1700-03-01-.15
Lump Sum Payments For Leave Or Compensatory Time
Cite as Tenn. Comp. R. & Regs. 1700-03-01-.15
If a member,
upon termination of employment, is compensated for the member’s unused accumulated leave or
TENNESSEE CONSOLIDATED RETIREMENT SYSTEM
CHAPTER 1700-03-01
compensatory time in a lump sum, no retirement contributions are to be submitted and no retirement
credit will be granted for that payment. The purpose of this rule is to prevent an artificial inflation of an
employee’s average final compensation upon which the employee’s retirement benefit calculation will be
based.