Tenn. Comp. R. & Regs. 1700-03-01-.12 - CHANGE FROM REGULAR PLAN OR SOCIAL SECURITY LEVELING TO AN OPTIONAL RETIREMENT PLAN
T.C.A. § 8-36-603 allows a retired member who did not elect an option to do so after retirement in favor of a beneficiary. If the retiree originally selected the regular plan or social security leveling, he may change from such plan to an optional form of retirement (Options I-IV) by making a payment equal to the difference in benefits received and the optional plan. However, a retiree cannot change from the regular or maximum plan to social security leveling.
Notes
Authority: T.C.A. § 8-34-313.
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