8-36-203 - Effective date of retirement Commencement of benefits.
8-36-203. Effective date of retirement Commencement of benefits.
Any member eligible to retire may set the effective date of the member's retirement at any date within one hundred fifty (150) days before or after the date that the member's application is filed with the board; provided, that such effective date of retirement follows the date of the member's separation from service. Benefits must commence for all members, including prior class members, no later than either their date of termination of employment or the end of the calendar year in which they attain seventy and one-half (70 ½) years of age, whichever is later.
[Acts 1972, ch. 814, § 5; 1973, ch. 347, § 11; T.C.A., § 8-3905(a); Acts 1984, ch. 601, § 8; 1993, ch. 67, § 20.]