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How does the TSERS retirement plan work?
WHEN CAN I RETIRE AND START RECEIVING TSERS retirement benefits?
How is my TSERS retirement benefit calculated?
What are the different retirement options available to TSERS members?
Can I purchase service credit to increase my TSERS retirement benefits?
What happens to my TSERS account if I leave my job before retirement age?
CAN I RETIRE EARLY?
What health insurance options are available to TSERS retirees?
Are TSERS retirement benefits subject to taxation?
Where can I find help TO plan for my retirement FROM TSERS?
Your Top 10 TSERS Questions Answered
How does the TSERS retirement plan work?
The Teachers' and State Employees' Retirement System (TSERS) is a defined benefit retirement plan, which means it provides retirement benefits based on a formula. Here's how the TSERS retirement plan generally works:
Who Can Join: If you work for the State of North Carolina, public schools, or certain government entities.
Saving Money: TSERS is like a special savings account for teachers and staff to save for their retirement. You and your employer put money into it regularly from your paycheck.
Years of Service (YOS): The longer you work and save in TSERS, the more retirement benefits you'll get. Each year that you work earns you "service credit."
How Benefits are Calculated: When you retire, your benefit amount is determined by your average salary and the number of years you have worked.
Vesting: After working for TSERS for five years, you're "vested," meaning you'll get some retirement benefits even if you leave your job early. You may also be eligible for retiree health coverage.
Retirement Choices: When you retire, you can choose different ways to receive your benefits, like getting a monthly pension or adding a beneficiary. Keep in mind, the option you choose will be permanent. A proper understanding of your options is extremely important.
Health Insurance: Some retirees may have the option to get health insurance benefits through TSERS depending on eligibility and years of service (YOS).
When can I retire and start receiving TSERS retirement benefits?
Reduced Pension Qualifiers:
Age 60 with 5 years membership service
Age 50 with 20 years creditable service
Law Enforcement Officers (LEO) qualify at age 50 with 15 years of creditable service as an officer
Law Enforcement Officers (LEOs) qualify at any age with 25 years of creditable service, at least 15 of them in a law enforcement capacity
Vested Deferred (if all eligibility requirements are met):
After contributing to TSERS for five years, you become vested, which means you have earned the right to receive retirement benefits even if you leave your job before reaching retirement age.
You have at least 5 years of membership service and you leave covered employment before you meet the unreduced or reduced retirement eligibility requirements
You leave your contributions and service in the Retirement System
You may apply to receive monthly benefits when you meet the retirement age requirements
Refund of Contributions
If you leave TSERS before you have five years of creditable service, the only payment you can receive is a refund of your contributions and interest. State law prohibits the TSERS from making a refund earlier than 60 days after you leave employment. However, if you leave TSERS employment and you do not take a refund, you will retain your benefits and rights should you return to TSERS service at a later time.
Teachers' and State Employees' Retirement System members who meet certain requirements may retire with either a full pension or a reduced pension. A brief overview of these requirements is listed below.
Full Pension Qualifiers:
30 years of creditable service at any age
Age 65 with 5 years membership service
Age 60 with 25 years creditable service
Law Enforcement Officers (LEO) qualify at age 55 with 5 years of creditable service as an officer
If you are approaching retirement, take a minute to review the requirements you need to meet in order to receive either a full or reduced pension.
How is my TSERS retirement benefit calculated?
Calculating your retirement benefit under the Teachers' and State Employees' Retirement System (TSERS) involves a specific formula that takes into account:
Your years of service credit (YOS)
Your average final compensation
Your beneficiary (if applicable)
Here's a simplified explanation of how your TSERS retirement benefit is calculated:
Years of Service Credit (YOS): The first step is to determine your total years of service credit. Service credit is earned for each year you work and contribute to TSERS, provided you have not withdrawn your contributions. It also includes credit for eligible purchased service and eligible unused sick leave that is converted to creditable service at retirement.
Average Final Compensation (AFC): Your AFC is the average of your highest consecutive four years of salary within the last ten years of your employment. This average is typically based on your base salary and may exclude certain types of payments like bonuses or overtime.
Annual Benefit Formula: (AFC) x .0182 x (YOS)
To determine your monthly benefit, you would take the sum generated by the formula and divide it by 12. Click HERE for an easy plug and play estimate of your benefits.
Early Retirement Reduction: If you choose to retire before reaching the full retirement age (usually 65), your benefit might be reduced depending on how many years you have until the full retirement age.
