Senate Bill 2018 and House Bill 1907 propose amendments to various sections of the Tennessee Code Annotated related to retirement and the handling of subpoenas for records from deferred compensation plans and retirement systems. The bill introduces new provisions regarding the compliance process for subpoenas duces tecum served on entities administering deferred compensation plans and employees of retirement systems. Specifically, it establishes that these entities must file a true and correct copy of the requested records within fourteen days, accompanied by an affidavit from a custodian of records. The bill also clarifies that the personal attendance of the custodian can only be required in cases of good faith disputes regarding the accuracy of the information provided.

Additionally, the bill modifies the rules surrounding monthly benefit payments upon the death of a payee, ensuring that payments cease in the month of death unless otherwise specified. It also introduces a new section addressing the treatment of members returning to temporary reemployment who did not have a bona fide separation of service, mandating that they be treated as receiving an in-service distribution if such a situation is discovered. The bill aims to streamline the process for handling subpoenas and clarify the conditions under which retirement benefits are paid or suspended.

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