Pensions And Retirement Benefits

State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Section 8-27-205, relative to health benefits for retirees. [HB-2595] [Healthcare ] [Retirement ] [Insurance ] [Budget and Spending ] [Public Safety ] [Law Enforcement ]
As introduced, requires that retired wildlife officers with 25 years of service receive 80 percent of the scheduled premium or defined contribution for the health insurance benefits provided by the state. - Amends TCA Section 8-27-205.

  

Sponsored by: Rep. Gary Hicks Assigned To S/c Public Service Subcommittee on 02/08/2022

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State (Tennessee)
Tennessee 112th 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. [HB-2502] [Labor, Jobs, Employment ] [Pensions ] [Retirement ]
As introduced, authorizes a member of the Tennessee consolidated retirement system to purchase, instead of obtain, retirement credit for all of the member's previous service rendered while a full-time employee and participating member of a political subdivision's defined benefit retirement plan; authorizes the member to use funds from any source to purchase such retirement credit; makes other related revisions. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Rep. John Mark Windle Assigned To S/c Public Service Subcommittee on 02/07/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 9 and Title 50, relative to retirement. [SB-2390] [Retirement ]
As introduced, authorizes the board of trustees for the Tennessee consolidated retirement system to electronically provide to its members the annual report showing the fiscal transactions of the retirement system. - Amends TCA Title 4; Title 8; Title 9 and Title 50.

  

Sponsored by: Sen. Bo Watson Assigned To General Subcommittee Of Senate State And Local Government Committee on 03/15/2022

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State (Tennessee)
Tennessee 112th 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 the payment of retirement service credit. [SB-2326] [Military ] [Pensions ] [Retirement ] [Veterans ]
As enacted, establishes a reserve account in the retirement system for the payment of state liabilities, and the interest that would have been earned thereon, resulting from military service credit established pursuant to existing law provisions. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Sen. Ferrell Haile Effective Date(s) 05/23/2022 on 05/25/2022

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State (Tennessee)
Tennessee 112th 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. [HB-2450] [Labor, Jobs, Employment ] [Pensions ] [Retirement ]
As enacted, authorizes a member of the Tennessee consolidated retirement system to purchase, instead of obtain, retirement credit for all of the member's previous service rendered while a full-time employee and participating member of a political subdivision's defined benefit retirement plan; authorizes the member to use funds from any source to purchase such retirement credit; makes other related revisions. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Rep. Terri Lynn Weaver Comp. Became Pub. Ch. 797 on 04/13/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 9 and Title 50, relative to retirement. [HB-2470] [Retirement ]
As introduced, authorizes the board of trustees for the Tennessee consolidated retirement system to electronically provide to its members the annual report showing the fiscal transactions of the retirement system. - Amends TCA Title 4; Title 8; Title 9 and Title 50.

  

Sponsored by: Rep. Charlie Baum Failed In S/c Banking & Consumer Affairs Subcommittee Of Commerce Committee on 03/09/2022

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State (Tennessee)
Tennessee 112th 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 the payment of retirement service credit. [HB-2382] [Military ] [Pensions ] [Retirement ] [Veterans ]
As enacted, establishes a reserve account in the retirement system for the payment of state liabilities, and the interest that would have been earned thereon, resulting from military service credit established pursuant to existing law provisions. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Rep. Clark Boyd Comp. Became Pub. Ch. 1045 on 05/25/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34, Part 3, relative to administration of the retirement system. [HB-2273] [Pensions ] [Retirement ]
As enacted, allows the retirement system to procure goods and services for a pension administration system that may replace the system currently in existence, subject to appropriation made in the general appropriations act. - Amends TCA Title 8, Chapter 34, Part 3.

  

Sponsored by: Rep. Ryan Williams Comp. Became Pub. Ch. 780 on 04/13/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7; Title 8, Chapter 27 and Chapter 518 of the Public Acts of 2021, relative to health benefits for retired members of the Tennessee highway patrol. [HB-2227] [Healthcare ] [Insurance ] [Retirement ] [Public Safety ] [Law Enforcement ] [Budget and Spending ] [Pensions ]
As introduced, makes the authorization for the state insurance committee to provide 80 percent of the scheduled premium or defined contribution for health insurance benefits to Tennessee highway patrol retirees with at least 25 years of service applicable to individuals retiring on or after January 1, 2020. - Amends TCA Title 4, Chapter 7; Title 8, Chapter 27 and Chapter 518 of the Public Acts of 2021.

  

Sponsored by: Rep. John Mark Windle Taken Off Notice For Cal In S/c Public Service Subcommittee Of State Government Committee on 03/09/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34, Part 3, relative to administration of the retirement system. [SB-2152] [Pensions ] [Retirement ]
As enacted, allows the retirement system to procure goods and services for a pension administration system that may replace the system currently in existence, subject to appropriation made in the general appropriations act. - Amends TCA Title 8, Chapter 34, Part 3.

