Tennessee § 8-25-310 Alternative social security replacement plan for classes of employees not covered by agreement under Section 8-38-103

Tennessee Statutes

§ 8-25-310 — Alternative social security replacement plan for classes of employees not covered by agreement under Section 8-38-103

Tennessee § 8-25-310

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This text of Tennessee § 8-25-310 (Alternative social security replacement plan for classes of employees not covered by agreement under Section 8-38-103) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 8-25-310 (2026).

Text

The state treasurer, with the approval of the commissioner of finance and administration, may adopt a new feature to the plan that would provide for an alternative social security replacement plan that satisfies the requirements of § 3121(b)(7)(F) of the Internal Revenue Code ( 26 U.S.C. § 3121(b)(7)(F) ), as may be amended, and any rules and regulations promulgated thereunder for any classes of state employees, including employees of institutions of higher education, whose service is not covered by an agreement entered into under § 8-38-103 . Any such plan may require the withholding as deferred compensation from the wages otherwise payable to those employees of up to seven and one-half percent (7½%) of wages, as the term "wages" is defined for social security purposes, or such other amou

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The state treasurer, with the approval of the commissioner of finance and administration, may adopt a new feature to the plan that would provide for an alternative social security replacement plan that satisfies the requirements of § 3121(b)(7)(F) of the Internal Revenue Code ( 26 U.S.C. § 3121(b)(7)(F) ), as may be amended, and any rules and regulations promulgated thereunder for any classes of state employees, including employees of institutions of higher education, whose service is not covered by an agreement entered into under § 8-38-103 . Any such plan may require the withholding as deferred compensation from the wages otherwise payable to those employees of up to seven and one-half percent (7½%) of wages, as the term "wages" is defined for social security purposes, or such other amount as may be required as an alternative to social security contributions.