Rules & Regulations of the State of Tennessee
Title 1240 - Human Services
Subtitle 1240-06 - Tennessee Business Enterprises
Chapter 1240-06-16 - Health Insurance and Retirement Program
Section 1240-06-16-.02 - RETIREMENT BENEFITS ELIGIBILITY

Universal Citation: TN Comp Rules and Regs 1240-06-16-.02

Current through September 24, 2024

(1) Pursuant to a majority vote of all licensed managers, vending machine income received by the Agency which is not payable to licensed managers as provided in 34 C.F.R. § 395.8 shall be used in accordance with 34 C.F.R. § 395.9 to provide a retirement plan for all licensed, permanently assigned vending facility managers. Managers who are not permanently assigned and who have established transfer or demotion eligibility shall continue to receive the retirement benefits if there is an accrual of seniority in accordance with chapter 1240-6-5-.06(3). Licensed managers who are temporarily assigned shall not receive such benefits

Authority: T.C.A. §§ 4-5-201 et seq., 71-1-105(12), 71-1-503, 71-4-509, and 71-4-604; 34 C.F.R. § 395.

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