House Bill 2208, also known as Senate Bill 2267, amends Tennessee Code Annotated, Section 8-27-801, specifically regarding the definition of "Trustees" for other post-employment benefits. The bill deletes the existing subdivision (3) and replaces it with a new definition that specifies the composition of the trustees. The new definition includes the commissioner of finance and administration or their designee, the chair of the finance, ways and means committee of the senate or their designee, the chair of the house committee with jurisdiction over finance matters or their designee, and the chair of the board of trustees for the Tennessee consolidated retirement system or their designee.
This legislation aims to clarify the roles and responsibilities of the trustees overseeing post-employment benefits, ensuring that designated officials are accountable for managing these benefits effectively. The act is set to take effect immediately upon becoming law, emphasizing the importance of timely implementation for the public welfare.
Statutes affected: Introduced: 8-27-801(3), 8-27-801