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
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HOUSE BILL 1296

By Powell

SENATE BILL 1157

By Kyle

AN ACT to amend Tennessee Code Annotated, Section 8-

36-701, relative to cost-of-living adjustments for

beneficiaries of the retirement system.

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