Pensions and Retirement Benefits - As introduced, enacts the "Tennessee Retirement Savings Plan Act." - Amends TCA Title 4; Title 8; Title 9 and Title 50.

HB 17, the "Tennessee Retirement Savings Plan Act," would create a state-run retirement savings program for Tennessee workers. It establishes a Tennessee Retirement Savings Board to develop a voluntary defined contribution plan, allowing residents employed in Tennessee to save for retirement through payroll deductions. The board, appointed by the governor and legislature, would set investment rules, manage fees, and administer the plan through the state treasury. This plan would directly affect employed Tennessee residents who choose to participate, offering a new retirement savings option alongside existing employer-sponsored plans.