Could You Use An Additional $600 A Year In Retirement Savings?

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The State of Tennessee has increased the amount it will match for state employees enrolled in the 401(k) deferred compensation program from $40 to $50 per month.  The minimum deferral to a 401(k) remains at $20 per month and $10 for those on a bi-weekly pay schedule.

In order to receive the full match, employees must defer a minimum of $50 per month or $25 per biweekly pay period.  To enroll or increase your deferrals, please complete the forms that can be found at:  http://www.tennessee.edu/retirement.  If needed, these forms can be mailed to individuals.

Questions or concerns should be directed to the Office of Benefits and Retirement Services, 974-4341, or benefits@tennessee.edu

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The University of Tennessee • Knoxville, TN 37996 • (865) 974-2225