Pensions And Retirement Benefits
Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8 and Title 49, relative to school safety. [HB-2387]
[Education ]
[Law Enforcement ]
[Public Safety ]
[Retirement ]
[Children and Youth ]
As introduced, allows a retired member of the Tennessee consolidated retirement system or of a local retirement fund to be reemployed as a full-time school resource officer at a public school in this state serving students in any of the grades kindergarten through 12, or as a full-time police officer on the campus of an institution governed by the Tennessee board of regents, without loss or suspension of the retired member's retirement benefits, if certain conditions are met. - Amends TCA Title 8 and Title 49.
Sponsored by: Rep. Monty Fritts
Taken Off Notice For Cal In S/c Public Service Subcommittee Of State Government Committee on 03/12/2024
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AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36, relative to deferred compensation. [HB-2315]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
As enacted, for purposes of the retirement system determining whether a certain payment is includable as earnable compensation, excludes from the definition of "earnable compensation" compensation paid to a member from an eligible deferred compensation plan under federal law; makes other revisions to laws governing deferred compensation plans. - Amends TCA Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.
Sponsored by: Rep. Ryan Williams
Comp. Became Pub. Ch. 605 on 04/03/2024
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Section 8-35-226, relative to retirement. [SB-1995]
[Retirement ]
As enacted, under certain conditions, authorizes a member of the Tennessee consolidated retirement system who has been elected or appointed as a member of a city or county board on or after January 1, 2012, and who simultaneously holds that position and another position with a different employer as a retirement system member, to continue service in the elected or appointed board member position while receiving a retirement allowance. - Amends TCA Section 8-35-226.
Sponsored by: Sen. Page Walley
Comp. Became Pub. Ch. 544 on 03/19/2024
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 39; Title 9 and Title 50, relative to retirement. [SB-1815]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
As introduced, requires the annual report of the board of trustees showing the fiscal transactions of the retirement system for the preceding year, the amount of the accumulated cash and securities of the retirement system, and the latest balance sheet showing the financial condition of the retirement system by means of an actuarial valuation of the assets and liabilities of the retirement system to be published within 60 days after the end of each fiscal year. - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title
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Sponsored by: Sen. Sara Kyle
Passed On Second Consideration, Refer To Senate State And Local Government Committee on 01/25/2024
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8 and Title 49, relative to kindergarten through grade twelve (K-12) education. [HB-1851]
[Education ]
[Labor, Jobs, Employment ]
[Retirement ]
As introduced, adds K-12 school bus drivers and cafeteria workers to the list of retired members of the Tennessee consolidated retirement system who may work more than 120 days each year while continuing to draw their retirement allowance. - Amends TCA Title 8 and Title 49.
Sponsored by: Rep. Ronnie L. Glynn
Taken Off Notice For Cal In S/c Public Service Subcommittee Of State Government Committee on 03/12/2024
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25 and Title 8, Chapter 35, relative to retirement. [SB-1086]
[Retirement ]
As enacted, makes various changes relative to TCRS membership. - Amends TCA Title 8, Chapter 25 and Title 8, Chapter 35.
Sponsored by: Sen. Page Walley
Effective Date(s) 05/17/2023 on 05/24/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25 and Title 8, Chapter 35, relative to retirement. [HB-1036]
[Retirement ]
As enacted, makes various changes relative to TCRS membership. - Amends TCA Title 8, Chapter 25 and Title 8, Chapter 35.
Sponsored by: Rep. Johnny W. Shaw
Comp. Became Pub. Ch. 476 on 05/24/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to funding retirement benefit improvements. [SB-990]
[Pensions ]
[Retirement ]
[Budget and Spending ]
[Funding ]
[Labor, Jobs, Employment ]
As enacted, revises the methods by which a local government employer wishing to participate in TCRS must pay the estimated increased pension liability created by a benefit improvement; requires the state to pay the estimated increased pension liability resulting from a benefit improvement affecting general employees or employees at institutions of higher education participating in the retirement system by amortizing the unfunded accrued liability over a period of time not to exceed 10 years from the date that the benefit improvement is established.
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Sponsored by: Sen. Ken Yager
Effective Date(s) 07/01/2023 on 04/18/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement benefits. [HB-1135]
[Retirement ]
[Pensions ]
As enacted, makes revisions to present law relative to retirement benefits of certain members of the general assembly and their beneficiaries. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.
Sponsored by: Rep. Karen D. Camper
Effective Date(s) 05/11/2023 on 05/24/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8 and Title 49, relative to K-12 education. [HB-975]
[Education ]
[Pensions ]
[Retirement ]
As enacted, restores the requirement that a retired member's new employer pay to TCRS during each period of reemployment the greater of a payment equal to the amount the employer would have contributed to the retirement system had the retired member been a member of the retirement system during the period of reemployment; or an amount equal to 5 percent of the retired member's pay rate for reemployment in a position covered by the retirement system without the loss or suspension of the retired member's TCRS benefits. - Amends TCA Title 8 and Title
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Sponsored by: Rep. Karen D. Camper
Comp. Became Pub. Ch. 425 on 05/24/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to funding retirement benefit improvements. [HB-884]
[Pensions ]
[Retirement ]
[Budget and Spending ]
[Funding ]
[Labor, Jobs, Employment ]
As enacted, revises the methods by which a local government employer wishing to participate in TCRS must pay the estimated increased pension liability created by a benefit improvement; requires the state to pay the estimated increased pension liability resulting from a benefit improvement affecting general employees or employees at institutions of higher education participating in the retirement system by amortizing the unfunded accrued liability over a period of time not to exceed 10 years from the date that the benefit improvement is established.
