Proration of costs among employers

The board of trustees, with the approval of the commissioner of finance and administration, may, at its discretion, direct that the cost of administering the retirement system be prorated among all employers and deducted from each employer's account in the state accumulation fund. Amended by 2015 Tenn. Acts, ch. 118,s 5, eff. 4/10/2015. Acts 1981, ch. 387, § 15; 1994, ch. 958, § 2; 2011, ch. 140, § 6. The board of trustees, with the approval of the commissioner of finance and administration, may, at its discretion, direct that the cost of administering the retirement system be prorated among all employers and deducted from each employer's account in the state accumulation fund. Amended by 2015 Tenn. Acts, ch. 118,s 5, eff. 4/10/2015. Acts 1981, ch. 387, § 15; 1994, ch. 958, § 2; 2011, ch. 140, § 6.