Tenn. Code § 8-25-213

Current through Acts 2023-2024, ch. 1069
Section 8-25-213 - Effect of reemployment on other than full-time basis of person receiving benefits from optional retirement program

A person returning to service on other than a full-time basis in a position covered by the optional retirement program or the Tennessee consolidated retirement system may take or continue taking distributions from the optional retirement program during the period of reemployment; provided, that the person:

(1) Is subject to the applicable work and compensation limits set forth in § 8-36-805(1) and (2);
(2) Is not eligible for additional contributions to the person's optional retirement account and shall not establish retirement credit in the retirement system for a period of the reemployment during the reemployment; and
(3) Is subject to applicable federal and state laws, rules, regulations, notices and guidance, and optional retirement program plan terms relative to distributions, including, but not limited to, in-service distributions.

T.C.A. § 8-25-213

Amended by 2023 Tenn. Acts, ch. 135, s 1, eff. 4/6/2023.
Acts 2015 , ch. 118, § 1.