SB3245 - Tennessee: Pensions And Retirement Benefits, Treasurer, State

Companion Bill HB3813. Pensions and Retirement Benefits - Allows TCRS members to designate more than one person as beneficiary under certain circumstances. - Amends TCA Title 8, Chapter 36. Fiscal Summary for *SB3245 / HB3813 MINIMAL Bill Summary for *SB3245 / HB3813 ON MAY 1, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 3245, AS AMENDED. AMENDMENT #1 rewrites this bill. Present law requires a TCRS member to designate, upon retirement, only one person as beneficiary. This amendment adds that notwithstanding this requirement, members may, upon retirement and on or after the date determined pursuant to this amendment, name more than one person as beneficiary under one of the following options (which are the options that apply under present law for members who elect to convert the retirement allowance otherwise [...]

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