House Bill 977 amends Tennessee Code Annotated regarding retirement provisions. Specifically, it modifies Section 8-36-823 by deleting the term "annually" and replacing it with "annually, or at such other intervals as may be set by the board." This change allows for greater flexibility in the timing of retirement-related actions as determined by the governing board.
The bill is set to take effect immediately upon becoming law, emphasizing the importance of the changes for public welfare. This legislative adjustment aims to enhance the management of retirement processes within the state.
Statutes affected: Introduced: 8-36-823