All Pensions And Retirement Benefits Legislation - Tennessee
HJR1305
Latest Action: 05/20/2008 - Senate Joint Resolution 1075 substituted Bill Text General Assembly, Directed Studies - Urges state treasurer to study feasibility of establishing voluntary retirement plan for small businesses in Tennessee that would offer 401(k) plans and other savings vehicles. - Fiscal Summary for *HJR1305Increase State Expenditures - Not Significant Comment on Bill HB3994
Latest Action: 06/06/2008 - Companion became Public Chapter 991 Bill Text Companion Bill SB3813. 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 HB3994 / *SB3813 Increase Local Expenditures - Exceeds $1,000,000/Permissive Bill Summary for HB3994 / *SB3813 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 [...] show full description HB4008
Latest Action: 04/14/2008 - Withdrawn. Bill Text Companion Bill SB2704. Pensions and Retirement Benefits - Allows, under certain circumstances, a retired member of the consolidated retirement system to return to service in certain year-round positions while continuing to receive his or her retirement allowance. - Amends TCA Title 8, Chapter 36, Part 8. Fiscal Summary for HB4008 / *SB2704Increase State Expenditures - $4,672,400/Annual Amortized Cost Increase Local Expenditures - Exceeds $4,000,000/Permissive Increase Federal/Other Expenditures - $1,557,400/Annual Amortized Cost Bill Summary for HB4008 / *SB2704 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 [...] show full description HB4068
Latest Action: 02/13/2008 - Assigned to Subcommittee State Government of S&LG Bill Text Companion Bill SB4100. Pensions and Retirement Benefits - Authorizes certain political subdivisions to establish a mandatory retirement age for certain emergency management services personnel; allows certain EMS personnel, being 55 years of age or older and having at least 25 years of creditable service, to retire early. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. Fiscal Summary for *HB4068 / SB4100 Increase Local Govt. Expenditures - Exceeds $3,200,000/ Annual Amortized Cost/Permissive Bill Summary for *HB4068 / SB4100 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities [...] show full description HB4132
Latest Action: 02/27/2008 - Taken Off Notice For Calendar in Subcommittee Special Initiatives of Education of Education Committee Bill Text Companion Bill SB3694. Pensions and Retirement Benefits - Increases state portion of insurance premiums for active and retired teachers. - Amends TCA Title 8, Chapter 27. Fiscal Summary for HB4132 / *SB3694Increase State Expenditures - Exceeds $20,000,000 Increase Local Expenditures* - Exceeds $2,000,000 Bill Summary for HB4132 / *SB3694 Present law authorizes the department of education to pay insurance benefits for eligible teachers and their dependents. The amount of the benefits is determined each year under the General Appropriations Act. Also, the state insurance committee is authorized to contribute to the cost of supplemental medical insurance for retirees not eligible for Medicare. The contribution level of participating retirees is based on years of service, as follows: (1) 30 or more years of service: the committee establishes [...] show full description SB4029
Latest Action: 02/04/2008 - Passed second consideration, Referred to Senate Finance, Ways and Means Comm. Bill Text Pensions and Retirement Benefits - Authorizes designation of multiple beneficiaries upon retirement and removes requirement that TCRS member employee must select single beneficiary. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37. Fiscal Summary for *SB4029 / HB3966MINIMAL SB4100
Latest Action: 02/04/2008 - Passed second consideration, Referred to Senate S&L Govt. Comm. Bill Text Companion Bill HB4068. Pensions and Retirement Benefits - Authorizes certain political subdivisions to establish a mandatory retirement age for certain emergency management services personnel; allows certain EMS personnel, being 55 years of age or older and having at least 25 years of creditable service, to retire early. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. Fiscal Summary for SB4100 / *HB4068 Increase Local Govt. Expenditures - Exceeds $3,200,000/ Annual Amortized Cost/Permissive Bill Summary for SB4100 / *HB4068 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities [...] show full description HB4046
Latest Action: 04/23/2008 - Taken Off Notice For Calendar in Subcommittee Budget of Finance, Ways and Means of Finance, Ways & Means Committee Bill Text Companion Bill SB3737. Public Funds and Financing - Requires divestment and prohibits investment in countries practicing apartheid or genocide; requires divestment and prohibits investment in companies doing business with countries practicing apartheid or genocide; prohibits state contracts with companies doing business with countries practicing apartheid or genocide. - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5; Title 9, Chapter 4 and Title 12, Chapter 4. Fiscal Summary for HB4046 / *SB3737Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill [...] show full description HB3966
