SB 1157 In Committee
Pensions and Retirement Benefits - 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.
Introduced
In Committee
Floor
Crossed Over
Passed
Enacted
No summary has been published for this bill. The full text is on the Bill text tab.
- Chamber
- Senate
- Introduced
- Feb 6, 2025
- Last action
- Feb 12, 2025 — Passed on Second Consideration, refer to Senate State and Local Government Committee
- Session
- 114
- Momentum
- 27 · Low