City of Knoxville - Pension Plan

PENSION PLAN

Pension Board
917B E. Fifth Avenue
Knoxville, TN 37917-7737
Main Office: 865-215-1444
Fax: 865-215-1440

The City of Knoxville Pension Board consists of seven members: four elected employee representatives, the Mayor, the Finance Director, and a City Council representative.

Non-Uniformed Employees

Employees hired in eligible positions with the City are required to participate in Plan G Option 1 beginning on the first day of the month following the completion of six months of employment with the City.

Employee Contributions: 6% of regular bi-weekly salary (does not include overtime); 6% of longevity pay; 6% of any bonus paid;

Employer's Contributions: Amount determined actuarially to fully fund benefit

Uniformed Employees

Regular employees of the uniformed bodies of the City commonly referred to as policeman or fireman participate in Plan C beginning on the first day of the month following the completion of six months of employment with the City.

Employee Contributions: 6% of regular bi-weekly salary (does not include overtime); 6% of longevity pay; 6% of holiday pay; 6% of first responder supplement; 6% of any bonus; 6% of the insurance supplement (only employees hired prior to 1/1988). Maximum of 30 years contributions.

Employer's Contributions: Amount determined actuarially to fully fund benefit.