Tennessee Code 8-39-202 – Retirement allowance upon reaching sixty-five years of age

(a) Any former governor, upon reaching sixty-five (65) years of age, shall be eligible to receive a retirement allowance.

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Terms Used In Tennessee Code 8-39-202

Month: means a calendar month. See Tennessee Code 1-3-105
Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
Retirement allowance: means the sum of the member annuity and the state annuity. See Tennessee Code 8-34-101

(b) The amount of such retirement allowance shall be an amount per annum equal to fifty percent (50%) of the then current annual salary of the office of the governor, payable in twelve (12) equal monthly payments, to commence on the first day of the month following the former governor’s sixty-fifth birthday and to be payable monthly thereafter for life.

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Tennessee Code 8-39-202 – Retirement allowance upon reaching sixty-five years of age

Terms Used In Tennessee Code 8-39-202

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