Pensions and Retirement Benefits - As introduced, enacts the "Supporting Troopers though Advanced Retirement (STAR) Act"; authorizes current state troopers to elect to participate in an alternative defined benefit retirement plan that offers enhanced benefits; authorizes state troopers participating in the alternative plan to elect to defer retirement and continue working full-time for up to eight years while their retirement benefits are deposited into an interest-bearing account until they elect to retire. - Amends TCA Title 4, Chapter 7 and Title 8.

SB 2058, the "Supporting Troopers through Advanced Retirement (STAR) Act," creates an optional retirement plan for Tennessee state troopers. It allows current troopers to switch to this enhanced defined benefit plan, requiring a one-time 5% contribution for those leaving the legacy plan (no fee for hybrid plan members), with ongoing 5% monthly contributions. Troopers earn benefits equal to 3% of their average final salary per year of service, reaching a maximum 75% benefit at 25 years of service. Eligible troopers can also defer retirement to keep working full-time for up to eight years while their retirement benefits accumulate in an interest-bearing account.