SB3372 - Tennessee: Pensions And Retirement Benefits, Public Employees, State Employees

Companion Bill HB3373. Pensions and Retirement Benefits - Allows, under certain circumstances, a retired member of the consolidated retirement system to return to service in a year-round position while continuing to collect his or her retirement allowance. - Amends TCA Title 8, Chapter 36, Part 8. Fiscal Summary for *SB3372 / HB3373Increase State Expenditures - $10,350,400/Annual Amortized Cost Increase Local Expenditures* - $2,859,200/Annual Amortized Cost Increase Federal/Other Expenditures - $2,020,500/Annual Amortized Cost Bill Summary for *SB3372 / HB3373 Under present law, any retired member or prior class member of the Tennessee consolidated retirement system (TCRS) and any retiree of a local retirement fund receiving TCRS benefits may return to service temporarily in a position covered by the TCRS and continue to draw such person's [...]

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