8-37-307 - Interest and dividends earned Transfer to individual accounts of members.
8-37-307. Interest and dividends earned Transfer to individual accounts of members.
All interest and dividends earned on the funds of the retirement system shall be credited to the state accumulation fund. The board of trustees annually shall show interest at such rate or rates as it shall determine from time to time on the individual accounts of members in the members' fund and shall transfer such amounts from the state accumulation fund.
[Acts 1972, ch. 814, § 8; T.C.A., § 8-3930(2).]