Amends TCA Title 8, Chapter 34.
Tennessee SB0966 amends Title 8, Chapter 34 of the Tennessee Code Annotated, revising provisions related to retirement credit for members of the Tennessee Consolidated Retirement System (TCRS) who have performed peacetime military service. The bill expands eligibility for retirement credit to include service beyond May 7, 1975, and modifies the calculation of creditable service from one day for every two days of military service to one day for each day of military service rendered. Key changes also include the removal of previous conditions and the adjustment of contribution rates related to establishing service credit.
Tennessee SB0966 amends Title 8, Chapter 34 of the Tennessee Code Annotated, revising provisions related to retirement credit for members of the Tennessee Consolidated Retirement System (TCRS) who have performed peacetime military service. The bill expands eligibility for retirement credit to include service beyond May 7, 1975, and modifies the calculation of creditable service from one day for every two days of military service to one day for each day of military service rendered. Key changes also include the removal of previous conditions and the adjustment of contribution rates related to establishing service credit.
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