Tennessee House Bill 884

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 18 2023 - 100% progression
Action: 2023-04-18 - Comp. became Pub. Ch. 132
Text: Latest bill text (Chaptered) [PDF]

As enacted, revises the methods by which a local government employer wishing to participate in TCRS must pay the estimated increased pension liability created by a benefit improvement; requires the state to pay the estimated increased pension liability resulting from a benefit improvement affecting general employees or employees at institutions of higher education participating in the retirement system by amortizing the unfunded accrued liability over a period of time not to exceed 10 years from the date that the benefit improvement is established. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to funding retirement benefit improvements.

Rep. Jerome Moon [R]

Date	Chamber	Action
2023-04-18		Comp. became Pub. Ch. 132
2023-03-20	House	Comp. SB subst.
2023-03-16	House	H. Placed on Regular Calendar for 3/20/2023
2023-03-15	House	Placed on cal. Calendar & Rules Committee for 3/16/2023
2023-03-08	House	Rec. for pass. if am., ref. to Calendar & Rules Committee
2023-03-01	House	Placed on cal. State Government Committee for 3/8/2023
2023-02-28	House	Rec for pass if am by s/c ref. to State Government Committee
2023-02-22	House	Placed on s/c cal Public Service Subcommittee for 2/28/2023
2023-02-21	House	Action Def. in s/c Public Service Subcommittee to 2/28/2023
2023-02-15	House	Placed on s/c cal Public Service Subcommittee for 2/21/2023
2023-02-07	House	Assigned to s/c Public Service Subcommittee
2023-02-02	House	P2C, ref. to State Government Committee
2023-02-01	House	Intro., P1C.
2023-01-30	House	Filed for introduction

SB0990 (Crossfiled) 2023-04-18 - Effective date(s) 07/01/2023

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB0884&ga=113
Text	https://www.capitol.tn.gov/Bills/113/Bill/HB0884.pdf
Text	https://publications.tnsosfiles.com/acts/113/pub/pc0132.pdf
Amendment	https://www.capitol.tn.gov/Bills/113/Amend/HA0100.pdf
Supplement	https://www.capitol.tn.gov/Bills/113/Fiscal/HB0884.pdf
Supplement	https://www.capitol.tn.gov/Bills/113/Fiscal/FM0135.pdf