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File #: 24-0055    Version: 1 Name: Discussion and action regarding TCRS re-enrollment
Type: Resolution Status: Other Business
File created: 2/8/2024 In control: City Council
On agenda: 2/13/2024 Final action: 2/13/2024
Title: Discussion and action regarding TCRS re-enrollment
Sponsors: Human Resources
Attachments: 1. Retirement outline for Council 2024
Related files: 24-0078

Title

Discussion and action regarding TCRS re-enrollment

 

Body

SUMMARY: At the work session, a presentation was given by Tennessee Consolidated Retirement System (TCRS) regarding re-entry into TCRS and a Hybrid plan option.  Staff recommends the City make preparations to re-enter the TCRS system with an effective date of July 1, 2024.

 

BUDGET ACCOUNT:

 

Recommended Action

NECESSARY COUNCIL ACTION: Approve or deny rejoining TCRS.