Cost-of-Living Adjustments (COLAs): TSERS benefits may be adjusted annually to help your benefit keep up with inflation.
What are the different retirement options available to TSERS members?
Below is an overview of the various TSERS options. Whether an individual is eligible or not will depend on their personal circumstances. For accurate and personalized information, it would be best to contact a financial professional that can help you identify the TSERS options that are best suited for your personal circumstances.
TSERS members options:
Option 1 (Maximum Allowance): When you retire with a service retirement benefit, your basic benefit is the maximum allowance and is calculated under the formula we learned earlier - (AFC) x .0182 x (YOS). If you retire early, your maximum allowance is calculated using the same formula, which is then reduced for early retirement. In either case, you will receive your allowance for as long as you live. All monthly payments stop at your death.
Option 2 (100% Joint & Survivor): You receive reduced monthly payments for life. After you die, your beneficiary receives the same amount monthly for life.
Option 3 (50% Joint & Survivor): You receive reduced monthly payments for life which are slightly larger than the payments in Option 2. After you die, half of your payment continues to your monthly survivor beneficiary for life.
Option 4 (Social Security Leveling): You receive larger monthly payments than you would otherwise be entitled to receive until you are eligible for Social Security at age 62. Beginning the month after the month of initial entitlement for Social Security age 62 benefits, your monthly payments will be reduced to an amount that is less than what you would otherwise be entitled to receive. Nevertheless, your reduced retirement payments after age 62, plus your allowance from the Social Security Administration, should be approximately the same amount as the inflated payment you received from TSERS before age 62.
The actual amount of your retirement payments both before and after age 62 will be based on the estimate of benefits you provide to us from the Social Security Administration before your retirement. All monthly payments stop at your death. The reduction in your monthly retirement payments after age 62 allows TSERS to recover the additional amounts you received before age 62.
Any percentage increase you are granted in your retirement benefit before age 62 will be applied to the additional benefit you are receiving at that time. However, when you reach age 62, your retirement benefit will be reduced to the original amount promised after age 62 plus the percentage increases (not the dollar amount of increases) granted before age 62.
Option 6-2 (Modified Joint & Survivor): This option is a combination of Option 1 & Option 2. You receive reduced monthly payments for life (a larger reduction than under Option 2). After you die, your monthly survivor beneficiary receives the same amount monthly for life. However, if your beneficiary dies before you do, your monthly payments increase to the amount payable under the maximum allowance.
Option 6-3 (Modified Joint & Survivor): This option is a combination of Option 1 & Option 3. You receive reduced monthly payments for life (a larger reduction than under Option 3). After you die, half of your payment continues to your monthly survivor beneficiary for life. However, if your beneficiary dies before you do, your monthly payments are increased to the amount payable under the maximum allowance.
Benefit payments & beneficiary
It is important to note that if you select a benefit payment option that names a beneficiary, you should immediately notify the Retirement Systems if that person dies before you. NOTE: Under Options 2, 3, 6-2 and 6-3, you may name only one beneficiary to receive a monthly survivor benefit after your death. You may not change your survivor beneficiary after you retire except under one of the following circumstances:
If you named your spouse as survivor beneficiary at the time of retirement and later become divorced from that spouse.
If you return to employment covered under TSERS and contribute to a new retirement account for at least three years.
If you chose Option 2 or 3 at retirement, and designated your spouse as survivor beneficiary, and this spouse dies before you, and you remarry, you may request to nominate your new spouse as your beneficiary within 90 days of your remarriage under the same option you chose at retirement. Contact our office and we will mail you a letter outlining the documents we need to make the change. You must file this re-designation with TSERS within 90 days of your remarriage.
Your new benefit will be reduced based on your age and the age of your spouse at the time of the change. The benefit payable to you will be the benefit you received before the death of your previous spouse, additionally reduced to cover your new spouse as beneficiary.
Can I purchase service credit to increase my TSERS retirement benefits?
As of 2022 - The short answer is yes! The explanations and requirements can get a little wordy though. Your retirement benefits depend on your creditable years of service, which is the time you've been a member of TSERS and made contributions. This includes the years and months you've been part of TSERS. It might also cover previous service credits, sick leave credits, military service credits, and certain types of purchased service credits which are described below. (Any service that was forfeited due to a felony conviction cannot be repurchased.)
