Tennessee Code 8-36-914 – Determining the retirement allowance payable to a deceased participant’s surviving spouse
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 8-36-914
- board: means the board provided for in part 3 of this chapter. See Tennessee Code 8-34-101
- Participant: means any state employee, teacher, or political subdivision employee participating in the hybrid plan. See Tennessee Code 8-36-902
- Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
- Retirement allowance: means the sum of the member annuity and the state annuity. See Tennessee Code 8-34-101
Sections 8-36-109(b)(1)(C) and 8-36-123(a)(2) shall not apply in determining the retirement allowance payable under § 8-36-109(b) or under § 8-36-123(a) to a deceased participant‘s surviving spouse, if any. Instead, the retirement allowance payable under such sections shall be reduced by an actuarially determined factor as set by the board from time to time.