TCA § 9-4-1205 — Purpose of trust fund — Certification of amount needed to fund increase in employer contribution rate — Use of assets — United States — Tennessee law | Esheria

TCA § 9-4-1205 — Purpose of trust fund — Certification of amount needed to fund increase in employer contribution rate — Use of assets

The board may certify an amount when teacher employer contribution rates rise above the 2018 level, and the trust trustees must decide whether a transfer is in beneficiaries’ best interests before directing any transfer. The fund’s assets must be used only for the section’s purpose and reasonable administration and inv

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Jurisdiction
United States — Tennessee
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
View official record ↗
employer contribution rates retirement fund administration trust asset use

Statute overview

About this statute

The board may certify an amount when teacher employer contribution rates rise above the 2018 level, and the trust trustees must decide whether a transfer is in beneficiaries’ best interests before directing any transfer. The fund’s assets must be used only for the section’s purpose and reasonable administration and investment expenses.

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