Sick Leave: Unused sick leave can be converted to additional retirement service credit at the time of your retirement if all of the following conditions are met:
Your sick leave was earned monthly under a duly adopted sick leave policy.
You would receive full salary when using the sick leave if absent from work because of illness.
You have not, and will not, receive any compensation for this sick leave.
Your last day of service with your last participating TSERS employer is within five years before your TSERS effective date of retirement.
When you retire, you are allowed one month of credit for each 20 days of unused sick leave. For any part of 20 days left over, one additional month is allowed provided the remaining portion is at least one hour. A sick leave “day” is determined by your employer’s sick leave accrual policy and may or may not be equal to eight hours.
EXAMPLE 1: John Smith earns one day of sick leave per month under his employer’s sick leave accrual policy while working an extended shift of 12 hours per day and he accrues 12 hours of sick leave each month. When his employer certifies his unused sick leave on his retirement application (Form 6), for each 12 hours of eligible unused sick leave, his employer should report one day of unused sick leave, rather than 1.5 days.
EXAMPLE 2: Kim Jones earns one day of sick leave per month while working 7.5 hours per day and accrues 7.5 hours of sick leave each month. When her employer certifies her unused sick leave on her Form 6, for each 7.5 hours of eligible unused sick leave, her employer should report one day of unused sick leave.
Sick leave is used to increase your creditable service, but it cannot be used to meet the minimum qualifications for a deferred benefit or the Survivor’s Alternate Benefit. You may use your sick leave to complete 30 years of service regardless of age, 25 years of service after age 60, and 20 years of service after age 50.
Military Service (NO COST): Your periods of active duty in the U.S. Military up to the time you were first eligible for an honorable discharge, count as creditable service at no cost to you if you were a teacher or state employee when you entered active duty and you returned to TSERS employment under one of the following circumstances:
Within two years after your earliest discharge date.
At any time after your discharge and you complete at least 10 years of additional service as a contributing member.
Your TSERS employer is required to pay the employer and employee contributions for the full period you were in active duty if you were a TSERS member immediately before your active-duty military service, and you return to TSERS membership service within two years after your military discharge date.
Military Service (COST): If you are ineligible for free credit under these rules, you may be eligible to buy credit for your first period plus later required periods of active duty by making a lump-sum payment. To be eligible to purchase military service credit, you must have contributed to TSERS for five years. Your cost will be equal to the full actuarial liabilities created from the additional credit purchased. If your military service is creditable in another retirement system, generally you will not be eligible to purchase credit in TSERS.
Withdrawn Service If you have ever received a refund of your contributions from TSERS, LGERS, or the former Law Enforcement Officers’ Retirement System, you may be eligible to purchase, with a lump-sum payment, in TSERS, the amount of creditable service you lost when you received your refund up to a maximum of five years.
Before you are eligible to pay for this service, you must be rehired and contribute to TSERS for five years or have a combination of five years of current membership service in CJRS, LRS, LGERS or TSERS. The cost of the maximum five-year purchase is based on a full actuarial cost calculation and must be paid in a lump-sum payment. In addition, you will pay a $25 administrative fee.
Purchasing Other Withdrawn Service: If you ever received a refund of your contributions from CJRS, LRS or LGERS, you may be eligible to make a lump-sum payment to purchase the amount of withdrawn creditable service in the system from which it was withdrawn. Before you are eligible to pay for this service, you must have five years of current membership service in TSERS or in CJRS, LRS or LGERS, or have a combination of five years of membership service in any of these systems. This type of purchased service may be used to determine your eligibility for benefits in TSERS. However, only your creditable service in TSERS will be used in computing the amount of your TSERS benefit. Creditable service in any other system will be used to compute benefits from that system. Eligible withdrawn service you purchase in TSERS or LGERS counts as creditable service, not membership service. Your cost, which must be paid in a lump sum, will be calculated using the withdrawn service purchase provisions in the System from which you are purchasing the service credit.
Other Types of Service Purchases: In addition to withdrawn service and military service purchases, you may be eligible to purchase credit for the following types of service:
Out-of-State Service
Temporary Local and State Service
Educational Leave
Probationary or Waiting Period Service
Workers’ Compensation Leave
Part-Time Local and State Service
Other Service with a Local Government
Service with the Federal Government
Federally funded Public Community Service in North Carolina
Omitted Service
Service as a Member of a Charter School
Withdrawn UNC Optional Retirement Program Service
Extended Illness Leave
Parental Leave
Rollovers to Purchase Retirement Credit: TSERS will accept pre-tax money from an eligible retirement plan or an eligible IRA via rollover or in-service, plan-to-plan transfer to purchase creditable service.
