2014 Tennessee Code
Title 8 - Public Officers And Employees
Chapter 35 - Retirement--Membership
Part 4 - Optional Retirement Systems in State Institutions of Higher Education
§ 8-35-412 - Establishment of service and salary credit for contributions made to optional retirement account.
Any member of the Tennessee consolidated retirement system who participated in the optional retirement program and received a limited lump sum distribution of contributions pursuant to § 8-35-404(d)(1) shall be entitled to establish service and salary credit in the Tennessee consolidated retirement system for the period during which those contributions were made to the member's optional retirement account. To establish service, the member must pay to the Tennessee consolidated retirement system a sum equal to twelve and sixty-five hundredths percent (12.65%) of the member's earnable compensation during the period those contributions were made to the member's optional retirement account, plus interest on that amount at the rate provided in § 8-37-214.
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
