Establishes a Tennessee retirement savings plan for residents employed by private employers.
The bill creates a Tennessee retirement savings plan for residents employed by private employers. It establishes a Tennessee retirement savings board to develop and manage the plan. The plan will be a defined contribution retirement plan allowing eligible individuals to contribute through payroll deductions or other methods. Employers with more than five employees must offer the plan unless they already offer a qualified retirement plan.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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