(a) The retirement system shall honor claims under a qualified domestic relations order at a time designated by the state treasurer.

Terms Used In Tennessee Code 8-36-128

  • Internal Revenue Code: means the Internal Revenue Code of 1986, codified in United States Code, title 26, as amended. See Tennessee Code 8-34-101
  • Member: means any person included in the membership of the retirement system, as provided in chapter 35, part 1 of this title. See Tennessee Code 8-34-101
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
  • Retirement system: means the Tennessee consolidated retirement system as defined in §. See Tennessee Code 8-34-101
  • State: means the state of Tennessee. See Tennessee Code 8-34-101
(b) For purposes of this section, “qualified domestic relations order” has the same meaning as provided in § 414(p) of the Internal Revenue Code of 1986 ( 26 U.S.C. § 414(p) ); provided, that such order may only relate to the provision of marital property rights relating to the retirement system for the benefit of the retirement system member‘s former spouse.