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TN HB0756
Bill
Status
2/3/2025
Primary Sponsor
Jeremy Faison
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AI Summary
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Allows public employees who served in the U.S. armed forces during peacetime on or after October 15, 1940, to purchase retirement credit for that military service
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Creditable service is calculated at a 1:1 ratio—one day of retirement credit for each day of military service
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Members must pay 9% of their earnable compensation at the time of the claim (or at termination if no longer employed) to establish the military service credit
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Applies to both current members and retired members of the public employee retirement system
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Takes effect July 1, 2025
Legislative Description
AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34, relative to creditable service for retirement for public employees.
Pensions and Retirement Benefits
Last Action
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee
4/2/2025