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Pensions committee recommends against bill to expand military buy‑in for retirement credit
Summary
The Council on Pensions voted 10-1 to recommend against House Bill 756 / Senate Bill 966, which would remove the end date for permissive peacetime military service buy‑in to Tennessee Consolidated Retirement System (TCRS) at a 9% cost to members and increase projected pension liabilities.
The Council on Pensions voted 10-1 on March 10 to recommend against passage of House Bill 756 / Senate Bill 966, which would remove the end date on peacetime military service that members may buy into the Tennessee Consolidated Retirement System (TCRS).
Sponsor Chairman Faison told the committee the bill is grounded in equal‑protection concerns under the Fourteenth Amendment and would allow members to “buy up to 4 years of additional retirement” for U.S. military service. Department of Treasury staff member Mister Weyman told the panel the…
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