Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2012-01-12 - P2C, ref. to S. FW&M Comm. [SB2171 Detail]

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Note: Tennessee does not provide sufficient information to determine typical named revision of bills. Therefore only drafts are captured, the highest order draft will always be the current version.

Bill Drafts

Revision	Date	Format	Source	View
Draft (#1)	2011-12-22	PDF	Link	View (#1)

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Tennessee SB2171

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Tennessee SB2171 currently on file.

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