Tennessee § 49-5-904 Maximum annuity - Contribution rates

Tennessee Statutes

§ 49-5-904 — Maximum annuity - Contribution rates

Tennessee § 49-5-904

Title49

This text of Tennessee § 49-5-904 (Maximum annuity - Contribution rates) 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. § 49-5-904 (2026).

Text

(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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(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.