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• Any type of contribution, compensation, or investment that is not taxed until the member receives the funds according to the program’s guidelines.

  South Carolina Retirement Systems - Cite This Source - This Definition
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  Cite Definition for Tax-Deferred

  American Psychological Association (APA)

  Tax-Deferred. (n.d.). SCRS Glossary. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/tax-deferred.

  Chicago Manual of Style (CMS)

  Tax-Deferred. www.retirement.sc.gov. SCRS Glossary. South Carolina Retirement Systems. http://www.expertglossary.com/definition/tax-deferred (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "Tax-Deferred." SCRS Glossary. South Carolina Retirement Systems. 25 March. 2023 http://www.expertglossary.com/definition/tax-deferred.

• Browse Related Terms: 401(k) Savings Plan and 457 Savings Plan, Average Final Compensation (AFC), Defined Contribution Plan, Direct Rollover, IRC Section 401(a), Lump-Sum Distribution, Qualified Domestic Relations Order (QDRO), Qualified Plan, Rollover, Roth 401(k) Savings Plan, Single-Sum Distribution, Tax-Deferred

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• All > Business > Finance > Personal Finance

All > Business > Finance > Personal Finance > Retirement

• Active SCRS members eligible for service retirement may participate in the TERI program , which allows an SCRS member to retire and begin accumulating his or her retirement annuity on a deferred basis without terminating employment. SCRS members must file a retirement application to elect TERI participation, select a payment plan, and designate retirement beneficiaries.

  South Carolina Retirement Systems - Cite This Source - This Definition
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  Cite Definition for Teacher and Employee Retention Incentive (TERI) Program

  American Psychological Association (APA)

  Teacher and Employee Retention Incentive (TERI) Program. (n.d.). SCRS Glossary. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/teacher-and-employee-retention-incentive-teri-program.

  Chicago Manual of Style (CMS)

  Teacher and Employee Retention Incentive (TERI) Program. www.retirement.sc.gov. SCRS Glossary. South Carolina Retirement Systems. http://www.expertglossary.com/definition/teacher-and-employee-retention-incentive-teri-program (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "Teacher and Employee Retention Incentive (TERI) Program." SCRS Glossary. South Carolina Retirement Systems. 25 March. 2023 http://www.expertglossary.com/definition/teacher-and-employee-retention-incentive-teri-program.

• Browse Related Terms: Beneficiary or Beneficiary Payee, Claims Procedure Act, Contingent beneficiary, Deferred annuity, Disability Determination Provider, Disability Retirement, Earned Service, Payment Plan, Refund, Retirement Annuity, Teacher and Employee Retention Incentive (TERI) Program, Workers’ Compensation