46 chapters · 1,301 sections in this title.
Tenn. Code Ann. § 8-35-253 Additional plan options for political subdivisions to participate in the retirement system
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(a) For purposes of §§ 8-35-253 – 8-35-256, “political subdivision” means any entity authorized to participate in the retirement system pursuant to this part. (b) Sections 8-35-253 – 8-35-256 are not applicable to:(1) State officials, including legislative officials elected by th…
Tenn. Code Ann. § 8-35-254 Continuation of prior retirement system — Employee contributions for new employees
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(a) A political subdivision participating in the retirement system prior to July 1, 2012, may continue to do so under the terms and conditions in effect on July 1, 2012, without taking any additional action. (b) Notwithstanding any other law to the contrary and only as it applies…
Tenn. Code Ann. § 8-35-255 Establishment of alternative defined benefit plan
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(a) There is established an alternate defined benefit plan that shall offer a service retirement allowance of one and four-tenths percent (1.4%) of the member's average final compensation, multiplied by the number of years of creditable service. (b) A political subdivision may, b…
Tenn. Code Ann. § 8-35-256 Establishment of hybrid plan which consists of defined benefit plan with a defined contribution plan
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(a) (1) There is established a hybrid plan which consists of a defined benefit plan with a defined contribution plan. The defined benefit plan shall offer a service retirement allowance of one percent (1.0%) of the member's average final compensation, multiplied by the number of …