Welcome!
Thank you for visiting the Knox County Retirement & Pension Board website!
This site is designed to help employees, disability participants and retirees of Knox County Government and Knox County Schools (non-certified) stay informed of their benefits for Basic and Supplemental Life Insurance, Disability Benefits, Medical Expense Retirement Plan, Retirement Benefits as well as Medical Insurance after disability and retirement.
2009 IRS Form 1099-R
If you received a benefit payment or distribution from your Asset Accumulation Plan, Knox County Voluntary 457 Plan, Medical Expense Retirement Plan, Medical Retirement Premium Bonus, Uniformed Officers Pension Plan (UOPP) or Defined Benefit Plan, you will receive a 2009 IRS 1099-R form from each plan you received payments. A 1099-R reflects the taxable portion to be included on your 2009 Tax Return. If you do not receive your 1099-R by February 19, 2010, please contact the Knox County Retirement Office at (865) 215-2323 to request a duplicate copy. Please allow 7 - 10 business days for duplicate copies.
The 1099-R’s will be mailed by February 1, 2010
2010 IRS 457(b) Deferred Compensation Limits Announced
Each year the IRS sets limits for how much a 457(b) Participant can contribute on a pre-tax basis. For participants who are age 50 or older and for those who are within 3 years of normal retirement (age 62, 63, 64 except for UOPP who is 3 years prior to 25 years of service with a minimal age of 50), additional contributions are allowed up to a higher limit. For participants who wish to use the “catch-up” provision and contribute more than the basic limit, the Retirement Office must be informed with a notation on the 457(b) Enrollment/Change Form. Unless otherwise noted, Participants will be limited to the annual limit of $16,500 for 2009.
Keep in mind, that you can monitor your year-to-date employee contributions on your payroll check stub.
Click here to download the 457(b) Enrollment / Change Form.
If you have any questions please contact the Retirement Office at 215-2323.
| Limit Year | 2010 Limit Amount | AGE 50 or Older | Age 62, 63, 64 |
| 2010 Annual Limit | $16,500 | $16,500 | $16,500 |
| Catch Up | $0 | $5,500 | $16,500 |
| Total Eligible 2010 457(b) Contributions |
$16,500 | $22,000 | $33,000 |
