General Assembly - As introduced, requires the board of trustees of the Tennessee consolidated retirement system to convert a person's participation in the retirement system, for service as a member of the general assembly and as a participant in the hybrid plan, from the hybrid plan to the legacy plan upon the person completing 10 years of service as a member of the general assembly if the person became a member of the general assembly on or after July 1, 2014. - Amends TCA Title 3; Title 8, Chapter 34; Title 8, Chapter 35 and Title 8, Chapter 36.

SB 1416 requires Tennessee legislators who joined the General Assembly on or after July 1, 2014, to automatically switch from the hybrid retirement plan to the legacy retirement plan after completing 10 years of service as a legislator. The bill mandates the retirement system's board to handle this conversion and notify members in writing afterward. It also requires the Office of Legislative Administration to alert the board when a legislator reaches the 10-year milestone. This change applies only to legislative service, not other state employment, and affects no other public employees. The bill was passed in committee but ultimately failed in the Senate State and Local Government Committee.