Tennessee · 114th Regular Session (2025-2026) · Bill

HB 463: 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.

In committee Last action April 9, 2025: Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025

Plain-language summary

HB 463 is a bill introduced in the Tennessee House on January 28, 2025. According to its official title, it concerns: 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. Primary sponsor: Ron Travis (Republican). Most recent recorded action (April 9, 2025): Placed on s/c cal Finance, Ways, and Means Subcommittee for 4/14/2025.

Sponsors

Primary sponsor: Ron Travis (Republican).