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Commission considers $400 actuarial study to evaluate hazardous-duty retirement supplement under TCRS
Summary
City staff sought commission authorization to commission a $400 actuarial study required by the Tennessee Consolidated Retirement System (TCRS) to assess the cost of offering a hazardous-duty supplemental retirement benefit to eligible public safety officers; study results and timing were not yet available.
City staff asked the commission to authorize a $400 actuarial study required by the Tennessee Consolidated Retirement System (TCRS) to determine the fiscal impact of offering a hazardous-duty supplemental retirement benefit for eligible public safety officers.
Director Perry explained the proposed benefit would provide a supplemental payment to eligible retirees among law enforcement officers, correctional officers and…
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