Fairness in Benefits Act
Amends TCA Title 8, Chapter 27; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.
Tennessee SB0008, titled the "Fairness in Benefits Act," mandates that employers participating in the Tennessee consolidated retirement system (TCRS) permit the distribution of information about alternative retirement plans and life contracts from private entities to their employees, provided this occurs outside of official duty hours. The bill impacts TCRS employers and their employees by ensuring access to educational materials on retirement options that are equivalent to qualified retirement plans under federal law. A key provision includes the allowance for direct contact between employees and representatives of the private entities offering these plans.
Tennessee SB0008, titled the "Fairness in Benefits Act," mandates that employers participating in the Tennessee consolidated retirement system (TCRS) permit the distribution of information about alternative retirement plans and life contracts from private entities to their employees, provided this occurs outside of official duty hours. The bill impacts TCRS employers and their employees by ensuring access to educational materials on retirement options that are equivalent to qualified retirement plans under federal law. A key provision includes the allowance for direct contact between employees and representatives of the private entities offering these plans.
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Lowe, Adam
114th General Assembly
December 2, 2024
May 8, 2025
Comp. became Pub. Ch. 341