Tennessee Statutes
§ 49-5-904 — Maximum annuity - Contribution rates
Tennessee·Title 49
(a)No pension or annuity shall be provided exceeding three-fourths (3/4) of the salary paid the teacher at the time of retirement, and in no event shall it exceed the sum of six hundred dollars ($600) per annum.
(b)The maximum assessment on any teacher coming under the operation of this part shall not exceed two and one-half percent (2.5%) per annum of the salary agreed to be paid the teacher, and a minimum of one percent (1%) per annum.
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Legislative History
Acts 1917, ch. 76, § 3; Shan., § 1469b3 (p. 6544); Shan. Supp., § 1469a3; Code 1932, § 2527; T.C.A. (orig. ed.), § 49-1604.
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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