Tennessee Statutes
§ 49-1538 — Crediting of interest and dividends
Tennessee·Title 8
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.
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Legislative History
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.
Nearby Sections
15
§ 49-1-1001
Short title§ 49-1-1002
Guidelines and standards - Requirements§ 49-1-1004
§ 49-1-1004§ 49-1-1006
§ 49-1-1006§ 49-1-1007
Report - Publication§ 49-1-1008
§ 49-1-1008§ 49-1-101
System established§ 49-1-102
Administration generally§ 49-1-103
Title definitions§ 49-1-106
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