Pensions and Retirement Benefits - As introduced, requires the governing body of a political subdivision that passes a resolution authorizing a supplemental retirement benefit for hazardous duty to forward such resolution to the board of trustees of the Tennessee consolidated retirement system. - Amends TCA Title 8, Chapter 36.
Passed on Second Consideration, refer to Senate State and Local Government Committee
Summary
The bill adds a requirement that any political subdivision that adopts a resolution for a supplemental retirement benefit for hazardous duty must send a copy of that resolution to the Board of Trustees of the Tennessee Consolidated Retirement System. This ensures the state retirement system is aware of local supplemental benefits. It applies to all governing bodies of cities, counties, and other local entities.
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