Tennessee Code 8-37-101 – Assets of system held in two funds
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Terms Used In Tennessee Code 8-37-101
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
- State: means the state of Tennessee. See Tennessee Code 8-34-101
All of the assets of the retirement system shall be credited, according to the purpose for which they are held, between two (2) funds, namely, the members’ fund and the state accumulation fund.