Tennessee 2025-2026 Regular Session

Tennessee Senate Bill SB2192

Caption

AN ACT to amend Tennessee Code Annotated, Section 8-36-916, relative to retirement benefits.

Impact

The proposed changes aim to enhance retirement benefits for long-serving members of the general assembly, potentially improving retention rates among legislators. By increasing the employer contribution for members who have made a significant commitment to public service, the bill seeks to recognize and reward their tenure and experience. This shift in contribution structure could also influence the dynamics of legislative service, encouraging lawmakers to remain longer in their positions, thereby fostering continuity in governance.

Summary

Senate Bill 2192, introduced by Senator Watson, proposes amendments to Tennessee Code Annotated, specifically Section 8-36-916, which governs retirement benefits for members of the general assembly. The bill changes the employer contribution rate to the retirement plan for sitting members who have served at least ten years under the hybrid plan. The amendment specifies that the employer contribution for such members will be increased from five percent (5%) to ten percent (10%) of the member's salary, effective for those in office on or after November 3, 2026.

Contention

Discussions surrounding SB2192 may involve debates on the appropriateness of increasing retirement benefits for public officials, especially in times of fiscal responsibility and budget considerations. Critics of the bill might argue that such increases place additional financial burdens on taxpayers, while supporters could emphasize the importance of retaining experienced legislators as a means to maintain effective governance. The discourse might also highlight broader themes of public service reward and the perception of governmental entitlements.

Companion Bills

TN HB2117

Crossfiled AN ACT to amend Tennessee Code Annotated, Section 8-36-916, relative to retirement benefits.

Previously Filed As

TN HB2117

AN ACT to amend Tennessee Code Annotated, Section 8-36-916, relative to retirement benefits.

TN SB0251

AN ACT to amend Tennessee Code Annotated, Section 8-25-213 and Title 8, Chapter 36, Part 8, relative to reemployment after retirement.

TN HB0313

AN ACT to amend Tennessee Code Annotated, Section 8-25-213 and Title 8, Chapter 36, Part 8, relative to reemployment after retirement.

TN HB1296

AN ACT to amend Tennessee Code Annotated, Section 8-36-701, relative to cost-of-living adjustments for beneficiaries of the retirement system.

TN SB1157

AN ACT to amend Tennessee Code Annotated, Section 8-36-701, relative to cost-of-living adjustments for beneficiaries of the retirement system.

TN HB0535

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement.

TN SB0510

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 25; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement.

TN HB1910

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7 and Title 8, relative to retirement benefits for state public safety officers.

TN SB2058

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7 and Title 8, relative to retirement benefits for state public safety officers.

TN SB2329

AN ACT to amend Tennessee Code Annotated, Section 8-23-103; Title 16 and Title 67, relative to courts.

Similar Bills

No similar bills found.