Tennessee Code 8-3429 – Employees’ fund
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Terms Used In Tennessee Code 8-3429
- Accumulated contributions: means the sum of all the amounts deducted from the compensation of a member, together with any amount transferred to the account of the member established pursuant to chapters 34-37 of this title from the respective account of the member under one (1) or more of the superseded systems, with interest thereon, as provided in §. 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
- Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
- Service: means service as a general employee, a teacher, a state police officer, a wildlife officer, a firefighter, a police officer, a state judge, a county judge, an attorney general, a commissioner or a county official which is paid for by an employer, and also includes service for which a former member of the general assembly is entitled to under former §. See Tennessee Code 8-34-101
After the time mentioned in § 8-3452, the employees’ fund shall be a fund to which shall be credited all contributions made by members and from which shall be paid the members’ contributions with interest upon separation from service prior to retirement. Upon retirement the amount of the member‘s accumulated contributions plus interest shall be transferred to the accumulation fund.