A thrust reverser system for incorporation into a nacelle assembly of a gas turbine engine includes a frame member and a forward ring movable along an axial centerline relative to the frame member. The forward ring is movable between a first position and the second position. The thrust reverser system additionally includes a cascade segment slidably attached to the frame member and rotatably attached to the forward ring. When the forward ring is in the first position the cascade segment is in a radially outer position, and when the forward ring is in the second position, the cascade segment is in a radially inner position for changing a direction of a flow of air to generate reverse thrust.