2025-2026 Regular Session • Tennessee Legislature
HB1296: AN ACT to amend Tennessee Code Annotated, Section 8-36-701, relative to cost-of-living adjustments for beneficiaries of the retirement system.
Legislative Summary
As introduced, allows a retirement allowance increase equal to the percentage increase in the consumer price index if there is an over-collection of state tax revenue; requires this allowance increase to be used instead of the allowance increase in present law, which cannot exceed 3 percent. - Amends TCA Section 8-36-701.
Demographic Impact
Overall analysis of equity impact
90% Positive
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Bill History
2/6/2025
Filed for introduction
House of Representatives
2/10/2025
Intro., P1C.
House of Representatives
2/12/2025
P2C, ref. to State & Local Government Committee
House of Representatives
2/12/2025
Assigned to s/c Public Service Subcommittee
House of Representatives
3/12/2025
Placed on s/c cal Public Service Subcommittee for 3/19/2025
House of Representatives
3/19/2025
Failed in s/c Public Service Subcommittee of State & Local Government Committee
House of Representatives
Roll Call Votes
HOUSE PUBLIC SERVICE SUBCOMMITTEE: Failed in s/c Public Service Subcommittee of State & Local Government Committee
3/19/2025
1
Yea
4
Nay
1
Not Voting
0
Absent
Result: FAILED
Status Information
Current Status
Failed(3/19/2025)
Chamber
House of Representatives
Sponsors
Democrat: 1
Primary Sponsor
Jason Powell
Democrat