Pensions and Retirement Benefits - As enacted, enacts the "Fairness in Benefits Act." - Amends TCA Title 8, Chapter 27; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37.

SB 8, the "Fairness in Benefits Act," requires Tennessee public employers participating in the state retirement system to allow private retirement plan providers to share information about their alternative retirement plans with employees during non-work hours. The bill ensures these private plans must be functional equivalents of IRS-qualified plans (like 401(k)s) to protect employee choices. It directly affects public employers and their employees by expanding access to private retirement options alongside the state system. The law aims to increase retirement planning flexibility without altering existing state retirement benefits.