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Sponsored by: Rep. Jerome Moon
Comp. Became Pub. Ch. 132 on 04/18/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 36, Part 8, relative to retirement. [SB-846]
[Retirement ]
[Labor, Jobs, Employment ]
[Technology and Innovation ]
As introduced, for purposes of a retired member of the Tennessee consolidated retirement system (TCRS), or a retiree of a local retirement fund, returning to work temporarily, authorizes the submission in an electronic format by the head of the employing entity, or the head's designee, certification to the retirement division of the member's name, period to be employed, number of days to be worked, compensation to be paid, and anticipated termination date, and a statement showing working hours and compensation for the retiree. - Amends TCA Title
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Sponsored by: Sen. J. Adam Lowe
Action Deferred In Senate State And Local Government Committee To 1/23/2024 on 03/29/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 36, Part 8, relative to retirement. [HB-917]
[Retirement ]
[Labor, Jobs, Employment ]
[Technology and Innovation ]
As introduced, for purposes of a retired member of the Tennessee consolidated retirement system (TCRS), or a retiree of a local retirement fund, returning to work temporarily, authorizes the submission in an electronic format by the head of the employing entity, or the head's designee, certification to the retirement division of the member's name, period to be employed, number of days to be worked, compensation to be paid, and anticipated termination date, and a statement showing working hours and compensation for the retiree. - Amends TCA Title
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Sponsored by: Rep. Iris Rudder
P2c, Caption Bill, Held On Desk - Pending Amdt. on 02/02/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, relative to creditable service in the Tennessee consolidated retirement system. [SB-593]
[Veterans ]
[Military ]
[Retirement ]
As introduced, allows TCRS members to establish retirement credit for military service in active federal duty in the armed forces of the United States under certain circumstances. - Amends TCA Title 8.
Sponsored by: Sen. Mark Pody
Passed On Second Consideration, Refer To Senate State And Local Government Committee on 01/30/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, relative to creditable service in the Tennessee consolidated retirement system. [HB-531]
[Veterans ]
[Military ]
[Retirement ]
As introduced, allows TCRS members to establish retirement credit for military service in active federal duty in the armed forces of the United States under certain circumstances. - Amends TCA Title 8.
Sponsored by: Rep. Paul Sherrell
P2c, Ref. To State Government Committee on 02/01/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement benefits. [SB-436]
[Retirement ]
[Pensions ]
As enacted, makes revisions to present law relative to retirement benefits of certain members of the general assembly and their beneficiaries. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.
Sponsored by: Rep. Frank S. Niceley
Comp. Became Pub. Ch. 407 on 05/24/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8 and Title 49, relative to K-12 education. [SB-414]
[Education ]
[Pensions ]
[Labor, Jobs, Employment ]
As enacted, restores the requirement that a retired member's new employer pay to TCRS during each period of reemployment the greater of a payment equal to the amount the employer would have contributed to the retirement system had the retired member been a member of the retirement system during the period of reemployment; or an amount equal to 5 percent of the retired member's pay rate for reemployment in a position covered by the retirement system without the loss or suspension of the retired member's TCRS benefits. - Amends TCA Title 8 and Title
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Sponsored by: Sen. Janince Bowling
Effective Date(s) 05/11/2023 on 05/24/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Section 8-25-213, relative to the optional retirement program. [SB-235]
[Retirement ]
[Education ]
As enacted, allows a person returning to service on other than a full-time basis in a position covered by the optional retirement program for higher education institutions to take or continue taking distributions from the optional retirement program during the period of reemployment under certain conditions. - Amends TCA Section 8-25-213.
Sponsored by: Sen. Page Walley
Comp. Became Pub. Ch. 135 on 04/18/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25, relative to retirement. [SB-157]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
As introduced, increases from $50 to $100 the maximum amount that the state will match to an employee's optional retirement plan; deletes an obsolete provision related to the state match for an employee's optional retirement plan. - Amends TCA Title 8, Chapter 25.
Sponsored by: Sen. Richard M. Briggs
Assigned To General Subcommittee Of Senate State & Local Government Committee on 02/14/2023
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Tennessee 113th General Assembly
AN ACT to amend Tennessee Code Annotated, Section 8-25-213, relative to the optional retirement program. [HB-174]
[Retirement ]
[Education ]
As enacted, allows a person returning to service on other than a full-time basis in a position covered by the optional retirement program for higher education institutions to take or continue taking distributions from the optional retirement program during the period of reemployment under certain conditions. - Amends TCA Section 8-25-213.
Sponsored by: Rep. Rebecca Kefauver Alexander
Effective Date(s) 04/06/2023 on 04/18/2023