Retiring from MNPS
Are you a certificated employee planning to retire? This page:
- Explains when you can retire
- Points you to resources that can help you prepare
- Connects you with a Retirement Planning Guide, which outlines steps to take
RetireReadyTN for Teachers
A great place to start planning is RetireReadyTN, a website customized for Tennessee teachers. There you can:
- Learn about your retirement plan
- Manage your TCRS, 401(k) and 457 plans
- Find a checklist that walks you through the retirement process
- Keep your beneficiaries up to date
- Register for a readiness review or retirement counseling
Are you a Support Employee Planning to Retire?
You must notify MNPS in writing by submitting an Intent to Retire form.
Early Notification Deadline
If you plan to retire at the end of your fiscal year assignment, here's a date to remember: The last business day in February.
Submit your Notice of Retirement Form to Employee Benefit Services by the last business day in February and you may qualify for:
- A $500 early notification incentive
- An additional payout for unused sick days
Important: If you revoke or rescind your notice of intent to retire more than three business days after submitting the notice, you permanently waive both incentives.
For eligibility details and how to apply, view the Retirement Planning Guide.
When You Can Retire
Employees who are vested in TCRS have these retirement options.
Service Retirement
An unreduced benefit is available at age 60 with vesting rights, or at any age after attaining 30 years of creditable service.
Early Retirement
A reduced benefit available if you are at least age 55 with 10 years of creditable service, or at any age if you have at least 25 years of creditable service.
Disability Retirement
TCRS provides two types of disability benefits for members who become disabled before meeting retirement requirements:
- Ordinary disability — Requires at least five years of service and inability to work, subject to TCRS medical panel approval and periodic re-evaluation until age 60
- Accidental disability — for on-the-job injuries that prevent you from working; no minimum service requirement, but the injury must be documented through your last paid day and you must apply within one year of your last paid date or within two years of the injury; subject to periodic evaluations until you reach age 60.
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