Tennessee HB0494 establishes the Voluntary Portable Benefit Plan Act, allowing entities to contribute to portable benefit plans for independent.

Tennessee HB0494 amends Tennessee Code Annotated, Title 50 and Title 65, Chapter 15, Part 3, to introduce the Voluntary Portable Benefit Plan Act. This act allows public or private entities, including internet or application-based companies, to voluntarily contribute funds to a portable benefit plan as a form of compensation to an independent contractor. The contributions can include health, unemployment, disability, life insurance, and retirement benefits.

Tennessee HB0494 establishes the Voluntary Portable Benefit Plan Act, allowing entities to contribute to portable benefit plans for independent.

Tennessee HB0494 amends Tennessee Code Annotated, Title 50 and Title 65, Chapter 15, Part 3, to introduce the Voluntary Portable Benefit Plan Act. This act allows public or private entities, including internet or application-based companies, to voluntarily contribute funds to a portable benefit plan as a form of compensation to an independent contractor. The contributions can include health, unemployment, disability, life insurance, and retirement benefits.