Tennessee House Bill 1296: AN ACT to amend Tennessee Code Annotated, Section 8-36-701, relative to cost-of-living adjustments for beneficiaries of the retirement system.

Tennessee · 114 session

What it does

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.

Latest action

Failed in s/c Public Service Subcommittee of State & Local Government Committee (2025-03-19)

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