§ 8-35-318. Local board of education not entitled to establish local fund.

TN Code § 8-35-318 (2019) (N/A)
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(a) Any other law to the contrary notwithstanding, a local board of education shall not be entitled to establish a local teacher retirement fund.

(b) Notwithstanding the foregoing, this section shall not affect the rights, benefits and privileges of teachers presently participating in a local retirement fund.