Pensions and Retirement Benefits - As introduced, requires the board of trustees of TCRS to include in its annual report to the general assembly a certification of the amount of normal contributions, accumulated liability contributions, and cost of living contributions required from the employer to meet the funding needs of retirements for state judges and attorneys general participating in Groups 1, 3, and 4 of the consolidated retirement system. - Amends TCA Title 4 and Title 8.
Taken off notice for cal in s/c Public Service Subcommittee of State & Local Government Committee
Summary
The bill adds a requirement that the Tennessee Consolidated Retirement System’s board of trustees include a certification of the normal, accumulated liability and cost‑of‑living contributions the state must make for judges and the attorney general in its annual report to the General Assembly. It applies to retirees in Groups 1, 3 and 4 of the system. The measure is intended to improve transparency about funding needs for these high‑level officials.
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