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TN HB0463
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, will be automatically converted from the hybrid retirement plan to the more generous legacy retirement plan upon completing 10 years of legislative service.
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Senators and representatives who complete 10 years of service on or after July 1, 2024, become eligible for retiree health insurance coverage under the state employees group insurance plan.
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Supplemental medical insurance benefits will be extended to retired legislators who complete 10 years of service on or after July 1, 2024.
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The restriction on continued state health insurance coverage is narrowed to apply only to governors first elected after July 1, 2015, removing senators and representatives from this exclusion.
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The act takes effect July 1, 2025, and applies retroactively to members completing 10 years of service on or after July 1, 2024.
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 3; Title 8, Chapter 27, Part 2; Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36, relative to retirement benefits for members of the general assembly.
Pensions and Retirement Benefits
Last Action
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025
4/9/2025