Make a plan NOW so that in retirement you can actually RELAX!
What happens to my TSERS account if I leave my job before retirement age?
Vesting: Vesting refers to the point at which you have earned the right to receive retirement benefits from TSERS even if you leave your job before retirement age. In TSERS, vesting typically occurs after five years of creditable service. If you've worked for at least five years, you'll be vested and entitled to a future pension benefit once you reach the plan's retirement age, even if you leave your job before then.
Withdrawal Options: If you leave your job before becoming vested, you might have options regarding your TSERS contributions. You could choose to:
Leave Contributions in TSERS: You can leave your contributions in the retirement system and potentially receive a refund later, often with interest, depending on the rules of the plan.
Withdraw Contributions: You might be able to withdraw your contributions and any interest, but this would typically forfeit your eligibility for any future pension benefits from TSERS.
Deferred Retirement: If you are vested but choose to leave your job before retirement age, you can defer your retirement benefits until a later age. Your benefits will grow over time based on the additional service credit you accumulate by not retiring immediately.
Transferring Service: Depending on your new employment, you might be able to transfer your TSERS service credit to another qualified retirement plan if that plan allows for such transfers.
Pension Estimate: It's advisable to request a pension estimate from TSERS before making any decisions. This estimate will help you understand the potential pension benefit you could receive at different retirement ages based on your service credit.
If you leave your job before reaching retirement age while participating in the North Carolina Teachers' and State Employees' Retirement System (TSERS), a few different scenarios could apply depending on your length of service and your options:
Can I retire early from TSERS?
Yes, in the North Carolina Teachers' and State Employees' Retirement System (TSERS), you can retire early under certain conditions. TSERS offers an early retirement option, often referred to as "early retirement with reduced benefits." Here's how it generally works:
Age and Service Requirements: To be eligible for early retirement, you typically need to meet a combination of age and service requirements. These requirements can vary, so it's essential to consult the specific rules of the TSERS plan you're enrolled in.
Reduced Benefits: Early retirement usually comes with a reduction in your pension benefits compared to what you would receive if you waited until your normal retirement age. The reduction is often calculated based on your age at the time of retirement and the number of years you retire before your normal retirement age.
Vesting Requirement: You must be vested in the TSERS plan to be eligible for any type of retirement, including early retirement. Vesting generally requires a minimum number of years of creditable service, often five years, to be eligible for any pension benefits.
Pension Calculation: The calculation of your early retirement pension is based on a formula that considers factors such as your years of service, your average salary, and the reduction applied due to early retirement.
Health Insurance Considerations: If you're retiring early, you should also consider the impact on health insurance coverage. Retiring before reaching Medicare eligibility age could affect your access to health insurance through your employer's plan or other sources.
Pension Estimate: Before making any decisions, it's recommended to request a pension estimate from TSERS. This estimate will help you understand the amount of pension benefit you could receive if you choose to retire early.
Calculating Early Retirement
If you are between ages 50 and 59, with fewer than 30 years of creditable service, your early retirement will be reduced to the percentages shown in the table on below. If you are a firefighter or rescue squad worker between age 55 and 60 with five to 20 years of creditable service, your early retirement will be reduced to the percentages shown below in the 20 years of creditable service column.
Early Retirement Reduction Percentages
Your age at retirement is an important factor in determining your monthly benefit. If you do not meet the requirements for a full-service retirement, you may still retire early, but you will receive a reduced monthly benefit for your lifetime. Early retirement benefits are calculated using the same formula as a service retirement multiplied by a reduction percentage based on your age and/or service at early retirement.
If you are between ages 60 and 65, with less than 25 years of creditable service, your early service retirement benefit will be reduced to the following percentages. If you are between birthdays when payments start, the reduction will be adjusted proportionately.
Early Retirement Example
Meet TSERS employee Danny Jenkins. Danny retires at age 61 with 24 years and three months of creditable service and an average final compensation of $40,954. Danny receives a benefit under the maximum allowance of about $15,905 a year (about $1,325 monthly). His payment will start at age 61 and continue for the rest of his life.
What would happen if Danny retires at age 59 instead of age 61? His early service retirement reduction percentage would be 0.80 instead of 0.88. That would change his benefit to about $14,460 a year (about $1,205 a month). His payment will start at age 59 and continue for the rest of his life.
