Tennessee § 8-4016 Amount of benefits

Tennessee Statutes

§ 8-4016 — Amount of benefits

Tennessee § 8-4016

Title8

This text of Tennessee § 8-4016 (Amount of benefits) 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. § 8-4016 (2026).

Text

The retirement benefit per annum to any person retiring under the provisions of this chapter shall be two and one-half per cent (2 ½%) of the average compensation for each year of service (but in computing, not to exceed twenty-four (24) years service) provided said benefit shall not exceed sixty per cent (60%) of said average compensation. In computing length of time of service, fractions of a year equaling six (6) months or more shall be treated as a full year of service.

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The retirement benefit per annum to any person retiring under the provisions of this chapter shall be two and one-half per cent (2 ½%) of the average compensation for each year of service (but in computing, not to exceed twenty-four (24) years service) provided said benefit shall not exceed sixty per cent (60%) of said average compensation. In computing length of time of service, fractions of a year equaling six (6) months or more shall be treated as a full year of service.