States / Tennessee / SB 1157

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