At any time that the funds in the hands of the public treasury to the credit of the fund become insufficient, the board of trustees shall assign, as soon and so far as can practically be done, from the sinking fund under its control, to the city or town treasurer, or county trustee, so that the deficiency shall be supplied.
Structure 2021 Tennessee Code
Part 9 - Teachers' Local Retirement Systems
§ 49-5-905. Deficiencies in Contributions
§ 49-5-906. Eligibility for Benefits
§ 49-5-907. Retirement Because of Incapacity
§ 49-5-908. Insufficiency of Fund to Pay Annuities
§ 49-5-909. Exemption of Benefits From Process — Nonassignability
§ 49-5-912. Delegation of Duties by Trustees