  

Sponsored by: Sen. Joseph Hensley Effective Date(s) 04/08/2022 on 04/13/2022

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State (Tennessee)
Tennessee 112th 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 early service retirement. [HB-2107] [Labor, Jobs, Employment ] [Insurance ] [Retirement ] [Pensions ] [Healthcare ] [Law Enforcement ] [Public Safety ]
As introduced, removes the requirement that the actuarial equivalent be paid to certain emergency medical services personnel, police officers, and firefighters who are eligible for early service retirement at 25 years of creditable service; requires that such persons who retire on or after January 1, 2023, be paid a full, unreduced retirement allowance and receive insurance coverage otherwise provided to members who are 100 percent vested in the service retirement benefit; requires such persons to also receive a supplemental bridge benefit. - Amends (continued...)

  

Sponsored by: Rep. Debra Moody P2c, Ref. To State Government Committee on 02/02/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Section 8-34-605, relative to military service credit in the Tennessee consolidated retirement system. [SB-2057] [Veterans ] [Retirement ] [Military ]
As enacted, allows TCRS members who served in the armed forces during certain periods of armed conflict to establish retirement credit for the military service under certain conditions. - Amends TCA Section 8-34-605.

  

Sponsored by: Sen. Rusty Crowe Comp. Became Pub. Ch. 1057 on 06/01/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36, relative to retirement for law enforcement officers. [HB-2075] [Law Enforcement ] [Retirement ] [Pensions ] [Labor, Jobs, Employment ]
As introduced, for purposes of computing the number of years of creditable service in the Tennessee consolidated retirement system, requires that a member who is employed as a law enforcement officer receive an additional, automatic credit of one year of service for every four years of creditable service the member has earned. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.

  

Sponsored by: Rep. Clay Doggett P2c, Ref. To State Government Committee on 01/31/2022

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State (Tennessee)
Tennessee 112th 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 change of beneficiary after retirement. [SB-2005] [Retirement ] [Pensions ]
As enacted, authorizes a retired TCRS member to cancel the member's designated beneficiary for any reason one time, and to name a new beneficiary. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Sen. Mike Bell Comp. Became Pub. Ch. 831 on 04/25/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37 and Title 49, relative to reemployment after retirement. [HB-2053] [Education ] [Retirement ] [Labor, Jobs, Employment ] [Pensions ]
As introduced, expands the list of retired members of TCRS who may work more than 120 days while continuing to draw retirement allowance to include teachers and school bus drivers if a director of schools certifies that no other certified person is qualified and available for the position. - Amends TCA Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37 and Title 49.

  

Sponsored by: Rep. John B. Holsclaw P2c, Ref. To State Government Committee on 02/02/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 3, Chapter 9 and Title 8, Chapter 27, relative to the council on pensions. [SB-1991] [Pensions ] [Insurance ]
As enacted, deletes references to insurance related to the former council on pensions and insurance. - Amends TCA Title 3, Chapter 9 and Title 8, Chapter 27.

  

Sponsored by: Sen. Paul E. Bailey Effective Date(s) 04/08/2022 on 04/13/2022

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State (Tennessee)
Tennessee 112th 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 early service retirement. [SB-1987] [Labor, Jobs, Employment ] [Insurance ] [Pensions ] [Retirement ] [Healthcare ] [Law Enforcement ] [Public Safety ]
As introduced, removes the requirement that the actuarial equivalent be paid to certain emergency medical services personnel, police officers, and firefighters who are eligible for early service retirement at 25 years of creditable service; requires that such persons who retire on or after January 1, 2023, be paid a full, unreduced retirement allowance and receive insurance coverage otherwise provided to members who are 100 percent vested in the service retirement benefit; requires such persons to also receive a supplemental bridge benefit. - Amends (continued...)

  

Sponsored by: Sen. Mark Pody Sponsor(s) Added. on 02/24/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 36, relative to mandatory retirement. [HB-1991] [Retirement ] [Law Enforcement ] [Public Safety ] [Energy ] [Environmental ]
As introduced, extends mandatory retirement provision imposed on certain public safety officers to commissioned special agents of the department of revenue and commissioned members of the department of environment and conservation; requires such persons to also receive, in addition to the retirement service allowance, a supplemental bridge allowance. - Amends TCA Title 8, Chapter 36.

  

Sponsored by: Rep. Paul Sherrell Taken Off Notice For Cal In S/c Public Service Subcommittee Of State Government Committee on 03/09/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 36, relative to mandatory retirement. [SB-1914] [Retirement ] [Law Enforcement ] [Public Safety ] [Labor, Jobs, Employment ] [Energy ] [Environmental ]
As introduced, extends mandatory retirement provision imposed on certain public safety officers to commissioned special agents of the department of revenue and commissioned members of the department of environment and conservation; requires such persons to also receive, in addition to the retirement service allowance, a supplemental bridge allowance. - Amends TCA Title 8, Chapter 36.

  

Sponsored by: Sen. Ken Yager Assigned To General Subcommittee Of Senate State And Local Government Committee on 03/08/2022

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State (Tennessee)
Tennessee 112th General Assembly

AN ACT to amend Tennessee Code Annotated, Title 3, Chapter 9 and Title 8, Chapter 27, relative to the council on pensions. [HB-1961] [Pensions ] [Insurance ]
As enacted, deletes references to insurance related to the former council on pensions and insurance. - Amends TCA Title 3, Chapter 9 and Title 8, Chapter 27.

  

Sponsored by: Rep. Patsy Hazlewood Comp. Became Pub. Ch. 776 on 04/13/2022

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