Latest Action: 02/20/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Pensions and Retirement Benefits - Authorizes designation of multiple beneficiaries upon retirement and removes requirement that TCRS member employee must select single beneficiary. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37. Fiscal Summary for HB3966 / *SB4029MINIMAL HB3813
Latest Action: 06/06/2008 - Companion became Public Chapter 1017 Bill Text Companion Bill SB3245. 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 HB3813 / *SB3245 MINIMAL Bill Summary for HB3813 / *SB3245 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 [...] show full description HB3815
Latest Action: 02/04/2008 - Passed second consideration, Referred to Finance Bill Text Pensions and Retirement Benefits - Revises date for legislation to be returned to the appropriate standing committee after review by the council of pensions and insurance from not longer than five weeks after final cut-off to not longer than 30 calendar days after final cut-off. - Amends TCA Title 3, Chapter 9, Part 1. Fiscal Summary for HB3815 / *SB3246MINIMAL SB3868
Latest Action: 06/11/2008 - Companion became Public Chapter 1086 Bill Text Companion Bill HB3466. Pensions and Retirement Benefits - Authorizes the Ned McWherter Center for Rural Development to become a participating employer in the Tennessee Consolidated Retirement System, subject to the approval of the center's board of directors. - Amends TCA Title 34; Title 35; Title 36 and Title 37. Fiscal Summary for SB3868 / *HB3466Increase State Expenditures - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for SB3868 / *HB3466 ON MAY 13, 2008, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 3466, AS AMENDED. AMENDMENT #1 rewrites this bill to authorize the Ned McWherter Center for Rural Development to become a participating employer in TCRS subject to the approval of the center's board of directors. HB3466
Latest Action: 06/11/2008 - Public Chapter 1086 Bill Text Companion Bill SB3868. Pensions and Retirement Benefits - Authorizes the Ned McWherter Center for Rural Development to become a participating employer in the Tennessee Consolidated Retirement System, subject to the approval of the center's board of directors. - Amends TCA Title 34; Title 35; Title 36 and Title 37. Fiscal Summary for *HB3466 / SB3868Increase State Expenditures - Not Significant Increase Local Govt. Expenditures - Not Significant Bill Summary for *HB3466 / SB3868 ON MAY 13, 2008, THE HOUSE ADOPTED AMENDMENT #1 AND PASSED HOUSE BILL 3466, AS AMENDED. AMENDMENT #1 rewrites this bill to authorize the Ned McWherter Center for Rural Development to become a participating employer in TCRS subject to the approval of the center's board of directors. HB3598
Latest Action: 01/30/2008 - Assigned to Subcommittee Budget of FW&M Bill Text Pensions and Retirement Benefits - Authorizes state higher education employee participating in an optional retirement program to elect to receive a cash withdrawal of such employee's entire accumulated account, instead of only 50 percent of such account, if permitted by the relevant optional retirement company. - Amends TCA Title 8, Chapter 35, Part 4. Fiscal Summary for HB3598 / *SB2927MINIMAL SB3842
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Pensions and Retirement Benefits - Increases from 3 percent to 4 percent maximum annual cost-of-living adjustment for retired employees. - Amends TCA Title 8, Chapter 36, Part 7. Fiscal Summary for SB3842 / *HB2498No Fiscal Summary for SB3842 / *HB2498 HB3361
Latest Action: 01/24/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB3279. Pensions and Retirement Benefits - Authorizes the chair of the TCRS board to implement an automatic deferred or tax-sheltered compensation plan. - Amends TCA Title 8, Chapter 25, Part 1. Fiscal Summary for HB3361 / *SB3279Increase State Expenditures - $868,100/General Fund $165,400/Highway Fund and Other Dedicated Funds Other Fiscal Impact - Increase Federal/Other Expenditures - $310,500 Bill Summary for HB3361 / *SB3279 This bill authorizes the chair of the consolidated retirement board, with the concurrence of the commissioner of finance and administration, to implement an automatic deferred or tax-sheltered compensation plan, subject to funding. Such plan would provide that any person who becomes a full-time state employee on or after the implementation date of the plan, including a full-time employee [...] show full description HB3362
Latest Action: 05/23/2008 - Public Chapter 934 Bill Text Companion Bill SB3277. 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 HB3362 / *SB3277Increase State Expenditures - Not Significant Bill Summary for HB3362 / *SB3277 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.[...] show full description HB3373
