TennesseeHB 0550114th General Assembly (2025-2026)House

AN ACT to amend Tennessee Code Annotated, Title 8, Chapter 27; Title 8, Chapter 34; Title 8, Chapter 35; Title 8, Chapter 36 and Title 8, Chapter 37, relative to retirement planning.

Sponsored By: Sponsor information unavailable

Signed by Governor

Pensions and Retirement Benefits

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Public workers gain private retirement plan information

Employers in the Tennessee Consolidated Retirement System must allow private providers to share information about alternative retirement plans and life contracts. Providers must share this information on the employer’s premises, outside employees’ official duty hours, through direct contact with their representatives. Alternative plans must be functionally equivalent to qualified retirement plans, including 401(a), 401(k), 403(a), 403(b), 408(k), 408(p), or 457(b) plans. Employees do not have to enroll, and employers do not have to endorse the plans. The law does not change existing retirement benefits, contributions, or costs. These rules took effect when the act became law.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 242 • No: 0

House vote • 4/16/2025

FLOOR VOTE: MESSAGE CALENDAR CONCUR IN SENATE AMENDMENT # 1 4/16/2025

Yes: 89 • No: 0

Senate vote • 4/14/2025

FLOOR VOTE: as Amended Third Consideration 4/14/2025

Yes: 32 • No: 0

House vote • 3/31/2025

HOUSE CALENDAR & RULES COMMITTEE

Yes: 0 • No: 0

House vote • 3/31/2025

FLOOR VOTE: CONSENT CALENDAR PASSAGE ON THIRD CONSIDERATION 3/31/2025

Yes: 93 • No: 0

House vote • 3/26/2025

HOUSE STATE & LOCAL GOVERNMENT COMMITTEE

Yes: 22 • No: 0

House vote • 3/19/2025

HOUSE PUBLIC SERVICE SUBCOMMITTEE

Yes: 6 • No: 0

Actions Timeline

  1. Effective date(s) 05/02/2025

    5/8/2025
  2. Pub. Ch. 341

    5/8/2025
  3. Signed by Governor.

    5/2/2025
  4. Transmitted to Governor for his action.

    4/22/2025House
  5. Signed by Senate Speaker

    4/22/2025Senate
  6. Signed by H. Speaker

    4/22/2025House
  7. Enrolled; ready for sig. of H. Speaker.

    4/17/2025House
  8. H. concurred in S. am. no. 1 Ayes 89, Nays 0 PNV 0 HB0550

    4/16/2025House
  9. H. Placed on Message Calendar 4/16/2025

    4/15/2025House
  10. Passed Senate as amended, Ayes 32, Nays 0

    4/14/2025Senate
  11. Senate adopted Amendment (Amendment 1 - SA0322)

    4/14/2025Senate
  12. Senate substituted House Bill for companion Senate Bill.

    4/14/2025Senate
  13. Received from House, Passed on First Consideration

    4/3/2025Senate
  14. Engrossed; ready for transmission to Sen.

    4/1/2025House
  15. Passed H., Ayes 93, Nays 0, PNV 2

    3/31/2025House
  16. H. Placed on Consent Calendar for 3/31/2025

    3/27/2025House
  17. Placed on cal. Calendar & Rules Committee for 3/27/2025

    3/26/2025House
  18. Rec. for pass; ref to Calendar & Rules Committee

    3/26/2025House
  19. Placed on cal. State & Local Government Committee for 3/26/2025

    3/19/2025House
  20. Rec. for pass by s/c ref. to State & Local Government Committee

    3/19/2025House
  21. Placed on s/c cal Public Service Subcommittee for 3/19/2025

    3/13/2025House
  22. Assigned to s/c Public Service Subcommittee

    2/5/2025House
  23. P2C, ref. to State & Local Government Committee

    2/5/2025House
  24. Intro., P1C.

    2/3/2025House
  25. Filed for introduction

    1/29/2025House

Bill Text

  • Enrolled / Public Chapter

  • Fiscal Note

  • Introduced

  • SA0322

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