credited in TCRS. Employees participating in TCRS are vested after 5 years of service.
Optional Retirement Program
All contributions made to the Optional Retirement Program (ORP) are 100% vested from the date of contribution. The member makes no contributions to the plan. ORP retirement benefits are based on the member's account balance and the member's age at the time benefits begin. You may choose from one or more of the three investment companies:
- ING Aetna (representative Ed Stewart @ 615-627-5936)
- TIAA-CREF (representative John Reeder @ 866-842-2336 ext 252916)
- Valic Retirement (local representative Celeste Friend @ 423-227-0281)