Pensions And Retirement Benefits

State (Tennessee)
Tennessee 109th General Assembly

As introduced, allows retired employee, police officer, or firefighter of a political subdivision to accept employment with a political subdivision or the state without loss or suspension of retirement benefits; provided, however, such person is not eligible to accrue additional retirement benefits as a result of the employment. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 49 and Title 56. [SB-1268] [Labor, Jobs, Employment ] [Pensions ] [Retirement ] [Law Enforcement ] [Public Safety ]
As introduced, allows retired employee, police officer, or firefighter of a political subdivision to accept employment with a political subdivision or the state without loss or suspension of retirement benefits; provided, however, such person is not eligible to accrue additional retirement benefits as a result of the employment. - Amends TCA Title 3; Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12; Title 49 and Title 56.

  

Sponsored by: Sen. Ken Yager Passed On Second Consideration, Refer To Senate State And Local Government Committee on 02/18/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, lengthens time from 45 days to 60 days that the retirement division must hear from a duly qualified administrator or executor of an estate before releasing payment to the executor of any will of the deceased. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. [SB-1208] [Retirement ] [Pensions ]
As introduced, lengthens time from 45 days to 60 days that the retirement division must hear from a duly qualified administrator or executor of an estate before releasing payment to the executor of any will of the deceased. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.

  

Sponsored by: Sen. Jeff Yarbro Passed On Second Consideration, Refer To Senate Finance, Ways, And Means Committee on 02/18/2015

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State (Tennessee)
Tennessee 109th General Assembly

As enacted, enacts the "Optional Retirement Program for Employees of Public Institutions of Higher Education," which revises existing provisions governing the optional retirement program. - Amends TCA Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37. [SB-898] [Education ] [Retirement ] [Pensions ] [Labor, Jobs, Employment ]
As enacted, enacts the "Optional Retirement Program for Employees of Public Institutions of Higher Education," which revises existing provisions governing the optional retirement program. - Amends TCA Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Sen. Randy McNally Pub. Ch. 118 on 04/20/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, adds Desert Storm, Operation Enduring Freedom, and Operation Iraqi Freedom to the definition of "period of armed conflict" for purposes of determining military service credit in the Tennessee consolidated retirement system. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. [SB-722] [Military ] [Veterans ] [Retirement ]
As introduced, adds Desert Storm, Operation Enduring Freedom, and Operation Iraqi Freedom to the definition of "period of armed conflict" for purposes of determining military service credit in the Tennessee consolidated retirement system. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.

  

Sponsored by: Sen. Todd Gardenhire Assigned To General Subcommittee Of Senate Finance, Ways & Means Committee on 04/07/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, corrects a reference to the federal Uniformed Services Employment and Reemployment Rights Act in the statute governing retirement credit for military service for state employees. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12 and Title 49. [SB-715] [Veterans ] [Labor, Jobs, Employment ] [Retirement ] [Military ]
As introduced, corrects a reference to the federal Uniformed Services Employment and Reemployment Rights Act in the statute governing retirement credit for military service for state employees. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12 and Title 49.

  

Sponsored by: Sen. Rusty Crowe Assigned To General Subcommittee Of Senate State & Local Government on 04/07/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, clarifies that credit for previous service only applies to service provided to the employer or its predecessor and not service in any other capacity. - Amends TCA Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37. [SB-609] [Pensions ] [Retirement ] [Labor, Jobs, Employment ]
As introduced, clarifies that credit for previous service only applies to service provided to the employer or its predecessor and not service in any other capacity. - Amends TCA Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Sen. Steven Reid Dickerson Passed On Second Consideration, Refer To Senate State And Local Government Committee on 02/12/2015

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State (Tennessee)
Tennessee 109th General Assembly

As enacted, requires counties and cities, other than TCRS participants, to recognize a qualified domestic relations order that directs the county or city to allocate a portion of the member's pension or retirement benefits to the member's former spouse as part of a marital property settlement. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Section 26-2-105. [SB-153] [Family-Related Legislation ] [Pensions ] [Retirement ]
As enacted, requires counties and cities, other than TCRS participants, to recognize a qualified domestic relations order that directs the county or city to allocate a portion of the member's pension or retirement benefits to the member's former spouse as part of a marital property settlement. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Section 26-2-105.

