reglab/housing_qa huggingface dataset:
TN Code § 8-36-924 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 36 - Retirement Benefits|Part 9 - Hybrid Retirement Plan for State Employees and Teachers|§ 8-36-924. Establishment of Retirement Credit for Previous Service

  Any participant who previously served as a state employee or teacher whose membership in the retirement system was optional, but who elected not to participate, may establish retirement credit in the hybrid plan for the previous service pursuant to § 8-36-905.   Any political subdivision employee participant who previously served in a position having optional membership in the retirement system, but who elected not to participate, may be eligible to establish retirement credit in the hybrid plan for the previous service pursuant to § 8-36-905 if the following conditions are met:  The political subdivision is a participating employer in the hybrid plan and the prior service was rendered to that political subdivision;   The chief legislative body of the political subdivision passes a resolution authorizing an actuarial study to determine the liability associated with the prior service, and accepting responsibility for the costs of the study; and   Following receipt of the actuarial study, the chief legislative body of the political subdivision passes a resolution authorizing the prior service and accepting the liability for the credit.     To establish credit under this section, a member must have at least one (1) year of current membership service or previous service established pursuant to chapter 35, part 2 of this title and must establish credit for all back service before such service is creditable, except as otherwise provided in Chapters 34 37 of this title.
TN Code § 8-37-101 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-101. Assets of System Held in Two Funds

 All of the assets of the retirement system shall be credited, according to the purpose for which they are held, between two (2) funds, namely, the members' fund and the state accumulation fund.
TN Code § 8-37-102 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-102. Custodian of Funds — Disbursements

  The state treasurer shall be the custodian of the funds of the retirement system.   All payments from such funds shall be made by the state treasurer on warrants or vouchers issued and signed by such person as is designated by the board.   A duly attested copy of a resolution, if the board designating such person and bearing on its face the specimen signature of such person, shall be filed with the commissioner of finance and administration as the state treasurer's authority for issuing warrants upon such vouchers.   For the purpose of meeting disbursements for state annuities, member annuities, and other payments, there may be kept available cash, not exceeding ten percent (10%) of the total amount in the funds of the retirement system, on deposit in one (1) or more banks, savings and loan associations or trust companies in the state, organized under the laws of the state or of the United States, and qualified as state depositories.
TN Code § 8-37-103 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-103. Trustees of Funds

 The members of the board shall be the trustees of the funds created by Chapters 34 37 of this title.
TN Code § 8-37-105 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-105. Powers of Fund Trustees

 Subject to the limitations in § 8-37-104, the board, or its nominee, has full power to hold, purchase, sell, assign, transfer, or dispose of any of the securities or investments in which the funds created herein have been invested, including the purchasing and selling of stock options, as well as of the proceeds of such investments and any moneys belonging to such funds.
TN Code § 8-37-106 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-106. Transaction of Business — Nominees

 All of the board's business shall be transacted, all of its funds invested, all warrants for money drawn, any payments made, and all of its cash and securities and other property shall be held:   In the name of the board;   In the name of its nominee; provided, that the nominee is authorized by retirement board resolution solely for the purpose of facilitating the transfer of securities and restricted to members of the board, or a partnership composed of any such members; or   For the account of the board or its nominee in such forms as are standard in the investment community for the timely transaction of business or ownership identification, such as book entry accounts.
TN Code § 8-37-107 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-107. Personal Interest in Investments Prohibited

 Except as otherwise herein provided, no trustee and no employee of the board of trustees shall have any personal interest in the gains or profits of any investment made by the board; nor shall any trustee or employee of the board, directly or indirectly, for such trustee or employee or as an agent, in any manner for such trustee or employee or as an agent, in any manner use the same except to make such current and necessary payments as are authorized by the board; nor shall any trustee or employee of the board become an endorser or surety, or in any manner an obligor, for money loaned to or borrowed from the board.
TN Code § 8-37-110 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-110. Delegation to Treasurer of Implementation of Policy