Latest Action: 01/24/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB3372. 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 HB3373 / *SB3372Increase 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 HB3373 / *SB3372 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 [...] show full description HB3391
Latest Action: 01/24/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB3795. Pensions and Retirement Benefits - Authorizes a deferred retirement option plan (DROP) for eligible employees under TCRS. - Amends TCA Title 8, Chapter 36, Part 8. Fiscal Summary for HB3391 / *SB3795Increase State Expenditures - $27,573,000 Annual Amortized Cost Increase Local Expenditures - $5,974,000* Annual Amortized Cost Exceeds $15,000,000/Permissive Other Fiscal Impact - Increase Federal/Other Expenditures: $6,204,000 Annual Amortized Cost Bill Summary for HB3391 / *SB3795 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 benefits in accordance with present law may return to service temporarily in a position covered by the TCRS and continue to draw such person's [...] show full description HB3360
Latest Action: 04/15/2008 - Companion became Public Chapter 674 Bill Text Companion Bill SB3276. Pensions and Retirement Benefits - Revises various provisions governing pension and compensation programs for public employees, including provisions governing hearing officers for appeals, automatic coverage of political subdivisions participating in TCRS in regard to changes in the law with limited increase in the aggregate pension liability, trustees of deferred and tax-sheltered compensation plans for state employees. - Amends TCA Section 8-25-103; Section 8-25-303(a); 8-25-501; 8-34-101(14)(B); 8-34-206; 8-34-320; 8-34-322; 8-34-605; 8-35-116(b); 8-35-118; 8-35-202; 8-36-205(a)(2)(E); 8-36-211; 26-2-105. Fiscal Summary for HB3360 / *SB3276 State Expenditures - Net Impact - Not Significant Bill Summary for HB3360 / *SB3276 This bill revises various provisions regarding pensions and compensation programs for public [...] show full description HB3363
Latest Action: 01/24/2008 - Passed second consideration, Referred to Finance Bill Text Pensions and Retirement Benefits - Revises provisions whereby TCRS board of trustees may appoint an administrative judge, who must be an agency employee, to conduct contested case proceedings to instead authorize the board to appoint a hearing officer, who must be an impartial employee of the treasury department, to conduct such hearings and to authorize the board to request the appointment of an administrative law judge from the office of the secretary of state to conduct such hearings. - Amends TCA Title 8, Chapter 34, Part 3. Fiscal Summary for HB3363 / *SB3278MINIMAL HB3281
Latest Action: 06/06/2008 - Public Chapter 972 Bill Text Highway Patrol - Authorizes retired highway patrol officers to work for local law enforcement agencies. - Amends TCA Title 4, Chapter 7. Fiscal Summary for *HB3281 / SB3555MINIMAL SB3677
Latest Action: 03/17/2008 - Withdrawn. Bill Text Pensions and Retirement Benefits - Extends the mandatory retirement provisions applicable to firefighters and police officers of a political subdivision to emergency medical service personnel; under those provisions, mandatory retirement age may not be less than 60. - Amends TCA Section 8-36-205. Fiscal Summary for *SB3677Increase Local Govt. Expenditures - Exceeds $3,200,000/ Annual Amortized Cost/Permissive SB3555
Latest Action: 06/06/2008 - Companion became Public Chapter 972 Bill Text Highway Patrol - Authorizes retired highway patrol officers to work for local law enforcement agencies. - Amends TCA Title 4, Chapter 7. Fiscal Summary for SB3555 / *HB3281MINIMAL SB3694
Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate Ed. Comm. Bill Text Companion Bill HB4132. Pensions and Retirement Benefits - Increases state portion of insurance premiums for active and retired teachers. - Amends TCA Title 8, Chapter 27. Fiscal Summary for *SB3694 / HB4132Increase State Expenditures - Exceeds $20,000,000 Increase Local Expenditures* - Exceeds $2,000,000 Bill Summary for *SB3694 / HB4132 Present law authorizes the department of education to pay insurance benefits for eligible teachers and their dependents. The amount of the benefits is determined each year under the General Appropriations Act. Also, the state insurance committee is authorized to contribute to the cost of supplemental medical insurance for retirees not eligible for Medicare. The contribution level of participating retirees is based on years of service, as follows: (1) 30 or more years of service: the committee establishes [...] show full description HB2987
