House Bill 1907 and Senate Bill 2018 propose amendments to various sections of the Tennessee Code Annotated concerning retirement and the handling of subpoenas related to deferred compensation plans and retirement systems. The bills establish that when a subpoena duces tecum is served on entities administering deferred compensation plans or employees of retirement systems, they must comply by filing a true and correct copy of the requested records within fourteen days. This compliance can be achieved through various means, including personal delivery, certified mail, or electronic transmission. Additionally, the records must be accompanied by an affidavit from a custodian affirming their authenticity, and if the custodian has no records or only partial records, this must also be stated in the affidavit.

The bills also clarify that monthly benefit payments will cease upon the death of the payee, with specific provisions for retired members and beneficiaries. Furthermore, a new section is added to address members returning to temporary reemployment, stipulating that if it is discovered that a member did not have a bona fide separation of service, they will be treated as receiving an in-service distribution. The retirement system is required to make necessary tax reporting changes in such cases. Overall, these amendments aim to streamline the process of record compliance in legal proceedings and clarify the conditions under which retirement benefits are administered.

Statutes affected:
Introduced: 8-25-110, 8-34-210, 8-36-117(b), 8-36-117, 8-36-805(b), 8-36-805