Retirement Information

Tennessee Consolidated Retirement System (TCRS)
Andrew Jackson State Office Building, 10th Floor
Nashville, TN 37243
800.770.8277

 
Counseling......................................615.741.1971

Benefits..........................................615.741.4868
Director ..........................................615.741.7063
Prior Service....................................615.741.4868
Account Services.............................615.741.4913
Refunds .........................................615.741.4913
Retired Payroll ................................615.741.4913
Insurance Section ...........................800.253.9981
 

 

TCRS Sets New Contribution Rates:

The Tennessee Consolidated Retirement System recently set the retirement rates that will be effective July 1, 2012 through June 30, 2014.

The employer contribution rate for State employees will be 15.03%.  State employees are non-contributory.  The employer rate for teachers will be 8.88%, with teachers contributing 5%.  The local government rate varies by employer.

 

 

Tennessee Retired Teachers Association
Representing Tennessee's Retired Educators Since 1957

 

UPDATE: Many retirees will notice a slight decrease in their monthly payment amount beginning January 2011. This decrease is due to changes in the withholding tax deducted from the TCRS benefit.

 

In 2009 and 2010 there was a "Making Work Pay" federal tax credit in effect as part of the American Recovery and Reinvestment Act. The "Making Work Pay" tax credit expired on 12/31/2010. This means that most retirees will notice an increase in the amount of federal withholding deducted causing their monthly payment to be lower.

 

Retirees may, at any time, change the amount of taxes withheld from their benefit. In order to do so, you must complete the "Substitute Withholding Certificate for Pension or Annuity Payments" form, which can be found on the TCRS website.

 

Please be aware that the Social Security rate decrease effective January 2011 will not apply to retirees; pension benefits are not subject to the Social Security withholding.