Retirement

Employees Hired After July 1, 2014

Benefit Who Pays? Who’s Eligible When Are You Eligible? What it Means to You…
Hybrid Plan- Tennessee Consolidated Retirement System (TCRS-H)
  • Defined Benefit Employee – 5%
  • Employer – 4%
  • Defined Contribution Employee – Optional 2%
  • Employer – 5%
Faculty, Exempt, and Non-exempt
  • Regular Full-time
  • Regular Part-time
Immediately Vested after 5 years of full-time service. Portable within TN Government. Formula benefits based on average salary and service.
Hybrid Plan- Optional Retirement Program Hybrid (ORP-H)
  • Employee – 5%
  • Employer – 9%
  • Defined Contribution Employee – Optional 2%
Faculty and Exempt
  • Regular Full-time
  • Regular Part-time
Immediately Immediate vesting. Portable in higher education. Retirement annuity based on investments over career. Choice of three vendors: TIAA/CREF, VALIC and VOYA/ING.
Social Security Employee & University equally
  • Regular Full-time
  • Regular Part-time
  • Temporary
Immediately Additional financial assistance at retirement
Deferred Compensation
401(k), 403(b), 457 and Roth 401(k) Employee – 2% Auto-Enrolled (may Opt-Out) Regular employees Immediately Federal tax savings at time of deduction with payments received at retirement
University Employees eligible to participate in retirement Date eligible to participate in retirement 401(k) Plan – $50/monthly matching contribution. Must be enrolled in a retirement plan
[Back to top]

Retirement

Employees Hired Before July 1, 2014

Benefit Who Pays? Who’s Eligible When Are You Eligible? What it Means to You…
Legacy Plan: Tennessee Consolidated Retirement System (TCRS) University – 100% Faculty, Exempt, and Non-exempt
  • Regular Full-time
  • Regular Part-time
Immediately Total cost paid by university. Vested after 5 years of full-time service. Portable within TN Government. Formula benefits based on average salary and service
Legacy Plan: Optional Retirement Program (ORP) University – 100% Faculty and Exempt
  • Regular Full-time
  • Regular Part-time
Immediately Total cost paid by university. Immediate vesting. Portable in higher education. Retirement annuity based on investments over career. Choice of three vendors: TIAA/CREF, VALIC and VOYA/ING.
Social Security Employee & University equally
  • Regular Full-time
  • Regular Part-time
  • Temporary
Immediately Additional financial assistance at retirement
Deferred Compensation
401(k), 403(b), 457 and Roth 401(k) Employee Regular & Temporary employees Immediately Federal tax savings at time of deduction with payments received at retirement
University Employees eligible to participate in retirement Date eligible to participate in retirement. 401(k) Plan – $50/monthly matching contribution. Must be enrolled in a retirement plan.
[Back to top]

Group Insurance

Benefit Who Pays? Who’s Eligible When Are You Eligible? What it Means to You…
Partnership PPO
Standard PPO
CDHP/HSA
CDHP without HSA
  • University – 80%
  • Employee – 20%
  • Regular Full-time
  • Regular Part-time –75%
  • Employees scheduled to work at least 70 percent time (1,450 hours per year) and who have been employed as a regular employee for 24 months
First of month following the date of employment Basic Medical/Basic Term Life; Basic Special Accident Insurance. Individual or family coverage.
Dental Employee – 100%
  • Regular Full-time
  • Regular Part-time – 75%+
First of month following one full calendar month of employment Coverage based on plan chosen. Two plans are available
Optional Special Accidental Death and Dismemberment Employee – 100%
  • Regular Full-time
  • Regular Part-time – 75%+
First of month following one full calendar month of employment Coverage based on salary
Optional Term and/or Universal Life Employee – 100%
  • Regular Full-time
  • Regular Part-time – 75%+
First of month following one full calendar month of employment Coverage based on plan chosen. Option for additional life insurance on self, spouse and/or children
Long Term Disability Employee – 100%
  • Regular Full-time
  • Regular Part-time – 75%+
First of month following one full calendar month of employment Salary replacement benefit after four full months of disability. Multiple levels of coverage
Long-Term Care Employee – 100%
  • Regular Full-time
  • Regular Part-time – 75%+
First of month following one full calendar month of employment Available to employees and retirees, their eligible dependents, parents, and parents-in-law
Vision Employee – 100%
  • Regular Full-time
  • Regular Part-time – 75%+
First of month following one full calendar month of employment Coverage based on plan chosen. Two plans are available.
[Back to top]

Leave

Benefit Who Pays? Who’s Eligible When Are You Eligible? What it Means to You…
Annual Leave (Vacation) HR Policy 305 University
  • Regular Full-time
  • Regular Part-time hired on or before 1/31/2014 – any %
  • Regular Part-time hired on or after 2/1/2014 – 75%+
Immediately Regular Full-time

