Shown verbatim: the complete text as captured from the official PDF posted by the Tennessee General Assembly, fetched 2026-09-25. Page and line markers are part of the official record; nothing is edited or removed. This is the chaptered version. The official bill page.
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PUBLIC CHAPTER NO. 341
HOUSE BILL NO. 550
By Representative Cochran
Substituted for: Senate Bill No. 8
By Senator Lowe
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 27; Title 8, Chapter 34;
Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement planning.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. This act is known and may be cited as the "Fairness in Benefits Act."
SECTION 2. Tennessee Code Annotated, Title 8, Chapter 36, Part 1, is amended by
adding the following as a new section:
(a) An employer participating in the Tennessee consolidated retirement system
shall allow the dissemination of information and educational materials developed by a
private entity regarding the entity's alternative retirement plans and life contracts to its
employees on the employer's premises, but outside an employee's official duty hours,
through direct contact with the private entity's representatives.
(b) An alternative retirement plan offered by a private entity as described in
subsection (a) must be the functional equivalent of a qualified retirement plan, including,
but not limited to, a plan qualified under Section 401 (a), 401 (k), 403(a), 403(b), 408(k),
408(p), or 457(b) of the Internal Revenue Code (U.S.C. title 26).
SECTION 3. This act takes effect upon becoming a law, the public welfare requiring it.
HOUSE BILL NO. 550
PASSED: April 16, 2025
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CAMEROl'rSEXTON,SPEAKER
HOUSE OF REPRESENTATIVES
RANDYMCN'
SPEAKER OF THE SE
z4 O" APPROVED this
day of VV\a, & 2025
BILL LEE, GOVERNOR w.Every fact on this page links to its source, starting with the official bill record.