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TN HB0462
Bill
Status
1/28/2025
Primary Sponsor
Ron Travis
Click for details
AI Summary
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General Assembly members who joined on or after July 1, 2014, and complete 10 years of legislative service will be automatically converted from the hybrid retirement plan to the legacy retirement plan
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The Board of Trustees is required to perform the conversion and provide written notification to affected members upon completion
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The Office of Legislative Administration must notify the Board of Trustees when a legislator reaches the 10-year service threshold
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Effective July 1, 2025, with retroactive application to legislators who completed 10 years of service on or after July 1, 2024
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 3; Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36, relative to retirement system participation by members of the general assembly.
General Assembly
Last Action
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
4/9/2025