Transcription of Retirement Hybrid Plan - Tennessee Board of Regents
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Retirement Hybrid Plan - Tennessee Board of Regents
Retirement Hybrid plan Effective Date: The effective date of the new Hybrid pension plan is July 1, 2014. Employees hired on or after July 1, 2014 will be enrolled into the new plan Current employees or retirees are not affected by the changes Current plan will be referenced as the Legacy plan going forward Breaks in Service: Options returning TCRS and ORP members will have available to them: Vested in old plan with break in service may return to old plan upon reemployment with state agency.
for Opting Out, Changing the Contribution Amount, or Changing the Investment Selection. ~ 30 Day Window ~ Action – participant is auto‐enrolled at 2% of the salary if …
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