WebThe State of Tennessee will match up to $50 per month in a 401K plan. These plans have a lot of fund choices and are managed by Great West Retirement. The state contributes … WebBudget Procedures - As introduced, increases, for FY22-23, the state employer match to 200 percent of the amount contributed by each state employee to the state's 401(k) plan per …

State of Tennessee Employee Benefit: Retirement Plan

WebNov 30, 2024 · Yes. You can enroll in 401k; however, you are not eligible for the state’s match contribution. For detailed information on the Hybrid Pension Plan, please visit: … WebCurrently, the plan is administered by Empower Retirement through a contract set by the State of Tennessee. The 401 (k) plan offers loans and hardship withdrawals. This plan offers a $50/month match by the University. The minimum deferral is $20 per month or $10 per biweekly period. cdc walking recommendations

457(b) Plan Features and Highlights - Williamson County, …

WebA 401(k) plan through services provided by Empower Retirement Retirement readiness education As a state employee in Tennessee, you have unique retirement plan options … WebHybrid Retirement Plan for State Employees and Teachers. TCRS and 401K; Supplemental 401(k) Employees are auto-enrolled at 2%, but they can opt out after first payroll. OR. Optional Retirement Program (ORP), which is a Defined Contribution 401(a) plan. TIAA and Voya are the vendors; Supplemental 401(k) Employees are auto-enrolled at 2%, but ... WebYou can leave your entire account balance in your State of Tennessee 457 Deferred Compensation Plan account. If you sever employment with your current employer, you may also roll over your account balances to another eligible governmental 457(b), 401(k), 403(b) or 401(a) plan, if your new employer’s plan accepts such rollovers, or to an IRA. butlers accountants coolangatta