Tennessee Statutes
§ 8-36-305 — Minimum allowances
Tennessee·Title 8
(a)The minimum early service retirement allowance payable to any member in Group 1, 2 or 3 shall be the minimum service retirement allowance computed in accordance with § 8-36-209(a) on the basis of the member's creditable service at the time of early retirement, reduced by four-tenths of one percent (0.4%) for each month by which the member's date of early retirement precedes such member's service retirement date.
(b)The minimum early service retirement allowance payable to a transferred Class A member or a transferred Class B member shall be equal to a minimum service retirement allowance computed in accordance with § 8-36-209(b) on the basis of the member's creditable service at the time of early retirement.
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Legislative History
Acts 1972, ch. 814, § 5; 1975, ch. 315, § 5; T.C.A., §§ 8-3909(b), 8-3909(c).
Nearby Sections
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