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Companion Bill SB0332. Pensions and Retirement Benefits - Specifies service retirement requirements for Group 1 members age 55 and older with 25 years creditable service; revises supplemental bridge benefit provisions; authorizes deferral of effective date of mandatory retirement requirement adopted by local government in certain circumstances. - Amends TCA Section 8-36-201(a) and 8-36-211. Fiscal Summary for HB0464 / *SB0332Increase 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 HB0464 / *SB0332 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 [...]

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Latest Actions
  • 06/27/2007 - Public Chapter 488
  • 06/27/2007 - Effective date(s) 07/01/07
  • 06/21/2007 - Signed by Governor.
  • 06/13/2007 - Transmitted to Governor for his action.
  • 06/12/2007 - Signed by Senate Speaker

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Bill Text
File name Last Updated
HB0464 Bill Text PDF10/27/2007
Amendment 1-0 to HB046410/27/2007

Fiscal Notes
File name Last Updated
SB0332 Fiscal Notes PDF10/27/2007
Fiscal Memo - Amendment 1-0 to SB033210/27/2007