Tennessee § 8-37-401 - Certification to governor of estimated contributions needed.

§ 8-37-401. Certification to governor of estimated contributions needed.

At least thirty (30) days prior to each regular session of the general assembly, the board of trustees shall certify to the governor the estimated amounts of normal contribution, accrued liability contribution and cost-of-living contribution required to meet the provisions of chapters 34-37 of this title during the year next following, and the estimated amount required to cover the expenses of administering the retirement system during such year. The board shall certify such amounts as are required on account of state employees other than teachers separately for each department, institution, commission, board, or agency of the state and shall also certify separately such amounts as are required on account of teachers and on account of members in Group 3 not employed by the state. Acts 1972, ch. 814, § 8; T.C.A., § 8-3931(a). Cross-References. Accumulated contributions of members and the cash and securities in funds exempt from execution, attachment, garnishment and taxation, § 8-36-111 . For text of repealed law concerning superseded retirement systems, see Appendix following this title. Funding of new laws which create financial liabilities for retirement systems, § 3-9-103 . Miscellaneous pensions and retirement funds, title 8, ch. 39.