Tennessee Statutes
§ 8-4016 — Amount of benefits
Tennessee·Title 8
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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Legislative History
Acts 1968 (Adj. S.), ch. 617, § 17.
Nearby Sections
15
§ 8-1-101
Date governor's oath of office taken§ 8-1-102
Compensation§ 8-1-103
Private secretary§ 8-1-107
Succession to office§ 8-1-109
Governor to sign certain documents - Power of attorney for purpose of affixing governor's signature§ 8-1-110
Criminal justice agency statistics§ 8-1-201
Short title