Tennessee Consolidated Retirement System Employer Manual

Tennessee Consolidated Retirement System Employer Manual Internet Site: www.tcrs.tn.gov Tennessee Consolidated Retirement System Employer Manual Table of Contents SECTION PAGE 100 Introduction ...................................................................................................... 1 200 Membership ..................................................................................................... 3 300 Reporting Salary, Contributions and Service Credit .................................. 13 400 Current and Prior Service ............................................................................... 23 500 Refund ............................................................................................................... 33 600 Retirement Benefits ......................................................................................... 37 700 Retired Payroll ................................................................................................ 51 800 Funding of the Retirement System ............................................................... 55 900 General Information ........................................................................................ 59 1000 Optional Provisions for Political Subdivisions .......................................... 63 1100 Optional Retirement Plan .............................................................................. 73 Treasury Department Authorization #309221; March 2012 This web-based publication was created at a cost of $172.00. E m p l o y e r M a n u a l 100INTRODUCTION This employer manual has

been developed for the purpose of efficiently administering the Tennessee Consolidated Retirement System (TCRS) at the local level. Every effort has been made to include all the information necessary to provide a complete and self-contained reference manual. Because of the complexities of the law establishing the retirement system, all facets have not been covered in detail. However, the objective in compiling this manual is to furnish as much information as possible. The information contained in the manual should not be used in lieu of the applicable provisions of the Tennessee Code Annotated . In the event there is a conflict between this manual and the law, the law shall prevail. P a g e 1 E m p l o y e r M a n u a l 200 MEMBERSHIP 2 0 1 Classification for Membership . Since July 1, 1976, any employee enrolled in the TCRS shall be classified as a Group I member. State judges enrolled after September 1, 1990 are classified as Group IV members. 2 0 2 Prior Class, Group II or Group III Members Who Return to Service . Any prior class, Group II or Group III member who left employment and returned to service in a position covered by his/her previous classification shall be eligible to continue membership in that classification provided he/ she has not lost membership. To lose membership, he/she must have withdrawn his/her contributions or, if not vested, be out of service long enough to lose membership because of absence from service (seven years). 2 0 3 Mandatory Membership . Every employee of the state or of a participating political subdivision, where membership is mandatory or K-12 teacher must become a member of the retirement system regardless of age, with the exception of Sections 204 and 205. It is the responsibility of the personnel/ payroll officer to insure that their employees are enrolled properly and make the appropriate retirement contributions. The following is a list of officials and employees whose membership in the retirement system is mandatory: A . General employees of the state of Tennessee classified as full-time, except full-time employees under age 25 with seasonal, temporary, interim or emergency appointments [see Exhibit I(a)]. B. Commissioned members of the highway patrol. C . Wildlife officers. D . Teachers (see Section 206). E. Superintendents or the chief administrative officers of a public school system. F. Any full-time employee of a...

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