8-25-301 - State plans authorized. - Tennessee Statutes

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8-25-301. State plans authorized.

The state treasurer is directed to develop and obtain internal revenue service approval of a profit sharing and/or salary reduction plan for state employees as permitted under § 401(k) of the Internal Revenue Code. The responsibility for implementation of the plan for employees of institutions of higher education may be delegated by the state treasurer to the chancellor of the board of regents for employees of institutions thereunder and to the president of the University of Tennessee for employees of institutions thereunder. The responsibility for implementing the plan for state employees who are not paid on either the centralized state payroll system or by an institution of higher education may be delegated as determined by the state treasurer.

[Acts 1982, ch. 680, § 1; 1983, ch. 282, § 6.]

State Codes and Statutes

Statutes > Tennessee > Title-8 > Chapter-25 > Part-3 > 8-25-301

8-25-301. State plans authorized.

The state treasurer is directed to develop and obtain internal revenue service approval of a profit sharing and/or salary reduction plan for state employees as permitted under § 401(k) of the Internal Revenue Code. The responsibility for implementation of the plan for employees of institutions of higher education may be delegated by the state treasurer to the chancellor of the board of regents for employees of institutions thereunder and to the president of the University of Tennessee for employees of institutions thereunder. The responsibility for implementing the plan for state employees who are not paid on either the centralized state payroll system or by an institution of higher education may be delegated as determined by the state treasurer.

[Acts 1982, ch. 680, § 1; 1983, ch. 282, § 6.]

State Codes and Statutes

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State Codes and Statutes

Statutes > Tennessee > Title-8 > Chapter-25 > Part-3 > 8-25-301

8-25-301. State plans authorized.

The state treasurer is directed to develop and obtain internal revenue service approval of a profit sharing and/or salary reduction plan for state employees as permitted under § 401(k) of the Internal Revenue Code. The responsibility for implementation of the plan for employees of institutions of higher education may be delegated by the state treasurer to the chancellor of the board of regents for employees of institutions thereunder and to the president of the University of Tennessee for employees of institutions thereunder. The responsibility for implementing the plan for state employees who are not paid on either the centralized state payroll system or by an institution of higher education may be delegated as determined by the state treasurer.

[Acts 1982, ch. 680, § 1; 1983, ch. 282, § 6.]