Tenn. Comp. R. & Regs. 1700-03-01-.12
Current through January 8, 2025
T.C.A. § 8-36-603 allows a retired member who did not elect an option to do so after retirement in favor of a beneficiary. If the retiree originally selected the regular plan or social security leveling, he may change from such plan to an optional form of retirement (Options I-IV) by making a payment equal to the difference in benefits received and the optional plan. However, a retiree cannot change from the regular or maximum plan to social security leveling.
Tenn. Comp. R. & Regs. 1700-03-01-.12
Authority: T.C.A. § 8-34-313.