AN ACT to amend Tennessee Code Annotated, Title 4 and Title 8, relative to retirement benefits.
Summary
SB2527 makes a narrow change to Tennessee’s retirement-benefit reporting requirements. The bill amends Tennessee Code Annotated § 8-37-309 to require that a specified certification be included in the board of trustees’ annual report published under § 8-34-316. In practical terms, it adds a reporting and disclosure obligation tied to the annual report process for retirement system governance.
The bill does not appear to change benefit formulas, eligibility rules, contribution rates, or retirement plan administration more broadly. Instead, it focuses on documentation and transparency within the existing retirement system framework, and it takes effect immediately upon becoming law.
Impact
The bill would amend Title 8 of the Tennessee Code Annotated by adding a reporting requirement to § 8-37-309, with a cross-reference to the annual report requirement in § 8-34-316. The affected parties are the board of trustees and the retirement system officials responsible for preparing annual reports and certifications. Because the change is procedural rather than substantive, its legal impact is limited to how retirement-related certifications are documented and disclosed in annual reporting.
Sentiment
No committee transcripts or recorded votes were provided, so there is no direct evidence of debate, support, or opposition. Based on the text alone, the bill appears administrative and low-conflict, with a likely neutral or routine reception because it concerns reporting compliance rather than benefit reductions or expansions.
Contention
No specific points of contention are documented in the available materials. If any concerns were raised, they would most likely relate to administrative burden, reporting accuracy, or whether the added certification requirement duplicates existing oversight duties. However, the record provided does not identify any legislators, agencies, or stakeholder groups taking a formal position.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 10; Title 53; Title 56; Title 63; Title 68 and Title 71, relative to pharmacy benefits.
AN ACT to amend Tennessee Code Annotated, Title 4; Title 8; Title 10; Title 53; Title 56; Title 63; Title 68 and Title 71, relative to pharmacy benefits.