Definitions

In addition to the definitions contained in T.C.A. Title 8, Chapter 25, the following definitions are applicable to this chapter: (1) Alternate payee means a former spouse of a deferred compensation program participant who is recognized by a qualified domestic relations order as having a right to receive all or a portion of the amount payable to a deferred compensation program participant. (2) Deferred compensation program means the program through which the state of Tennessee administers deferred compensation plans authorized under T.C.A. Title 8, Chapter 25, Parts 1 and 3. (3) Participant means any employee who has elected to participate in a deferred compensation plan administered by the state of Tennessee that is authorized under T.C.A. Title 8, Chapter 25, Parts 1 and 3; any former employee who has an account balance in a deferred compensation plan administered by the state of Tennessee that is authorized under T.C.A. Title 8, Chapter 25, Parts 1 and 3; and any member of the Tennessee Consolidated Retirement System who participates in the hybrid plan authorized under T.C.A. Title 8, Chapter 36, Part 9, through which the member’s defined contribution component consists of a deferred compensation plan administered by the state of Tennessee that is authorized under T.C.A. Title 8, Chapter 25, Part 3. (4) Plan(s) mean the deferred compensation plan(s) in which an employee participates through the deferred compensation program. (5) Qualified domestic relations order (“QDRO”) has the same meaning as provided in § 414(p) of the Internal Revenue Code of 1986, codified in 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.