Tennessee Statutes

§ 49-1538 — Crediting of interest and dividends

Tennessee § 49-1538

This text of Tennessee § 49-1538 (Crediting of interest and dividends) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 49-1538 (2026).

Text

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
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Bluebook (online)
Tennessee § 49-1538, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/49-1538.