Amends TCA Section 8-34-605.
Under this bill, a TCRS member who has performed active duty military service in the armed forces of the United States during any period of armed conflict (described below) may establish retirement credit for that military service under the following conditions: (A) Creditable service must be calculated on the basis of one day of creditable service for each day of military service rendered. To establish such military service, the member must pay employee contributions for the service claimed based on a contribution rate of 9 percent. The rate is applied to the member's earnable compensation at the time of the claim; (B) The establishment of creditable service for military service in accordance with this bill is a benefit improvement. Payment of the liability to establish this creditable service is paid in accordance with present law governing local government participation in TCRS. Under such present law, a participating employer who desires to establish a benefit improvement must pay the estimated increased pension liability created by the improvement in a lump sum or through an increase in the employer's contribution rate for the next fiscal year following the adoption of the resolution by the employer. No former or current employee of the employer is entitled to the benefit improvement until the estimated increased pension liability has been totally funded; and (C) The member must have been honorably discharged from such military service; the member cannot establish the military service in any other retirement system (unless this prohibition is exempted by federal law); and the credit cannot be used in determining any rights under the retirement system prior to the member becoming vested. For purposes of this bill, "period of armed conflict" means: (1) Multinational Force in Lebanon, 8/21/82 - 2/26/84; (2) Invasion of Grenada/Operation Urgent Fury, 10/25/83 - 12/15/83; (3) Invasion of Panama/Operation Just Cause, 12/20/89 - 1/31/90; (4) Persian Gulf War, 8/2/90 - 4/6/91; (5) Operation Enduring Freedom, 10/7/01 - 12/28/14; and (6) Operation Iraqi Freedom, 3/19/03 - 8/31/10.
Under this bill, a TCRS member who has performed active duty military service in the armed forces of the United States during any period of armed conflict (described below) may establish retirement credit for that military service under the following conditions: (A) Creditable service must be calculated on the basis of one day of creditable service for each day of military service rendered. To establish such military service, the member must pay employee contributions for the service claimed based on a contribution rate of 9 percent. The rate is applied to the member's earnable compensation at the time of the claim; (B) The establishment of creditable service for military service in accordance with this bill is a benefit improvement. Payment of the liability to establish this creditable service is paid in accordance with present law governing local government participation in TCRS. Under such present law, a participating employer who desires to establish a benefit improvement must pay the estimated increased pension liability created by the improvement in a lump sum or through an increase in the employer's contribution rate for the next fiscal year following the adoption of the resolution by the employer. No former or current employee of the employer is entitled to the benefit improvement until the estimated increased pension liability has been totally funded; and (C) The member must have been honorably discharged from such military service; the member cannot establish the military service in any other retirement system (unless this prohibition is exempted by federal law); and the credit cannot be used in determining any rights under the retirement system prior to the member becoming vested. For purposes of this bill, "period of armed conflict" means: (1) Multinational Force in Lebanon, 8/21/82 - 2/26/84; (2) Invasion of Grenada/Operation Urgent Fury, 10/25/83 - 12/15/83; (3) Invasion of Panama/Operation Just Cause, 12/20/89 - 1/31/90; (4) Persian Gulf War, 8/2/90 - 4/6/91; (5) Operation Enduring Freedom, 10/7/01 - 12/28/14; and (6) Operation Iraqi Freedom, 3/19/03 - 8/31/10.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records