Tennessee § 50-1-401 - “Private pension and retirement plan” defined — Separate trust account established for employee contributions.
Full text of Tennessee Tennessee Code Annotated § 50-1-401 — “Private pension and retirement plan” defined — Separate trust account established for employee contributions., with citation guidance and answers to common questions.
§ 50-1-401. “Private pension and retirement plan” defined — Separate trust account established for employee contributions.
As used in this part, “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. Any person maintaining a private pension and retirement plan that receives its funding either partially or totally from the employees' pay shall deposit all money received for the plan in a separate trust account. The funds in this separate account can only be used for the costs of administering the plan and for providing the benefits that accrue to the members of the plan. Acts 1978, ch. 834, § 1; T.C.A., § 50-401; T.C.A., § 50-801.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 50-1-401
What does Tennessee Code Annotated § 50-1-401 cover?
Section 50-1-401 ("“Private pension and retirement plan” defined — Separate trust account established for employee contributions.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 50-1-401?
A common citation format is "Tennessee Code Annotated § 50-1-401" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 50-1-401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.