What health insurance options are available to TSERS retirees?
You may be eligible for State Health Plan coverage under the Retirement Systems. The cost, if any, is determined by two factors: (1) when you began state employment, and (2) which health plan you select. It's important to note that health insurance options can vary based on factors such as your years of service, retirement date, and whether you are eligible for Medicare. Additionally, the availability of health insurance plans and options can change over time, so it's crucial to stay informed about the most current offerings.
Noncontributory Coverage
Eligible retiree members retiring prior to January 1, 1985.
Except as otherwise provided, on and after January 1, 1988, eligible retiree members must have completed at least five years of contributory (membership) retirement service with an employing unit prior to retirement from any state-supported retirement system in order to be eligible for group benefits under this Part as a retired employee or retiree. If you withdraw your service (receive a refund of your contributions) and, at a later date, become reemployed as an employee, this new start date will be considered your first hired date.
Employees first hired on and after October 1, 2006, and members of the General Assembly first taking office on and after February 1, 2007, must have 20 or more years of retirement service credit.
Contributory Coverage
Eligible retiree members retiring prior to January 1, 1985.
Except as otherwise provided, on and after January 1, 1988, eligible retiree members must have completed at least five years of contributory (membership) retirement service with an employing unit prior to retirement from any state-supported retirement system in order to be eligible for group benefits under this Part as a retired employee or retiree. If you withdraw your service (receive a refund of your contributions) and, at a later date, become reemployed as an employee, this new start date will be considered your first hired date.
For employees first hired on and after October 1, 2006, and members of the General Assembly first taking office on and after February 1, 2007, must have 20 or more years of retirement service credit.
Optional Supplemental Insurance
Optional supplemental insurance refers to dental, vision & identity theft protection. This coverage is available to retirees and benefit recipients through Pierce Insurance Agency. Pierce will mail information to you after your first retirement benefit has been issued.
Click to enlarge Health Plan Eligibility Chart
One-Half Contributory Coverage (Half premium paid by the retiree*)
Eligible retiree members with 10 years but less than 20 years of retirement service credit provided the employees were first hired on or after October 1, 2006, and General Assembly Members first taking office on or after February 1, 2007.
*The state shall pay fifty percent (50%) of the Plan’s total employer premiums. Individual retirees shall pay the balance of the total premiums not paid by the state, unless prohibited by law.
Fully Contributory Coverage (Full premium paid by the retiree)
Eligible retiree members with less than 10 years of retirement service credit, provided the employees were first hired on or after October 1, 2006, and the members first took office on or after February 1, 2007.
In all cases, if you choose coverage for your dependents, you must pay the full cost of dependent coverage.
Your coverage begins on the first day of the month following your effective date of retirement. For example, if your effective date of retirement is January 1, your coverage in the retiree group plan will begin on February 1. When you (or your covered dependents) become eligible for Medicare, you must elect both Parts A (Hospital) and B (Medical) in order to maintain the same level of coverage you received before retirement.
NOTE: Members hired on or after January 1, 2021, are not eligible to receive retiree medical benefits
Are TSERS retirement benefits subject to taxation?
Since July 1, 1982, your contributions have been tax-deferred. This means your contributions are deducted from your pay before taxes are calculated, and you pay taxes on them when you begin receiving monthly retirement benefits or if you elect a refund of your contributions. The following is a brief outline of current tax laws as they apply to TSERS benefits. However, because tax laws often change, we recommend you consult your tax advisor for more information.
After you retire, TSERS will send you a Form 1099-R, which shows the amount of your retirement benefits, the taxable portion (if any) of those benefits, the amount of tax withheld (if any), and other related information. They will also send copies to the Internal Revenue Service and the North Carolina Department of Revenue. Therefore, you should report your retirement benefits on your federal and North Carolina tax returns regardless of whether you owe any income tax.
Taxes in retirement
Part of your retirement benefit may not be subject to federal income tax because the tax was withheld while you were working. Included in the nontaxable part of your retirement benefits are contributions you made before July 1, 1982, and any non-rollover service purchases you made.
