Bill > HB1907

This bill modifies provisions related to the Tennessee Consolidated Retirement System (TCRS) by streamlining the process for providing records in legal proceedings and clarifying rules for temporary reemployment after retirement. Specifically, it allows administrators of deferred compensation plans and employees of the retirement system to comply with subpoenas for records by submitting copies accompanied by a custodian's affidavit, rather than requiring their personal appearance unless there's a dispute about the accuracy of the information. The bill also adjusts when monthly benefit payments cease upon a payee's death and introduces new rules for members who return to temporary reemployment between July 1, 2022, and June 30, 2027, requiring them to have a "bona fide separation of service" (meaning a genuine break from employment) before reemployment and to be treated as receiving an "in-service distribution" (meaning receiving retirement funds while still employed) if this separation is not proven, with necessary tax reporting adjustments.