Tennessee Code 49-1520 – Members’ contributions account – Source
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Terms Used In Tennessee Code 49-1520
- Accumulated contributions: means the sum of all the amounts deducted from the compensation of a member, together with any amount transferred to the account of the member established pursuant to chapters 34-37 of this title from the respective account of the member under one (1) or more of the superseded systems, with interest thereon, as provided in §. See Tennessee Code 8-34-101
The members’ contributions account shall be the account in which shall be accumulated contributions from the compensation of members to provide for their teacher annuities. Contributions to and payments from the members’ contributions account shall be made as set forth in §§ 49-1521 – 49-1526.