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 sponsors recorded.