I received this  and thought UTC employees may be interested.


>Date: Fri, 14 May 1999 17:54:57 -0400 (EDT)

>From: Charles L Thompson <[log in to unmask]>
>X-Sender: [log in to unmask]
>To: [log in to unmask]
>Subject: Your retirement options
>
>
>Dear All,
>
>Writing as chair of the Faculty Senate Faculty/Staff Benefits committee,
>I would like to call your attention to TN Senate Bill 453 (sponsored by
>McNally) and its companion House Bill 522 (Baird).  These bills, if
>passed, will allow UT employees the option of selecting a lump sum
>distribution on retirement of any accrued retirement benefits to which
>such employees may be entitled.
>
>Currently, we are limited to 10%/year "cashability" option. Several states
>allow their employees the option of rolling over their entire fund into
>other investments without tax penalties.  The Faculty Senate supports
>these bills, but we need you to contact your senators and representatives
>to get the bill out of the Finance, Ways, and Means Committee in both
>houses. You can contact your congress members by calling 1-800-449-8366.
>You will need their extension numbers and they can be obtained from
>http://www.legislature.state.tn.us/House/Members/Members.htm  and
>http://www.legislature.state.tn.us/senate/members/Members.htm
>
>You can also get their e-mail addresses from the same web site.
>
>Douglas Henry is the chair of the Senate Finance, Ways, and Means
>Committee and Randy MeNally is the vice-chair.
>
>Matt Kisber is the chair of the House Finance, Ways, and Means Committee
>and Tommy Head is the vice chair.  Tommy's sister coaches basketball for
>us.
>
>Time is short so give us a hand if you want "cashability" to be one of
>your retirement option.
>
>Thanks,
>
>Chuck Thompson
>