If you are involved in hiring new employees, take some time to familiarize yourself with changes to the state’s retirement benefits.
The changes to retirement benefits apply only to new employees hired on or after July 1. The General Assembly passed legislation in 2013 that would allow the state to offer a hybrid plan to all state employees and teachers hired on or after July 1.
The Tennessee Consolidated Retirement System has provided more details on the changes in this document and other materials to help hiring managers communicate with new employees about their benefits. These instructions can be found on the state’s Department of Treasury website under the “Hybrid Plan – Cost Controls” tab.
For additional information on the plans, see the Human Resources Benefits and Retirement website or call the HR Call Center at 888-444-8847 or 865-946-8847.