Pensions and Retirement Benefits - As enacted, authorizes, after July 1, 2025, a political subdivision to adopt a supplemental bridge benefit for members who are in positions covered by mandatory retirement provisions; makes related changes relative to supplemental bridge benefits. - Amends TCA Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.

HB 977 allows Tennessee local governments (like cities and counties) to create supplemental bridge benefits for employees in jobs with mandatory retirement rules (such as police or fire positions) after July 1, 2025. These benefits would provide temporary income to help workers transition to full retirement benefits. The bill also modifies a retirement law provision to let governing boards set the frequency of benefit adjustments instead of requiring them annually. This gives local governments more flexibility in managing retirement programs for affected employees.