Amends TCA Title 8, Chapter 25.

This bill increases from $50 to $100 the maximum amount that the state will match to certain employee retirement plans, unless a higher maximum amount is specifically prescribed in the annual general appropriations act.<br /> <br /> Present law requires the state to provide for employer matching of contributions to the plan on behalf of participating state employees who are eligible to participate in the Tennessee consolidated retirement system, or the optional retirement program established for employees of public institutions of higher education, and on behalf of participating seasonal or temporary state employees under 25 years of age who are paid on the centralized state payroll system.<br /> <br /> Present law generally requires an employer match to equal 100 percent of the amount contributed by each state employee to the plan per month, up to a maximum of $50 per month or, alternatively, up to a higher maximum that may be specifically prescribed in the annual general appropriations act. However, for the fiscal year beginning July 1, 2022, the state employer match was increased to a maximum of $100 per month.<br /> <br /> This bill increases the maximum amount that the state will match from $50 to $100 going forward, beginning July 1, 2023, and removes the provision that related to the maximum amount that applied only to the fiscal year beginning July 1, 2022.<br />