Latest Action: 01/24/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB3045. Pensions and Retirement Benefits - Specifies that certain campus police officers are eligible for retirement on attaining age 55 and completing 25 years of creditable service. - Amends TCA Section 8-36-201. Fiscal Summary for HB2987 / *SB3045 Increase State Expenditures - $331,700/Annual Amortized Cost Bill Summary for HB2987 / *SB3045 Generally under the present law provisions governing the Tennessee Consolidated Retirement System, any member in Group 1 is eligible for service retirement upon attainment of 60 years of age or upon completion of 30 years of creditable service. However, any member in Group 1 who has creditable service in a Group 1 position covered by the mandatory retirement provisions of present law (such as state police officers is eligible for service retirement upon attainment of 55 years of age and [...] show full description SB3701
Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate Ed. Comm. Bill Text Pensions and Retirement Benefits - Requires forfeiture of benefits of teachers who become members of TCRS after July 1, 2008, if convicted of any felony in state or federal court. - Amends TCA Title 8. Fiscal Summary for SB3701 / *HB3057Other Fiscal Impact - If certain teachers in the future were denied retirement benefits that would not have been denied in the absence of this bill, a savings in expenditures from the retirement system would occur. Any such savings would depend on the number of persons affected and the level of benefits which would have been received by such persons. These savings cannot be precisely quantified, but are reasonably estimated to exceed $100,000 over time. HB3057
Latest Action: 04/16/2008 - Taken Off Notice For Calendar in: Education Committee Bill Text Pensions and Retirement Benefits - Requires forfeiture of benefits of teachers who become members of TCRS after July 1, 2008, if convicted of any felony in state or federal court. - Amends TCA Title 8. Fiscal Summary for *HB3057 / SB3701Other Fiscal Impact - If certain teachers in the future were denied retirement benefits that would not have been denied in the absence of this bill, a savings in expenditures from the retirement system would occur. Any such savings would depend on the number of persons affected and the level of benefits which would have been received by such persons. These savings cannot be precisely quantified, but are reasonably estimated to exceed $100,000 over time. SB3795
Latest Action: 05/15/2008 - Action Deferred in Senate FWM Comm. to next Calendar Bill Text Companion Bill HB3391. Pensions and Retirement Benefits - Authorizes a deferred retirement option plan (DROP) for eligible employees under TCRS. - Amends TCA Title 8, Chapter 36, Part 8. Fiscal Summary for *SB3795 / HB3391Increase State Expenditures - $27,573,000 Annual Amortized Cost Increase Local Expenditures - $5,974,000* Annual Amortized Cost Exceeds $15,000,000/Permissive Other Fiscal Impact - Increase Federal/Other Expenditures: $6,204,000 Annual Amortized Cost Bill Summary for *SB3795 / HB3391 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 benefits in accordance with present law may return to service temporarily in a position covered by the TCRS and continue to draw such person's [...] show full description SB3245
Latest Action: 06/06/2008 - Effective date(s) 05/22/08 Bill Text 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 [...] show full description SB3813
Latest Action: 06/06/2008 - Public Chapter 991 Bill Text 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 [...] show full description SB3246
Latest Action: 04/15/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Pensions and Retirement Benefits - Revises date for legislation to be returned to the appropriate standing committee after review by the council of pensions and insurance from not longer than five weeks after final cut-off to not longer than 30 calendar days after final cut-off. - Amends TCA Title 3, Chapter 9, Part 1. Fiscal Summary for *SB3246 / HB3815MINIMAL SB3463
Latest Action: 04/28/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2427. Public Funds and Financing - Enacts "Sudanese Divestment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for SB3463 / *HB2427Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill Summary for SB3463 / *HB2427 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Sudan, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's revenues or assets linked to [...] show full description SB3276
