Pensions and Retirement Benefits - As enacted, allows a person returning to service on other than a full-time basis in a position covered by the optional retirement program for higher education institutions to take or continue taking distributions from the optional retirement program during the period of reemployment under certain conditions. - Amends TCA Section 8-25-213.
HB0174 has been assigned Public Chapter Number 135 by the Secretary of State.
  • Bill History
  • Amendments
  • Video
  • Summary
  • Fiscal Note
  • Votes
  • Actions For HB0174Date
    Effective date(s) 04/06/202304/18/2023
    Pub. Ch. 13504/18/2023
    Signed by Governor.04/06/2023
    Transmitted to Governor for his action.03/27/2023
    Signed by Senate Speaker03/22/2023
    Signed by H. Speaker03/22/2023
    Enrolled; ready for sig. of H. Speaker.03/21/2023
    Senate substituted House Bill for companion Senate Bill.03/20/2023
    Received from House, Passed on First Consideration03/16/2023
    Engrossed; ready for transmission to Sen.03/14/2023
    Passed H., Ayes 95, Nays 0, PNV 203/13/2023
    H. Placed on Consent Calendar for 3/13/202303/09/2023
    Placed on cal. Calendar & Rules Committee for 3/9/202303/08/2023
    Rec. for pass; ref to Calendar & Rules Committee03/01/2023
    Placed on cal. State Government Committee for 3/1/202302/22/2023
    Rec. for pass by s/c ref. to State Government Committee02/21/2023
    Placed on s/c cal Public Service Subcommittee for 2/21/202302/15/2023
    Assigned to s/c Public Service Subcommittee01/24/2023
    P2C, ref. to State Government Committee01/21/2023
    Intro., P1C.01/20/2023
    Filed for introduction01/12/2023
    Actions For SB0235Date
    Comp. became Pub. Ch. 13504/18/2023
    Companion House Bill substituted03/20/2023
    Placed on Senate Consent Calendar 2 for 3/20/202303/16/2023
    Recommended for passage, refer to Senate Calendar Committee03/14/2023
    Placed on Senate State and Local Government Committee calendar for 3/14/202303/07/2023
    Action deferred in Senate State and Local Government Committee to 3/14/202303/07/2023
    Placed on Senate State and Local Government Committee calendar for 3/7/202302/28/2023
    Action deferred in Senate State and Local Government Committee to 3/7/202302/28/2023
    Placed on Senate State and Local Government Committee calendar for 2/28/202302/21/2023
    Action deferred in Senate State and Local Government Committee to 2/28/202302/21/2023
    Placed on Senate State and Local Government Committee calendar for 2/21/202302/14/2023
    Passed on Second Consideration, refer to Senate State and Local Government Committee01/21/2023
    Introduced, Passed on First Consideration01/20/2023
    Filed for introduction01/19/2023
  • No amendments for HB0174.
    No amendments for SB0235.

  • Videos containing keyword: HB0174

  • Fiscal Summary

    NOT SIGNIFICANT


    Bill Summary

    Under present law, there is an optional retirement program for employees of public institutions of higher education operated by the board of regents and the board of trustees of the University of Tennessee. Any person receiving benefits from the optional retirement program who returns to service on other than a full-time basis in a position covered by the optional program is subject to the applicable work and compensation limits as follows:

    (1) During a 12-month period, that person does not work more than 120 days, or the equivalent of 120 days; or, if employed as a teacher by an institution of higher learning, 24 quarter credit hours or 18 semester credit hours;

    (2) For temporary employment periods commencing on or after July 1, 2002, the entire compensation payable to the retired member for the work must not exceed an amount equal to the sum of 60 percent of the annual full-time salary received by the retired member in the year immediately prior to the member's last paid day of covered employment, adjusted by 5 percent for each year since the member's last paid day of covered employment or by such other percentage as may be determined by the treasurer and the commissioner of human resources. In determining such percentage for any given year, the treasurer and commissioner may consider any matter which, in their discretion, they deem relevant, including the condition of the labor market and the ability to fill the respective positions; and

    (3) As a condition of the employment, the person is not eligible for additional contributions to the person's optional retirement account, nor eligible to accrue retirement credit in the retirement system during that person's period of reemployment.

