TN HB0535

State employer match for employee retirement contributions set at 100% of employee contributions up to $50 per month beginning July 1, 2021, with potential for higher maximums through annual appropriations acts

Part-time state employees and teachers hired on or after July 1, 2025 automatically enrolled in the Tennessee Consolidated Retirement System unless they submit a written opt-out election within 30 calendar days of employment

State judges, county judges, county officials, commissioners, district attorneys, and general assembly members assuming office on or after July 1, 2025 required to join the retirement system as a condition of taking office

Two new retirement benefit options added: Option 5 and Option 6, both providing reduced allowances during the retiree's life that continue at 70% to a designated beneficiary after death

Retirees may cancel a designated beneficiary due to death or divorce and either designate a new beneficiary or reannuitize benefits with a new spouse as sole beneficiary