Tennessee Code 8-3403 – Board – Composition
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Terms Used In Tennessee Code 8-3403
- board: means the board provided for in part 3 of this chapter. See Tennessee Code 8-34-101
- Ex officio: Literally, by virtue of one's office.
- Person: includes a corporation, firm, company or association. 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
- State: means the state of Tennessee. See Tennessee Code 8-34-101
- Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105
Said retirement system shall be administered by a board to be known as “the Tennessee state retirement board.” Said board shall consist of the state treasurer and the budget director, who shall be ex officio members; some person, not a state employee, to be appointed by the governor to serve a two (2) year term beginning on the first day of July of each odd year; and two (2) state employees, not from the same department, commission, board, agency or institution, to be elected for two (2) year terms by a majority of the members voting in elections to be held by said board, such terms beginning on the first day of July of each even year.