Latest Action: 04/15/2008 - Public Chapter 674 Bill Text Companion Bill HB3360. Pensions and Retirement Benefits - Revises various provisions governing pension and compensation programs for public employees, including provisions governing hearing officers for appeals, automatic coverage of political subdivisions participating in TCRS in regard to changes in the law with limited increase in the aggregate pension liability, trustees of deferred and tax-sheltered compensation plans for state employees. - Amends TCA Section 8-25-103; Section 8-25-303(a); 8-25-501; 8-34-101(14)(B); 8-34-206; 8-34-320; 8-34-322; 8-34-605; 8-35-116(b); 8-35-118; 8-35-202; 8-36-205(a)(2)(E); 8-36-211; 26-2-105. Fiscal Summary for *SB3276 / HB3360 State Expenditures - Net Impact - Not Significant Bill Summary for *SB3276 / HB3360 This bill revises various provisions regarding pensions and compensation programs for public [...] show full description SB3737
Latest Action: 04/29/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB4046. Public Funds and Financing - Requires divestment and prohibits investment in countries practicing apartheid or genocide; requires divestment and prohibits investment in companies doing business with countries practicing apartheid or genocide; prohibits state contracts with companies doing business with countries practicing apartheid or genocide. - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5; Title 9, Chapter 4 and Title 12, Chapter 4. Fiscal Summary for *SB3737 / HB4046Increase State Expenditures - Up to $1,050,000 / One-Time $104,300 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: Up to $350,000 / One-Time $34,700 / Annual Amortized Cost Bill [...] show full description SB3277
Latest Action: 05/23/2008 - Companion became Public Chapter 934 Bill Text 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.[...] show full description HB3231
Latest Action: 05/08/2008 - Public Chapter 838 Bill Text Sunset Laws - Tennessee consolidated retirement system, board of trustees, June 30, 2015. - Amends TCA Title 4, Chapter 29 and Title 8, Chapter 34. Fiscal Summary for HB3231 / *SB2524MINIMAL SB3278
Latest Action: 04/15/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Pensions and Retirement Benefits - Revises provisions whereby TCRS board of trustees may appoint an administrative judge, who must be an agency employee, to conduct contested case proceedings to instead authorize the board to appoint a hearing officer, who must be an impartial employee of the treasury department, to conduct such hearings and to authorize the board to request the appointment of an administrative law judge from the office of the secretary of state to conduct such hearings. - Amends TCA Title 8, Chapter 34, Part 3. Fiscal Summary for *SB3278 / HB3363MINIMAL SB3279
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Companion Bill HB3361. Pensions and Retirement Benefits - Authorizes the chair of the TCRS board to implement an automatic deferred or tax-sheltered compensation plan. - Amends TCA Title 8, Chapter 25, Part 1. Fiscal Summary for *SB3279 / HB3361Increase State Expenditures - $868,100/General Fund $165,400/Highway Fund and Other Dedicated Funds Other Fiscal Impact - Increase Federal/Other Expenditures - $310,500 Bill Summary for *SB3279 / HB3361 This bill authorizes the chair of the consolidated retirement board, with the concurrence of the commissioner of finance and administration, to implement an automatic deferred or tax-sheltered compensation plan, subject to funding. Such plan would provide that any person who becomes a full-time state employee on or after the implementation date of the plan, including a full-time employee [...] show full description SB3372
Latest Action: 05/15/2008 - Action Deferred in Senate FWM Comm. to next Calendar Bill Text 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 [...] show full description SB2927
Latest Action: 01/23/2008 - Passed second consideration, Referred to Senate Ed. Comm. Bill Text Pensions and Retirement Benefits - Authorizes state higher education employee participating in an optional retirement program to elect to receive a cash withdrawal of such employee's entire accumulated account, instead of only 50 percent of such account, if permitted by the relevant optional retirement company. - Amends TCA Title 8, Chapter 35, Part 4. Fiscal Summary for *SB2927 / HB3598MINIMAL SB3045
Latest Action: 03/05/2008 - Assigned to Gen. Sub of: Senate Ed. Comm. Bill Text Companion Bill HB2987. Pensions and Retirement Benefits - Specifies that certain campus police officers are eligible for retirement on attaining age 55 and completing 25 years of creditable service. - Amends TCA Section 8-36-201. Fiscal Summary for *SB3045 / HB2987 Increase State Expenditures - $331,700/Annual Amortized Cost Bill Summary for *SB3045 / HB2987 Generally under the present law provisions governing the Tennessee Consolidated Retirement System, any member in Group 1 is eligible for service retirement upon attainment of 60 years of age or upon completion of 30 years of creditable service. However, any member in Group 1 who has creditable service in a Group 1 position covered by the mandatory retirement provisions of present law (such as state police officers is eligible for service retirement upon attainment of 55 years of