8-35-309 - Determination of normal and accrued liability contributions. - Tennessee Statutes

8-35-309. Determination of normal and accrued liability contributions.

Notwithstanding any other provision of chapters 34-37 of this title, the actuary in determining the normal and accrued liability contributions and the board in setting such contributions and the amount of the appropriation to be paid by the state to the state accumulation fund shall include the liability on account of teachers in the employ of employers having local retirement funds, and the state annuities payable from the state accumulation fund shall include those payable on account of teachers in the service of employers having local retirement funds as provided in this part.

[Acts 1972, ch. 814, § 9; T.C.A., § 8-3933(5).]