Amends TCA Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.
Tennessee SB0510 amends various sections of the Tennessee Code Annotated related to the Tennessee Consolidated Retirement System (TCRS), establishing mandatory membership for certain government employees hired on or after July 1, 2025, including teachers, police officers, and elected officials. Key provisions include pathways for current employees to maintain their retirement status, the requirement for new employees to join the TCRS, and the stipulation that all associated costs will be the responsibility of the respective employers. Additionally, the bill clarifies that the TCRS is not liable for payments unless reserves have been created from contributions.
Tennessee SB0510 amends various sections of the Tennessee Code Annotated related to the Tennessee Consolidated Retirement System (TCRS), establishing mandatory membership for certain government employees hired on or after July 1, 2025, including teachers, police officers, and elected officials. Key provisions include pathways for current employees to maintain their retirement status, the requirement for new employees to join the TCRS, and the stipulation that all associated costs will be the responsibility of the respective employers. Additionally, the bill clarifies that the TCRS is not liable for payments unless reserves have been created from contributions.
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Walley, Page
114th General Assembly
January 30, 2025
May 13, 2025
Pub. Ch. 367