Statutes, codes, and regulations
Tennessee Code
Title 8 - PUBLIC OFFICERS AND EMPLOYEESAppendix - SUPERSEDED RETIREMENT SYSTEMS
STATE TEACHERS' RETIREMENT SYSTEM
Section 49-1538 - Crediting of interest and dividends

Tenn. Code § 49-1538

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Current through Acts 2023-2024, ch. 1069
Section 49-1538 - Crediting of interest and dividends

All interest and dividends earned on the funds of the retirement system shall be credited to the accumulation account. Once each year the board of trustees shall transfer from the accumulation account to the members' contributions account an amount sufficient to allow regular interest on the balance of the individual accounts of teachers.

T.C.A. § 49-1538

Acts 1945, ch. 29, § 8; 1947, ch. 112, § 1; C. Supp. 1950, § 2540.8 (Williams, § 2524.8); Acts 1961, ch. 62, § 17; 1971, ch. 152, § 15.