SB3813 - Tennessee: Local Government, General, Pensions And Retirement Benefits

Companion Bill HB3994. Pensions and Retirement Benefits - Authorizes certain local government employees to receive other retirement benefits such as life, dental, and vision insurance; bonds may be issued to fund such additional benefits. - Amends TCA Title 9, Chapter 21. Fiscal Summary for *SB3813 / HB3994 Increase Local Expenditures - Exceeds $1,000,000/Permissive Bill Summary for *SB3813 / HB3994 This bill allows a local government to issue revenue bonds for "certain unfunded other post-employment benefits" if such bonds are approved by the state funding board after receiving a recommendation by the state director of local finance. "Certain unfunded other post-employment benefits" means non-pension benefits paid on behalf of former employees or the former employee's beneficiaries after separation from service. The benefits include, but are not [...]

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