If you are a full time employee or regularly scheduled to work at least 18.5 hours or more per week and currently in active status you are required to make mandatory pre-tax contributions of 6%.
Knox County Retirement accepts rollovers from IRA’s, 401(a), 401(k), 457(b) and Defined Benefit Plans. It is recommended that you consult with a financial or tax advisor before making a rollover.
Summary of Benefits
For more information regarding your Asset Accumulation Plan, please click here for the Employee Retirement & Asset Accumulation Program Summary of Benefits.
For information regarding your Investment Funds through the Asset Accumulation Plan, please click here for the Investment Funds booklet.
This summary highlights the provisions of the Asset Accumulation Program, which are written in Plan and Trust Agreements. It is not meant to interpret, extend or change either Plan in any way. Accordingly, the actual and complete provisions of the Plans can only be determined accurately by consulting the Plan and Trust Agreements themselves. Copies of the Plan and Trust Agreements are on file at the Knox County Retirement & Pension Board Office and may be read at any reasonable time. In the event of any discrepancy between this guide and the actual provisions of either Plan, the Plan shall govern.
If you are considering returning to work after retiring from the Asset Accumulation Plan, please read this document first. Click here.