Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.
Tennessee SB0953 amends various sections of the Tennessee Code Annotated related to retirement benefits for public employees. It allows political subdivisions to adopt a supplemental bridge benefit for members covered by mandatory retirement provisions, specifically targeting those retiring between the ages of 55 and 62. Key provisions include the establishment of eligibility criteria, payment timelines, and the irrevocability of any changes to the supplemental benefit once adopted.
Tennessee SB0953 amends various sections of the Tennessee Code Annotated related to retirement benefits for public employees. It allows political subdivisions to adopt a supplemental bridge benefit for members covered by mandatory retirement provisions, specifically targeting those retiring between the ages of 55 and 62. Key provisions include the establishment of eligibility criteria, payment timelines, and the irrevocability of any changes to the supplemental benefit once adopted.
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