TN HB1296 | 2025-2026 | 114th General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-12 - Assigned to s/c Public Service Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-12 - Assigned to s/c Public Service Subcommittee
Text: Latest bill text (Draft #1) [PDF]
Summary
As introduced, allows a retirement allowance increase equal to the percentage increase in the consumer price index if there is an over-collection of state tax revenue; requires this allowance increase to be used instead of the allowance increase in present law, which cannot exceed 3 percent. - Amends TCA Section 8-36-701.
Title
AN ACT to amend Tennessee Code Annotated, Section 8-36-701, relative to cost-of-living adjustments for beneficiaries of the retirement system.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-12 | House | Assigned to s/c Public Service Subcommittee |
| 2025-02-12 | House | P2C, ref. to State & Local Government Committee |
| 2025-02-10 | House | Intro., P1C. |
| 2025-02-06 | House | Filed for introduction |
Same As/Similar To
SB1157 (Crossfiled) 2025-02-12 - Passed on Second Consideration, refer to Senate State and Local Government Committee
Subjects
Tennessee State Sources
| Type | Source |
|---|---|
| Summary | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1296&ga=114 |
| Text | https://www.capitol.tn.gov/Bills/114/Bill/HB1296.pdf |
