SB0722 amends Tennessee retirement benefits for members of the general assembly.
SB0722 amends Tennessee Code to convert retirement plan participation from the hybrid plan to the legacy plan for members of the general assembly who complete ten years of service after July 1, 2014. It also mandates supplemental medical insurance and retiree coverage for those completing ten years of service after July 1, 2024. The changes apply to those whose first election to office occurred after July 1, 2015, and take effect July 1, 2025.
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.