SB0176 - Tennessee: Pensions And Retirement Benefits

Companion Bill HB0137. Pensions and Retirement Benefits - Increases supplemental "bridge" benefits for certain persons subject to mandatory retirement based on age. - Amends TCA Section 8-36-205 and Section 8-36-21. Fiscal Summary for SB0176 / *HB0137Increase State Expenditures - $667,000 Annual Amortized Cost Increase Local Govt. Expenditures*: $222,000 Annual Amortized Cost Exceeds $4,000,000 Annual Amortized Cost/Permissive Bill Summary for SB0176 / *HB0137 Under present law, the following members of the Tennessee consolidated retirement system (TCRS) are subject to a mandatory retirement age requirement: firefighters or police officers with a political subdivision participating in TCRS, state police officers, wildlife officers, and commissioned members of the alcoholic beverage commission engaged in daily law enforcement [...]

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