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Considering Retirement

Considering retirement can be exciting and scary all at the same time and you may be filled with questions and concerns. The UTHSC Benefits Office is here to assist and help you facilitate the process as you transition into retirement.

As a first step, we highly recommend that you attend our quarterly Retirement training class: I’m Thinking About Retirement, Now What? This class is designed to increase employees' understanding of the retirement process from beginning to end. 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 and more!

Register online via the Training Calendar.

If you are unable to attend please review the I'm Thinking About Retirement 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: Oct 29, 2019