Bill
Bill > HB0463
TN HB0463
TN HB0463AN 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.
summary
Introduced
01/28/2025
01/28/2025
In Committee
03/26/2025
03/26/2025
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, requires the board of trustees of the Tennessee consolidated retirement system to convert a person's participation in the retirement system, for service as a member of the general assembly and as a participant in the hybrid plan, from the hybrid plan to the legacy plan upon the person completing 10 years of service as a member of the general assembly if the person became a member of the general assembly on or after July 1, 2014; requires retiree health benefit coverage be made available to retired members of the general assembly with 10 or more years of service. - Amends TCA Title 3; Title 8, Chapter 27, Part 2; Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.
AI Summary
This bill makes several changes to retirement and health benefits for Tennessee state legislators who join the general assembly on or after July 1, 2014. Specifically, the bill requires the board of trustees of the Tennessee consolidated retirement system to automatically convert a legislator's retirement plan from a hybrid plan to a legacy plan after completing 10 years of service. The bill also extends retiree health insurance coverage and supplemental medical insurance benefits to senators and representatives who serve at least 10 years, starting July 1, 2024. Previously, certain legislators elected after July 1, 2015 were not eligible for continued state employee group insurance coverage. The bill removes this restriction for senators and representatives, while maintaining it for governors. These changes aim to provide more comprehensive retirement and health benefits for long-serving state legislators. The provisions will take effect on July 1, 2025, and will apply to legislators who complete 10 years of service on or after July 1, 2024.
Committee Categories
Budget and Finance, Government Affairs, Labor and Employment
Sponsors (28)
Ron Travis (R)*,
Becky Jo Alexander (R),
Fred Atchley (R),
Rush Bricken (R),
Kip Capley (R),
Mark Cochran (R),
John Crawford (R),
Clay Doggett (R),
Jeremy Faison (R),
Johnny Garrett (R),
Rusty Grills (R),
Esther Helton (R),
Tim Hicks (R),
Dan Howell (R),
Doc Kumar (R),
William Lamberth (R),
Mary Littleton (R),
Susan Lynn (R),
Pat Marsh (R),
Larry Miller (D),
Jerome Moon (R),
Dennis Powers (R),
Tim Rudd (R),
Iris Rudder (R),
Cameron Sexton (R),
Paul Sherrell (R),
Greg Vital (R),
Jason Zachary (R),
Last Action
Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025 (on 04/09/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0463&ga=114 |
| Fiscal Note - HB0463 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB0463.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB0463.pdf |
Loading...