Could You Use An Additional $600 A Year In Retirement Savings?
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 email@example.com