SB0397 - Tennessee: Military, Pensions And Retirement Benefits

Companion Bill HB0125. Pensions and Retirement Benefits - Expands TCRS credit for military service by allowing credit for service creditable in another retirement system. - Amends TCA Title 8, Chapter 34, Part 6. Fiscal Summary for SB0397 / *HB0125Increase State Expenditures - $3,223,500 Annual Amortized Cost Bill Summary for SB0397 / *HB0125 Under present law, any member who left the employ of an employer participating in the Tennessee consolidated retirement system in order to perform military service in the armed forces of the United States, and who is reemployed by such employer within six months of honorable discharge from such service, has the option of establishing retirement credit for the military service under certain conditions, one being that the member must not be able to establish the military service in any other retirement [...]

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