Tennessee House Bill 2907 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 6 2012 - 100% progression
Action: 2012-02-06 - Withdrawn.
Text: Latest bill text (Draft #1) [PDF]

As introduced, effective July 1, 2012, creates a new defined contribution plan as a mandatory retirement package for newly hired state employees; closes existing defined-benefit pension plan to newly hired state employees; requires state agencies to contribute no less than 6 percent and up to 15 percent of a participating employee's salary to an individual account and contribute a certain rate to the defined benefits plan in order to cover the plan's unfunded liabilities. - Amends TCA Title 8, Chapter 25, Part 1; Title 8, Chapter 25, Part 3; Title 8, Chapter 34; Title 8, Chapter 36 and Title 8, Chapter 37.

As introduced, effective July 1, 2012, creates a new defined contribution plan as a mandatory retirement package for newly hired state employees; closes existing defined-benefit pension plan to newly hired state employees; requires state agencies to contribute no less than 6 percent and up to 15 percent of a participating employee's salary to an individual account and contribute a certain rate to the defined benefits plan in order to cover the plan's unfunded liabilities. - Amends TCA Title 8, Chapter 25, Part 1; Title 8, Chapter 25, Part 3; Title 8, Chapter 34; Title 8, Chapter 36 and Title 8, Chapter 37.

Sen. Mark Pody [R]

Date	Chamber	Action
2012-02-06		Withdrawn.
2012-01-31		Assigned to s/c S&LG Subcommittee
2012-01-26		P2C, ref. to State & Local Government Committee--Government Operations for review--Finance
2012-01-25		Intro., P1C.
2012-01-23		Filed for intro.

SB2171 (Crossfiled) 2012-01-12 - P2C, ref. to S. FW&M Comm.

Type	Source
Summary	https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB2907&ga=107
Text	https://www.capitol.tn.gov/Bills/107/Bill/HB2907.pdf