Tennessee HB0462 amends retirement system participation rules for Tennessee General Assembly members.
Tennessee HB0462 modifies the Tennessee Code to change retirement system participation for General Assembly members. It requires the board of trustees to convert a member's retirement plan from the hybrid plan to the legacy plan after ten years of service, if the member joined the assembly on or after July 1, 2014. The change applies to those completing ten years of service on or after July 1, 2024. The Office of Legislative Administration must notify the board of trustees when a member reaches this milestone.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.