§ 3-9-203. Report on Status of Retirement Plan
Upon the request of the council on pensions and insurance, the chief executive officer or the plan administrator shall file a report on the actuarial and financial status of the retirement plan in effect for employees of the local government unit. The report shall be on such forms as may be prescribed by the secretary […]
§ 3-9-204. Contents of Report
The report as specified in § 3-9-203 shall include the following: The most recent actuarial valuation of the system conducted by a professionally qualified actuary; Year-end financial statements, including the auditor’s statement, when available; and Publications by the plan’s administrator to the members and/or other interested parties.
§ 3-9-102. Powers and Duties
The council is authorized to establish its own rules, regulations and procedures and directed to: Develop, establish and recommend pension and insurance standards and a coherent state policy on pensions and insurance, grounded in progressive and fundamental principles; Continuously survey pension and insurance developments in other governments, in industry and business and periodically reappraise the […]
§ 3-9-103. Review of Pension and Retirement System Bills
Whenever any bill is introduced in the general assembly proposing to establish a new pension system or to make any change in an existing system, or to make any change in the law which may have a financial impact on the Tennessee consolidated retirement system, the bill shall be referred to the council and to […]
§ 3-9-104. Bills Establishing or Changing Insurance Programs
Whenever any bill is introduced in the general assembly proposing to establish a new insurance program, or to make any change in any existing program, the bill shall be referred to the council and to a standing committee; provided, that no action shall be taken on the bill by the standing committee until the council […]
§ 3-9-201. Short Title
This part may be cited as the “Tennessee Public Pension Review Act.”
§ 3-9-202. “Local Government Retirement Plan” Defined
For the purposes of this part, “local government retirement plan” means any retirement plan of any county, municipality, school district, utility district, development district, or any other subdivision of the state which operates a public retirement plan for its employees for which the governmental unit has liability.
§ 3-9-101. Creation — Membership
There is hereby created a council on pensions and insurance to be composed of the following members, ex officio: The speaker of the senate; The speaker of the house of representatives; The chair, chair emeritus and first vice chair of the committee on finance, ways and means of the senate; provided, that, if the office […]