You pay no federal income tax on after-tax purchases of service or on the amount you contributed before the date your employer adopted a tax sheltering resolution (if they have done so). However, the amount you contribute after the date your employer adopted a tax sheltering resolution (if they have done so) is subject to federal income tax. Also, all interest your contributions have earned is subject to federal income tax. Federal income tax laws require withholding from the taxable portion of your refund unless that portion of your refund is directly rolled over to an eligible IRA or eligible employer retirement plan that will accept your rollover. If you do not roll over the taxable portion of your refund directly to an eligible IRA or eligible employer plan that will accept your rollover, we will withhold 20 percent of the taxable portion of your refund for federal income tax purposes. Withholding is mandatory unless the taxable portion of your refund is directly rolled over.
In addition to income tax, you may owe a 10 percent excise tax on the taxable portion of a refund received before your death, disability, or reaching age 59½. You can defer the income tax and avoid the 10 percent excise tax by rolling over the taxable portion of your refund to an eligible IRA or eligible employer plan. Consult the Internal Revenue Service, your attorney or your accountant for information relative to your situation.
Federal income tax
If you are a North Carolina resident and have maintained five or more years of retirement service credit as of August 12, 1989, your TSERS retirement benefit is not subject to North Carolina income tax. If you do not have five years of maintained retirement service credit as of August 12, 1989, the taxable portion of your retirement benefit is subject to North Carolina income tax.
If you are not a resident of North Carolina, you may not owe North Carolina income tax on your TSERS retirement benefit. However, you may owe state income tax in the state where you live. Contact your tax advisor, the North Carolina Department of Revenue or the Department of Revenue in your resident state for information relative to your situation. NC Retirement Systems can withhold only North Carolina income tax. We cannot withhold any other state’s income tax from your monthly benefit.
North Carolina income tax
Death benefits & taxes
Generally, your beneficiary pays no income tax on the lump-sum death benefit for active employees or the $10,000 Contributory Death Benefit for Retirees, which are treated as life insurance benefits for tax purposes.
Where can I find help to plan for my retirement from TSERS?
When contemplating the climb a massive mountain like Mt. Everest, most initially only think about the climb - getting there! Once at Everest Base Camp, it then takes an average of 40 days to climb to the peak of Mt. Everest. Few realize that It can take a few days or a week to descend, from the summit. Climbers must be extra cautious, in either the climb or the descent - following an experienced guide is essential for survival.
Your progression to retirement is much the same. Planning for retirement day is a career-long trek for which you seek guidance from financial professionals to multiply and protect your savings. However once you reach the peak of your career, aka retirement, it is wise to seek the assistance of an experienced guide to help you navigate the exit process of the TSERS including timing, paperwork and choosing the correct options that fit your unique circumstances. To that end, here are some practical suggestions:
There is no sense in rushing into a decision. Often times people work with a financial planner for decades - right on thru retirement. This is a long term relationship and there are many financial agents to choose from. You should feel comfortable and be put at ease by your interaction with the financial agent you choose. Look for a financial professional who is attentive, listens to your concerns, and takes the time to explain complex financial concepts in a way that you can understand. Check references, reviews and credentials to be sure you are working with an individual or agency that will put your needs first.
Take your time, you have many options!
Know before you go
Know your needs before meeting with an advisor. Take some time to identify your financial goals & retirement needs. For example, you could take the five needs of retirement and place them in order of importance to you. The needs we are referring to are: Stability, Income, Growth, Death Benefit & Liquidity. Rank these five things in order of their importance to you. Then share that information with the financial agent of your choice. Understanding your needs will help you and your advisor to find a plan of action that is most relevant to your unique circumstances. Good communication is essential to a successful plan!
Would you welcome a free retirement plan?
Are you ready to take charge of your retirement future? We invite you to schedule a complimentary appointment with us to delve into your individual retirement aspirations and needs. Our team is dedicated to understanding your unique situation and tailoring a personalized plan just for you – all at no cost. Let's work together to ensure your retirement dreams become a reality.
Planning for your retirement may be the most important financial decision of your life. Helping you would be a tremendous honor.
- Legacy Retirement
The intent of this website is to simplify the complex, complicated and sometimes confusing explanations that often accompany tax codes, pension standards or other financial jargon. In no way does LegacyRetirementGoals.com claim ownership or otherwise claim to be the express authority on any stated subject matter on any page or blog produced and shared on this site. Further, LegacyRetirementGoals.com, it's owners and/or affiliates do not work for TSERS, FERS or any other government agency. It's important to note that the eligibility requirements for TSERS, FERS or other referenced retirement benefits may change over time due to legislative changes or updates in the retirement plan rules.
