Senate Bill 2192, also known as House Bill 2117, amends Tennessee Code Annotated, Section 8-36-916, concerning retirement benefits for members of the general assembly. The bill modifies the employer contribution rate to the retirement plan by deleting the existing third sentence in subsection (c)(1) and replacing it with new language. The revised provision states that the employer contribution must be five percent (5%) of an employee's salary, but for sitting members of the general assembly who have at least ten (10) years of creditable service in the hybrid plan, the contribution will increase to ten percent (10%) of their salary, effective on or after November 3, 2026.

The act is set to take effect upon becoming law, emphasizing the public welfare, and it specifically applies to members of the general assembly who are in office on or after the specified date. This change aims to enhance retirement benefits for long-serving members of the general assembly, reflecting a commitment to support those who have dedicated significant time to public service.

Statutes affected:
Introduced: 8-36-916(c)(1), 8-36-916