  Implementation of the policy established by the board of trustees may be delegated by the board to the state treasurer who shall put such policy into effect.   Subject to the delegation of the board of trustees, the state treasurer shall have full power to invest and reinvest such funds as are created by this chapter and Chapters 34 36 of this title.
TN Code § 8-37-111 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-111. Outside Investment Counsel — Expenses

  Any other law to the contrary notwithstanding, the board of trustees shall have the authority to employ outside investment counsel for advisory services.   The expenses of the fees charged by such investment counsel and any expense incurred under the authority of title 9, chapter 4, part 4, relative to the safekeeping and servicing of retirement system securities shall be charged to and paid from the earnings of the funds.
TN Code § 8-37-112 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-112. Assets — Exclusive Purposes

 The assets of the plan shall never inure to the benefit of an employer and shall be held for the exclusive purposes of providing benefits to members and their beneficiaries and defraying reasonable expenses of administering the plan.
TN Code § 8-37-113 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-113. Emerging Investment Managers as Outside Investment Managers

  In the event the board of trustees directs that outside investment managers be engaged to invest assets of the Tennessee consolidated retirement system, the board of trustees shall endeavor to use emerging investment managers to the greatest extent feasible within the bounds of financial and fiduciary prudence. Any such emerging investment manager must have at least five (5) years of professional investment experience in the asset class for which outside investment managers are being sought.   If the board of trustees directs that outside investment managers be engaged, the treasurer shall submit an annual statement to the general assembly regarding the use of emerging investment managers. The statement shall identify the emerging investment managers used by the board, the percentage of the system's assets under the investment control of emerging investment managers, and the actions undertaken to increase the use of emerging investment managers, including encouraging other investment managers to use emerging investment managers as subcontractors when the opportunity arises. Inclusion of such statement within the state treasurer's annual report to the general assembly shall satisfy this requirement.   As used in this section:  “Emerging investment manager” means a qualified investment adviser that manages an investment portfolio of at least ten million dollars ($10,000,000) but less than one hundred million dollars ($100,000,000) and is a minority-owned business;   “Minority-owned business” means a business concern which is at least fifty-one percent (51%) owned by one (1) or more minority persons, or in the case of a corporation, at least fifty-one percent (51%) of the stock of which is owned by one (1) or more minority persons; and the management and daily business operations of which are controlled by one (1) or more of the minority individuals who own it; and   “Minority person” means a person who is a citizen or lawful permanent resident of the United States and who is:  African American; or   Hispanic.
TN Code § 8-37-114 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-114. Authorization to Contract for Investment Management Services

  Notwithstanding any other provision of the law to the contrary, the board of trustees is expressly authorized to contract for investment management services for the retirement system's foreign portfolios and for the retirement system's real estate portfolios. The board shall provide for the powers, duties, functions and compensation of any investment managers so engaged. Any contract for such investment management services shall be procured in the manner prescribed by the board. The board may authorize the system's investment consultant to initially evaluate and make recommendations regarding proposals submitted by investment managers. Personal services, professional services, consultant services, management of the foreign portfolios, and management of the real estate portfolios may be procured in such manner as prescribed by the board without regard to the requirements of former § 12-4-109 [see the Compiler's Notes], if the board determines that such services are necessary or desirable for the efficient administration of the retirement system's investment program, and provided such procurement method is approved by the council on pensions and insurance.   All expenses and fees incidental to such outside investment management shall be charged to and paid from the earnings of the funds.
TN Code § 8-37-115 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-115. Entities for Purpose of Acquiring, Holding Title To, and Collecting Income From Real Property on Behalf of Retirement System — Authority to Enter Into Agreements

