Amends TCA Section 8-27-801.
Tennessee SB2267 amends TCA Section 8-27-801 to allow the four trustees responsible for overseeing other post-employment benefits to appoint a designee to act on their behalf in their absence. This change affects the governance of post-employment benefit plans by providing flexibility in trustee representation. Key provisions include the explicit authorization for trustees to designate an alternate representative when they are unable to fulfill their duties.
Tennessee SB2267 amends TCA Section 8-27-801 to allow the four trustees responsible for overseeing other post-employment benefits to appoint a designee to act on their behalf in their absence. This change affects the governance of post-employment benefit plans by providing flexibility in trustee representation. Key provisions include the explicit authorization for trustees to designate an alternate representative when they are unable to fulfill their duties.
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