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cumberland_county_board_of_education_employment_of.pdf

District Sets Payment Structure for Retiree Reemployment to TCRS

Greater of standard employer contribution or 5% of retiree's pay rateCumberland County School DistrictTENNESSEE CONSOLIDATED RETIREMENT SYSTEM TCRSJune 22, 2023

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TerraCycle logo
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Derivita logo
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Description

Cumberland County Board of Education continues its statutory financial relationship with the Tennessee Consolidated Retirement System (TCRS) when reemploying retired school personnel. The district pays either standard employer contributions or 5% of the retiree's pay rate, depending on the reemployment scenario.

Contract Details

Contract Amount

Greater of standard employer contribution or 5% of retiree's pay rate

Vendor

TENNESSEE CONSOLIDATED RETIREMENT SYSTEM TCRS

Agency

Cumberland County School District, TN

Contract Type

FINANCIAL_SERVICES

Document Date

June 22, 2023

Contract Term

Up to 120 days per year for retiree reemployment; may vary based on state-mandated reemployment options

Renewal Info

Reemployment can be for up to 120 days, one year, or additional one-year periods depending on position and legal authority; continued annual/periodic payments to TCRS required under policy.

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