HB0257 - Tennessee - Pensions And Retirement Benefits, Police

Companion Bill SB1867. Pensions and Retirement Benefits - Grants eligibility for retirement under state system to any police officer upon attainment of 55 years of age or upon completion of 25 years of service. - Amends TCA Title 8, Chapter 36, Part 2. Fiscal Summary for *HB0257 / SB1867Increase Local Govt. Expenditures - Exceeds $15,000,000/Permissive Bill Summary for *HB0257 / SB1867 Under present law, any state police officer who became a member of the state retirement system prior to April 1, 1974, is classified as a Group 2 member. Group 2 members are eligible for service retirement: (1) At age 60; OR (2) At age 55 and completion of 25 years of creditable service. Any person, including any police officer, who became a member of the state retirement system after June 30, 1976, is classified as a Group [...]

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