General State and Higher Education Employees will be eligible to receive a $2 match for every $1 contributed to the State of Tennessee 401(k) plan each month, up to $100, for the fiscal year beginning July 1, 2022. That\u2019s a maximum match of $100 per month for contributions of $50 or more.<\/p>\n
If you\u2019re already contributing at least $50 to your 401(k) account each month, great news! You are all set to receive the full $100 match beginning with the first payroll for FY23.<\/p>\n
If you haven\u2019t yet enrolled or aren\u2019t currently contributing at least $50 each month to the 401(k) account, don\u2019t leave extra money on the table! To get the full match for the fiscal year, log into your 401(k) account now at RetireReadyTN.gov <\/a>to make sure your monthly contributions equal at least $50 per month.<\/p>\n The increased match is currently approved for fiscal year 2023, which runs July 1, 2022 to June 30, 2023.<\/p>\n RetireReadyTN is the state\u2019s retirement program, combining the strengths of a defined benefit plan provided by the Tennessee Consolidated Retirement System (TCRS); deferred compensation plans through services provided by Empower Retirement, TIAA, and Voya; and retirement readiness education. We strive to empower public employees to take actionable steps toward preparing for the future.<\/p>\n