Millington Board of Education Employment of Retirees Policy 2026-02-10
Millington Board Sets Payment Terms with TCRS for Retiree Reemployment
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Description
The Millington Board of Education is required by policy to make payments to TCRS when hiring retired members for hard-to-fill positions, choosing the greater of the standard employer retirement contribution or 5% of the retiree’s earnings, for each period of reemployment.
Contract Details
Contract Amount
greater of employer's standard retirement contribution or 5% of retiree’s earnable compensation
Vendor
TENNESSEE CONSOLIDATED RETIREMENT SYSTEM TCRS
Agency
Millington Municipal School District, TN
Contract Type
FINANCIAL_SERVICES
Document Date
February 10, 2026
Contract Term
per period of retiree's reemployment (not to exceed one year per term)
Renewal Info
Each period of reemployment may be renewed for additional one-year terms as permitted by state law. New payment arrangements with TCRS are required for each term.
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