Teachers participating in local funds

Any teacher in the service of an employer operating a local retirement fund, who is eligible and participates in membership therein, shall not be a member of the retirement system established by chapters 34-37 of this title, shall make no contributions to this retirement system, and shall be eligible for benefits under this retirement system only as provided in this part. Acts 1972, ch. 814, § 9; T.C.A., § 8-3933(1). Any teacher in the service of an employer operating a local retirement fund, who is eligible and participates in membership therein, shall not be a member of the retirement system established by chapters 34-37 of this title, shall make no contributions to this retirement system, and shall be eligible for benefits under this retirement system only as provided in this part. Acts 1972, ch. 814, § 9; T.C.A., § 8-3933(1).