- Knox County Voluntary 457 Plan packets are now available at various locations
or you may contact the Retirement Office at 215-2323. - 457 Voluntary Plan Update Annoucement (Click Here)
"Important Retirement Deduction Information"
Here are some changes you may notice on your pay stub:
- EEUSI – This is your voluntary pretax deduction that you signed up for. This is in addition to your mandatory 6%.
There will not be a % listed only the dollar amount that it calculated out to be.
- RET 6% - This is your mandatory 6% deductions.
- 6% Stop’d – This is the mandatory 6% deductions that were taken out prior to 7/1/07 before the FICA changes.
- If you have additional questions please contact our office at (865) 215-2323. We hope this clears up any questions or concerns you may have regarding your retirement deductions.
July 13, 2007
Enhanced Plan Effective July 1, 2007
Asset Accumulation Program Participants
Participants currently in Voluntary Contributions
If you are currently enrolled in the post-tax voluntary retirement plan through Knox County Retirement, your deductions will automatically transfer to a pre-tax deduction effective July 1, 2007.
If you wish to make changes to your current deduction please submit an “Asset Accumulation Program Payroll Contribution Change Form”. This form was included in the packet mailed to your home.
Participants wanting to enroll in Voluntary Contributions
If you would like to enroll in the pre-tax voluntary plan through Knox County Retirement, please complete the “Asset Accumulation Program Contribution Change Form” and submit it to the Retirement Office. This form was included in the packet mailed to your home.
Matching Contributions
Please remember that your Knox County Retirement pre-tax voluntary contributions will be matched by your employer based on your years of service. You may enroll and/or change your contribution at anytime throughout the year.
Years of Service |
Matching Contribution |
Less than 5 years |
0% |
5 to 9 years |
Up to - 2% |
10 to 14 years |
Up to - 4% |
15 or more years |
Up to - 6% |
Asset Accumulation Program Payroll Contribution Change Form (click here)
Please remember: Changes and enrollments to this plan maybe done at anytime just submit the completed, signed original form to the Retirement Office.
Effective immediately, you may elect dependent child life insurance coverage of $5,000 at any time if the child/children meet the following eligible criteria:
- Between the ages of 14 days to 19 years, or up to age 24, if full-time student
This will not require an evidence of insurability form. Only the completion of the life insurance change form.
The cost is $0.52 per month regardless of the number of children covered.
Posted October 31, 2006
The Salomon Bros Cash Management fund within the Ultra Conservative Investment Style is now a closed fund effective August 18, 2006. All funds have been transferred from the Salomon Bros Cash Management fund to the Excelsior Money Market fund. Excelsior will now represent 10% of the Ultra Conservative fund.
Please click here for more detailed information that was mailed to your home. Please note: This was mailed only to participants who had balances in the Ultra Conservative Investment Style in both the Asset Accumulation Plan and/or Medical Expense Retirement Plan.
USI CONSULTING GROUP has implemented new security features to their website www.usicg.com that went into effect August 14, 2006. Please click here for information that was mailed to your home.
This applies to participants who have an account balance in the Asset Accumulation Plan and/or Medical Expense Retirement Plan.
This change does not affect the voice response system for USICG.