age and [...] show full description Latest Action: 01/17/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB2735. Pensions and Retirement Benefits - Authorizes, under certain circumstances, mandatory retirement and early retirement for campus security officers employed by the University of Tennessee system or the state university and community college system. - Amends TCA Title 8. Fiscal Summary for HB2726 / *SB2735Increase State Expenditures - $301,500/Annual Amortized Cost Bill Summary for HB2726 / *SB2735 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities on a day-to-day basis, commissioned wildlife safety officers, and commissioned enforcement chiefs, as well as firefighters and police officers with a political [...] show full description Latest Action: 01/17/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB2751. Pensions and Retirement Benefits - Authorizes, under certain circumstances, mandatory retirement and early retirement for campus security officers employed by the University of Tennessee system or the state university and community college system. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. Fiscal Summary for HB2727 / *SB2751Increase State Expenditures - $301,500/Annual Amortized Cost Bill Summary for HB2727 / *SB2751 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities on a day-to-day basis, commissioned wildlife safety officers, and commissioned enforcement chiefs,[...] show full description SB2838
Latest Action: 04/28/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2438. Public Funds and Financing - Enacts the "No Investment in Iran Act." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9. Fiscal Summary for SB2838 / *HB2438Increase State Expenditures - $1,875,000/One-Time $104,300/Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $625,000/One-Time $34,700/Annual Amortized Cost Bill Summary for SB2838 / *HB2438 This bill requires TCRS to divest investments made in companies that are actively engaged in commerce in Iran, and to which at least one of the following conditions applies: (1) More than 10 percent of the company's total revenues or assets are linked to Iran and involve oil-related [...] show full description HB2660
Latest Action: 01/17/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB2638. Pensions and Retirement Benefits - Authorizes certain political subdivisions to establish a mandatory retirement age for certain emergency management services personnel; allows certain EMS personnel, being 55 years of age or older and having at least 25 years of creditable service, to retire early. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. Fiscal Summary for HB2660 / *SB2638 Increase Local Govt. Expenditures - Exceeds $3,200,000/ Annual Amortized Cost/Permissive Bill Summary for HB2660 / *SB2638 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities [...] show full description Latest Action: 05/13/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2726. Pensions and Retirement Benefits - Authorizes, under certain circumstances, mandatory retirement and early retirement for campus security officers employed by the University of Tennessee system or the state university and community college system. - Amends TCA Title 8. Fiscal Summary for *SB2735 / HB2726Increase State Expenditures - $301,500/Annual Amortized Cost Bill Summary for *SB2735 / HB2726 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities on a day-to-day basis, commissioned wildlife safety officers, and commissioned enforcement chiefs, as well as firefighters and police officers with a political [...] show full description Latest Action: 04/29/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2727. Pensions and Retirement Benefits - Authorizes, under certain circumstances, mandatory retirement and early retirement for campus security officers employed by the University of Tennessee system or the state university and community college system. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. Fiscal Summary for *SB2751 / HB2727Increase State Expenditures - $301,500/Annual Amortized Cost Bill Summary for *SB2751 / HB2727 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities on a day-to-day basis, commissioned wildlife safety officers, and commissioned enforcement chiefs,[...] show full description SB2759
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Companion Bill HB2534. Pensions and Retirement Benefits - Improves retirement benefits of certain Tennessee public employees. - Amends TCA Section 8-36-124 and Title 8, Chapter 36, Part 7. Fiscal Summary for SB2759 / *HB2534Increase State Expenditures - $106,375,600/Annual Amortized Cost Increase Local Govt. Expenditures* - $38,982,700/Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures - $15,967,200/Annual Amortized Cost Bill Summary for SB2759 / *HB2534 Subject to funding, this bill provides increased benefits under the Tennessee consolidated retirement system (TCRS) for certain retired state employees. Under present law, if the recommended employer contribution rate for state employees and teachers is less than the rate in effect on June 30, 1993, the [...] show full description HB2704
