Amends TCA Title 8, Chapter 34.
Tennessee HB0756 amends current law regarding retirement credit for peacetime military service in the Tennessee consolidated retirement system (TCRS) by extending eligibility to service beyond May 7, 1975, and revising the credit calculation for military service. The bill affects members and retired members of TCRS who have performed peacetime military service, allowing them to establish credit on a one-to-one basis for each day of military service rendered, instead of the previous two-to-one basis after the first year. Key changes include the removal of the first-year credit provision and the adjustment of the credit calculation for all qualifying military service.
Tennessee HB0756 amends current law regarding retirement credit for peacetime military service in the Tennessee consolidated retirement system (TCRS) by extending eligibility to service beyond May 7, 1975, and revising the credit calculation for military service. The bill affects members and retired members of TCRS who have performed peacetime military service, allowing them to establish credit on a one-to-one basis for each day of military service rendered, instead of the previous two-to-one basis after the first year. Key changes include the removal of the first-year credit provision and the adjustment of the credit calculation for all qualifying military service.
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Faison, Jeremy
114th General Assembly
February 3, 2025
April 2, 2025
Taken off notice for cal in s/c Finance, Ways, and Means Subcommittee of Finance, Ways, and Means Committee