Transfer of accumulated contributions to the state accumulation fund for payment of allowances

Upon the retirement of a member, or if a retirement allowance becomes payable on account of the member's death prior to retirement, the member's accumulated contributions shall be transferred from the members' fund to the state accumulation fund. Acts 1972, ch. 814, § 8; T.C.A., § 8-3930(1). Upon the retirement of a member, or if a retirement allowance becomes payable on account of the member's death prior to retirement, the member's accumulated contributions shall be transferred from the members' fund to the state accumulation fund. Acts 1972, ch. 814, § 8; T.C.A., § 8-3930(1).