SB1647 — Pensions and Retirement Benefits - As enacted, requires that certain pension stabilization reserve trusts for state employees and teachers be used exclusively for participants and beneficiaries of the retirement plans; makes other related revisions. - Amends TCA Title 9, Chapter 4, Part 10; Title 9, Chapter 4, Part 11 and Title 9, Chapter 4, Part 12.

SB1647 — Pensions and Retirement Benefits - As enacted, requires that certain pension stabilization reserve trusts for state employees and teachers be used exclusively for participants and beneficiaries of the retirement plans; makes other related revisions. - Amends TCA Title 9, Chapter 4, Part 10; Title 9, Chapter 4, Part 11 and Title 9, Chapter 4, Part 12. · Informed CitizenrySB1647 amends Tennessee Code regarding pension stabilization reserve trusts for state employees and teachers. The bill mandates that these trust funds are irrevocable trusts to be used exclusively…Open in Informed Citizenry