Pensions and Retirement Benefits - As introduced, requires the board of trustees of the Tennessee consolidated retirement system to convert a person's participation in the retirement system, for service as a member of the general assembly and as a participant in the hybrid plan, from the hybrid plan to the legacy plan upon the person completing 10 years of service as a member of the general assembly if the person became a member of the general assembly on or after July 1, 2014; requires retiree health benefit coverage be made available to retired members of the general assembly with 10 or more years of service. - Amends TCA Title 3; Title 8, Chapter 27, Part 2; Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.
SB 722 changes retirement benefits for Tennessee General Assembly members who joined on or after July 1, 2014. It requires the retirement board to automatically switch their coverage from a hybrid retirement plan to a legacy plan after they complete 10 years of service. The bill also mandates that retired legislators with 10 or more years of service receive retiree health coverage starting July 1, 2024. These changes apply to current and future legislators meeting the service and start-date criteria, with the law taking effect July 1, 2025.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2025
Last action Apr 2, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
3
Committee
5
Apr 2, 2025
Committee
Assigned to General Subcommittee of Senate State & Local Gov't. Committee
lower
Apr 1, 2025
Lower · Passed
Action deferred in Senate State and Local Government Committee to 4/2/2025
lower
Apr 1, 2025
Lower · Passed
Placed on Senate State and Local Government Committee calendar for 4/2/2025
lower
Mar 26, 2025
Lower · Passed
Placed on Senate State and Local Government Committee calendar for 4/1/2025
lower
Feb 12, 2025
Committee
Passed on Second Consideration, refer to Senate State and Local Government Committee
upper
Feb 10, 2025
Introduced
Introduced, Passed on First Consideration
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Tom Hatcher
RRepublican
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