Tennessee Code 8-37-213 – Payment from members’ fund upon withdrawal of accumulated contributions
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Terms Used In Tennessee Code 8-37-213
- 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pursuant to chapters 34-37 of this title from the respective account of the member under one (1) or more of the superseded systems, with interest thereon, as provided in §.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
- Member: means any person included in the membership of the retirement system, as provided in chapter 35, part 1 of this title. See Tennessee Code 8-34-101
The accumulated contributions of a member withdrawn by the member, or paid to the member’s designated beneficiary or to the member’s estate in accordance with § 8-36-120, shall be paid from the members’ fund.