§ 50-1-401 “Private pension and retirement plan” defined – Separate trust account established for employee contributions
§ 50-1-402 Violation – Penalty

Need help with an employment contract?
Have it reviewed by a lawyer, get answers to your questions and move forward with confidence.
Connect with a lawyer now

Terms Used In Tennessee Code > Title 50 > Chapter 1 > Part 4 - Private Pensions and Retirement Plans

  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • private pension and retirement plan: means any plan not covered by the federal employee retirement income security program, the Tennessee consolidated retirement system, or any other governmentally regulated pension and retirement fund. See Tennessee Code 50-1-401
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC