TN SB0990 | 2023-2024 | 113th General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 18 2023 - 100% progression
Action: 2023-04-18 - Effective date(s) 07/01/2023
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on April 18 2023 - 100% progression
Action: 2023-04-18 - Effective date(s) 07/01/2023
Text: Latest bill text (Chaptered) [PDF]
Summary
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.
Title
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.
Sponsors
| Sen. Ken Yager [R] |
Roll Calls
2023-03-20 - House - FLOOR VOTE: REGULAR CALENDAR PASSAGE ON THIRD CONSIDERATION (Y: 96 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-09 - Senate - FLOOR VOTE: as Amended Third Consideration (Y: 32 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-28 - Senate - SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0 (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2023-03-09 - Senate - FLOOR VOTE: as Amended Third Consideration (Y: 32 N: 0 NV: 0 Abs: 0) [PASS]
2023-02-28 - Senate - SENATE STATE & LOCAL GOVERNMENT COMMITTEE: Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0 (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2023-04-18 | Effective date(s) 07/01/2023 | |
| 2023-04-18 | Pub. Ch. 132 | |
| 2023-04-04 | Senate | Signed by Governor. |
| 2023-03-24 | Senate | Transmitted to Governor for action. |
| 2023-03-23 | House | Signed by H. Speaker |
| 2023-03-22 | Senate | Signed by Senate Speaker |
| 2023-03-22 | Senate | Enrolled and ready for signatures |
| 2023-03-20 | House | Passed H., Ayes 96, Nays 0, PNV 0 |
| 2023-03-20 | House | Am. withdrawn. (Amendment 1 - HA0100) |
| 2023-03-20 | House | Subst. for comp. HB. |
| 2023-03-13 | House | Rcvd. from S., held on H. desk. |
| 2023-03-09 | Senate | Engrossed; ready for transmission to House |
| 2023-03-09 | Senate | Passed Senate as amended, Ayes 32, Nays 0 |
| 2023-03-09 | Senate | Amendment withdrawn. (Amendment 1 - SA0055) |
| 2023-03-09 | Senate | Senate adopted Amendment (Amendment 2 - SA0092) |
| 2023-03-07 | Senate | Placed on Senate Regular Calendar for 3/9/2023 |
| 2023-02-28 | Senate | Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 9, Nays 0 PNV 0 |
| 2023-02-21 | Senate | Placed on Senate State and Local Government Committee calendar for 2/28/2023 |
| 2023-02-21 | Senate | Action deferred in Senate State and Local Government Committee to 2/28/2023 |
| 2023-02-14 | Senate | Placed on Senate State and Local Government Committee calendar for 2/21/2023 |
| 2023-02-06 | Senate | Passed on Second Consideration, refer to Senate State and Local Government Committee |
| 2023-02-02 | Senate | Introduced, Passed on First Consideration |
| 2023-01-31 | Senate | Filed for introduction |
Same As/Similar To
HB0884 (Crossfiled) 2023-04-18 - Comp. became Pub. Ch. 132