    This bill rewrites the provisions above to provide, instead, that a person returning to service on other than a full-time basis in a position covered by the optional retirement program or the Tennessee consolidated retirement system (TCRS) may take or continue taking distributions from the optional retirement program as long as the person complies with (1)-(3) above and is subject to applicable federal and state laws, rules, regulations, notices and guidances, and optional retirement program plan terms relative to distributions, including in-service distributions.

  • FiscalNote for HB0174/SB0235 filed under HB0174

  • House Floor and Committee Votes

    HB0174 by Alexander - FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/13/2023
    Passed
              Ayes...............................................95
              Noes................................................0
              Present and not voting...................2

              Representatives voting aye were: Alexander, Barrett, Baum, Boyd, Bricken, Bulso, Burkhart, Butler, Campbell S, Camper, Capley, Carr, Carringer, Cepicky, Chism, Clemmons, Cochran, Crawford, Darby, Davis, Dixie, Doggett, Eldridge, Faison, Farmer, Freeman, Fritts, Garrett, Gillespie, Glynn, Grills, Hakeem, Hale, Hardaway, Harris, Haston, Hawk, Hazlewood, Helton-Haynes, Hemmer, Hicks G, Hicks T, Holsclaw, Howell, Hulsey, Hurt, Jernigan, Johnson C, Johnson G, Jones, Keisling, Kumar, Lafferty, Lamberth, Leatherwood, Littleton, Love, Lynn, Marsh, Martin B, Martin G, McCalmon, McKenzie, Miller, Mitchell, Moody, Moon, Parkinson, Pearson, Ragan, Raper, Reedy, Richey, Rudd, Rudder, Russell, Shaw, Sherrell, Slater, Sparks, Stevens, Terry, Thompson, Todd, Towns, Travis, Vaughan, Vital, Warner, White, Whitson, Williams, Wright, Zachary, Mr. Speaker Sexton -- 95.
              Representatives present and not voting were: Beck, Powers -- 2.

              HB0174 by Alexander - HOUSE CALENDAR & RULES COMMITTEE:
    H. Placed on Consent Calendar for 3/13/2023 3/9/2023
              Voice Vote - Ayes Prevail

              HB0174 by Alexander - HOUSE STATE GOVERNMENT COMMITTEE:
    Rec. for pass; ref to Calendar & Rules Committee 3/1/2023
              Voice Vote - Ayes Prevail

              HB0174 by Alexander - HOUSE PUBLIC SERVICE SUBCOMMITTEE:
    Rec. for pass by s/c ref. to State Government Committee 2/21/2023
              Voice Vote - Ayes Prevail

    Senate Floor and Committee Votes

    Senate moved to substitute and conform to HB0174

    HB0174 by Alexander - FLOOR VOTE: Motion to Adopt 3/20/2023
    Passed
              Ayes...............................................33
              Noes................................................0

              Senators voting aye were: Akbari, Bailey, Bowling, Briggs, Campbell, Crowe, Gardenhire, Haile, Hensley, Jackson, Johnson, Kyle, Lamar, Lowe, Lundberg, Massey, Niceley, Oliver, Pody, Powers, Reeves, Roberts, Rose, Southerland, Stevens, Swann, Taylor, Walley, Watson, White, Yager, Yarbro, Mr. Speaker McNally -- 33.

    SB0235 by Walley - SENATE STATE & LOCAL GOVERNMENT COMMITTEE:
    Recommended for passage, refer to Senate Calendar Committee 3/14/2023
    Passed
              Ayes................................................9
              Noes................................................0

              Senators voting aye were: Briggs, Jackson, Kyle, Lowe, Pody, Stevens, Walley, Yager, Yarbro -- 9.