Tenn. Code § 8-3430

Current through Acts 2023-2024, ch. 1069
Section 8-3430 - Commencement of deductions

Any employee who qualifies for membership in the retirement system under §§ 8-3410, 8-3412, and 8-3413 may elect, on or after July 1, 1947, to become a member of the system, at which time payroll deductions shall begin, such contributions to be credited to such member's account. Anything in §§ 8-3429 - 8-3437, to the contrary notwithstanding, on or after July 1, 1961, the rate of contribution of any member who is a commissioned member of the department of safety shall be eleven and seventy-three hundredths per cent (11.73%) of such member's compensation.

T.C.A. § 8-3430

Acts 1947, ch. 231, § 15; C. Supp. 1950, § 1034.79 (Williams, § 1034.51); modified; Acts 1955, ch. 192, § 7; 1961, ch. 341, § 1.