Tennessee § 8-3455 Employer contributions - Minimum actuarial level - Annual rate increase to maintain - State comptroller reports

Tennessee Statutes

§ 8-3455 — Employer contributions - Minimum actuarial level - Annual rate increase to maintain - State comptroller reports

Tennessee § 8-3455

Title8

This text of Tennessee § 8-3455 (Employer contributions - Minimum actuarial level - Annual rate increase to maintain - State comptroller reports) 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. § 8-3455 (2026).

Text

(A)Employer contributions to a retirement system which is at least at the minimum actuarial level shall be maintained at least at that level. Employer contributions to a retirement system which is not at least at minimum actuarial level shall be increased from year to year by increasing the rate at which annual employer contributions are determined by at least five per cent (5%) each year until the system reaches minimum actuarial level.

(B)The state comptroller shall, on the basis of the reports submitted in accordance with § 8-3454 and assisted by an accredited consulting actuary, as deemed necessary, determine whether a retirement system is in compliance with this section.

(C)The state comptroller shall make a report of the status, as to compliance with §§ 8-3453 - 8-3455, of retirem

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(A) Employer contributions to a retirement system which is at least at the minimum actuarial level shall be maintained at least at that level. Employer contributions to a retirement system which is not at least at minimum actuarial level shall be increased from year to year by increasing the rate at which annual employer contributions are determined by at least five per cent (5%) each year until the system reaches minimum actuarial level. (B) The state comptroller shall, on the basis of the reports submitted in accordance with § 8-3454 and assisted by an accredited consulting actuary, as deemed necessary, determine whether a retirement system is in compliance with this section. (C) The state comptroller shall make a report of the status, as to compliance with §§ 8-3453 - 8-3455, of retirement systems to the governor and to the general assembly before June 30, 1967, and such reports thereafter as he deems necessary or desirable.