Any member of the retirement system who participated in the optional retirement program and received a limited lump sum distribution of contributions pursuant to § 8-25-205(c)(1)[repealed] shall be entitled to establish service and salary credit in the retirement system for the period during which those contributions were made to the member's optional retirement account. To establish service, the member must pay to the retirement system a sum equal to twelve and sixty-five hundredths percent (12.65%) of the member's earnable compensation during the period those contributions were made to the member's optional retirement account, plus interest on that amount at the rate provided in § 8-37-214.
Structure 2021 Tennessee Code
Title 8 - Public Officers and Employees
Chapter 25 - Deferred or Tax-Sheltered Compensation Programs
Part 2 - Optional Retirement Program for Employees of Public Institutions of Higher Education
§ 8-25-202. Establishment of Program
§ 8-25-210. Claims Under Qualified Domestic Relations Order
§ 8-25-211. Cash Withdrawal From Program — Effect of Cash Withdrawal