Latest Action: 05/08/2008 - Public Chapter 833 Bill Text Sunset Laws - Medical board of Tennessee consolidated retirement system, June 30, 2015. - Amends TCA Title 4, Chapter 29 and Title 8, Chapter 34, Part 4. Fiscal Summary for HB2704 / *SB2495MINIMAL SB2715
Latest Action: 01/16/2008 - Passed second consideration, Referred to Senate Finance, Ways and Means Comm. Bill Text Companion Bill HB2478. Pensions and Retirement Benefits - Expands period for establishing peacetime military service in TCRS by removing restriction that such service be performed during period between October 15, 1940, and May 7, 1975. - Amends TCA Section 8-34-605. Fiscal Summary for SB2715 / *HB2478 Increase State Expenditures - $388,400/Annual Amortized Cost Increase Local Govt. Expenditures - $129,200/Annual Amortized Cost* Exceeds $100,000/Permissive Other Fiscal Impact - Increase Federal/Other Expenditures - $44,900/Annual Amortized Cost Bill Summary for SB2715 / *HB2478 Under present law, a member or retired member of the Tennessee consolidated retirement system may receive retirement credit under the system for time spent in the United States armed forces [...] show full description HB2568
Latest Action: 04/29/2008 - Re-Referred to Judiciary Bill Text Companion Bill SB2670. Pensions and Retirement Benefits - Requires forfeiture of access to health insurance benefits by any member of the general assembly convicted of a felony involving public office. - Amends TCA Title 8. Fiscal Summary for *HB2568 / SB2670Other Fiscal Impact - If one current or former member of the General Assembly is convicted of a felony during FY08-09, and this individual is of average age, with an average life expectancy, total state expenditures could decrease by an amount estimated to exceed $700,000 over the individuals remaining life (an average of $28,000 per year for 25 years). Bill Summary for *HB2568 / SB2670 Present law provides that upon retirement from the general assembly, any senator or representative or, upon completion of a term of office, the governor may elect to retain state employees' health group insurance [...] show full description SB2638
Latest Action: 05/13/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2660. Pensions and Retirement Benefits - Authorizes certain political subdivisions to establish a mandatory retirement age for certain emergency management services personnel; allows certain EMS personnel, being 55 years of age or older and having at least 25 years of creditable service, to retire early. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36. Fiscal Summary for *SB2638 / HB2660 Increase Local Govt. Expenditures - Exceeds $3,200,000/ Annual Amortized Cost/Permissive Bill Summary for *SB2638 / HB2660 Under present law, there is not a mandatory age requirement for any member of the TCRS, except for certain members such as state police officers, wildlife officers, or commissioned members of the alcoholic beverage commission and who are engaged in law enforcement activities [...] show full description Latest Action: 04/15/2008 - Public Chapter 670 Bill Text Pensions and Retirement Benefits - Designates retired teacher member of TCRS board of trustees as a voting member instead of a non-voting member of the board. - Amends TCA Section 8-34-302. Fiscal Summary for SB2654 / *HB2487MINIMAL SB2663
Latest Action: 05/19/2008 - Assigned to Gen. Sub of: Senate Finance, Ways and Means Comm. Bill Text Pensions and Retirement Benefits - Adds Operation Urgent Fury, Operation El Dorado Canyon, Operation Just Cause, Operation Desert Shield/Desert Storm, Operation Enduring Freedom, and Operation Iraqi Freedom to periods of armed conflict to which TCRS members are entitled to establish retirement credit without charge; broadens period of peacetime service for establishing additional six-month credit in TCRS from service performed between October 15, 1940, through May 7, 1975, to service performed between October 15, 1940 through end of hostilities in Iraq. - Amends TCA Title 8, Chapter 34, Part 6. Fiscal Summary for SB2663 / *HB2541Increase State Expenditures - $985,000 Annual Amortized Cost Increase Local Govt. Expenditures* - $388,000 Annual Amortized Cost Exceeds $1,000,000/Permissive Other Fiscal Impact - Increase Federal/Other Expenditures - $135,000 Annual Amortized Cost Latest Action: 04/03/2008 - Received from Senate, held on House desk. Bill Text Companion Bill HB2568. Pensions and Retirement Benefits - Requires forfeiture of access to health insurance benefits by any member of the general assembly convicted of a felony involving public office. - Amends TCA Title 8. Fiscal Summary for SB2670 / *HB2568Other Fiscal Impact - If one current or former member of the General Assembly is convicted of a felony during FY08-09, and this individual is of average age, with an average life expectancy, total state expenditures could decrease by an amount estimated to exceed $700,000 over the individuals remaining life (an average of $28,000 per year for 25 years). Bill Summary for SB2670 / *HB2568 Present law provides that upon retirement from the general assembly, any senator or representative or, upon completion of a term of office, the governor may elect to retain state employees' health group insurance [...] show full description SB2704
