Supplemental Retirement Plans
401(k) and 457 Plans
Employees of the State of Tennessee are eligible to participate in two optional, tax-deferred retirement savings plans operated by the state: a 457 plan and a 401(k) plan (with employer match). Compare the two plans here.
If you choose to participate in either or both of these plans, you make contributions through regular payroll deductions. Both of these plans are geared for retirement, so contributions cannot be withdrawn before separation from service with a very few limited exceptions. Both plans are participant directed, so you choose how much to defer and how to direct your contributions among a variety of investment options. See more program details in the Participant Guide. or contact Glenda Stone directly 615.244.1030 or email@example.com.
Click here for your
401(k)/457 Enrollment Application
403(b) plans are tax-sheltered annuity plans that afford the employee the opportunity to defer receiving a portion of his/her salary before taxes. Three companies: TIAA-CREF, VALIC and ING are the companies approved for payroll deduction of tax-sheltered annuities. Enrollment packets can be obtain from the Office of Human Resources or by contacting the vendors directly at the phone numbers listed on the previous page.
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