SB3277 - Tennessee: Pensions And Retirement Benefits, Public Employees

Companion Bill HB3362. Pensions and Retirement Benefits - Requires the treasurer to report to the members of the council on pensions and insurance any holdings of the Tennessee consolidated retirement system in securities issued by companies that have substantial current operations in nations determined by the United States Department of State to be state-sponsors of terrorism. - Amends TCA Section 8-37-104. Fiscal Summary for *SB3277 / HB3362Increase State Expenditures - Not Significant Bill Summary for *SB3277 / HB3362 This bill requires the state treasurer to develop a policy for divestiture of Tennessee consolidated retirement system (TCRS) ownership of investments in companies that have substantial current operations in nations determined to be state-sponsors of terrorism when such operations are contrary to U.S. foreign policy interests.[...]

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