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TN SB1171
TN SB1171AN ACT to amend Tennessee Code Annotated, Title 7; Title 8; Title 35; Title 49; Title 50; Title 56; Title 66 and Title 71, relative to benefits.
summary
Introduced
02/06/2025
02/06/2025
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, requires a member of TCRS to provide a copy of any final workers' compensation settlement or judgment to the retirement system no later than 45 days, rather than 30 days, after the settlement or judgment becomes final. - Amends TCA Title 7; Title 8; Title 35; Title 49; Title 50; Title 56; Title 66 and Title 71.
AI Summary
This bill modifies a specific provision in the Tennessee Code Annotated related to the Tennessee Consolidated Retirement System (TCRS), extending the timeline for members to provide a copy of their final workers' compensation settlement or judgment to the retirement system from 30 days to 45 days. Specifically, the bill amends Section 8-36-503(b) to replace the existing 30-day requirement with a 45-day timeframe for submitting documentation after a workers' compensation settlement becomes final. The change provides TCRS members with an additional 15 days to complete the required documentation, potentially offering more flexibility in processing and reporting settlement information. The bill will take effect immediately upon becoming law, as stated in Section 2, which indicates that the public welfare requires its prompt implementation.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Passed on Second Consideration, refer to Senate State and Local Government Committee (on 02/12/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1171&ga=114 |
| Fiscal Note - SB1171 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1171.pdf |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1171.pdf |
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