Tennessee Code 8-25-114 – Plan required to honor claims under qualified domestic relations order
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Terms Used In Tennessee Code 8-25-114
- Internal Revenue Code: means the Internal Revenue Code of 1986, codified in United States Code, title 26, as amended. See Tennessee Code 8-34-101
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- State: means the state of Tennessee. See Tennessee Code 8-34-101
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.