Bill > SB2018

This bill revises provisions related to the Tennessee Consolidated Retirement System (TCRS) by establishing clearer procedures for responding to subpoenas for records, particularly for deferred compensation plans and the retirement system itself, allowing for the submission of copies with an affidavit from a custodian of records instead of requiring the custodian's personal appearance unless there's a dispute about the accuracy of the information. It also clarifies that monthly benefit payments cease in the month of the payee's death, with specific provisions for retired members and beneficiaries receiving optional allowances, and introduces new rules for members returning to temporary reemployment after retirement between July 1, 2022, and June 30, 2027, requiring them to have a bona fide separation of service to avoid being treated as receiving an in-service distribution, which has tax implications.

Government Affairs

https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB2018&ga=114