The 32-year-old scrum half has been skipper for the past three seasons -seven in all.
He said: "I have done my stint and I think it is time to hand the reins over to someone else. I have been involved with the club for a long time and the idea next season is to help out with the coaching."
Jenkinson, however, says he is not quitting playing, despite a long-term knee injury which almost ended his career earlier this season.
He also suffered a shoulder injury which responded with rest.
"I'm keen to keep playing, if selected, of course," he added. "I will see how pre-season goes."
Looking forward to next season, Jenkinson added: We certainly need to improve our away form if we are going to be considered serious title contenders.
"Were looking to put a plan in place for next season and to start training earlier this summer - in the middle of June. If we have thoughts of promotion, we need to get off to a good start - and that means a good pre-season."
Greg Dyke, the club's president said: "We really appreciate everything Tim has done for the club. He has led by example and we hope he will continue playing as long as he can."
Well done mate. You deserve all the plaudits that come your way.
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