The assets of the plan shall never inure to the benefit of an employer and shall be held for the exclusive purposes of providing benefits to members and their beneficiaries and defraying reasonable expenses of administering the plan.
Structure 2021 Tennessee Code
Title 8 - Public Officers and Employees
Chapter 37 - Retirement—financing and Funds
Part 1 - Custody and Management of Funds—investment
§ 8-37-101. Assets of System Held in Two Funds
§ 8-37-105. Powers of Fund Trustees
§ 8-37-106. Transaction of Business — Nominees
§ 8-37-107. Personal Interest in Investments Prohibited