HB0442 - Tennessee - Pensions And Retirement Benefits, Treasurer, State

Companion Bill SB0830. Pensions and Retirement Benefits - Requires treasurer to study certain TCRS mandatory retirement provisions; adds new Group 1 service retirement provision of age 55 with 25 years of creditable service for public safety officers; extends supplemental bridge benefit under certain circumstances. - Amends TCA Title 3, Chapter 9, Part 1 and Title 8. Fiscal Summary for *HB0442 / SB0830Increase State Expenditures - $1,118,000 Annual Amortized Cost Increase Local Govt. Expenditures - Exceeds $5,000,000/Permissive Other Fiscal Impact - Increase Federal/Other Expenditures: $373,000 Annual Amortized Cost Bill Summary for *HB0442 / SB0830 Under present law, any member in Group 1 of the TCRS is eligible for service retirement upon attainment of 60 years of age or upon completion of 30 years of creditable [...]

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