Pensions and Retirement Benefits - As introduced, increases the employer contribution under the hybrid retirement plan from 5 percent to 10 percent for current members of the general assembly who have 10 years of creditable service on or after July 1, 2026. - Amends TCA Section 8-36-916.

Summary

The bill changes the hybrid retirement plan so that any current Tennessee legislator with at least ten years of creditable service will have the state contribute 10% of their salary, instead of the usual 5%. The higher contribution applies to members in office on or after November 3 2026. It is intended to enhance retirement benefits for experienced lawmakers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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