Latest Action: 01/16/2008 - Passed second consideration, Referred to Senate Finance, Ways and Means Comm. Bill Text Companion Bill HB4008. Pensions and Retirement Benefits - Allows, under certain circumstances, a retired member of the consolidated retirement system to return to service in certain year-round positions while continuing to receive his or her retirement allowance. - Amends TCA Title 8, Chapter 36, Part 8. Fiscal Summary for *SB2704 / HB4008Increase State Expenditures - $4,672,400/Annual Amortized Cost Increase Local Expenditures - Exceeds $4,000,000/Permissive Increase Federal/Other Expenditures - $1,557,400/Annual Amortized Cost Bill Summary for *SB2704 / HB4008 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 [...] show full description HB2617
Latest Action: 01/16/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB2590. Public Funds and Financing - Enacts "Terror-Free Investment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for HB2617 / *SB2590Increase State Expenditures - $4,050,000 / One-Time $90,000 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $1,350,000 / One-Time $30,000 / Annual Amortized Cost Bill Summary for HB2617 / *SB2590 This bill requires that all international equity holdings held by the Tennessee consolidated retirement system (TCRS) exclude global security risk prohibitive companies by January 1, 2009. For purposes of this bill, a "global security risk prohibitive [...] show full description SB2590
Latest Action: 04/29/2008 - Assigned to Gen. Sub of Senate F,W&M Comm. Bill Text Companion Bill HB2617. Public Funds and Financing - Enacts "Terror-Free Investment Act of 2008." - Amends TCA Title 4, Chapter 3, Part 24; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36; Title 8, Chapter 37; Title 8, Chapter 5 and Title 9, Chapter 4. Fiscal Summary for *SB2590 / HB2617Increase State Expenditures - $4,050,000 / One-Time $90,000 / Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures: $1,350,000 / One-Time $30,000 / Annual Amortized Cost Bill Summary for *SB2590 / HB2617 This bill requires that all international equity holdings held by the Tennessee consolidated retirement system (TCRS) exclude global security risk prohibitive companies by January 1, 2009. For purposes of this bill, a "global security risk prohibitive [...] show full description HB2534
Latest Action: 01/14/2008 - Passed second consideration, Referred to Finance Bill Text Companion Bill SB2759. Pensions and Retirement Benefits - Improves retirement benefits of certain Tennessee public employees. - Amends TCA Section 8-36-124 and Title 8, Chapter 36, Part 7. Fiscal Summary for *HB2534 / SB2759Increase State Expenditures - $106,375,600/Annual Amortized Cost Increase Local Govt. Expenditures* - $38,982,700/Annual Amortized Cost Other Fiscal Impact - Increase Federal/Other Expenditures - $15,967,200/Annual Amortized Cost Bill Summary for *HB2534 / SB2759 Subject to funding, this bill provides increased benefits under the Tennessee consolidated retirement system (TCRS) for certain retired state employees. Under present law, if the recommended employer contribution rate for state employees and teachers is less than the rate in effect on June 30, 1993, the [...] show full description HB2541
Latest Action: 01/14/2008 - Passed second consideration, Referred to Finance Bill Text Pensions and Retirement Benefits - Adds Operation Urgent Fury, Operation El Dorado Canyon, Operation Just Cause, Operation Desert Shield/Desert Storm, Operation Enduring Freedom, and Operation Iraqi Freedom to periods of armed conflict to which TCRS members are entitled to establish retirement credit without charge; broadens period of peacetime service for establishing additional six-month credit in TCRS from service performed between October 15, 1940, through May 7, 1975, to service performed between October 15, 1940 through end of hostilities in Iraq. - Amends TCA Title 8, Chapter 34, Part 6. Fiscal Summary for *HB2541 / SB2663Increase State Expenditures - $985,000 Annual Amortized Cost Increase Local Govt. Expenditures* - $388,000 Annual Amortized Cost Exceeds $1,000,000/Permissive Other Fiscal Impact - Increase Federal/Other Expenditures - $135,000 Annual Amortized Cost |
