lakeland_board_of_education_employment_of_retirees.pdf
Lakeland BOE Requires Payments to TCRS for Retiree Rehires
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Description
Lakeland Board of Education will remit either the standard employer contribution or 5% of retiree compensation to TCRS for each qualifying reemployed retiree, in accordance with Tennessee law.
Contract Details
Contract Amount
employer retirement contribution or 5% of retiree’s compensation
Vendor
TENNESSEE CONSOLIDATED RETIREMENT SYSTEM TCRS
Agency
Lakeland School System District, TN
Contract Type
FINANCIAL_SERVICES
Document Date
July 28, 2023
Contract Term
rehire period (up to 120 days per year, or 1 year for hard-to-fill or K-12/substitute/bus driver roles, renewable)
Renewal Info
TCRS payments required for each period of qualifying retiree reemployment; contracts for hard-to-fill positions and K-12 roles may be renewed for additional one-year terms in compliance with state law.
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