  The board of trustees is hereby authorized to create one (1) or more not-for-profit corporations, limited liability companies, limited liability partnerships, or trusts for the purpose of acquiring, holding title to, and collecting income from real property on behalf of the retirement system pursuant to § 8-37-104(a)(9). The board of trustees is further authorized to create one (1) or more not-for-profit corporations, limited liability companies, limited liability partnerships, or trusts for the purpose of acquiring, holding title to, and collecting income from private equity investments on behalf of the retirement system pursuant to § 8-37-104(a)(10).   The board of trustees is hereby authorized, at its discretion, to transfer funds of the retirement system to any organization created pursuant to this section for the payment of any costs or expenses incidental to the activities of the organization.   An organization created pursuant to this section may enter into such agreements as it may deem necessary or advisable in carrying out any purpose for which the organization was created. Any such agreement may contain terms and conditions determined by the board of trustees to be appropriate, including, but not limited to, indemnification, liquidated damages, warranties of title to real estate, and choice of law. Any such agreements authorized by this section shall be exempt from the requirements contained in title 12, chapters 3 and 4.   The attorney general and reporter or an assistant designated by the attorney general and reporter shall be the legal advisor of any organization created pursuant to this section. Notwithstanding any other law, in cases where the interest of such organization requires additional counsel to the attorney general and reporter, the chair of the organization, with the approval of the attorney general and reporter, is authorized to employ such additional counsel.
TN Code § 8-37-116 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-116. Bonds, Notes and Investment Contracts — Issuance to State Entities

  The board of trustees has the power and authority to enter into investment contracts with, or to issue notes, bonds or other evidences of indebtedness to, any instrumentality of the state which is designated to invest funds received pursuant to the tobacco litigation master settlement agreement entered into by Tennessee and certain other states, United States territories and possessions, and participating tobacco manufacturers, dated November 23, 1998.   In exercising the authority granted in subsection (a), the board of trustees is authorized to enter into such arrangements under terms and conditions the board determines to be in the best interest of the retirement system. Any debt issued pursuant to this section shall not be invalid for any irregularity or defect in the proceedings for the issuance or sale thereof. Further, all obligations issued under this section shall be exempt from taxation by the state, or by any county, municipality or taxing district of the state.   Notwithstanding § 8-6-106 or other law to the contrary, the board may employ bond counsel, financial advisors, underwriters, and such other professionals deemed necessary to assist the board in the issuance, management and servicing of all debt issued by the board hereunder. Any professional so employed hereunder shall be paid such compensation as the board may deem just and such compensation may be paid out of the proceeds of any debt issued hereunder or from the assets of the retirement system. The board is further authorized to pay any or all costs or expenses incurred by the board relative to the issuance, management and servicing of any debt issued hereunder from the proceeds of any such debt or from other assets of the retirement system.
TN Code § 8-37-117 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 1 - Custody and Management of Funds—investment|§ 8-37-117. Funds Created by This Chapter and Chapters 3 4 Through 36 Deemed Funds of Retirement System

 The funds created by this chapter and Chapters 34 36 of this title shall be deemed to be the funds of the retirement system and not state funds.
TN Code § 8-37-201 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-201. Source of Funds

 The members' fund shall be a fund in which shall be accumulated the contributions deducted from the compensation of members to provide for their member annuities, together with any contributions of members and interest thereon transferred thereto from a superseded system.
TN Code § 8-37-204 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-204. Certification of Rate of Contribution — Deduction of Contribution From Compensation by Employer

 The board of trustees shall certify to the commissioner of finance and administration and the state treasurer, in the case of any employee paid by warrants on the state treasurer, or to the department, institution, commission, board or agency by which the salary of any employee is paid, the proportion or percent to be deducted from the compensation of each member.   Such authority or officer shall cause to be deducted from the compensation of each member, on each and every payroll of such employer for each and every payroll period, the percentage of earnable compensation applicable to such member.   To facilitate the making of deductions, the authority or officer may modify the deduction required of any member by such an amount as shall not exceed one tenth of one percent (0.1%) of the annual earnable compensation upon the basis of which such deduction is made.
TN Code § 8-37-206 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-206. Disposition of Sums Deducted — Records and Reports

