Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.
Tennessee HB0977 amends various sections of the Tennessee Code Annotated to authorize political subdivisions to adopt a supplemental bridge benefit for members covered by mandatory retirement provisions, effective July 1, 2025. This bill affects public employees who are retiring between the ages of 55 and 62, allowing them to receive a supplemental benefit for a specified duration based on their age at retirement. Key provisions include the establishment of eligibility criteria, the duration of benefit payments, and stipulations regarding irrevocability of the adopted benefit.
Tennessee HB0977 amends various sections of the Tennessee Code Annotated to authorize political subdivisions to adopt a supplemental bridge benefit for members covered by mandatory retirement provisions, effective July 1, 2025. This bill affects public employees who are retiring between the ages of 55 and 62, allowing them to receive a supplemental benefit for a specified duration based on their age at retirement. Key provisions include the establishment of eligibility criteria, the duration of benefit payments, and stipulations regarding irrevocability of the adopted benefit.
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