Tennessee § 9-4-1205 - Purpose of trust fund — Certification of amount needed to fund increase in employer contribution rate — Use of assets.
Full text of Tennessee Tennessee Code Annotated § 9-4-1205 — Purpose of trust fund — Certification of amount needed to fund increase in employer contribution rate — Use of assets., with citation guidance and answers to common questions.
§ 9-4-1205. Purpose of trust fund — Certification of amount needed to fund increase in employer contribution rate — Use of assets.
As provided in this section, the purpose of the teacher legacy pension stabilization reserve trust fund is to protect teacher members of the legacy plan from a reduction or erosion of funds in the legacy plan that are necessary to pay benefits provided by the plan. If in any given year, the actuarially determined employer contribution rate for teachers exceeds the actuarially determined employer contribution rate for teachers as of fiscal year 2018, the board of trustees of the Tennessee consolidated retirement system may certify to the trustees of the trust the amount necessary to fund the increase in the employer contribution rate for that year. Upon receipt of the certification, the trustees of the trust shall determine whether transferring all or a portion of the requested amount from the teacher legacy pension stabilization reserve trust fund would be in the best interests of the trust beneficiaries. If it is, the trustees shall direct the treasurer to transfer such amount as the trustees shall determine from the teacher legacy pension stabilization reserve trust fund to the state accumulation fund of the legacy plan. The assets of the teacher legacy pension stabilization reserve trust fund shall be used exclusively for the purpose set forth in this section and to pay the reasonable expenses incurred in administering and investing the trust assets. Acts 2017, ch. 374, § 8. Code Commission Notes. Acts 2017, ch. 374, § 8 enacted a new part 59, §§ 9-4-5901 — 9-4-5906 , but the part has been redesignated as part 12, §§ 9-4-1201 — 9-4-1206 by authority of the Code Commission.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 9-4-1205
What does Tennessee Code Annotated § 9-4-1205 cover?
Section 9-4-1205 ("Purpose of trust fund — Certification of amount needed to fund increase in employer contribution rate — Use of assets.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 9-4-1205?
A common citation format is "Tennessee Code Annotated § 9-4-1205" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 9-4-1205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.