2014 Tennessee Code
Title 8 - Public Officers And Employees
Chapter 36 - Retirement Benefits
Part 3 - Early Service Retirement
§ 8-36-302 - Eligibility and computation of allowances.
(a) Notwithstanding any provisions to the contrary, beginning on November 1, 1982, any:
(1) General employee;
(2) Firefighter or police officer of a participating political subdivision;
(3) Teacher; or
(4) Member of a local retirement system who is not eligible for social security coverage, based upon such member's employment;
shall be eligible for early service retirement upon the completion of ten (10) years of membership service in a position covered by this system, a superseded system or a local retirement system.
(b) The retirement allowance, as provided under this section, shall be computed as a service retirement allowance and reduced by the greater of:
(1) Four tenths of one percent (0.4%) for each month by which the date of early service retirement precedes the service retirement date; or
(2) An actuarial equivalent of the retirement allowance.
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