CHAPTER NO. 591
SENATE BILL NO. 2230
By Elsea, Atchley, Dixon
Substituted for: House Bill No. 2215
By Burchett, McDaniel, Walker
AN ACT To amend The Tennessee Employment Security Law, Tennessee Code Annotated, Section 50-7-303(a)(8)(A)(i).
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 50-7-303(a)(8)(A)(i), is amended by inserting the following new language between the words "base period or chargeable employer" and the language "; and":
; provided, however, that no reduction shall be made if 100% of such pension is rolled into an individual retirement account (IRA).
SECTION 2. This act shall take effect upon becoming law, the public welfare requiring it.
PASSED: February 19, 1998
APPROVED this 10th day of March 1998