  All sums deducted shall be transmitted to the state treasurer, and the state treasurer shall furnish the comptroller of the treasury, the commissioner of finance and administration and the board of trustees with a record of all such moneys.   The amounts deducted shall be reported to the board of trustees.   Each of such amounts, when deducted, shall be paid to the retirement system and credited to the individual account, in the members' fund, of the member from whose compensation the deduction was made.
TN Code § 8-37-207 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-207. Contributions Credited to Individual Accounts — Interest on Contributions

 Each contribution shall be credited, with interest thereon, to the individual account of the member from whose compensation the deduction was made.
TN Code § 8-37-208 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-208. Consent to Deductions as Condition of Membership

 Every member shall be deemed to consent and agree to the deductions herein provided as a condition of membership.
TN Code § 8-37-209 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-209. Effect of Payroll Deductions on Minimum Compensation

 The deductions provided for herein shall be made, notwithstanding that the minimum compensation provided for by law for any member shall be reduced thereby.
TN Code § 8-37-210 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-210. Right of Withdrawal of Accumulated Contributions Upon Termination of Employment or Death Prior to Retirement

  If a member other than a teacher is separated from service for reasons other than retirement or death, the amount of the member's accumulated contributions shall be paid to the member within ninety (90) days after the member's written request for such accumulated contributions.   Should a member cease to be a teacher except by death or retirement under Chapters 34 37 of this title, the member shall be paid upon application, made not less than four (4) months following the member's cessation of service, the amount of the accumulated contributions standing to the credit of the member's individual account in the member's fund. Any teacher who provides documentation to the satisfaction of the board of trustees that the teacher has terminated employment, is not reemployed by any employer covered by the retirement system, and is no longer residing in this state, shall be paid the amount of such person's accumulated contributions within ninety (90) days after making application for such accumulated contributions. Any teacher who has been dismissed, and the employer certifies that dismissal occurred due to budgetary problems, shall be paid the amount of such person's accumulated contributions within ninety (90) days after making application. Any teacher employed and paid on a continuous twelve-month basis shall be paid such teacher's accumulated contributions within ninety (90) days after such teacher's written request for such accumulated contributions.   Distribution of a member's benefit must begin by the required beginning date, which is the later of the April 1 following the calendar year in which the member attains age seventy and one-half (70½) or April 1 of the year following the calendar year in which the member terminates. If a member fails to apply for retirement benefits by the later of either of those dates, the board shall begin distribution of the monthly benefit as required by this section in the applicable form provided in § 8-36-206.
TN Code § 8-37-211 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-211. Return of Accumulated Contributions to Terminated Ceta Employees

 Notwithstanding any provisions to the contrary in § 8-37-210, § 8-37-212 or chapter 35, part 1 of this title, in cases where employer contributions have been refunded on behalf of CETA employees, the employee contributions will be refunded to the member.
TN Code § 8-37-212 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-212. Return of Excess Accumulated Contributions Upon Death of Retiree

  Upon the death of a retired member after the retired member's retirement allowance payments have commenced (provided, that the retired member has not elected an optional allowance that has become effective), any excess of the amount of the retired member's accumulated contributions at retirement over the sum of the retirement allowance payments received shall be paid in one (1) sum to the person nominated by the member, if living, otherwise to the member's estate in accordance with § 8-36-120.   Upon the death of a retired member and the beneficiary nominated by the retired member under the terms of an option, if an option was elected and had become effective, any excess of the retired member's accumulated contributions at retirement over the sum of the retirement allowance payments received by the retired member and such beneficiary shall be paid to the estate of the last to survive of the member and such beneficiary in accordance with § 8-36-120.
TN Code § 8-37-213 (2021)
2021 Tennessee Code|Title 8 - Public Officers and Employees|Chapter 37 - Retirement—financing and Funds|Part 2 - Members' Fund|§ 8-37-213. Payment From Members' Fund Upon Withdrawal of Accumulated Contributions

 The accumulated contributions of a member withdrawn by the member, or paid to the member's designated beneficiary or to the member's estate in accordance with § 8-36-120, shall be paid from the members' fund.