Tennessee HB0756 amends retirement credit rules for public employees who served in the U.S. armed forces.

Tennessee HB0756 modifies the calculation of retirement credit for public employees who performed peacetime military service in the U.S. armed forces on or after October 15, 1940. It establishes that one day of creditable service is granted for each day of military service, with employees required to pay contributions based on a nine percent rate applied to their earnable compensation. The bill also specifies that these military service members must meet certain conditions to qualify for retirement credit. This act will take effect on July 1, 2025.

Tennessee HB0756 amends retirement credit rules for public employees who served in the U.S. armed forces.

Tennessee HB0756 modifies the calculation of retirement credit for public employees who performed peacetime military service in the U.S. armed forces on or after October 15, 1940. It establishes that one day of creditable service is granted for each day of military service, with employees required to pay contributions based on a nine percent rate applied to their earnable compensation. The bill also specifies that these military service members must meet certain conditions to qualify for retirement credit. This act will take effect on July 1, 2025.