HB1908 - Tennessee: Courts, General Sessions, Courts, Juvenile, Pensions And Retirement Benefits

Companion Bill SB1073. Pensions and Retirement Benefits - Revises retirement provisions for general sessions and juvenile court judges, from Group 1 to Group 4 level; creates revenue neutral funding mechanism for state and counties. - Amends TCA Title 8 and Title 16, Chapter 15. Fiscal Summary for HB1908 / *SB1073Increase Local Govt. Expenditures - $2,203,000 Annual Amortized Cost* Increase Local Govt. Revenues - Exceeds $1,000,000/Permissive Bill Summary for HB1908 / *SB1073 Under present law governing TCRS, Groups 1, 3, and 4 state judges are allowed to remain in service and participate in the retirement system after reaching 70 years of age. A member who has one year of current membership service may make a back payment or redeposit and may receive credit in the group in which they are currently classified. Any member in Group 4 may establish [...]

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