**Nonexempt Only**

  • 1-5 years service – 12 days per year
  • 6-10 years – 18 days per year
  • 11-20 years – 21 days per year
  • 20+ years – 24 days per year

**Exempt & 12-mth Faculty**

  • 24 days per year – 2 days a month
  • Regular Part-time – pro rata to his/her planned working time in IRIS
Sick Leave – HR policy 380 University
  • Regular Full-time
  • Regular Part-time hired on or before 1/31/2014 – any %
  • Regular Part-time hired on or after 2/1/2014 – 75%+
Immediately Regular Full-time
  • 12 days per year – 1 day per month

Regular Part-time

  • pro rata to his/her planned working time in IRIS
Sick Leave Bank – HR policy 382 Employee Donations
  • Regular Full-time
  • Regular Part-time
Annual enrollment April through June. 30 calendar day waiting period after donation before benefit is available Provides sick leave to member employees who have suffered disability due to a personal illness, injury, or quarantine and who have exhausted their compensatory time and personal, sick, and annual leave balances
Holidays – HR policy 350 University
  • Regular Full-time
  • Regular Part-time
Immediately Eight paid holidays a year: New Year’s Day, Martin Luther King Jr. Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, and Christmas Day.
Administrative Closings HR policy 320 University
  • Regular Full-time
  • Regular Part-time
Immediately Days off with pay as declared by the university – typically the Friday after Thanksgiving and the remainder of Christmas week.
Funeral & Bereavement Leave – HR policy 340 University
  1. Regular Full-time
  2. Regular Part-time
  1. Immediately
  2. After six months
Five days due to death of spouse, child, stepchild, parent, or stepparent. Three days due to death of grandparent, grandchild, parent-in-law, foster parent, brother, sister, brother-in-law, sister-in-law, daughter-in-law, or son-in-law
Court Leave – HR policy 315 University
  1. Regular Full-time
  2. Regular Part-time
  3. Temporary & Student
  1. Immediately
  2. Immediately
  3. After six months
No loss of regular pay
Military Leave – HR policy 370 University
  • Regular Full-time
  • Regular Part-time
Immediately Per policy, upon request
Educational Leave – HR policy 335
  • Regular Full-time
  • Regular Part-time
Immediately Per policy, upon request
[Back to top]

Educational Assistance

Benefit Who Pays? Who’s Eligible When Are You Eligible? What it Means to You…
Employee Attending UT HR policy 330 University
  • Regular Full-time
  • Regular Part-time
Immediately Credit courses not to exceed 9 credit hours per term (correspondence courses not included) Pro-rated according to policy schedule
Employee Attending Tennessee Board of Regents institutions – HR policy 330 University Regular Full-time Immediately One credit course per term (correspondence courses not included)
Spouse & Eligible Children Attending UT or TBR Institutions – HR policy 331 University
  1. Regular Full-time
  2. Regular Part-time 50%+
  1. Immediately
  2. After one year waiting period
50% of undergraduate in-state maintenance fee Pro-rated according to policy schedule
[Back to top]

Other

Benefit Who Pays? Who’s Eligible When Are You Eligible? What it Means to You…
Longevity Pay – HR policy 432 University
  • Regular Full-time
  • Regular Part-time 82.05%+
With 36 full-time equivalent months at 82.05% or more, with UT, TBR, or state agencies Bonus pay for 3 or more years of full-time service with state up to a maximum of 30 years
Flexible Benefits University
  • Regular Full-time
  • Regular Part-time 82.05%+
Immediately Exclude, from federal taxes, premiums paid by you for group medical insurance, dental insurance and amounts you contribute to a medical and/or dependent care reimbursement account
Workers’ Compensation HR policy 397 University All employees Immediately Medical care and compensation for work-related injury or illness per state statute
UT Libraries University
  • Regular Full-time
  • Regular Part-time
Immediately Book checkout privileges
[Back to top]

The University of Tennessee does not discriminate on the basis of race, sex, color, religion, national origin, age, disability or veteran status in provision of educational programs and services or employment opportunities and benefits. This policy extends to both employment by and admission to the university.

The university does not discriminate on the basis of race, sex, or disability in its education programs and activities pursuant to the requirements of Title VI of the Civil Rights Act of 1964, Title IX of the Education Amendments of 1972, Section 504 of the Rehabilitation Act of 1973, and the Americans with Disabilities Act (ADA) of 1990.

Inquiries and charges of violation concerning Title VI, Title IX, Section 504, ADA or the Age Discrimination in Employment Act (ADEA), or any of the other above referenced policies should be directed to the appropriate campus or institute office. Requests for accommodation of a disability should be directed to the campus or institute ADA coordinator. Please contact your campus or institute human resources offices if you need assistance in contacting these offices