  

Sponsored by: Sen. Doug Overbey Pub. Ch. 440 on 05/26/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, requires each local board of education to submit an annual report on the submission of the funds to the appropriate retirement system by November 1 to TCRS, the department of education, the state board of education, and the education committees of the senate and the house. - Amends TCA Title 8, Chapter 35 and Title 49. [SB-143] [Education ] [Retirement ]
As introduced, requires each local board of education to submit an annual report on the submission of the funds to the appropriate retirement system by November 1 to TCRS, the department of education, the state board of education, and the education committees of the senate and the house. - Amends TCA Title 8, Chapter 35 and Title 49.

  

Sponsored by: Sen. Reginald Tate Passed On Second Consideration, Refer To Senate Education Committee on 02/11/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, includes commissioned park rangers within the mandatory retirement age category for purposes of the Tennessee consolidated retirement system; allows them eligibility for the supplemental bridge retirement benefit afforded to other commissioned law enforcement employees. - Amends TCA Title 8, Chapter 36, Part 2. [SB-12] [Law Enforcement ] [Retirement ] [Public Safety ] [Labor, Jobs, Employment ] [Pensions ]
As introduced, includes commissioned park rangers within the mandatory retirement age category for purposes of the Tennessee consolidated retirement system; allows them eligibility for the supplemental bridge retirement benefit afforded to other commissioned law enforcement employees. - Amends TCA Title 8, Chapter 36, Part 2.

  

Sponsored by: Sen. Ken Yager Deferred To Summer Study on 03/25/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, requires TCRS board to strive to ensure that emerging investment managers account for at least 20 percent of all outside asset investments; increases amount of maximum portfolio to be considered an emerging investment manager from $100,000,000 to $250,000,000. - Amends TCA Title 4, Chapter 3, Part 24; Title 8 and Title 9. [HB-2459] [Finance ] [Investments ] [Pensions ]
As introduced, requires TCRS board to strive to ensure that emerging investment managers account for at least 20 percent of all outside asset investments; increases amount of maximum portfolio to be considered an emerging investment manager from $100,000,000 to $250,000,000. - Amends TCA Title 4, Chapter 3, Part 24; Title 8 and Title 9.

  

Sponsored by: Rep. Karen D. Camper Taken Off Notice For Cal In S/c State Government Subcommittee Of State Government Committee on 03/23/2016

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, requires a report of the quadrennial audit of the TCRS board of trustees to be available to members of the general assembly during business hours and to be furnished upon request. - Amends TCA Title 8 and Title 49. [HB-2349] [Pensions ] [Retirement ]
As introduced, requires a report of the quadrennial audit of the TCRS board of trustees to be available to members of the general assembly during business hours and to be furnished upon request. - Amends TCA Title 8 and Title 49.

  

Sponsored by: Rep. Kent Calfee P2c, Ref. To State Government Committee--finance on 01/27/2016

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, prohibits political subdivisions from making substantial changes to retirement and pension plans for employees who are 65 years of age or older, unless those employees approve it or state or federal law mandates the change. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8 and Title 49. [HB-2273] [Pensions ] [Retirement ] [Senior Citizens ] [Labor, Jobs, Employment ]
As introduced, prohibits political subdivisions from making substantial changes to retirement and pension plans for employees who are 65 years of age or older, unless those employees approve it or state or federal law mandates the change. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8 and Title 49.

  

Sponsored by: Rep. Johnnie R. Turner P2c, Ref. To State Government Committee--finance on 01/27/2016

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, 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. [HB-2158] [Veterans ] [Retirement ] [Military ]
As introduced, 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: Rep. Karen D. Camper Taken Off Notice For Cal In S/c Finance, Ways & Means Subcommittee Of Finance, Ways & Means Committee on 04/06/2016

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State (Tennessee)
Tennessee 109th General Assembly

As enacted, revises various provisions governing TCRS including clarifying that the transfer of funds from the stabilization reserve trust account is not a maximum unfunded liability cost and revising provisions concerning TCRS investments. - Amends TCA Section 3-9-103; Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37 and Section 26-2-105. [HB-1920] [Finance ] [Budget and Spending ] [Pensions ] [Retirement ] [Investments ]
As enacted, revises various provisions governing TCRS including clarifying that the transfer of funds from the stabilization reserve trust account is not a maximum unfunded liability cost and revising provisions concerning TCRS investments. - Amends TCA Section 3-9-103; Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37 and Section 26-2-105.

