Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Legislative Actions topic
No spam. Unsubscribe anytime.
Councils' votes: two retirement bills recommended against, third item not reached
Summary
At its Feb. 23 meeting the Council on Pensions recommended against HB 2,117/SB 2,192 (6–5) and HB 14,47/SB 2,397 (9–2); the third item was not considered and the meeting adjourned.
The Council on Pensions considered two retirement-related bills at its Feb. 23 meeting and recorded formal committee recommendations on both.
For House Bill 2,117 / Senate Bill 2,192 (proposal to allow members with 10 years' service to retain insurance and to increase employer retirement contributions for eligible members) the committee voted to recommend against passage by voice/recorded vote, 6 ayes to 5 noes.
For House Bill 14,47 / Senate Bill 2,397 (the Tennessee Retirement Savings Plan Act proposing a state-facilitated auto-enroll Roth IRA structure for private-sector employees) the committee voted to recommend against passage by recorded vote, 9 ayes to 2 noes. The department presented design details and a phased implementation timeline (2029–2031) during the hearing.
The third item on the calendar, House Bill 18 29 / Senate Bill 2,626, was introduced by the chair but neither sponsor was present, so the committee did not take it up and adjourned.
