Amends Tennessee retirement laws to update record-keeping and benefit payment procedures.

This bill makes several amendments to Tennessee retirement laws. It updates procedures for record production in legal proceedings involving retirement systems, allowing for affidavits or declarations to accompany records. It also modifies the handling of benefit payments upon the death of a retiree or beneficiary, ensuring payments are made for the month of death. Additionally, it introduces a requirement for members returning to temporary reemployment to have a bona fide separation of service, with specific tax reporting changes if this requirement is not met.

Amends Tennessee retirement laws to update record-keeping and benefit payment procedures.

This bill makes several amendments to Tennessee retirement laws. It updates procedures for record production in legal proceedings involving retirement systems, allowing for affidavits or declarations to accompany records. It also modifies the handling of benefit payments upon the death of a retiree or beneficiary, ensuring payments are made for the month of death. Additionally, it introduces a requirement for members returning to temporary reemployment to have a bona fide separation of service, with specific tax reporting changes if this requirement is not met.