Human Resources

Retirement Information for TMCC Employees

This page provides TMCC employees with information regarding the TMCC Retirement plan and retirement plan alternatives..

PERS: Eligibility Requirements Back to Top

Administrative and academic faculty who are hired on an "A" or "B" contract of at least .50 percent are provided with a defined contribution 401(a) retirement plan commencing on their date of hire.

Faculty who are a State of Nevada PERS (Public Employees' Retirement System) participant must continue to participate in PERS.

Under the terms of the RPA, employees must contribute 10.5 percent of their gross salary to the plan. The employer also makes a matching 10.5 percent contribution. Both the employee and the employer contributions are invested, at the direction of each participant, into a 401(a) account. The employee selects their retirement plan fund sponsor (TIAA-CREF, VALIC, OR FIDELITY) and, within that fund sponsor, selects the funding vehicles for investment of their retirement contributions.

The plan provides for immediate vesting. The employer account that the Nevada System of Higher Education contributes to does allow cash ability upon termination of employment and reaching age 55, while the employee account will be 100 percent cashable upon termination of employment (subject to IRS withdrawal limitations). If you terminate within the first five (5) years of employment, both account balances may be withdrawn.

Your base pay, longevity pay, shift differential pay and call-back pay are subject to retirement contribution. Overtime, terminal leave, pay from secondary employment and any other type of payment not specifically listed as subject to retirement contribution within Chapter 286 of the NRS is not subject to contribution.

PERS: Employer Paid Contribution Plan (ERPaid) Back to Top

If you are a school teacher or an employee of a large, local government employer, it is likely that you are contributing under ERPaid. You might also be contributing under ERPaid if you work for the State of Nevada or another employer whereby you voluntarily chose to participate under ERPaid. Such contributions are not deposited to your individual member account and are not available for refund upon termination of employment. The ERPaid contribution rate for regular members is 20.25 percent. To view the classified pay contribution select Employer Paid compensation schedule.

PERS: Employee/Employer Paid Contribution Plan (EE/ER paid) Back to Top

Employees of the State of Nevada and many of the smaller employers have the option to contribute under this plan. You and your employer share equally in the contribution to PERS, currently 10.5 percent each. Your after tax contribution is refundable upon termination of employment if you do not elect to receive a monthly retirement benefit. If you are unsure of which plan you are contributing under, contact your employer or the retirement system. To view the classified pay contribution select Employee/Employer paid compensation schedule.

PERS: Classified Employees -- on Police/Fire Employer Paid Contribution Plan (EPC) Back to Top

For the State of Nevada Police and Fire Department Employer Paid Contribution Plan (EPC) select Employer paid compensation schedule.

PERS: Service Credit Purchase Estimator

You can use our calculator below to give you an estimated cost for the purchase of one year of service credit. This cost is based on your salary times the number of months purchased times the actuarial percentage based on your age.

PERS: Benefits Estimator

This benefit estimator is intended to assist you in projecting your future retirement benefits based on information that you will provide. To estimate your future retirement benefits select benefits estimator.

For further information refer to the Public Employees Retirement System (PERS) or contact the TMCC Human Resources Office.

Retirement Plan Alternatives (RPA) Back to Top

NSHE Tax Sheltered Annuity 403(b) Plan Back to Top

State of Nevada Deferred Compensation 457 Plan Back to Top

FICA Alternative Retirement Plan Back to Top