  

Sponsored by: Rep. Charles M. Sargent Comp. Became Pub. Ch. 962 on 05/02/2016

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State (Tennessee)
Tennessee 109th General Assembly

As enacted, requires certain employees participating in TCRS to have a vesting percentage of 100 percent in retirement benefits upon attaining retirement age or completing certain years of service; revises other various provisions governing public employee benefits. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37. [HB-1919] [Labor, Jobs, Employment ] [Pensions ] [Retirement ]
As enacted, requires certain employees participating in TCRS to have a vesting percentage of 100 percent in retirement benefits upon attaining retirement age or completing certain years of service; revises other various provisions governing public employee benefits. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

  

Sponsored by: Rep. Charles M. Sargent Comp. Became Pub. Ch. 605 on 03/31/2016

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, permits certain state employees that have creditable service in the optional retirement program and are currently enrolled in the TCRS, to transfer creditable service from the optional retirement program on a one-time basis. - Amends TCA Title 8. [HB-1902] [Labor, Jobs, Employment ] [Pensions ] [Retirement ]
As introduced, permits certain state employees that have creditable service in the optional retirement program and are currently enrolled in the TCRS, to transfer creditable service from the optional retirement program on a one-time basis. - Amends TCA Title 8.

  

Sponsored by: Rep. John Mark Windle Taken Off Notice For Cal In S/c State Government Subcommittee Of State Government Committee on 03/16/2016

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State (Tennessee)
Tennessee 109th General Assembly

As enacted, authorizes all public pension and retirement plans, including those of utility districts and other local governmental entities, to recognize a qualified domestic relations order that directs the entity to allocate a portion of a member's benefits to the member's former spouse. - Amends TCA Section 26-2-105. [HB-1870] [Family-Related Legislation ] [Pensions ] [Retirement ]
As enacted, authorizes all public pension and retirement plans, including those of utility districts and other local governmental entities, to recognize a qualified domestic relations order that directs the entity to allocate a portion of a member's benefits to the member's former spouse. - Amends TCA Section 26-2-105.

  

Sponsored by: Rep. Andrew E. Farmer Comp. Became Pub. Ch. 931 on 05/02/2016

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, requires forfeiture of retirement benefits of teachers who become members of TCRS or other public pension systems on or after July 1, 2016, if convicted of any misdemeanor sexual offense arising out of the teacher's employment or official capacity. - Amends TCA Title 8 and Title 49. [HB-1494] [Pensions ] [Education ] [Crime ] [Retirement ] [Children and Youth ] [Law Enforcement ]
As introduced, requires forfeiture of retirement benefits of teachers who become members of TCRS or other public pension systems on or after July 1, 2016, if convicted of any misdemeanor sexual offense arising out of the teacher's employment or official capacity. - Amends TCA Title 8 and Title 49.

  

Sponsored by: Rep. William G. Lamberth Comp. Sb Subst. on 03/31/2016

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, lengthens time from 45 days to 60 days that the retirement division must hear from a duly qualified administrator or executor of an estate before releasing payment to the executor of any will of the deceased. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. [HB-1325] [Retirement ] [Pensions ]
As introduced, lengthens time from 45 days to 60 days that the retirement division must hear from a duly qualified administrator or executor of an estate before releasing payment to the executor of any will of the deceased. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.

  

Sponsored by: Rep. Larry J. Miller Assigned To S/c Finance, Ways & Means Subcommittee on 02/24/2015

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State (Tennessee)
Tennessee 109th General Assembly

As introduced, corrects a reference to the federal Uniformed Services Employment and Reemployment Rights Act in the statute governing retirement credit for military service for state employees. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12 and Title 49. [HB-1201] [Veterans ] [Labor, Jobs, Employment ] [Military ] [Retirement ]
As introduced, corrects a reference to the federal Uniformed Services Employment and Reemployment Rights Act in the statute governing retirement credit for military service for state employees. - Amends TCA Title 4; Title 5; Title 6; Title 7; Title 8; Title 9; Title 12 and Title 49.

  

Sponsored by: Sen. Raumesh A. Akbari Sponsor(s) Added. on 02/25/2015

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