If a teacher in the service of an employer operating a local retirement fund who is eligible for membership therein ceases to be a teacher, and if at such time such person would have been eligible for retirement under this retirement system had such person been a member, the board of trustees shall pay from the state accumulation fund of this retirement system to the managing board of the local retirement fund a state annuity equal to the state annuity which would have been payable under this retirement system if such teacher had been a member of this retirement system during service with such employer subsequent to the date of establishment to the time of retirement and a member of the Tennessee teachers' retirement system during service with such employer prior to the date of establishment:
Structure 2021 Tennessee Code
Title 8 - Public Officers and Employees
Chapter 35 - Retirement—membership
Part 3 - Membership—teachers in Local Systems
§ 8-35-301. Teachers Participating in Local Funds
§ 8-35-302. Teachers Not Eligible to Participate in Local Funds
§ 8-35-303. State Annuity for Teachers Eligible to Participate in Local Funds
§ 8-35-304. Teachers Becoming Members After July 1, 1972
§ 8-35-305. Information From Operators of Local Funds
§ 8-35-308. Member of Local Fund Entering Service of Employer Without Local Fund
§ 8-35-309. Determination of Normal and Accrued Liability Contributions
§ 8-35-310. Consideration of Creditable Service Not Recognized by Local Fund
§ 8-35-311. Adoption of Provisions of This Part by Operator of Local Fund
§ 8-35-312. Adjustment of Teachers' Benefits When Local Fund Includes Certain Nonteachers
§ 8-35-313. Payment of State Annuity Direct to Retiree
§ 8-35-314. Optional Retirement Allowances
§ 8-35-315. Deduction of Amount of State Annuity From Allowances or Supplements
§ 8-35-316. Payment of Minimum Benefit Supplements to Certain Local Fund Retirees