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Considering Retirement

If you are considering Retirement you are surely filled with questions and concerns. The UTHSC Benefits Office is here to assist you through this process.

The Benefits Specialist handling retirement will help to facilitate the process and your transition into retirement.

We highly recommend that you attend one of our quarterly Retirement trainings: Retirement 101: When, How, & What to Do. This class is designed to increase employees' understanding of what they should expect when beginning the retirement process. Topics covered in this class include:

  • Selecting Your Retirement Date—Things to Consider
  • When to Begin the Process
  • Retirement Health Insurance
  • Retirement Paperwork
  • Retirement Benefits

Register online by visiting the Training website and clicking on the link to the Training Calendar.

If you are unable to attend please review the Retirement 101 PowerPoint Presentation for this course.

Post Retirement Employment

Employees who retire from the University of Tennessee, may return to State/UT employment in a temporary status without effecting their retirement benefits. To return to work, the retiree and hiring department must adhere to specific employment and compensation guidelines.

The hiring department must complete and forward a TCRS Temporary Employment Report prior to the employees return to work to the UT Benefits office.  The Temporary Employment Report requires information regarding the retirees planned working hours and provides the compensation limits. A Temporary Employment Report must be completed each 12-month period the retiree works. A returning faculty member must also complete a Post Retirement Contract which is initiated by the employing department.

  1. Retired employees must wait sixty (60) days from the date of retirement before beginning temporary employment.
    1. An exception to the sixty (60) day waiting period may be allowed if the department certifies in writing that no other qualified person is reasonably available.  This letter should accompany the Temporary Employment Report.
  2. The hiring department must initiate the PIF to re-employ the retiree.
  3.  If the retiree has at least a 1 day break in service, they will be required to complete new hire forms prior to returning to work.
  4. Retirees are only allowed to work 960 hours or 120 days within the 12 month period.
    1. The retiree should keep a record of hours worked to ensure they remain within in the hour limit. 
  5. Retirees are eligible to participate in the tax deferred annuities (401k, 457, 403b) while in a temporary work status.
  6. Retirees wages are subject to federal withholding and social security taxes.
  7. Retirees working in a temporary status are not eligible for medical benefits or longevity.
  8. Retired employees who work in private sector have no work restrictions but may want to determine impact on Social Security benefits.

Last Published: Apr 11, 2019