Tenn. Code § 8-25-114

Current through Acts 2023-2024, ch. 1069
Section 8-25-114 - Plan required to honor claims under qualified domestic relations order

Notwithstanding any other law to the contrary, any deferred compensation program established on behalf of state employees under this part or under part 3 of this chapter shall honor claims under a qualified domestic relations order at a time designated by the state treasurer. For purposes of this section, "qualified domestic relations order" has the same meaning as provided in § 414(p) of the Internal Revenue Code of 1986 (26 U.S.C. § 414(p)); provided, that such order may only relate to the provision of marital property rights for the benefit of the former spouse of the deferred compensation program participant.

T.C.A. § 8-25-114

Added by 2014 Tenn. Acts, ch. 659, s 1, eff. 4/10/2014.